The times. [volume] (Richmond, Va.) 1890-1903, 1894-09-21

/ TO be called n dollar Ia created out or
| silver. that the amount Of metal to be
put into the silver dollar shall be as
valuable in the public market as the
amount Of metal which is put into the
gold dollar In other words, he has IN
sisted that II there is to be free coinage OF
both silver and gold. the dollar Of each
shall be as valuable In fact as the DOL
/ lar Of the other. This IS in accordance
with the Chicago platform. which said
1--WE hold TO the use Of both gold ana
silver as the standard money OF w
country. and 10 the coinage Of both fol.
and silver. without discriminating aeaiI
either metal or charge for mintaS'' ~
the dollar unit Of coinage Of b0th mcid'9
must be Of equal intrinsic AND eNcn1"9
able value. or be adjusted throb5"
tcrnatlOnal agreement or by su'h "a Ia
guards OF legislation as shall lhsuI' ,o
maintenance Of the parity OF ih'
metals and the equal power Of every iol-
lar al all times IN the MARKERS ~. a
the payment Of all debts. ana We 49,, 80
mat all paper currency shan gg,cb coin
par with and rcdcemabic IN SUN 1Dii H..
We insist upon this policy as esl
necessary for the protrcuo - er.
farmers and laborug classes, we IL
and most dcfcncelcss victims Oh uHaldDi'
money and huctuaung currency
fuse 10 have this as the rule.
II an entire and intelligent stranger,
who had never heard of the controversy
in this country should accidentally ar
rive here and be toll that Mr.. Cleveland
advocated this as the true policy in re-
sooct 10 finances. We don't think We
ovcretate the case wnen We say that he
would Immediately ask, is there any one
fool enough 10 object to this
Eut the ohio Democracy have sub
stitute which they present as the true
theory OF the case. What is IT, j. ls
that all the silver that is brought TO our
mints should be coined into what shal
be called dollars az the rate Of sixteen
ounces Of silver 10 one ounce OF soI1.
But this will result i'm the coin called
the silver dollar having in it an amount
Of silver that will sell I'm the public mar
kct for only one-half as much as the goA
in gold dollar. We will then have two
dollars, one Of which IS actually worth
only half as much as the other
II that same intelligent stranger had
this further information communicated
90 him we cannot doubt that he wouId
add. these must Doe madmen VINO pro
pose this suicidal thing
For suicide IT would be. II this GOV
eminent should announce that it intended
to embark upon the policy Of creating
an unlimited quantity Of dollars Of this
sort, worth. I'm fact only half dollars
then every man who has money due u
him would Immediately commence ma
neoWerng to make his debtor pay the
debt before the day arrived when ne
should be compelled 10 take pay in one
half Of what was his due. Before that
day arrived the great bulk Of the credits
Of the country would be called in with
out regard 10 the loss caused 20 the
debtor and that would plunge the country
into bankruptcy and universal ruin. Ana
what would be accomplished after the
universal liquidation that would be forced
was through? Nothing but that our
money would be exclusively silver, and
that the dollar instead of representing
100 cents. would represent 30 cents. In
stead there after q saying that horse
was worth $50 We would say that 1T was
worth 500 bat it would not really be
worth one cent more.
We know perfectly well that any propo-
sition Of This sort must result In a
financial panic that would plunge TINS
country into a maelstrom of disorder
turbulence and ruin that twenty years
Of prosperity could not repair. We must
say then that We should regard the sue
cess Of the Ohio idea as one of the
greatest calamities that could possibly
befall the country. We announce IN
hesitatingly. therefore, that it is the most
earnest prayer The Times can utter that
the Ohio Democracy may receive sting
ing rebuke in the coming election Tor
this abandonment OF the party platform
and Of common sense.
The trouble is that such utterances as
the Ohio convention have put forth not
only damage the party at home but
abroad. and discourage those Democrats
who are for sound money and make
them the apologists of party whose
earnest traditions have been for honest
dollars.