Arizona weekly citizen., 1891-06-27
HONEST MONEY.

The plank of most importance III the
Ohio Republican platform, says the
| Globe Democrat, is the one declaring
| in favor of a sound and stable currency,
| and the use OF both gold and silver rs u
| basis thereof. That is cardinal repu6-
| lican doctrine, and can lot be safely de
parted from under any circumstance.
The question OF the circulating medium
with which labor and products are paid
for is one of the most important III our
politics. There are no arguments in favor
| of the initiation tn, o Y that will stand a
moments careful and logical consldera-
''the prople want good money and plenty
of it-money Of equal value, SO that Il
dollar will be the same whether it is
made of gold or silver or paper" The
kind of material does not matter so long
as its purchasing power is up TO the best
standard. But in order to maintain
that uniformity Of value it is necessary
TO limit the volume Of different forms
OF currency, and 10 be sure that the
basis is adequate AMI permanent. This
Is the fatal objection TO the free coinage
uf silver or the superabundant increase
Of paper currency. The advocates CT
lese experiments Go not stop to think
how easy the present conditions Of Sc
curity might be changed by pushing
the circulation beyond prudent and
reasonable limits, thus substituting bad
money for good and unsettiing property
values OF every description,
We are now blessed witl Il currency
system that is unexcelled in the world.
Our national credit is equal, if not sup
erior, to that OF any other country; and
this superior credit is due IN large
measure TO that admiral system OF prov |
Hing first class money for all the pur-
poses of trade aid industry. We have |
had such money since the resumption |
of specie payments IN January, 1879 we |
can have it always by needing the les |
sons Of experience and and perpetuatIne |
the policy under which our prosperity |
has exceeded all precedent. More cur
rency will be needed and should be pre-
vided as time passes and business IL
creases, but We Go not want it in floods |
OF irredeemable coins or notes. We
want, as Maj Mckinley says, circula
ting medium that shall be secure from
discount or huctuation, "Eot only good
among ourselves. but wherever trade
e Stends," and that want can be supplied
without taking any risks or irflictipg
any damage upon any class of citizens.
" The laborers and farmers give the oest
they have" to quote again from Mai
latest speech, "aIid they
hould receive tie best Of money for
their work and products" THIS cannot
be if we depreclate the currency anc
aud put forth dollars Of unequal value.
II we fill the channels Of commerce with
money OF different values. the cheapest |
takes precedence with the rest and al
operations are conducted With il. Tn,
party has consistently al6
reso,uiely opposed that method Of deal
ng with that problem. Il is the part,
Of honest money, which means money
d unifJrm value and general acceptance
os all nations. BY its efforts
money Of that kind has bser given tc
the people; and by lis efforts, sucT
nonev viii ba continued SO long as ii |
shall letain the power to defeat schemes
If initiation aud 10 prevent processes OF
so called reform that lead inevitably 10
disastrous results.