The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1890-10-16

growth Of little more than half =
CENTURY They exercise . cestaln
public function. They take charge %
the property Of lumber OF persons
who eotnprise y company, aud these
its offieers, clothed with authority
Of lay, manage, spend u, disbarse
%, take care Of &c or abuse u. No
one il more In favcr Of regulating
them by law than I. I introduced
a bill Into every congress In which /
sat to regulate all Of their actions by
law. They are the creatures Of law
aud should be subject 10 t. Messrs.
PETER, willets and Davis overlook
one important fact, however. While
the officers and corporations, offielal-
( ly, 10 O part OF the government and
I Justly subject in all things to the
I higher authority OF law, the proper
~ this corporation manages IL indi-
vidual property thst may belong 10
ten thousand Innocent persons The
body polite II one thing, the proper
IL they manage another. Mr.. Davis
did not hesitate 10 propose confisea-
| ton as the best method OF gettiog
possession OF the railroads and as
an apology for such 9 proceeding
suggests that they were largely own
ed by capital In Europe. This, how
ever, II not the case, although stocks
| aud bonds are to some considerable
extent owned there. To the ques-
| ton that widows and orphans might
have invested this property he had
the farther argument that these were
only foreign ridOtrs and orphans,
and we had no interest and did not
care for them, IL IL difficult 10 be-
lleve that such propositions should
be seriously proposed, or seriously
listened 10.
1 have said that all the platforms
favor the free coinage Of silver. 1
have always favored free coinage
and the maintainance OF the old
American double standard for sever
nj reasons. First. we are the great
est silver producing nation in the
world, and nj times our silver pro-
ductiou equalsrhat OF all other couu-
tries. BY maintaining silver colin
age we thereby prevent its demoEe-
| tiIation a. the money OF the world.
SO far IS coin circulation goes 10 IL
the money Of the working people
more than gold. IL In only great
CAPITAL holding and loaning nations
siugIe gold standard so as to enhance
the value of the obligations due them.
BY maintaining the double standard
we double and broaden the credit
basis OF all our financial system, aud
by this means place these United
States In the front rank Of financial
nations. England now enjoys the
monopoly of exchange. IL IL her
IL
day II not far distant, and ! want TO
see Il brought about speedily, when
these United States shall become the
financial dicstor among the nations,
her policy being sHpreme. Another
reason why favor free coinage IL be-
cause IL doubles and brOadens our
cuIn haste for paper currency. All
the platforms demand greater vol
ume of paper money; our dOuele
standard will enable IA Ia keep twice
a. much allnat. Suine Of these ora
tors aud LECTURERS" of the Peoples
party talk about making money" -
iG Il could Ice made and showed out
to all who want ID. IL this could be
done il would cease tu lie money. IL
must represent something. IL de-
ponds for its worth on its purchasing
power. Mr.. Davis, the other day gave
vivid description Of the mode Of
making paper money, rs IL the pro-
cess had anything to do with its val
ne. You put In your sheets and turn
q crank. aud 10! there was money.
He almost led his hearers tn believe
that n political crank by turning an
iron crank could become q million
aire. The philosophers stone and
the mines of Pntnsi were nothing To
-uch financial ideas. All that II
sheer nonsense. 4 paper dollar Is n
promise pay what? Simply n
dollar or dollars worth, and under
meath this lies the secret Of all sue
cassful financial operations with pa
per money. No nation or indlvid-
ual can he sustained In flooding q
country with deprecated paper la q
time ~ peace. The secret OF finance
IL that you only flnat what you can
keep at par with the double stand
ard. You don't want - cent or 10
ceHt dollars. The finAncier who
managt's your business is expected
TO have know ledge aud brains enough
to MAINTAIN your paper credits. 10
he fails the people will stamp him
under their feet. Another absurd
charge against the Republican party
Is made by MessTs. Willetts, Davis
add PETER. They sRy that this new
silver measure will demoraliZe the
silver coinage I'm 1881. These men
seem to hay" no adequate conception
OF the subject. Their swii platform
calls for free coinage but they do
not seem TO favor IT, What IL free
coinage? IL Is no; arbitrary coinage
Of q fixed sum per annuIn. The old
American system was for . man
who had any gold or silver TO take Il
TO the mint aud have 10 coined into
the stamped coin Of the country. At
one time coinage charge Eas made
but as other nations coined without
such charge the United States coined
free also, AMI . HAu pcul1 take his
bullion aud either get coin or bullion
ecftifiraies for u which latter passed
as money. ] had the honor when i
last represented you IN Congress to
be one OF the three members Of the
finance committee which framed aud
and passed through the House n free
coinage bill In 1873. IL simply re-
pealed the decentralization act and
restored the double standard as lt
had been. The senate, acting under
q fear that the silver producers
might profit by the operation,
amended the bill which has been
called the Bland bill. Under Its
operation the government bought
silver bullion and has ever since
been coming tw0ntY.fOuT millions
Of silver dollars n year. TheBe large
~ remained in the treasury aud we're !
rs8 ssa hNs aalN.nE aaFNi GaAfAa
which were Then made q legal ten.
der for all debts, public and PTivste.
This paper was n much more con- |
venient money. The bill Of this year !
which substituted the Republican |
Senate bill for free coinage, provides |
for the purchase Of four millions |
i've hundFed thousand ounces per
month when II can be purchased for q |
price not exceeding q parity in se-
eordance with our double standard |
with gold. That standard II lGis TO /
I. Under this bill u Is very rapidly |
u. The bullion IL de-
posted In the treasury n Il used TO
be, but there IL no compulsory coin
ago c! Q fixed amount after next
year, but the statement that there II
q characterization II false. A man i
can get silver dollars for all the sill
yer bullion he takes there IL he wants
them rather than the certificates.
II there n not enough silver dollars
coined the government under the
law II Obliged to coin them. No
one wants 10 carry silver when he
has silver paper which IL receivable
nj par, aud for which he
can &c. IL he wants IL legal tender