The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1885-09-30
The snver question.

1t seems. indeed, n greatpity that
President Cleveland, sound aud per
fectly orthodox US he unquesiionably
is on many of the leading tenets of
the democratic faith, should BIO SO
far off on the matter OF silver. His
policy, if persisted in, must inevita-
bly, split the party. The eastern
wing will go with him, while the
south and west viii stand by silver.
To demonetize, or what is equally
bad, to stop coinage permanently,
would necessitate complete upset
ting and reorganization of the busi-
moss of the country, besides clogging
and destroying values in many of
the western states and territories to
an enormous figure. Now we are of
that school of democracy which
teaches that the west and south have
already made sacrifices enough for
the east. The silver assault Is di.
rectly in the interest of the gold men
of New York and Boston. Tn y
have already had enough and we do
not propose that they shall grow
richer off sacrifices made by the
struggling west and the conservative
south. 1t seems strange ordering
of providence that the most danger
GUS raid upon the money of the faith
ers should be made by the first dem
ocratic president we have h ad in
quarter ola century. But so IL is,
and we have to make the
best of it. 1t seems that upon a
matter OF money there is but
little difference between the parties
Before the dollar, all political differ
ences are dumb and voiceless. Prin-
ciple goes to the right-about when
ever the question of the currency is
preached. 1t has always been bed
rock principle of democracy to stand
for hard money, a money little bet
Ter than the pledged faith of either
the government or the people, a
money having an intrinsic as well as
a faith value. But 1t seems that Mr.
Cleveland does not so regard IL. That
he is determined to use the position
he now so worthily fills in other re-
spccts, to deal silver fatal blow,
while the power to 40 so is his. 1t
would be a curious study to attempt
to dive all the deeper workings of his
soinng wmcl' 1rsds- ,sp-vo-~,sssnrssv
undenocratic conclusion. But this
would lead to little that is practical.
We have now to deal with principle
which is dangerous to the business
outlook and purposes of the entire
west aud south. To stop silver coin
age now, even for II brief period,
would be fatal to the west, and Grip
ping TO the south. On all of our vast
mountain regions, and the states Dor
dering on and dependent for
trade upon the silver producing
states chill would be thrown from
which they would never emerge I'M
til coinage were resumed. Values
would recede fully fifty per cent.
Before such a contingency as this
even the president of the United
States should pause. The questions
to be asked are, is not silver the
money of small denomination ? Is II
not the natural change of businessi
Is 1t not therefore the money OF the
poor5 1t has completely driven frac-
tional currency from the field, and all
business in sums of less than five dol.
lars is done in silver. This cannot
be ripped up without vast evil to the
general business of the country. But
we get partial glimpse of the real
magnitude of the contemplated evil
when we recall the fact that through
out a vast territory, comprising
largely over one-half Of the nation, a
business blight would creep which
would reduce the value fully fifty per
cent.
If such policy is inevitable; If we
must and will have it at such enor-
nous cost, we do not want the blow
to come from democratic president;
nor to receive the endorsement of
democratic administration.
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| LEssINa, SoLoMAN AZ RosENTuAI.