The Wadsworth dispatch. [volume] (Wadsworth, Nev.) 1892-1899, 1894-02-24
'ATURDAY, FEBRUARY "a, 1894.
MR..

The following is the full text of Hon.
Francis &. Newlands' recent letter to the
Washington Post:
Editor Post: | observe in Fridays
issue OF your paper the statement that
all Populists voted for the Wilson bill
except Newlands OF Nevada. AS | have
frequently been referred to by the press
as a Populist, will you permit me the
use of your columns to cay that | am not
a member OF the Populist party?
The people of Nevada, recognizing the
fact that both the Democratic and Re-
publican parties were %insincere in their
professions regarding silver, and that
the Popolist party, while sincere on the
silver question was welded to %impractti-
cal theories hat it was impossible for it
to succeed, determined to form an indie
pendent political organization of their
own called the Silver party. Their imme-
diate hope was that, with the aid OF the
other mining States and with the aid OF
the agricultural States likely to be car
ried by the Populist party, a sufficient
humber OF Independent electors, devoted
to the silver issue, would be elected to the
electoral college to secure the balance of
power, and thus force in that college the
selection OF a President, either a Demo-
cratic or a Republican, who would sign
or at least not oppose a free coinage bill.
Their ultimate expectation was that
iether the Republican party would again
become a national party instead OF a
sectional party, devoted only to the liz
terests OF the New England and Middle
States as manufacturing and creditor
States; or that the Democratic party,
rejecting further alliance with New
York, which thus far has enabled that
State to control its financial action to its
lasting disgrace, would pursue a policy
which would unite the South with the
West on issues which would constitute
a common bond oil sympathy or that a
third party. whether under the name of
Peoples party or some new name, pre-
gented to the people but two issues,
namely, freedom from industrial depen-
dence upon England or other foreign
countries, would, under wise and patri-
otto leadership, be organized for victory.
On these lines the Mining Congress at
Helena, Mont, declared itself, on these
lines the Bimetalic League of America
has practically acted, ami on these lines
the Silver party of Nevada, Of which l
am the Representative in Congress, was
organized. l do not regard it as a perm
anent party organization which should
be maintained, at least in every mining
state, until either one of the old parties
comes to its senses or the Populist party
learns wilson, or a new national party
is organized, which every true American
who believes in his country, and that it
should have a financial and industrial
policy of its own, "a join.
Adversely, which long since taught
the silver miners of the mountain re-
gion. the farmers OF the West, and the
planters OF the South that the apprecia-
ton Of gold, resulting from the gradual
decentralization OF silver, was the chief
cause of the fall in prices, and the PIE
vailing industrial and commercial dis
tress of the world, is TO- teaching the
creditor section Of our country that,
while the destruction as a money metal
of the only competitor which gold has
had has increased the purchasing power
OF money, it has also diminished its
earning power. The defaulling of bonds,
the inability of owners of credits to coll
lect their interest, the dearth of profit
eble employment for money all prove
that we cannot cut off one of the natural
sources OF money supply and limit the
natural increase Of the volume of money
without affecting all industries, and that
owing to the consequent %stagnation OF
enterprise and destruction of enterprise
and destruction Of industry, the business