National Republican. (Washington City (D.C.)) 1872-1888, 1885-10-17
roIIr1c- ~ rnILn.orml.



the present reform administration. com.
pared with the first els months 1f las' year.
there has beUn 10 luss uf over .lu.uuHu tH
confidence iu the luWIuIalfHfIHH with fhH
manufacturers and butIu,ss mH1 ura failure
Of the new reform officials tH faithfully rU'.
lcCt the revenue. The iHss Uu uUuIf o.
largely attributable tu both HHuaa IUHr0
certainly never has been time s.u.H sd
when there was su Ut.lu IuIu.rmHHf fT
the investment ui capital Iu mtuIfT.fH.us
Of any Kind that requires IIIHF H. Ht UTUa
cnt The wage workers Ui tIH country HI
all classes are organizing Cor iHr rH.frt.Hu
~ lahur-fur the enforcement uf fH.r living
wages. This Is a. ID shuuII o. Toe Do.
bor NJ the country IL the rial wealth u'
the country, uul should De- protected IuI
well paid. Unfortunately The great moss
of the laburing element ~ the country hns
heretofore supported The party that dugs
not believe In protecting home luuustUus
and home labor.
Then there Is almost ouc.half % the poll.
ticiaus that favor free trade. They uppu.H
home protection, they tell the farmer hHu
much cheaper he could buy his needed sup.
plies II allowed to buy the plupcr products
of the old world. Then the money power
the gold bugs-waut 90 aud mean 90 stuu
the coinage Of silver standard dollars The
labor Of the country Is demanding better
wages, and they should have better paw
The free trader wants cheaper goods. llr
wants the privilege Of going abroad to buy
without paying a tax for the privilege
while the money lOaner- 81 the county
want to make gold the standard " MONIES
values In other words, they want 10 in
crease the purchasing power " money
twenty per cent on their own statement
that silver dollars are only worth eighty
cents. What sane man can hope for the re-
vival Of business during this uncertainty
And, to add to the general depression, the
New York state Democratic convention.
that no doubt fully voices the alminstra-
ton, says that there must be- revision
Of the tariff, and tariff revision meant,
in this declaration, just the construction
the different varieties Of free trader
may choose to put on It, IL Is declaration
by the New York Democrats against the
present tariff, and to that extent encour-
ages the free trader, and is u discourage
ment to home industries. On the silver
question this Democratic convention is
more outspukcn. They are against the
silver dollar. They say the further coinage
of the silver dollar is dangerous to the
country. 1t has been truly hard ON the
money lOaucr; it has reduced his interest
down from u to 10 per cent. to from 3 to q
per cent. on loans They say that the In
terest on the silver dollars stored IN the
treasury is loss of SiOOO,OOO annually.
Then why does not the Secretary of the
Treasury pay them ont ON matured bonds
And not only stop the loss of interest on
the boarded silver, but also save the per
cent. interest on the redeemed bonds. The
law allows such payment, and the interest
Of the people has and does now demand II.
/ The convention say that the SlSO,OOO,OOO Of
| coined standard silver dollars are worth
now only SlG6, 100000. with every pros
| pect OF further depreciation and they
/ round up the silver resolution
/ Of the convention by demanding
I the repeal of the silver dollar coinage act.
! Or the silver question they duplicate the
Dooley street tailors, Let us nowlook at the
facts of the case. The bullion for the $50,
600, 900 cost the government not over 1872,
0OO,OOO, giving tue government premium
Of SIS, 900 to start on, and Of the >lS9,-
900, 900 coined sos, 5000 Is now IN cirCu-
lation MS money in silver certificates. The
government has no interest In these
certificates. except to pay out the silver
dollars held In pledge for their redemption
That leaves but seYenty-live millions Ol
these hated silver dollars in which the gov
eminent has any interest. The Interest
on that sum would be little more thar
$4,000, OOO but by adding the interest los
by not using this silver H., 'ge redemption
Of overdue bonds gives tn 'Hvention thct
four million loss ! suppuSN
The Hon. Hiram Price "a his letter il
the REPUBLICAN,, by statistics completed!
pricked the bubble of the gOlditcs that tn
| coinage f silver dollars was driving gol,
; from this country Free trade will take tn
q gold from this country, but silver dollar
. bring prosperity TO the soil cultivators
, and the product will bring gold to til
c country. Under the present tariff system
: our imports are more than met by our OK
| ports. \ repeal or modification of tn
: tariff would double our imports withou
| any corresponding increase Of our export
u that would require gold to meet the excess
{ and take gold from the country and 500
: bring destruction to the industries Of tn
g country. II the gold bugs aud the fire.
I traders could be retired to the rear for
y few years, all branches of industry woul
r boom and all classes would be benefited.
n This is the only government that does ne
@ take pride In its own resources and powe
c and that does not utilize them in the il
i terest of the people. This government Is
n silver producing country, hut our Cover
z ment officials are doing and have bee
u doing all that was in their power to di
Il credit the silver production. When 20
c. was discovered In California for time
It was supposed that it would soon he
IS plenty as iron. The money kings of L
Dt rope became alarmed, and Germany
lie mOnatiZed gold, and when the gold pr
G. ductlon fell of aud the great Comstot
Or mine seemed to be an incNhuustble bed
Us silver Germany reversed their action, al
W demonetizel silver, and every device is Al
DO has been resorted to by our treasury OF
III cials to disCredit our own silver prOduCtiO
ne Suppose the government buy the silly
NJ product Of the country at its market Walt
Ia issue silver certificates for the amour
OF and stow 1t away in the treasury. I
ed production is but about ;35,OO0,(
e, annually, and that for ten years wol
ny only amount to S3jO,0O0,OOO. The hu
lie ness Of the country will demand mC
MI than that increase of CurrCr
KS during that time, and the ST5,OOO,OOO III
No in the treasury would be ample to prot
ed these certificates ms presented for redGn
EN- tion, II the government would adopt I
ct policy II would not be ten years until
'ul silver bullion would be at par with 20
m But, says Mr., Treasurer Jordan, when
od United States goes into the market a
di- wholesale buyer Of silver, Germany will
mt once dump on us her 2O,OOOOOO that
airs stole from France: but, says ], COnnc
raj purchase to the production of our o
"s, country: but, says Treasurer Jordan, (
me is contrary TO the policy Of the country
lch buying where you can buy cheapest
ND sell where you can get the most To
his government dogma ! enter my solemn :
zen test do not believe that the govcrnm
Ia, should give contracts to contractors I
en- employ convict labor And believe that
HE as much the duty Of the government TO |
the laws for the protection Of her wage citiz
against the populations of foreign count
. as II is to protect the people against
cholera or smallpox Of other countries
HAWKINS TAYLOl
WAsHISGTOS, Oct, II, 1855.