The Bessemer indicator., 1894-09-29
The REPUBLICAN, PARrY's
CLAIMS.

Dtioit tuid WiS PEuCIululet, II ildtl
established n system of encouraging
native Industries. Under that system
our country hns doubled ih population
| and almost ,qundruplcd In wealth. Tn
| der that system the greatest enter
prises III the history of mankind have
evolved and the civilized world has
| marveled at the achievements of IL
free people
The highest PROSPERITY Of our rtun-
| try and the most untrammelled sway
| of the Republican party are the his
| tory OF the same days
The period of the greatest depression
to all the interests and industries of
our country, Is the years when the
Republican party has been out of
power. Its administration is syno-
nym for the peace and prosperity of
the peoplc. It's retirement from power
Is invariably the forerunner OF ex-
travnsance In publlc affairs, Of stag
nation OF business and the distress
ana discomfort of the people. Wit
ness the magnif'cenca 6f our prosper
ity Ii 1892. and the depths of our dis
tress in the last year and u half. In
lS'2 every man or woman with will
Ing hands could find an opportunity to
earn bread. In 1894, more than two
million men and more than three
quarters of million women are the
subject of half-etficlent charity.
| THE PARTY OF SILVER.
| Though not at all times as vigilnnt
as 1t should have been In guarding the
monetary system of the country, 1t has
never advocated any system of money
but that based upon gold and silver,
except as Il means of carrying on a
great war. And even in that instance
1t provided for the redemption of the
greenbacks In specie. 1t IL not tnit.t-
ed with tie heresy of issuing state
bank notes. 1t does not believe In is
suing notes without providing for their
redemption in gold or silver. In its
tenacity in upholding this doctrine,
the Republican party is pre-eminently
the silver party. To advocate issuing,
in any amount. either state bank notes
on the sub-trensury plan il ipso fncto
10y the very acU to recede from the
support of the silver cause. Hence
that political party which advocates
either of the foregoing plans for pro-
eiding money, is to that extent want
Ing In faithfulness to the silver in
| terests.
| The Republican party has but TO
point out the present attitude of the
political parties of the country upon
the monetary question to prove its
right to the support of the friends of
free silver. 1t does not decry the
valuable aid of silver Democrats. But.
MS party. under the arbitrary lead
eiship of Mr.. Cleveland, the Demo.
cratic party has noticeably weakened
In Its support of silver.
The Republican party points to th,.
adoption of bimctallic and free sill
yer planks by many Republican state
conventions during the season now
closing, to prove that it, as a party. is
moving to the support of the silver
cause. The adoption OF the silver
clause In the resolutions of the Ma
tional Republican league In its re-
cent convention in Denver was sur
prise alike to the friends and the foes
of silver. No fair-minded citizen will
assert that the Republican party of
our country Will ever recede from the
position therein proclaimed And when
any citizen prcsumes to question the
sincerity of great party in thus de.
clnring Its faith on n question so mo
mentous, his patriotism may well be
doubted.
The silver industry being n Western
industry. the Western people first be.
came familiar with Its merits. In the
same way the Eastern people are es
pecially impressed with the inpor
tance of protective tariff to thel,
manufacturing industries.
But all people of our country are con
WINGED of the necessity of more money
Political parties advocate dirferen,
methods of supplying that money. The
Democratic panty would issue statt
bank notes. The Populist party would
smother the country with unlimited
paper money. The Republican party
| alone stands for the Issuing of nc
money that Is not to be redeemed in
| gold or silver. Among It's great lead.
ers there has been, and 1t is admitted
there is yet, some difference of opinion
as to method and amount. But that
these great leaders are rapidly focus
Ing upon free silver cannot be gain
said. Witness the great letter of Sen
ator Cameron to the National (Rep.,
League convention In Denver: the res
olution of Senator Lodge to impose IL
retaliatory tariff upon imports from
those countries that will not agree
with ours on the free coinage of silver,
and his speech thereon; the recent
utterances and writings of the Hon.
Thomas B. Reed and many others
among the statesmen who shape the
course Of the Republican party.
And 1t Is the firm conviction of our
own faithful leaders, Senators Teller
and Wolcott, that the Republican par
ty will take up and settle the silver
question as 1t has boldly taken up and
settled all other great questions.
THE PoPULIsT PARTY, SILVER
AS to the Populist party, it cannot
serve both God and mammon. 1t is
either for silver or 1t is against silver.
If that party is in favor of increasing
the circulating medium Immediately to
500 per capita. 1t cannot be the friend
of silver. To thus suddenly Increase
the circulating medium would be to
double the present circulation, that is.
make an immediate increase of fully
$50 per capita. This would be to sud.
denly issue fully $1,G25 100000. All
the silver money accumulated and coin
ed by our country In all the years of
Its existence is less than One-half that
amount. And the greatest output of
silver in any year from our American
silver mines was less than S1.OO per
capita. Hence, TO increase the circu-
lating medium S25 in one year, at
least S24 of the S25 must be of some
other material than silver or gold. Can
the party which advocates such finan-
clal doctrine claim pre-eminence in
friendship to silver?
1t must be admitted that the admin
istrntion of the PopMist party has
been n failure, even a disgrace. 1t is
admitted that the repeal of the silver
purchasing act wrought great injury
to Colorado. But every patriotic and
intelligent citizen of the state knows
that every ounce of silver might van
ish from the mountains of the state,
rVtI (t,I. 4.
natural resources than any other equal
area on earth. But what does that
avail with no means of development? :?
Even many of our richest gold mines
have lain dormant because of reckless
disregard OF law. 1t seems to be the