Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1894-06-15
WILL CIR JSH SIL YER.

WILL CRUSH SILVER.
UNRESTRICTED EXCHANGE MEANS s
SINGLE MONEY STANDARD.
Projections Builds Up Home Markets Where
| Cur. American silver Dollar Is 90 Gentle
man. How the .Populists Stand on the
Tariff Question. sss.
All through our great northwest there
are two preponderating opinions, two
great questions on which the popular
heart is firmly fixed .s
These are protection and silver. Per
haps it will be found doubtful which is
entitled to first place in the minds Of
the people Of that section. But there is
no question of their entire loyalty to
both.
Some of these people have in recent
years shown more or less tendency to
vote with Or act with the Populists.
Let us see if there is any good reason
for this, if indeed it is not for their
own interest to stand by the Republican
party rather than follow the Populists.
In respect Of protection they are, of
course, well aware that their only hope
is in the Republican party, but many
have seemed to think that in their fight
for silver, for it's free coinage, it's wider
use and more general recognition as a
costandard with gold, they could afford
to act with the Populists.
Now, we know that free trade means
larger imports from foreign countries
all of which have to be paid for in gold.
In fact, free trade and the gold dollar
go together as matter of course. Only
a gold dollar will pay for goods bought
in England, Germany, France Or else.
where. But if the people Of the north
west buy from the east or from any
other section of this country a good sill
yer dollar will pay it's way 100 cents
worth. These are plain, horse sense facts
It is therefore necessary, if we desire to
aid in extending the use Of silver, that
we buy where a silver dollar will pay
the bill and not where nothing but gold
is available
Admitting these as facts too plain to
be questioned, we come to consider
what help protection can expect or has
had from the Populist members of thu,
house.
Mr.. Jerry Simpson in his speech O.:
Jan. IL, 1894, found on page 800 Of The
Congressional Record, comes out fat
footed. There is no question as to his
meaning. He wants to send us abroad
to buy, where only gold dollar will
pass muster, and wipe out our own map
ufactories, wherein silver dollar il:
worth 100 cents. This is what he said
on that occasion, II am free trader ia
all the name implies. -
Mr.. McKeighan of Nebraska, another
Populist, in his speech of Jan. Is, 1894
(see page 1859, in closing his remarks
on the Wilson bill, says: "Mr. Chair
man, the bill under consideration gots
but very small way in this direction,
but still it is in the right direction, So
far as it goes. tits a step forward to-
ward light. \ *,* and shall gladly
vote for it, =
Mr.. Hudson Of Kansas. Populist, In
his speech Jan. Is, 1894; Congressional
Record, page 1850, says, 1.-THE method
ct raising revenues by duties on i'm
ports or internal duties is all wrong.''
|. Mr.. Davis, another Kansas Populist,
in his speech Of Jan. %, 1894, page
1859, says: ''Those who advocate pro-
tective tariff have wearied the universe
with excuses to justify their course It
is claimed that a protective tariff is nee.
essary to make a home market for agri.
culture. It does not do this A protect
i've tariff does not develop general man
ufactures. - -
These are most remarkable opinions
but they show the bent of his mind.
The foregoing extracts will serve to
show that protection has no friends
among the Populists. AS free trade can
buy only for gold, it must necessarily
displace, degrade and dishonor silver
within the very house of it's friends.
Protection does build up home mar
kets where our silver dollar ''is gen.
tleman, - and where there is no ques
ton OF discount to a gold value for Lon.
don exchange
The lesson is plain that those who are
in favor of protection and silver must
not expect any assistance from the Pop
ulist members of congress. -
They will strike at protection, no;
seeing that protection and silver are So
closely allied and interdependent that
hitting one hurts the other, and that free
/ trade means the disuse of more silver
and increased demand for gold to pay
for foreign goods.
><4@@".>+": : Onr Gold. IT,.
The gold in uso as money in the world
is SIS, $50, 605, 600. ! OF. this the United
States owns, or has at this time, about
one-sixth, while our population is less
than one-ffteenth of that of the world
Under the policy now being inaugural
ed By congress and the president, that
we shall buy our goods abroad because