The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-11-07
thereby from its pledges to the country

thereby from its pledges to the country to
most earnestly and faithfully attempt it.
s'Those who assert in advance that 1t can
not be done will not succeed in accomplish
ing the all important result That there
are difficulties. many and great, to be con-
tended with is not to be questioned. But
great obstacles are successfully encountered,
not by those who in the outset despair OF
removing them, but by those who, while
approaching their magnitude, determine
that they shall not bar the way. lie who
stops upon the bank Of the river and fears
to breast its current, will never reach the
goal on the further side. The man who
stands appalled, by the mountain height,
and fears to climb the rugged steep, will
never view the valley that lies beyond.
"Bimetallism is not o sentiment. We
are not interested in the profits of silver
miners, but we are deeply, vitally interest
ed that there shall be sufficient quantity
of the coin money of final payment, and
that thereby there shall be preserved the
proper relative value between money and
property. In its last analysis there is no
money except the coin money, having in
fact as well as in name, the quality of mon
ey of final payment. There is no product
Of gold in the world either present or with
in reasonable anticipation which can sup
ply the requisite amount. Only silver and
gold together can do SO. A sufficient vol
ume OF coin money of final payment is ar
absolute essential, and, in my judgment
there can be no full and permanent restor-
alton of prosperity to this country until
there has been wisely, conservatively and
safely re-established practical bimetallism.
There is no political party in this coun-
try which dares to so before the people as
the avowed advocate of monometalllsm.
"The Republican party ayows that it fa-
vors bimetaliis:n, but this party invariably
opposes every plan which can possibly re-
store practical bimetallism, The Republi-
can party stands squarely against any eff
fort to restore the coinage of silver, unless
! with the concurrent agreement Of other na-
tons The Republican party in advance
of any effort to restore the free coinage Of
silver with the most careful safeguards of
legislation which can be devised, says fiat
ly that it cannot be safely accomplished,
and so far as that party can prevent it that
it shall not be attempted. This position of
the Republican party, if maintained, re-
quires that SO long as European nations re-
fuse to enter into al international agree
ment as to the terms upon which the COIN
age of silver may be resumed, so long must
we, by reason of an admitted and undenia-
BILE insufhciency of coin money of final pay
ment, submit to the stagnation Of business
and the paralysis of enterprise throughout
the land
The populist party, on the other extreme.
favors the resumption Of the coinage of sill
yer at the ratio of Is to l, without regard to
the parity between the silver and gold coin,
and apparently with indifference to the re-
suit whether the silver dollar shall or shall
S>-ot be the equal of the gold dollar in its
pun chasing and debt-paying power.
"ras Democratic party agrees with nei-
ther of -hese extremes, but occupies the
broad a1d-eSnseryatlve middle ground be-
tween them. earnestly contends for q
bimetalllsm that shall not be merely theo-
retical, but a bimetallism which shall be
practical and fruitful in results, in the free
coinage of both gold and silver. The DEM
ocratic party at the same time insists as an
absolute essential that there shall be equal
ity in purchasing power between the gold
and silver coin.
There can be no question that an inter-
national agreement fixing the relative val
ue OF COLO and silver COINS is extremely de-
sirable. The refusal Of other nations to
join in such an agreement will, undoubted-
ly, make the task of restoring practical BIZ
mettallism more difficult, and will necessi-
tate greater care and providing such safe
guards of legislation as will preserve the
equality in purchasing power between the
coins Of the two metals. However great
these difficulties the Democratic party must
and will find the means to overcome them.
The obligation of the party is not limited
to the effort through international agree
ment, but the pledge of the party is
that if not by international agree
ment then by proper safeguards of leglsla-
ton. it will undertake to restore practical
bimetallism, so that gold and silver shall
have equal rights of coinage at the mints,
and so that gold and silver coin shall be
freely interchangeable and have equal puI
chasing power, the one with the other"