The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-08-02

| his cheap dollar Will drive OUT
our gold, and instead of increas-
ing the volume of our money will
enormously contract il. All our
paper and silver will then be worth
about one-half of its'present value,
a destruction of about two-thirds
of the present volume of our cur
rency. The imagination alone
can conceive of the widespread
disaster and ruin of such calam-
ity. To this financial and indus
trial prostration would be added
the curse of silver as the only
money, a debased and fuctuating
standard, a cumbersome lmbecile,
unfit for the speed and activity of
modern civilization, and which IS
olates and stagnates all nations
that are its victims.
Under international bimetallsm,
where all, or the principal com
mercial nations of the earth had
opened their minis to the unlimited
coinage of silver at an agreed ratio,
the difficulties above suggested
would be largely, if not entirely,
overcome. When there came a
change in the market ratio of the
two metals, the money of the dear
er metal would no longer retire
from circulation, and would not
leave the country of its adoption,
for the very satisfactory reason
that being treated exactly alike in
all countries, it would have no in
ducement to go.
1t will thus be seen that my OPP
position to free coinage Of silver at
the ratio of IS to I is not an oppo-
sition ia the use of silver as money
but opposition to silver monomet-
allism and the consequent Contrac-
ton of the volume of our currency.
| am now. and have always been,
in favor Of the use of both gold
and silver as money, and to the
coinage of both without discrlml-
nation upon such terms as will Sc
cure the use and concurrent circu-
lation of both. This can be done,
and at the same time a system de-
yised which will adjust itself to the
expanding needs Of Our commerce.
In the absence of international
agreement for unlimited coinage,
there is no better way to effect this
end than to retain our gold stand
ard and coin silver on Government
account in limited quantities, the
amount coined to be determined
by our ability as a nation to keep
it on parity with our gold. But
no scheme, however promising,
should ever be allowed to gain
sway that will admit of dollar
worth less than a dollar escaping
the minis of the United States.
The following declarations are
those to which | have given utter
ance in my public speeches and
for which have contended through.
out the campaign. | believe they
are Democratic. | know they are
sound. am confident they vii
be triumphant in the end. By
them | shall stand until the Ma
tional Democratic party shall NEE
and declare otherwise.
But Notwithstanding my opposi
ton to the policy named. here
repeat what have SO often sale
before, both in public and in pri
vate, that will abide by the nom
nation of the Democratic State
Convention and vote its tickle
from top to bottom, and labor fol
us success.
To my friends at home and else
where who SO kindly espoused my
cause and worked for my success,
express my everlasting gratitude
To the press of the State fol-
its many favorable notices of my
candidacy and comments on m,
public speeches, as we'll as its uni
form kindness to me, make CRATE
full acknowledgment.
To the people of the State fol-
their kindness and hospitality, and
especially to those who differed
from me on the financial question,
Tor their patient hearing OF my
claims. | tender my sincere; thanks.
And though | quit the race with.
out having achieved the honor
sought, ! do so with friendship fol
all and malice towards none.
Respectfully,
II. C.. MCCAB