The morning call., 1892-07-04
THREE sILYEK pLANKs.

There are three silver planks now before
the people. The Republican plank is as
follows:
The American people, from tradition and In
tefest. favor bmetaism, and the Republican
party demands lie use of both gold and silver as
standard money, with such restrictions and up.
der such provisions, 10 be determined by lerisla-
tion, as Will secure the maintenance of the parity
of values OF the two metals, so that the purehas-
ing and cebt-paying power OF the dollar whether
OF silver, gold or paper, shall be at all times
equal.
he Interests Of the producers OF ihe county,
Its farmers and It's NoIkngmen- demand that
every dollar, paper coin. issued by the Gov
ernment shall be as good as any other dollar.
We commend The wise and patriotic steps already
taken by our Government 10 secure such an,
international conference TO adopt such measures
as viii insure parity of value between gold and
silver for use as money throughout the world.
This plank requires no explanation. II
declares for bimetallism and the use of both
gold and silver as standard money when the
dollars OF the two metals can be maintained
at parity. The Democratic plank denounces
the method adopted by the Republicans to
bring the two metals TO parity in the
present ratio. This is their resolution in
full
known as the Sherman act of 1890 as a COW
aIdy makesbift fTaught with possibilities Of
danger In the future which should make all It's
supporters, as well as author, anxious for its
speedy repeal We hold 10 the use OF both cold
AID silver as the standard money Of the country.
aud to Tie coinage OF both gold and silver with
cut discriminating against either metal or any
charge for mintage; but a dollar unit of coinage
of both metals must be OF equal intrinsic aud ex-
changeabe value be adjusted by interna-
tionai agreement or by such safeguards OF legis-
lation as shall insure tile maintenance OF the
parity OF the two metals aud the equal power
OF any dollar al all times in the market and
in the payment OF debts. and we demand that
ali paper currency shall be kept at par with
aud redeemable in such coin. We insist upon
this policy as especially necessary for The pro-
lection OF farmers and Of the laboriBg classes
the first and most defenseless victims of unstable
money and fluctuatlng currency.
This plank does require explanation. TIE
bullion in gold dollar is worth 81 cents
more than the bullion in q silver dollar.
While this difference 10 commercial value
remains, how are dollars Of the two metals
to be made Interchangeable? The Demu-
Gratis say that the dollar unit OF coinage of
both metals must be Of equal intrinsic and
exchangeable value, but do not point out
the method by which that result may be
attained. They denounce the Republican
method, but suggest none TO take its place.
The Peoples party declare outright for
free silver coinage. Their silver plank
says:
We demand the free and unlimited coinage of
silver and gold al The present legal rate OF lG
to1.
OF course this means the silver standard.
III can mean nothing else. People will not
pay out 1o0-cent dollars when G9-cent dol
lar will serve the same purpose. Tie silver
dollar will be worth no more after free
coinage than it is now, but II will he the
standard dolar-the dollar OF general bpsi-
ness. Gold will become commoditv
When needed for certain purposes It win
be bought. No owner Of gold dollars will
exchange them for silver dollars at a les,