The Butler weekly times., 1895-06-20
ference that has been called, every

Is a confession that the demonetiza-
ton of silver was blunder, if not a
crime; that its consequences have
been disastrous, and that the condi-
tions that it has wrought are full of
menace and of peril. The logic of
facts establishes beyond intelligent
question that the destruction of sill
yer as primary money by conspira.
cy of self interests is the cause of
the widespread depression and suf-
fering that began with the gold
standard There can be no restors-
ton of prosperity, nor permanent
relief from prevailing conditions,
until the great cause has been re-
moved by complete restoration of
silver to its proper place as a money
metal, equal with gold.
We believe in money of stable
value. We believe least of all in an
appreciating standard. 1t is only
through the practical operation of
bimetallism that a stable standard
of value can be secured A standard
constituted of money constantly in
creasing in value is not sound nor
a stable standard, but a constantly
changing standard. The effect of
gold monometallism is to establish
one standard for the creditor and
another for the debtor, and
there can be 10 more dishonest mon
etary system than that which gives
short measure to the borrower and
long measure to the lender.
Under the policy prevailing pre-
ceding 1878 there can be no violent
change in the relative value of the
two metals, for rise in the value of
one metal is counteracted by a de-
creased demand and fall ia value
by the other. Under the operations
of this beniicent law and establish
ed relation was maintained between
them, in spite of most extreme
changes in relative productions
From the earliest period of our his
tory up to 1873 the right of the
debtor to choose whether he should
pay his debts in silver or gold coin
was always recognized. The subse.
quent policy has been to transfer
his right to the creditor, thus tend
ing 30 constantly increase the value
of the dearer metal and destroy the
party between them.
Believing that it is absolutely nee.
essary to reverse this iniquitous and
ruinous policy, we therefore, resolve:
DEMAND sILvER's RESTORATION.
"That we favor the immediate
restoration Of silver to it's former
place as full legal,tender standard
money, equal with gold, and the free
and unlimited coinage of both silver
and gold at the ratio of Is to l and
upon terms of exact equality.
"That while we should welcome
the co operation of other nations,
we believe that the United States
should not wait upon the pleasure
Of foreign Governments or the con-
sent of foreign creditors, but should
themselves proceed to reverse the
grinding process that is delaying
the prosperity of the people, and
should lead by their example the
nations of the earth"
That The rights of the American
people, interests OF labor and the
prosperity of American industry
have a higher claim on the consider
alton of the peoples lawmakers than
the greed of foreign creditors or the
avaricious demands made by idle
capital. The right to regulate its
own monetary system in the inter.
ests of its own people is a right
which no free Government can bar.
ter, sell or surrender. This reserved
right is part of every bond, Of
every contrrct and of every obliga-
ton. No creditor or claimant can
set up right that can take prece-
dence over a nations obligations to
promote the welfare of the masses
of its own people. This is debt
higher and more binding than all
other debts, and one which it is not
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