Omaha daily bee., 1892-06-25

midnight heavens. Tariff is mere matter
of schedules. Both parties admit duties must
be levied, aud the only question is upon
what and at what rate shall they De
imposed. Tnc question Of protection-incl-
dental or direct to American industries-ls
also question of degree for both parties,
have at leaat 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 tarih.
1t Is OF higher Importance, and lies Mt the
very foundation Of the whole problem oil the
country's prosperity. If money is sound
and abundant, business is active, employ
ment plenty, enterprise accelerated ana ialr
returns received for all Of labor's products.
IL it is scarce. however 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 III
exists. Paper money, whether issued oy
the state or corporations, aud all other forms
of credit must be based upon coin money.
This is the only money of ultimate redemp-
tion. All sound credit money is founded
upon coin money confidence-conhdence that
1t will when issued be redeemed In coin
will carry safely on n certain amount oil
credit money. To reduce the coin money OF
the world oy legislation or annihilatiob, II
that were possible, must reduce the sound
credit money in corresponding degree ana
as 1t Is so reduced the evil effects OF
enced.
THE power Of concentrated millions has
within comparatively short time been In
voked 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. il is placed upon par
with credit money. The one-half of the coin
money has not only been made credit money.
already
mountain OF credit money to be borne up oy
the greatly depleted base. This has
necessarily lessencd values. Property and
labor of oil kinds, except where
exceptional conditions exist, have fallen and
the demand for thom has become sluggish.
Owners of property daily grow poorer, the
requital of labor is diminishing and financial
distress Is apparent everywnere. Because
one-half of the worlds redemption money
| has been deprived OF that essential quality
| to its value, all money has been made dearer,
that is, The owners of it will get much more
| labor in exchange for 1t than before the
change occurred and the man with labor Tor
| hire and the owner of property for sale must
| take correspondinglv less for them. This
is the result Of sllver's demonetization every
| where. These tremendous evils are enough
to engage the best efforts of mankind TO
| abolish them. But there are other evils
| local TO this country in which silver is
mined that add conspicuousy TO the bur.
| dens its people must bear.
| Colorado Is a fair illustration OF coun'
| try suffering under these additional evils.
| The low price TO which silver has oeeu re-
| duced is closing mines and lessening the
| miners wages.
''Since 1878, through decentralization, Colo
| RADIOS people have been deprived OF Sl25,-
| 900 000-lost in the fall of silver from 81 .2s
| per ounce to SO cents. This year alone its
Sl0,000,000. When these facts are appre
ciated it must be clear that to the people ot
Colorado the greatest aud most vital issue
by far is that OF the restoration OF free coin
| age OF silver, and for that all party alliance
shouli be severed, if relief cannot be hac
through the party, until the reform is
secured.
1.-The presidency is the pivot upon which
| the success or defeat of the cause must turn.
| Congress has stood ready for nineteen years
to restore free coinage if the country's presi
dents had been favorable The defeat has
| invariably come either through vetoes or ad
verse influences from the white house. Until
| president favorable to 1t is elected free
| coinage Is hopeless.
"Mr Cleveland and Mr.. Harrison
the opposing candidates-are deter
mined and avowed opponents of fret
coinage. The platforms upon whict
they were nominated impose no moral ooli
cations upon either to sign free coinage
bill, therefore we know neither will do So
even should congress pass one.
",This being the incontestible truth tn
News, guided in all things by its convictions
cannot support the candidacy of either. Tn
News has the courage of Its convictions ant
Will not hesitate to maintain it Whateve
presidential candidate il advocates must b
pledged 10 approve free coinage bill. Fo
it TO do otherwise would be to cheat the pee
pie and this it will not be guilty OF.
Thine will point out a path. In God
providence the right will find way I
| triumph. Let the democrats and repu blican
of Colorado who love their homes and tn
states prosperity better than they 90 tn
fortunes of any candidate hold fast 10 in
dependence that they may travel that pat
| when IL is openedp -