Los Angeles daily herald., 1888-07-02
And All the Same ssthe World Does
M

after having been made to recant his
supposed heretical theory Of the worlds g
movement around the sun. And Of this
tendency to movement in mundane as in
planetary things we are certainly re-
minded by the following words in the po-
litical "platform" recently adopted by
the Republican party, formulated on
last Thursday, to-wit
"The Republican party is in favor OF
the use of both gold and silver as money,
and condemns the policy of the Demo-
cratic Administration in its efforts to
demonetize silver"
Recalling that the acknowledged lead
ers of the party in question in 1873 pro-
posed and carried through Congress the
coinage act by which silver was ignomin-
iously discharged from the monetary
service of the country, with degradation
from the rank of a money metal in the
commercial world-a demonetization
and degradation which received the ap-
proving signature of a Republican Presi-
dent-we cannot but regard such words
from such a quarter, as one OF the most
remarkable instances known to human
history OF evolution, gyration and
trochilic movements, as Senator
Ingalls,, with his opulent vocab-
ulary might be expected to describe it.
But especially must this be the aspect Of
such words, in the face of the further his
torical facts that, four years later, it hav-
ing been proposed in Congress to restore
"the use Of silver with gold as money"
in the United States as full tender money
in the form OF the Benton dollar of 412%
grains of standard silver, Mr.. James
G. Blaine, then a Senator, opposed the
measure with characteristic address, not
only as it had passed the House of Rep
resentatives, but as finally amended and
passed in the Senate-his vote being cast
against it, as also subsequently against
it's passage over the Presidential veto; a
veto by Republican President, notori-
ously, under the advice OF his Secretary
of the Treasury, John Sherman, who at
the present writing is receiving much
the largest number of votes in the Chi
cago Convention as yet cast for any one
aspirant for the Presidential nomination.
1t is true, Mr.. Sherman processes to be
in favor of the fuse of silver and gold as
money" but silver deprecated to ratio
of about 211s ounces Of it as the equiva-
lent of one ounce of gold notwithstand-
ing silver is now held by the four great
est banks of Europe to the extent of
SAL ZOO, 900 as concurrent legal tender
with gold at the ratio of 15% ounces of it
equal to one ounce Of gold. 1t
is true, also, that Mr.. Blaine, while op-
posing the coinage Of a dollar of 4121s
grains of standard silver, expressed
willingness to have dollar of 425
grains of standard silver. Therefore, we
must inquire, does the resolution we
have cited mean, perchance, "use Of
silver with gold as money" on the Sher-
man basis Of the value of silver in the
London market, or, mayhap, that of the
Blaine dollar of 425 grains of standard
silver; or, indeed, the fuse Of silver with
gold as money" as prescribed and
restricted in the Coinage Act Of 1873, to
a legal leadership for the sum of $5 in
any lone payment" As it stands, the
resolution admits of either construction,
but it is true to history to add that
the distinguished gentleman who pre-.
sented the platform" to the Conven-
ton, the Hon. VIM. Mckinley, Jr.,
greatly to his credit, in 1878, voted for
the coinage act as it originally passed the
House Of Representatives, Of which,
then as now, he was one Of the ablest
members he voted for it as it came back
to his House amended in the Senate and
finally voted to pass it over President
Hayes veto, as it now is the law of the
land. Nevertheless, the people of the
mining States are entitled to an early ex-
PLANTATION, whether or not the resolution
we have quoted means the confraternity
of silver with gold as money at the ratio
of 16 to Ii Financial in Mining Record.