Daily independent. [volume] (Elko, Nev.) 188?-1915, 1894-11-02


parties; principles are the essence
Even the personnel Of a Darty-the
entire body Of individuals constitut-
ing it. may remain the same, yet if
the great policies are changel for
Which as a body they stand, they
must be held to constitute a different
party. The primal purpose for which
parties exist is not the parcelling out
- Offices, but the Inauguration and
maintenance Of great national poll
cies. The Republican party consists
doubtless in the main throughout the
country Of the same leaders and the
same voters. : To most people-espec.
tally the unrehecting-it remains the
same party. But, most Of ALL to those
who regard monetary reform as a
srihe: as a mere passing craze, or as a
device begotten OF the cupidity of the
people Of the silver states, the Re-
publican party appears unchanged, or,
IL changed atan changed for the better
But parties are known by their
policies. In the view Of all persons
who understand tho momentous im-
2ortance OF the money question, and
especially in the view Of my constitu-
ente. the policy which must be held
most truly to characterize a party
sud differentiate it from other parties
q not its policy on the tariff, he wever
important in itself the tariff may be,
nor is it its policy regarding civil
service reform, nor the law of cleo
ions: The monetary question bears
to these and to all other question of
public policy the same relation that
E the erection OF a building the
foundation bears to the superstruct-
ore. The function OF money is basic
and. dominating function, without
whose correct performance it is in
vain to expect the other elements of
national prosperity to operate in the
OF their powers.
The difference between a rational
expansion and a contraction, however
alight, OF the money volume is not, as
30 ne I'm thinking people fancy. a tril-
ing difference. 1t is the same degree
Of difference that exists between
buoyant health and wasting disease.
10 the merchant and manufacturer
1t Is the difference between solvency
and bankruptcy; to the millions Of
workers it is the difference betwe IN
remunerative occupation and corrod
ing idlene %; to free institution it is
the difference between stability and
dissolution. No advocate Of free CO n
age OF silver who has studied history
IN the light of monetary experience
will dispute these propositions.
The monetary pc Icy of political
party, therefore, is that feature Of it
which above and beyond every other
feature must by all lovers Of their
fcllowmen be the test whether the
party has or has not changed. No
othe: policy, however good in itself.
can of should enter into the inquiry.
The monetary issue dominates all
ether issues, because it is the only
ono that can give an answer to the
question whether idle men are to Oh
tain employ me 1T, and whe her fro
their own self respecting labor the
hungry man shall be enabled to oh.
tain fool, the naked to obtain cloth
ing and the homeless to obtain
shelter.
The monetary policy of the Repub.
ican party during the last half of
1890, all Of 1901 and 1892 and part
~ 1893 was policy distinctly tend
ing toward a moderate expansion of
the money volume. To-day it's policy
% one OF pronounced. drastic and un-
mlstakable contraction.
IN respect to the quantity Of money |