The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-16


GU In response to the solemn pledge
.;aen in this platform, it is pro
ssossd by the pending bill to repeal
ppuuconditionally the Only law au-
.horzing the coinage of dollar of
liver . to be found on our statute
h NM and in doing so, to erect the
s;ncle gold standard, discsrding and
,siecting silver. Pledged to bimet,
sliism, we propose to establish
mopometallism. Pledged to the
. canal use of gold and silver, and
os ~ redeemable at par in the coias
# both metals, we deliberately fal.
sfy the pledge by abolishing the
coinage of silver and providing for
that Of gold alone. We are driven
by no necessity to thus violate the
solemn promises of the Democratic
marty to the people. If they are
thus violated and broken, the act is
purely voluntary one, and utterly
without justification or pallia,ion.
There are well.established prece-
dents in the history of this govern.
ment under which our platform
pledges can be surely and safely re
deemed. The free coinage of silver
m it existed prior to 1873, at the
present ratio, it is believed By the
great majority of the best thinkers
II this country, would in very
short time, by bringing down the
value of gold and raising that of
lrsr, bring these metals together
b substantial parity. Safeguards
Legislation, it is confidently be-
Esved, could be brought to the aid
Of such gu act in way to insure
the desired result.
A decrease in the number of
grains OF gold in the gold coin, or
az increase in the number Of grains
of silver iu the silver coin, or a de-
crease in the weight of the gold and
an increase in the weight of the
silver coin, would bring them to
parity. The gold eagle 40 dollar
piece) as established in 1892, con.
tsiDing 27o grains of standard gold,
was in 1884 reduced to 25s grains
Of standard gold. The silver d liar
Established as the unit of value in
lI92, containing 416 grains of
ltandard silver, was in 1887
banged to a dollar, the same we
bw have, of 4l2l grains of stand
lrd silver.
1t is no new thing to change the
bio OF the metals to each other.
why can we not change it no y, a1d
for convenience reduce the nu Der
|of grains in the gold coin, leaving
sthe silver dollar, as at present,
with ll2 grains of stand ard silver
|G Did is oveIvalued about 40 per
cent as compared with silver and
|other commodities, and subtrac
|tion of part of This overvaluation,
by reducing its weight, would H.
store the proper equities between
debtors and creditors, and raise the
prices of all commodities from their
TO fair and conserva.
tive level, while producing parity
between the metals, as the parry is
pledged to do.
When congress possesses the
power and the Democratic party
holds the majority to do, and do
suely and we'll, that which the
American people have been prom.
hsd shall be done, shall the wishes
,ud demands of the people not be
pnsidered and some eff ort made to
pmply with the promise? 1t seems
Vt l warn Democrats that the
eople will be heard from later.
We are told by the advocates of
Ibis bill, or at least by the leading
ones among them, that we must
pass this bill and adjourn and go
home; that nothing more is needed
% be done, except to pass a bill
Already favorably reported provid.
ing for the issuance by the national
banks of 100000, 900 bank notes,
Which many believe will be locked
Up in the vaults as soon as issued,
Where all the other money in the
country is boarded instead of being
put in circulation.
No need, say they, to press tariff
,siorm and repeal of the Nc.
atlnley bill. True it is that manu-.