The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-07-11
A Gold Bug Candidate.

Perhaps no part of the republican plat
form better illustrates the hypocrisy and
false pretenses of its trainers than its pro-
LESSONS and practices in regard to silver.
1t reads:
The republican party is in favor of both gold
and silver as money, and condemns the policy
of the democratic administration in its efforts
to demonetize silver.
And yet they unanimously nominate for
the Office of viee-president a prominent
monometallist who has, or lately had, a
banking house in London.
On the 10Th day of May, 1879, (see Con-
greSsiondt Record, first session, forty-sixth
congress, page 1869, the Hon. Levi P.
Morton, then member of congress from
the city of New York, made speech pro-
testing against the passage of bill then
before the house, providing for the I'M
limited coinage of silver, in which he not
only denounced the proposition as repudi-
alton and fraud, but spoke of the bill of
rs which had passed, as one that had not
only done no good but had made all prop
|erty values insecure, because the quantity
or value OF silver bullion in the dollar
was not equal to the value of the gold
!bullion in the gold dollar at the market
rates in London. His language was as
follows:
/ believe, sir and my constituents believe
that this bill means to-day the repudiation-
|pure and simple-of one-sixth part of all in
|debteuness, public and private; what the
measure Of Reputation in the future may prove
to be, will be determined alone by the future
value of silver bullion.
Are the interests of the people to be advan-
ced by adding to the colossal wealth of the own
ers of silver mines or discriminating in favor of
this class of property owners? VIII the dollar
stamp of the United States upon 81 cents of
silver belonging TO private individuals add TO
the wealth of the nation of the private indi-
vidual the owner OF the bullion. Has the late
coinage OF silver in excess OF the amount which
has been used as circulating medium now
|stored in the vaults of the treasury, added to
the prosperity of the country? Every one will
Ianswer no.
II this bill is to become law, it is inevitable
THAT the country will be drained sooner or
later of its gold coin and bullion, and that
silver will become the sole unit OF value, and
that instead of double standard, we will have
q single standard, and that of silver.
If this bill is to become law the German
government and all who have silver bullion,
the world over, will pour it into minis to
receive for every 81 cents a legal-tender silver
dollar; they will make by this simple process
nearly 20 per cent, and our own people who
will be Obliged to receive the coins as legal
tenders viii be the losers.
Coinage by the government is properly only an
official attestation of the weight and fineness Of
the metal stamped or coined. A silver dollar
thus attested to-day should contain 1915 grains
as the equivalent of gold dollar. The pre-
sent value Of silver bullion in London is about
80 pence per ounce; until il is worth 90 or 90
pence the government should have the profit,
If the fraud of stamping 81 cents as worth q
hundred is 10 continue -
| . II this bill is to become the law Of the land
Its title should be changed 10 read can act