The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-04-22


your issue OF April 18th synopsis of
President Cleveland's reply to tho invita-.
tion OF Chicago business men to address q
meeting In that city In the interests OF
Sound Money" We should ali be re-
loiced to receive advice and counsel from
wise Chief Magistrate elected by the
people. but what shall we do when the
drift Of nearly all the paragraphs in his
letter seems to us obscure, indefinite and
unsgtiBfactory2
Ibe words sounu money. sound cur.
renoy, safe currency safe support and
their equivalents seem TO be the constant
refrain oil his song" yet not, once does
he advise US as to what that saier and best
money ana currency really Ia, or should
be, so as to insure It In ost conducive to.
wards the good of the whole people. This
10 the very question most at issue, as to
both quality and quantity, yet ali is left
underlined, without rhyme or reason
Some former politicians OF what wns
called the Democratic party harped much
upon the term. honest dollar. when that
dollar was bank note based in some
cases upon loss than ten per cent. OF coin,
either silver or gold Cor both together) In
the vaults OF the bank as basis of issue.
Let US remember that tho Bank OF Veuice
for hundreds Of years maintained it's
paper credits. prominent percentage
above par with the Venetian gold ducat,
noted Tor lte linenes5; providing Its people
with ample currency for u happy and
prosperous Republic, without one. fiEau.
Vial llho tuO56 CuuBBu US III Lllebb
gambling days OF tho grasplng coward
gold.
Therefore do we challenge our Chief
Magistrate to define to US what he means
by honest money and safe, prosperous
money" Tor the struggling toilers of our
land. Is 1t currency cramped to the
narrow basis OF gold coin, entirely in.
sulllcent to conduct and encourage the
active duties OF our ever increasing popu-
latlOu-increaslng alike In mum bers skill
and talpri6A9 la H. that Dr Ia i'm
national bank currency based upon the
gold and the bonds to be paid by our
posterlty, subjact at all tines TO be corn.
cred by controlling bankers for the &C.
compilshment OF their own ends and pur-
poses, resulting every few years. as here.
tofore, In the cram ping and depression OF
currency. and the ever consequent bank
ruptcy aud distress OF numbers OF our
people2
Is 1t or shaliit continue to be any or
either OF these, or shall 1t be return to
the century, long standard silver dollar
oil our fathers. which now lies unproduc-
tive In the mines OF our own great coun-
Try, needed by the wide world as coin
metal, companion with the gold as here
tolore. to broaden our basis of money as
the worlds need grows-both to be as
sisteu whenever necessary by legal tender
| paper money resting upon the whole pro-
| duotive- wealth OF the country unloaded
down by bonds for posterity to pay. and
always limited to the real needs of popu-
iationa and enterprise. Let our Chief Mag
lstfate tell us, heif can why thelast named
currency will not be the safest and the
best Tor all CLASSES OF patriotic cltizens.
10 assist him aud all who side with him
poIltlcalIy. to come at truth In these i'm
portant questions, permit us to make
lew extracts from the many authorities
In political economy that might be quoted
Grover Cleveland. not long since said:
Our Government cannot make Its Hat
equivalent to intrinsic value nor keep In
Ierlor money by Its own Independent ef-
forts. nor Ia it Justified In permitting an
exaRgerating and unreasonable reliance
on our National strength and ability to
JeopardiZe the soundness OF tho peoples
money" Compare this with what the wise
Benjamin Franklin said; Gold and sll.
yer are not intrinslcallY OF equal value
with iron.
"Any other well founded credit is as
much an equivalent as gold ana sllver;"or
with what the father of pure Democracy
Thomas Jefferson said; Treasury bills,
bottome1 on taxes thrown into
circulation. Will take the place of so much
gold and silver" OF with what John y.
Calhoun said: mo one can doubt that
Government credit is better than any
bank, more stable and more safe"
How do those read beside the above
quotation from Grover Cleveland
Again: Aristotle, the wise ancient
philosopher, wrote thus: money exists
not by nature but by law; there are a few
"a
lieve in the intrinsic value of money"
Now we do not quote this from Aristotle
to show that our honored President ard
those who follow his lead are either
knaves or Iools; but nevertheless your
humble scribe Ia willing to aver that
when anyone discussing money matters
talks learnedly about the intrinsic val ues
of coin metal, the impression has long
been irresistible. that person don't real
lze how ignorant he shows himself to bo.
To proceed with quotations: The eml.
nent English philosopher and economist
John Stewart Mill, said that ian increase
Of the quantity OF money raises prices and
dimlnutlCn lowers Them, is the most
elementary proposition In the theory OF
currency and without 1t we should have
no key to any other Therefore it may
lie considered as demonstrabl5 that the
clandestine and corrupt demonetizatlon
of silver, as effected partly by the influence
OF British gold has largely been the cause
OF our present distress, by cutting down
about one half of the reputed basis of our
currency.
Inls distress will continue and increase
until our people cease to be blindly mis-
led by subsidized or ignorant public
press (oao or both) who continue to howl
the fase cry OF silver craze" at people
who Are striving and determined to re-.
store our crippled silver to Its millennial
position In the wOrld's currency accord.
Ing to the constitution OF our fathers,
thereby winning second Declaration
Oh independence NOT alone politically,
but more assured and lasting. an inde-
pendence from The rule OF concentrated
capital, be 1t erecting Its storage, bastiles
and vaults where 1t may, either abroad or
at home with US.
The people are rapidly discovering their
true position. Well may our Chief Magis.
trate and all who have eyes to zee and
ears to hear perceive the andwrlting on
the wall. Let all take note of the Demo.
cratic majority OF 33, 900 votes in the city
nj (llIruUn that IN aGsiSt in a
tion OF Grover Cleveland but have now in
late election been changed by the evi.
dences OF his falss policy. In league with
the greed of gold into a Republican ma.
jority OF $4,000, change oil $4,000 votes.
the main cause OF which will be found In
tue Dattle.cry for restoration of free silver
and an honest policy free from slavery to
any foreign Influence at home or abroad.
Permit me to eiRn myself
A BI-METALIsT,
Friend Of "Honest MoneY.r