San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1886-01-08


II was Il matter Of deep regret that Presi-
dent Cleveland was In accord with the
bundhOlder~' war on silver; but It was
fortunate for his election as by this
agreement in opinion, in part, al least,
he carried New York City by such n ma
jOrity that rural New York could not
Oyerbalance The vote of that city, so
famed for its trckery. The present
crisis in the history OF the world AS we'll
rs our own country, calls as with voice
at midday from the skies, for just such
OutspUkrn and fearless presentation OF
fact and trulh in the interest Of the
masses, Of justice and OF civil liberty.
The golden calf. like unto that OF an
cirnt Israel IN the wilderness, has been
set up, and the masses Of the peOpe,
the merchant the manufacturer and the
farmer. have received command from
the national bOndhOlders Of sO-called
ChrisIendOm to fall down and worship
its golden majesty, saying, Long live
King God, to him be honor, and glory,
and dominion, now and forever; for 1t IL
he that made us, and not We ourselves,
and especially has made our masters the
enlightened bUndholders of the enlight-
enrd civilized world" Gold and silver
are placed on equal footing in Re Con
stIIutiOn of 1897. The silver dollar
equally with the gold dollar is our in
hprItance MS one people. mo State
shall make anything bat gold and silver
coin tender in payment OF debts 1t
is noticeable that this restriction is not
extended to the powers Of the Federal
Government. The silver dollar is the
dollar Of the people. We love it, Ms we
do the "Old arm chair in which our
mothers sat Mr.. Stewart says: The
silver question is a contest between
European bOndhOlders and the labOrers
of the world. The national banks Ofthe
United States are the allies OF European
bOndholders While the demOneti-
cation of silver would necessarily
destroy silver mining, that TACT
is of little consequence compared
with the disastrous effect it would have
upon society. 1t would destroy the
confidence of the masses in the good
faith Of their rulers. Nihilists, Social
lists. Communists and other disturbers Of
the public peace are pOwCrless so long
as the people believe substantial justice
will be administered under The present
systems Of government. The proposal
to demunetiZe silver is in violation of
existing contracts for the payment OF
money. 1t rmanates from bondhold-
ing directory in Europe. and its purpose
il to enhance the value of all obligations
for the payment of money. To appre-
ciate the designs of the bondhOlders and
to understand their motives in this war
upon silver, it is necessary TO consider
the bonded debt which they control.
The national debts of the world aggre-
gate over S2G. OOO, 100000, all of which Is
substantially controlled by small
European syndicate. Leaving out India,
China and Japan, MIR. Stewart eBri-
mates the bonded Indebtedness OF the
leading civilized nations at total Of
$4,000, OOO,OOO, putting their other in
debtedn,ss at $4,000, 100000. He says
not more than One-fOurth OF the popula-
ton are productive lRbOrers, Thess
laborers must pay the annual interest.
At the time the several bonded debts
ha To
pay in gold or silver at the option of the
debtor. If silver is to be Withdrawn,
the contract will be changed and the
debtor mi red b, having 10 pay in gold
at greatly advanced value. owing TO
the dIminuiiOn of the amount OF the cir
Culatiug medium. 1.-The various excuses
put forth lay the bOndhUlIers for the de-
muuctization Of silver are insulting TO
the understanding Of mRnk nd. They
LAY they prefer gold because II is more
convenient than silver. They might as
well tel us that they prefer platinum
because it j. mere convenient than gold.
It il not question of convenience; IL 10
question of common hone ty. The oh
jrCt Of demOnetizing silver cannot be
concealed 10y such sham pretenses; II ts
to enhance the value of Securities
The effort nj demOnetiZing one
Of the precious metals In the in
lprcst of the b ndhOldprs. COM
mpnced some thirty years ago. The
purpose was boldly declared to be to
increase the va ue of bonds. In 1857
Germany and Austria demOnetlZrd gold.
Germany afterwards fell into line. and
the United States also against silver,
MIR Bayard. Secretary of State. by order
Of the President in May last, sent Mr..
Manton Marble, mono-metallist to
Europe tor the Ostensible purpose Of es-
tablisning internationally the bi-metsl-
lie money. American ministers were
requested to assist Mr.. Marble in his
mission. After receiving the infOrma-
ton furnished by Mr.. Marble in aid of
the wolf in his scheme TO devOur the
lamb, President Cleveland in his mes
sage to Congress. boldly recommends
the utter decentralization Of silver. Mr..
Cleveland, being our Democratic Chief
Magistrate after long interval of Re-
publican rule, and having shown kind
ness towards the South. we restrain Sc
verify Of criticism for this thing; IN
which his party or the true democracy
Of the nation, differs from him toto