The times. [volume] (Richmond, Va.) 1890-1903, 1893-10-04
SENATOR DANIEL IN THE CAMPAIGN

/
ayers to invoke the services OF Senator
Daniel In the present campaign In view
of his opinions regarding silver. Inc
Iynohburg News takes the subject up
and argues very earnestly that the masses
in Virginia are thoroughly with Major
Daniel in his views on silver, and that
he is therefore more competent 10 recali
wayward Democrats about to stray on
to the Popullsts than any other man
For our own part we think the question
is one that concerns Major Daniel per-
sonally much more than II concerns the
Democratic party Major Daniel is a true
and genuine Virginian, and he is not go
ing 70 say anything anywhere that can
| encourage Virginians to leave the asso-
Citations of their white brothers and take
| I'D with a mongrel party that ADOPTS LOT
it's principles wild and revoluiioharS
| and sociaIistic theories, which no Demo-
crat could tolerate. So that from the
party's standpoint there is nothing worth
considering to be urged why Major Danlei
should not be invited to speak Wherever
| he can make it convenient to 60
! But we don't see very clearly how Dan
| iel the man is going to get along when
he takes up the money side Of the Popu-
lists platform. The main contention now
of the Populist party, is their PROPOSE
ton concerning money. The party be
gins and ends at that point. Strike out
the money question and there is no Popu-
| list party. Their clamor is Tor more
money. for an abundance Of money, for
| oceans Of money. All their various
schemes were devices to get out more
money They say the government snail
| issue unlimited quantities OF It's own
1 PROMISES TO pay, TO be legal tender Ior
debt and that as merely a part OF the
scheme for putting out as much money
nc all the atmosphere can hold, It shall
coin up ell oliver into coins worth iiity
cents each, but called by the law dollars
| and endowed by the law with power to
/ pay dollars of debt.
NON, Major Daniel agrees with the Pop
uilsts In their proposition so far as
silver is concerned. He, too, demands
that the government shall coin up all
the silver that is brought to the mint
into 81 IA grain legal tender dollars
| +ho,gb they are only worth hfty-fve
cents each. But how he can stop short
NJ their other demand respecting paper
| issuesl is more than we can understand
A silver dollar worth only fifty cents
must fall in currency TO the level OF
| ATTY cents unless the government al
| WAYS treats it as a gold dollar In all
its transactions. 1t is in effect then a
| demand obligation payable in gold, and
the government must always stand ready
10 redeem each one IN gold or If it will at
once fan to its true and intrinsic value.
This is exactly what the paper prom
ises are which the Populists call on the
government TO issue. They must be
demand obligations, payable In gold,
and they must be paid in gold whenever
{, IS called for. or they must immediate
~ fan TO the level of irTedeemabie paper
currency which necessarily goes down,
down. down. until 1t reaches the van
fishing point, as happened TO the assig-
mats Of the French Revolution, the con-
tinental money of our revolution, and
the Confederate currency, and as would
surely have happened 20 the United States
Treasury notes If the government had
failed in the war. When success seemed
doubtful they had actually fallen to a
point that enabled one gold dollar TO
purchase three dollars Of them
The trouble therefore. is not with the
Democratic party. the trouble is with
Major Daniel. We do not see how he
can ask those whom he addresses to go
with him for coming fifty cent legal
tender silver dollars. and halt when
they ask him to so with them for food
ing the country with the government
promises 10 pay. II either is money it
is by virtue Of the governments fiat
ordaining and declaring it TO be money.
and we see no reason for the government
Eating" fifty cents worth Of silver into
a dollar. and refusing to do the same
thing with a piece Of paper. We think
the Popuiists have far the best Of the
case one of the most per-
eIhptory obligations OF life is
that IL we do thing we shall do ii
well. If we are going into the business
OF issuing fiat money, on every princi-
pie we should issue all of that fiat
money that can be used. and we should
make 1t OF the cheapest material that can
be had. Paper Is. so far a good deal
cheaper than silver, and every consid-
Grafton demands. therefore. that the fiat
money should be made of paper rather
than silver.
Major Daniel says he VIII turn nrty cents
into a dollar. the Populist says he will
turn five cents into dollar Between IN,
two we say the Popuiist doctrine viii win
every time They out-Herod herodl Tnese
remarks have already received emphasis
and point In what took place when Majo,
Daniel spoke on Monday at Charlottes.
vile. The questions that were put 10 MIN
showed that he has an uphill road e
travel when he calls for free coinage
OF silver, but halts at the demand for fiat
1 4 nj