The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-06-25
WILL NOT SUPPORT CLEVELAND.
Tho Leading Paper of the Rocky Mountai
States Bolts the Democratic Tickst

Tho Leading Paper OF the Rocky Mountain
States Bolts the Democratic Ticket.
DENVER, Col, juno "a The Denver
News. the leading Democratic paper of the
Rocky mountain States, has declined to
support Mr.. Cleveland. In the following
editorial. to be published tomorrow. 1T
gives the reasons for it's course:
THE opposition of the News to Mr.. Cleve-
land does not arise out OF any question as
10 his ability or character. That he is q
splendid type of the sef-made, vigorous
American, is conceded. That ho il aggres-
sive and tenacious To secure success for all
public measures upon which he has con-
victions is the verdict of the public; and
were it not that matter of principle-one
vital to the American people and to the
prosperity of this State-in terfered, the
News would accept his nomination and
nail his election as splendid benefcence
to the country.
"The money problem is by far the most
important one that remains unsettled. As
compared to taritf-so far as the result of
the ultimate rightful solution of either is
conoerned-tbat of money and it's coinage
Is as the great light ana heat-giving sun to
tho smallest of the stars that stud the mid
night heavens. Tariff is a mere matter of
schedules Both parties admit duties must
be levied, ana tho only question is upon
what and at what rate shall they be i'm
posed. The question of proteetion-inci-
dental or direct-to American industries is
also question 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 tar
iit. 1t IL of higher importance and lies at
the very foundation OF the whole problem
OF the cOuntry's prosperity. If money is
sound and abundant business is active. en-
ployment plenty, enterprise accelerated
and fair returns received for all of labor's
products. If ii is scarce, however sound,
the opposite conditions exist and depres-
sion and gloom appear on every hand. The
money of the world is coin metal and the
bullion when free coinage of it exists. Pa
per money, whether issued by the State or
must be based upon coin money. This is
the only money of ultimate redemption.
All SOUND credit money IS founded upon
coin money and contdence-confidence
that it will, when asked, be redeemed in
coin. Coin will carry safely only certain
amount of credit money. To reduce the
coin money of the world by legislation or
annihilation, If that were possible. must
reduce the sound credit money in a corre-
sponding degree, and as it IL go reduced the
evil effects of a scarcity Of money are I'M
mediately experienced.
The power of concentrated millions has
within comparatively short time been in
vOked 20 destroy one-half the coin money
of the world. England. Germany and other
European nations with the United states.
have declared by law that silver shall no
longer be redemption money. Itself is TO be
redeemed in gold. 1t is placed upon q par
with credit money. The one-half of The
coin money has not only been made credit
money. but IL has been added to the
already existing mountain of credit money
10 be borne up by the greatly depleted
base. This has necessarily lesscned 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 grow poorer. the requital of
labor is diminishing and financial