Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1891-08-29

worlds silver, The silver producer might
/ be benefited, but the silver user never.
| If there is to be any profit in the corn
| age of silver il should go< to tue govern
ment. 1t has gone to the goyernm emit ever
since the Bland Allison act This new
/ declaration would take i, from the govern
ment and give it to the silver producer
! Now, the people know that if we had
| two yard sticks, one tree Ell in length
/ and the other two and a half feet IN length,
| the buyer would always have his goods
measured to him with the shorter stick.
and that the longer stick would 90 into
1 permanent disuse 1t is exactly so with
money. 4 l00-Cent dollar would 80 ont OF
circulation alongside of an S0-cent dollar,
/ which is a legal tender by the fat OF the
government. And no class Of people will
! suffer SO much as the wage-earner and ag-
riculturist II il is tie farmer you would
benefit there is one way to do it. Make
the busEei measure, with which he measures
his wheat for the buyer, three pecks instead
of four.
How to Maintain Free Coinage.
am il favor of the double coinage, but
am II. Z in favor Of the free and unlimited
coinage Of silver in the United States, un-
u the nations of the world shall join us
| IN guaranteeing TO silver a status which
their laws now accord to gold. The
double standard implies equality a a ratio
and that equality can only be established
by the concurrent laws of nations. Ii twas
the concurrent l77 of nations that made
the double standard; it will require the
concurrent law of nations to reinstate and
sustain H. Until then for MS to decree the
free and unlimited coinage Of the world
silver would ordain that cur silver dollars
would surely depreciate and gold would 60
to premium.
Silver and the Soldier
Besides teing against a depreciation of
our currency, on principle, and for the
reasons stated, ! still have another reason,
which, If it stood alone would be con-
elusive 10 my mind and would place me
in opposition to toe democratic scheme of
putting in circulation a short dollar The
money creditors Of the government, which
include the bOndholders and those who
loaned their money to the government in
time of war; have been largely paid of,
and IN every instance paid off IN the best
money of the country. The principal
creditors Of the government today are not
The bOndholders. nor the men of capital
and means, but the soldiers who fought
the battles Of the union in the most sacred
and stainless cause in which mankind has
ever engaged. In 1867 the government
owed to its creditors, whose evidence of
Indebtedness was in the form of bonds,
$4,000, 000,0 co., upon which it annually
paid in interest alone, SAB 7Sl 900. The
pension roll of the country was then but
$50, 935, 900. When the attempt was
made at that time by the leaders of the
party that now stands in opposition TO the
republican party to repudiate the debt to
the bondholder or pay it Oft in deprecated
currency, insisting that we could never
pay it in full, the soldiers stood with the
party which represented good faith to its
creditors and honorable payment of every
obligation, and swept back the tide Of in
tation and reputation,
Ohio for Honest Money.
Ohio has never in the past given her vote
for debased currency, and she will not
do so in the future.
When the country was wild for imitation
in 1875, under pressure of hard times land
they were hard), the sober sense of the
people OF this state, without regard to
party, stemmed that awful tide. The peo-
pie OF Ohio had more to do than any other
state or constituency of the Union In keep
ing the nation upon the rock of honest
finance and honest currency.
Thousands Of democrats helped in that
great struggle
On the subject Of the tariff, . the issue
is equally well defined The democratic
platform declares for a purely revenue
tariff, and will not consent that it shall
perform any other service. Duties must
be levied with view TO revenue and upon
those foreign products which will yield the
greatest revenue, and which will not, Incl
dentally or otherwise, favor domestic in
dustry and domestic labor. Its one mission
and one mission only is that of raising a
revenue.
A revenue tariff pure and simple such
as the dem ocratiet party of Ohio advo-
Gates, can benefit, and encourage, and
build up no domestic industry. 1t does
not encourage labor, save In foreign coun
tries. A revenue tariff has not IN our eX-
perience been a success even as an agency
for raisin the money required for public
purposes.
History Would Repeat Itself
anu iLAN II easily dNtpNilNNA AOA anu tAA7
tirely logical Commencing with the
country prosperous under protection the
democrats have enacted a revenue tariff,
ana the people Of the country, influenced
by The supposed and temporary profit,
buy foreign goods instead Of domestic
goods. They may be cheaper for the
time But this eventu8ies in the destruc-
ton of our industries, for 1t increases the
use Of foreign goods and encourages the
disuse of domestic goods and with the
disuse Of domestic goods come diminished
production at home and less employment
for home labor and finally no employment
at all, and with that comes poverty to
the people.
Ard then there inevitably follows direct
taxation, for the government cannot Sc
cure needed revenue from tariffs 10 meet
the public expenses il must resort to in
ternM taxation A protective tariff has
proven an unfailinR agent in raising pub
lie revenues, and while doing this IT has
served that other important office Of 70
adjusting the duties upon foreign goods
as TO give the largest protection 70 our
own industries. the widest field Of employ
ment to cur own labor. and the most gen