St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-08
TUMBLE IN SILVER
Continued From First Page.

Continued From First Page.
times, and the sober thought of the
people will find the charge true. 1t
cannot escape like the pickpocket, who
d1verts attention from himself by cry
ing Stop thief We will not let it
steal the credit of restored prosperity.
mat credit is ours, and we will pro-
claim it everywhere to the people. The
credit Of the nation and the integrity
| of our money saved by the repeal of
pulously preserved by the Democratic
administration-and will be so pre-
served with every power it possesses.
But while we have maintained these
great essentials, our financial leg:Sla-
ton was left in such deplorable con-
dition by the Republican party that
the next great work of the Demo-
cratic party will be the solution of the
money question. Our national plat
form calls for the joint use of gold and
silver as money, but the dollar unit
of coinage of both metals must be of
equal intrinsic and eXchangeable value,
or adjusted through international
agreement or maintained at a parity
by the safeguards of legislation. It
means bimetallism. 1t does not mean
gold recommendation or, silver mono
use of both metals it sets forth three
methods, capable of separate or COM
bined use. The money question is not
limited to one nation; it concerns all,
party also embraces an International
agreement. If today the leading ma
tons of the world would by common
agreement open their minis to the
equal coinage of both metals according
tC the mercantile ratio, pledging them
selves to redeem the coins of each in
coins of the other, the child is not born
who would live long enough to see
premium upon either gold or silver.
But the gold monometallist insists
that no such interna tional agreement
is possible.
NO NEED FOR HASTE.
eve admit that great reforms come
slowly but we can afford to wait years
for the reform which will give us a
uniform and stable money the world
over. 1t will be the greatest financial
measure of civilization, and we hail
with joy the growing sentiment in it's
favor in Germany and England. In
the meantime, without the aid of in
ternational agreement, by adopting the
mercantile ratio we can enter upon the
coinage of both gold and silver amply
sufficient in amount for our needs, and
maintain their parity by keeping
moderate reserve of each metal for the
redemption Of the other. We could
even renew the coinage of token silver
money by creating an adequate re-
demption fund. But the first require
ment of any of the methods within
the purview of the Democratic plat
metals, and the equal power of every
dollar at all times in the markets, and
in payment of debt And this require
ment is insisted upon for the protec-
ton of the farmers and laboring
classes, the first and most defenseless
victims of unstable money and a fuc-
tuating currency Do we want to see
wages cut worse even than during the
war? If so, the silver monometallists
tell us how 10 do it. The ordinary
wage worker would have plenty of
company in his misery, if that were
any consolation. Railroad employees
clerks, public officials, in short every
one employed in the service of another
and receiving wages or salary, would
suffer with him. The old soldiers, who
risked their own lives to save that of
fell, would have their scanty pensions
reduced one-half. In the days of peril
the soldiers were paid in cheap money;
are they now in days of peace and
plenty to be rewarded with a cheap
gratitude, and pensions 80 per cent be-
low par? To the gold monometallist
or silver monometalliSt, whose policy
would result in the expulsion of either
gold or silver, and the contraction of
our circulation, we can show our ma
tional platform upon which we stood
and fought and won. We have made
our record; we have proven our loyalty
to personal liberty, to justice in taxa
ton, to honesty in finance, and the
welfare of the people. With a joyous
prosperity greeting the work we have
done, let us push on and complete our
and with colors flying we will press
on till we win the victory-a victory
not merely for the party, but for the
country"