The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-07-01

per or the Rocky mountain STATES has
declined 70 support Nj. Cleveland In
the following editorial 10 be Published
Tomorrow, it gives the reasons Tor its
curse:
s.Ths opposition Of the News to MI
Cleveland does not arise out Of any
question as to ilis ability or character.
That he is "a splendid type Of the self
made, vigorous American, is conceded
That he is aggressive and tenacious to
secure success for all public measures
upon which he has convictions IS tbs
verdict Of the public; and were it not
that a matter Of princiPie-One vital
to the American people and to the
prosperity of this state interfeTed, the
News would accept his nomination aud
hail his selection as splendid benii-
cence to the country.
The money problem is, by far, the
most important one that remains nm
settled. AS compared to the tariff, so far
as the result of the ultimate righttul
solution of either is concerned, that OF
money and its coinage is the great light
and heat giving sun 10 the smallest
Of the stars that stud the midnight
heavens. Tariff is Il mere matter OF
schedules. Both parties admit that
duties must be levied, and the only
question is, upon what and at what
rate shall they be imposed The qses-
ton Of protection, incidental or direct,
TO American industries is only ques-
ton Of degree, for both parties have,
at least until the recent democratic
convention, admitted that it should
exist, and in legislation have acted
along these lines.
But the question Of money is before
tariff. It is of higher Importance and
lies at the very foundation Of the
whole problem of the country's pros
perity. If money is sound and abund-
ant business is active employment
plenty, enterprise accelerated and fair
returns received, for all labor products.
If it is scarce, however sound, the oP-
posite conditions exist and depression
and gloom appear on every hand.
s.The money Of the world is the coin
and the bullion when free coinage OF
it exists. Paper money, whether
issued by the state or corporations, and
all other forms Of credit must be based
upon coin money,
This is the only money of ulti-
mate redemption. All sound credit
money is founded upon coin
money and couGdeuce-conRdence that
it will, when asked, be redeemed in
coin. Coin will carry safely only a
certain amount Of credit. To reduce
the coin money Of the world by legis-
Iation or humiliation, if it were posi-
BILE, must reduce the sound credit
money in a corresponding degree. aHd
as it is so educed the evil effects Of "a
scarcity of money are Immediately ex-
perienced,
THE power of concentrating mill
ions las within comparatively short
time been invoked to destroy One-half
the coin money eff the world. England
Germany ana other European nations
with the United States have decreed
by Law That silver shall no longer be
redemption money. Itself is to be
redeemed in gold. It is placed upon
par with credit money. The one-half
of the coin money has not only been
made credit money, but has been add
ed TO tile already existing mountain of
credit money to be borne up by the
greatly depleted base. This has nee
essarilly lessened values. Property
and labor Of all kinds, except where
exceptional conditions exist, have
fallen and the demand for them has
become sluggish.
Owners Of property daily become
poorer, tile requitaI of labor is dimin-
ishing, aud financial distress is appar-
sut everywhsrs. Because One-half the
worlds redemption money has besn
deprived of the essential quality to its
value, all money has been made dearsr,
that is the OWNER OF st will get much
more property and labor in exchange
forit than before the changes occurred,
aud the man with labor for hire and
the owner Of property for sale must
take correspOndingIy less for them.
''This is the result OF silvsris dsmOH
etiZatiOn everywhere. Such tremend-
Gus evils are enough to engage the best
efforts Of mankind to abolish them.
I3ut there are other evils local to the
country in which silver Is mined, that
add eOnspicuously to the burdens its
people must bear.
Colorado is fair Illustration Of the
county suffering under these addi-
tional evils. The low price to which
silver has been reduced IS closing
mines and Iesseuing the miners wages.
Since 1873, through decentralization,
Colorado IS people have been deprived
of 1925, 900 ,0OO-Icst in tile fnll Of sill
yer fg8n sI.29 per ounce to SO cents.
This year alone, its loss from this
cause will not be less than $40 ,OOO, 600.
When these facts ure appreciated It
must be clear that To the people OF Col
oradO the greatest and most vital issue
by far is that of tie restoration OF free
coinage to silver, ana FOR that all
v..,1-tu alliance sI,or1fH- Isa ss.araH IL