The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1891-09-05
McKinleyism.

render it.
McKinleyism.
Major Mckinley is great man
The republican party is in favor q
free silver coinage. The republican
press is unanimous on these two
propositions. In his opening speech
in the Ohio campaign Major Nc
Kinley said, two weeks ago: 1.-THE
free coinage demanded by the dem
ocratic platform means that all the
silver in the world can be brought
to the minis of the United States
and coined at the expense Of the
government; that the United States
minis must receive 4123 grains Of
silver, worth so cents the world
over, and coined there for silver dol
lars which by the fats of the gov.
ernments are to circulate among
the people as full dollar" These
words out of the mouth of a states.
man are not only astonishing, they
are discouraging; for if such blum
dering dolts lead what must be the
mental state of their followers
There is nothing now, and never
has been, to prevent all "of the
silver of the world being brought
to our minis for coinage except the
fact that nearly all countries coin
silver at a higher valuation than
we do. In the states of the latin
union, in British India, China and
Japan, the difference in favor of
silver coinage is about 8 per cent,
and there is little danger that those
countries, which hold seven-tenths
of the worlds supply of silver, will
bring it here to be coined at loss
of 3 per cent.
Four hundred and twelve and a
half grains is not worth 80 cents
the world over" as Mr.. Mckinley
asserts, but only in the United
States, and it is worth only 50 cents
in the United States because repub-
lican legislation purposely and
wickedly degraded it from money
metal to a merchandise, at the be-
hests of the creditor class, and for
the corrupt purpose Of enriching
that class at the expense of labor.
Repeal that fraudulent law and silver
will at once advance to it's normal
coinage value of 1919 cents per ounce.
There is no such thing as money
of the world. "The fiat of the gov.
ernments" could not, therefore,
avail to make a dollar circulate
among the people as full dollar"
whether it was gold, silver or paper.
The law makes money but the law
of one country cannot make the
money of that country money in
any other country. For instance,
the money Of the United States is
bullion in all other countries, and
this an ex-member of Congress
should know.
Speaking of his tariff bill the
Major was equally infelicitous. He
misunderstands the char
acter of his own handiwork, and
misconceives its results. On this
subject he said: "a revenue tariff
fails to supply the revenue wants
OF the government. The failure oil
the government to secure sufficient
revenue would result in direct tax
alton" And in this he is correct.
This is just what his bill was in
tended to obviate, as direct taxation
tends to equal taxation, and were
it permitted Mr.. McKinley's sup
porters would lose the votes of the
protected classes and of those whom
they vote in their interests. The
safety of both Mckinley and his
lies in class taxation,
and few know it better than the re-
doubtable Ohio Major. But when
the great statesman says: IA pro-
|ective tariff which keeps the treas
ury full OF money builds up the
industries of this country and furn-
ishes employment for labor and at
better wages than can be procured
else or under any other
SYSTEM" he is either in deep water
Or juggling with truth to deceive
his audience. Money in the treas
ury is money boarded, and money
boarded neither builds up indus
tries nor employs labor. On the
contrary enterprise flags and labor
is idle whenever the money of a |
is taken out of circulation
but when money is plentiful in the |
hands Of the people when the vol
nme of circulation is the greatest, |
hen enterprise is active and every |
aborer employed. This is history |
and universal experience.
The Butcher E'ugitlve.