Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-09-05

thinks is due to the increase IN the value
OF the unit Of money. An artificial fall IN
the increase in the value of money. The
Senator devotes a LONG argument TO his
wel-known views on the properties OF
money.
ITO attempt. whether with or without q
tariff. he goes on, TO secure national
prosperity without a sufficient quantity OF
money is to attempt 10 float ships without
proper depth OF water. or 20 conduct
passengers and freights over railroads with
out sufficient number of rails % consti-
tute continuous track.
The Question of the Money supply.
while therefore not only underestimate
ing the Importance to the country of a full
recognition Of their protective principle. I
hold that the tatf and all other issues are
In the nature Of the case subordinate to the
great and far-reaching question of the
money supply. In this conviction believe
the people OF Nevada to a man-and TO a
woman-are heart and soul with me.
so long as the party to which I have
hitnerto belonged was moving IN the d.
rection OF a solution of the great monetary
problem by giving the country a steady in
crease IN the quantity of money, I was
bound, alike by my personal Conviction
anu py my duty to my constituents, 70
give that party my support. Although I
did not believe the amount of such none
tary Increase TO be sufficient to overcome the
ever-intensifying contraction set on foot
Dy the decentralization OF silver I was
willing TO take. for the time the best that
could be got and await the maturity OF
what 1 hoped was a growing disposition on
the Part of the republican party to finally
place upon its banner the motto of free
coinage OF gold and silver without discrimi-
nation at the long established American
ratio.
THE situation is wholly changed when
the republican party revcrses the policy
which for fifteen years IL had maintained,
and by Its official vote In both houses Of
Congress relegates the country to the sim
gle gold standard. with all that that i'm
plies OF industrial dry rot and compulsory
idieness among the people While IL is
true that the democratic party must share
with the republicans the responsibility for
that act L am concerned only with the
share taken In Its passage by the party TO
the success of-whose policies I have de-
voted the best years of my life. The re-
publican Representatives IN both houses of
Congress constituted the strength OF the
repeating party. both in numbers and i'm
Intellectual force. Without a majority of
the republican votes to aid the democratic
administration there was never one moment
| when the bill could have passed"
The Party Question.
Recurring to the party question. he says:
"A change OF party affiliations is not TO
be either advised CT commended except In
| obedience to the imperative demands Of
principle But submit TO my friends and
all who believe with me that I'm this great
emergency the monetary issue Is, and of
right ought to be the supreme N not the
sole issue which should now be deemed to
be before the country. That being so. ask
| whether. with the principles which they
| really entertain. they are not doing more
violence to their consciences by remaining
in the old party organizations than they
fan n hxr rr.fr - 4
| new. has the courage OF its convictions
the courage to treat this great question as
| IL deserves to be treated. namely. as the
| leading question Of the age?
4 The supreme purpose which the bene-
| ficiaries and advocates of the gold standard
not only in the United States but through
out the world. now have in view, IN to keep
what may be called the silver vote I'm this
country so divided out among the old par
ties that IL cannot assert itself; SO that n
cannot even discover its own strength In
the ranks of the republican and Democratic
parties In every state in the Union are large
numbers OF voters who believe that the free
| coinage of silver at the American ratio is
| indispensable TO the prosperity of our peo-
| pie and TO the maintenance of our indus
tries upon level which shall invite the
| productive investment of our idle capital
| In the present condition Of these parties Il
is impossible for such voters TO give effect
to their convictions. In my belief IL will
always be impossible while voters tamely
Il
! which for years their votes have been
| made 90 count directly against their strong
| est convictions. Were all the republicans
| and democrats who believe in the free COIN
| age Of silver at the ratio of is TO I to step
\ out Of their old party organizations even
| for one campaign and stand upon a plat
| form of one plank-a silver one-or at least
| en- a platform which makes monetary re-
| form its dominant feature. not abandoning.
| but holding in reserve, their convictions on
other issues. the President to be elected In
1886 would. without the shadow Of a doubt
be one who would sign 4 free coinage bill
No Relief From the Old PARTIES.
Il am firmly convinced that there Is no
prospect for relief from either of the old
parties. as such. and least OF all. I regret
to say. from the republican party. The
financial leader of that party-Mr Sherman
Of ohio-stated in the Senate at the opea-
ing of the debate of 1saS that the silver
law of 1880 had been passed not for the
purpose OF increasing the use Of silver, but
OF avoiding the passage of q free coinage
bill. which he regarded as threatening. To
give credit where IL is due. there would be
\ more hope Of favorable action from the
democratic than from the republican party;
for. although the democratic national con-
vention demanded the repeal of the law OF
$780, II was because that law made a COM
| modify OF silver-the platform demanding
at the same time the coinage OF both gold
and silver. without discriminating against
4 cithcr uctdi vi CudfSt mlnt0Se. Lnef0
| were numbers OF democrats. however who
at the dictation Of officials In high places
voted for the repeal. while kno wing hat
their constituencies were firmly opposed
| to IL.
History teaches that while reforms OF 9
4 minor character may be accomplished
through parties formed for the achievement
| OF other purposes no question OF the first
4 magnitude-no question involving q great
| fundamental principle operating I'm the In
terest OF the masses of mankind--was ever
| settled without the creation OF a new party
| to achieve IT,"
The Senator then drifts into q discussios
| Of the history of the formation Of great
parties and the melting causes He closes
| as follows:
1 in the immovable conviction that the
progress. prosperity and happiness OF not
| only the people of Nevada. but OF those Of
| the entire country are more Immediately
dependent on monetary reform than upon
! any other issue that can be presented for
political action, I shall henceforth vote foe
and act with the party that brings thil
| overmastering issue 10 the front.
4 Yours. truly. JNO. p. JONES'"
Suit for Account Answer.
In the case OF David II. Mcclelland