The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-10-28
A THuNDERBoLT.


A THuNDERBoLT.
The Rocky Mountain News Files the Track
and Will Not Support Either Cleveland
or Harrison.
The Rocky Mountain News, the lead
Ing democratic paper of the Rocky
mountains, has declined to support MI.
Cleveland. In the following editorial
It gives the reasons for it's course:
The oppos. ton of the News to Mr.. Cleveland
does not aric, out of any question as to his
ability or CHI 'acter. That he is q splendid typo
81 the selflAlde vigorous American. is con-
seded That he is aggressive and tenacious to
secure success for all public measures upon
which he his convictions is the verdict Of the
publ1c and were 1t not that a matter of prin.
ciple-one vital 70 the American people and ia
The prosp rity Of this state interfered, the News
would acc ~ his nomination and hail his selec-
lion as Splendid benefcence to the country
The monty problem IS, by far, the most i'm
portant one that remains unsettled. AS com.
pared to tafis, so far as the result Of the ulti-
mate rightf solution of either is concerned,
chat OF money and its coinage is the great light
Ind heat giving sun to the smallest OF the stars
That stud the midnight heavens Tariff Is a
nero matter Of schedules. Both parties admit that
autaes must De teciet, and the only question Is,
Upon schot and at schat rate shall they be imposed.
70 American industries is also question of de-
gree, Tor both parties have at least until the
recent democratic convention, admitted that 1t
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 coun-
try's prosperity II money is sound and album
nant business Is active, employment plenty,
enterprise accelerated and fair returns received
for all OF labor's products. # it is Scarce how
ever sound, the opposite conditions exist and
depression and gloom appear on every hand
The money OF the world is the coin metal and
the bullion when free coinage of it exists Pa
per money, whether issued by the state or cor.
poratlonS, and all other forms of credit must be
based upon coin money.
This is the only money of ultimate redemp-
ton All sound credit money is founded upon
coin money, and confidence-c that it
Will, when asked, be redeemed in coin. Coin
will carry safely only a certain amount of credit
money 10 reduce the coin money of the world
by legislation or humiliation, if that were pos
slble must reduce the sound credit money in a
corresponding degree and as it is so reduced
the evil effects of scarcity Of money are i'm
mediately experienced.
The power of concentrating millions has with
In comparatively short time been invoked to
destroy one-half the coin money of the world
England Germany and 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, out 1t has been added to the already
existing mountain of credit money to be borne
up by the greatly depleted base This has nee
essarially lessened values. Property and labor
OF all kinds except where exceptional condi-
lions exist, have fallen and the demand for
them has become sluggish.
owners of property daily become poorer, the
reQuital OF labor is diminishing and financial
distress is apparent everywhere. Because one
half OF the worlds redemption money has been
deprived OF the essential quality to it's value
all money has been made dearer that ia the
owners OF it will get much more property and
labor in exchange for it tina. before the changes
occurred and the man with labor for hire and
the owner OF propC-ty for sale must take cor
.respondingly less for them
This Is the result Of silver's demonstration
everywhere. Such tremendous evils are enough
to engage the best efforts Of mankind to abolish
them But there are other evils local to the
country in which silver is mined, that add con-
Sp1cuously to the burdens its people must bear
Colorado is a fair illustration of a country
suffering under these additional evils The low
price to which silver has been reduced is clos
ing mines and lessening the miners wages
since 1873, through demonstration, Colorado's
people have been deprived of S125, OOO, COOLEST
IN the fall of silver from ST. 20 per ounce to SO
cects- This year alone, its loss from this cause
will be not less than S10,OOOOO0. When these
facts are appreciated it must be clear that to
the people OF Colorado the greatest and most
vital issue by far is that Of the restoration of
tree coinage to silver, and for that all party al
lance should be severed if relief cannot be had
through party, until the reform is secured
The presidency is the pivot upon which the
success or defeat Of the cause must turn. Con-
Tress has stood ready for nineteen years to re-
store free coinage if the country's presidents
had been favorable. The defeat has invariably
come either through adverse circumstances Or
from the White house Until president favor
able to it is elected. free coinage is hopeless
The opposing candidates are determined and
Avowed opponents Of free coinage The plat
forms upon which they were nominated impose
NO moral obligations upon either to sign free
scoinage BILL therefore we know neither will do
So even SHOULD congress pass one.
This being the incontestable truth, the News
guided in all tntugs by its convictions cannot
support the candidacy Of either. The News has
the courage OF its convictions and will not hest
tate to maintain it. Whatever presidential
candidate it advocates must be pledged to ap-
prove free coinage bill Fer it to do other.
wise would be to cheat the people, and this it
will not be guilty OF.
Time will point out q path. In Gods provi-
fence the right will find way to triumph Let
the democrats and republicans OF Colorado
who love their homes and the states prosperity
better than they do the fortunes Of any candi
dates, hold fast to independence that they may
travel that path when it is opened