The herald., 1894-09-16
He GIVES NUMEROUS REASONS
Why Senator Jones Left the
Republican Party.
He Cannot stomach That Party's
Betrayal of Silver.
And flo Secs No II ops For tho Peopis at
Large In the Further Grant
ing ef Power to That
Organization.
UNIrEp STATES SFNArE.


DEAR SrR-Hsving become firmly con
vinced that the Republican party or
ganization ia unalterably opposed TO the
free coinage of silver at tho American
ratio OF l6 to l, or at all, except with the
consent of foreign governments ard at q
ratio 10 be dictated by them. have to
announce that can no longer act with
that party.
have not arrived at this conclusion
without extreme regret. 1t is always
painful to sever associations of long
standing, but fidelity to my own convic-
tions and my imperative daty. as | see
it, TO the people Of Nevada, who have
long and greatly honored me. compel me
to this course. To my constituents /
need hardly say that whatever change
has occurred in the relation between the
Republican party and myself is not q
change in me. My opinions are in every
respect what they have always been. |
hold today with all the earnestness OF
the day of my election, every one OF the
principles for whose prior support in the
senate | WAS for the fourth Tins honored
by my constituents with e seat in that
body. abate not an iota OF my
convictions with reference 60 the
benehcsnt influence on American indus
try OF the principle OF protection. A
protective tariff | regard merely as q
means by which the people ot the coun.
try may secure to themselves the doing
OF their own work in such volume and
with such complete variety and perfect
coordination of industries as to afford
uninterrupted employment for all. And
not employ ment merely, bat what is of
the utmost consequence, employment
for each in the occupation of his apti.
tude-the work that is to his taste--the
labor OF his love-the labor whose return
is not alone the dollars and cents that
form his necessary pecuniary reward
but whose compensation in the larger
sense is the high delight daily and hour.
| ly distilled from a pursuit. which each
finds exactly adapted to his bent OF
mind. 1t is only when workers. whether
with hand or brain, are thus beneti.
cialy differentiated aud co-ordinsted
! that their enduring happiness is found.
Into such well ordered work men put
their hearts, as well es their hands and
their braine, and that which would
otherwise be q mere drudgery becomes a
moral as we'll as q physical support-a
great agency for the spiritualizing OF
mana blessing and benefsction to
the human race. Among q numerous
population such result can never be
reached unless they do their own work,
for the larger the numbers OF the people
the greater will be the variety OF tastes
and aptitudes and the greater the need
| OF infinitely divereifyiug the occupa-
tions.
But while fully convinced OF the moral
! and material progress made possible
for our people by their doing their work.
| am no less firmly of the conviction
that in the absence OF q monetary sys.
tenn that will admit Of the quantity of
money constantly keeping pace with de-
mand, it is in vain to expect such pro-
gress. By this age industrial achieve
ment is by aggregations of laborers. It
ie the age OF furnaces and factories with.
out number. These depend for vigor
and especially for unbroken continuity
OF operation upon an institution un-
known to former periods of history,
namely the time contract. Upon the
degree of accuracy with which the man
ayers and organizers OF large establish
ments and projectors of great enterprises
can make business forecasts will depend
the enormously important consideration
OF continuity of employment not only OF
those directly engaged in production but
OF ell who, whether with hand or brain,
are occupied in connection with the dis
tribution and exchange Of the products
OF labor. Idlsness is the destruction,
moral and physical, OF a people. The
tate OF mankind hangs upon the ques-
ton whether civilization can persist
while larger and larger numbers OF peo-
! pie in all countries are being rele-
gated to idleness. The compulsory
idleness OF willing workers, of whom
there are milliona even in times much
more prosperous than the present, 10
due to force that acts upon industrial
society like deadly but odorless gas,
which, because of its subtle character,
escapes detection. In its methods ii is
as silent as Tins, yet as inexorable as
death. It's victims usually attribute
their suffsrings to every cause bat the
right one. This fatal influence affects
alike employer and employed, agricul-
turiet and artisan. What is this power
1t ia the rapacious and engorging power
OF an ever-increasing value in the unit
OF money-that is to say, in tho dollar
| W hon oh nhd Dbcn suffered
into requiring the payment of money al
a future tinne this is the subtle alchemy
which. without effecting any change
In the written figures, yet enlargea the
burden of the obligation by extracting
from MIN who 10 to pay tho money
and all business man are in thii
category moro sacrifice for eaci
dollar than dollar represented a
the time the obligation was made
This progress paralyzes industry ant
relegatee to pitiiul and corroding idle
meas multitudes of willing workers. Thi
1t accomplished by producing an arti
| fetal and unnatural fall in the prices o
| property and in the products OF labor
iall not ariBing from the natural opera
tion of the forces OF supply and dsmant
affecting the property and com modities
but from 2 change in the relation OF sup
ply Of, and demand for. money. Wher
population and business are increasing
II there be no concurrent increase OF tn,
quantity OF money, general prices mus
fall. All political economists agree that
other things remaining unchanged, {
| diminution in the quantity of money
lowera prices. Such diminntion occur
equally whether it be accomplished by
actual falling off in the supply OF money
when population and business are alta
tionary, or by the quantity OF money re-
naming fixed while population and
business are increasing. This country
stands in the latter category. Its popu
Ia -, Il -