Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1895-06-01
Indorse Mckinley and Foraker and
Nominate Bushnell.

We are opposed to the Democratic
policy of protecting wooden manufac-
lures and admitting wool free OF
duty. We denounce scheme Of tax
alton which annually increases the
public debt more than $50, 900, 900.
This is the result of Democratic as
tendency. The tariff law of the last
Congress is partly copy and gener-
ally failure. All that is good of it
was taken from the Mckinley tariff
aud the rest OF it is confessedly a.
hotchpotch. The Supreme Court has
already disposed of part Of it. All
the productions of the South from
peanuts to whisky are carefully pro-
tected, while the duties on the great
staple industries of the North are
largely reduced, and OH some articles
like wool, are entirely repealed. We
demand reform in the tariff, not to
promote sectional interests, but to Sc
cure ample revenue and impartial pro-
lection to domestic industries. This
we can have only by the election of
Republican President We want
change, and for this change we will
have the hearty support Of large
portion OF the Democratic party.
I'VE are in favor of a sound nation
al currency always redeemable in coin
All forms of money should be fequai
purchasing power. For fourteen years
after the resumption of specie pay
ments while the Republican party was
in power, we had such acurrency. We
had gold, silver and paper money, all
bearing the stamp and sanction Of the
United States, of unquestioned credit
and of equal value, passing current
not only with the United States but
i'll all parts of the commercial world
Both gold and silver are indispen-
sable for use in the varied wants Of
mankind Gold is now and has heen
for ages the chief measure of value in
international commerce and the larg-
er transactions of domestic exchang-
es Silver, from its bulk and weight
is not available for large payments
either at home OF abroad, but it is in
disper sable III the minor wants o.
mank II l. God fiom its greatly SUI
perior value, cannot be utilized for
suc'l purposes. Therefore it is that
botl metals have been coined into
money at the fixed ratio. The enor-
mons increase of the production Of sill
yer in the United States, Mexico, and
Australia has disturbed this ratio, and
has lowered the market value of sill
r,-aN,cal,- oc n ill., s.
ductiou has lowered the price of 9th
er commodities. 1t is a universal law
that price or value is measured by
quantity Under these conditions the
rational and proper course would be
change of ratio, but this can only
be effective as to these two metals by
concert of action among commercial
nations. Until this can be accom-
plished the only logical way is fol
each nation to coin both metals ana
maintain the coinage of the cheaper
metal at par by limitation Of amount
and redemption when in excess of the
demand for it. Such is now the poll
cy Of the United States, and of every
great commercial nation. including
every country in Europe. Other ma
tons adopt The silver standard alone
not from choice, but from poverty
| believe that the policy of the United
States adopted i'll 1858 Of coming frac-
tional silver coins in limited quanti-
ties from silver bullion purchased at
market price, and making them le-
gal tender for small sums, is the only
way to preserve the parity of gold
and silver coins at a fixed ratio This
is properly called bimetallic money,
hope and believe that the common
interests of commercial nations will
lead them, through an international
commission to either adopt a new
ratio based on market value of the
metals or to coin them and maintain
them as we do at their present ratio
The policy now urged by the pro-
ducers of silver, and by men who wish
to pay their debts in cheaper money
than they promised to pay, is the free
coinage Of silver. This means the
single standard of silver and the de
monetization of gold. This is the
uonometallic system. 1t is the deg
radiation of our dollar to fifty cents.
II applied to our national bonds it is
reputation of one half of the pub
lie debt. 1t is the reputation of one
half Of all the debts. 1t confers no
favor on producers of any kind wheth-
er of the farm, the workshop or the
mine, for if they get nominally more
dollars for their productions, their ad
ditional dollars would have only
one-half the purchasing power of
the gold dollars. The great hard
ship of this policy would fall upon
workingmen, skilled or unskilled,
whose daily wage measured by the
present standard is higher than in
any country of the world Their
wages will purchase more of the nee
essaries of life than the wages paid
for similar labor anywhere outside OF
the United States. 1t is a false pre-
tense that the cheapening of money
will be beneficial to them. The Re
publican party, in itsnational platform
of 1892, demanded good money of |
equal purchasing power, whether
coined Of silver or gold, or composed |
OF United States notes and national !
bank notes, based upon the credit OF |
the United states, maintained at par |
with coin. This is the bimetallic pol |
icy, There we stand to day. l hope |
and trust there we will stand forever.
We will seek the cooperation of all !
nations, aud of all parties in main
tanning the parity of gold and silver
coins. IT they will not cooperate
with us in this Policy the Republican
party can, and hope will. do it alone.
Good money and plenty of it is as i'm
portant to all our peopleas equality of |
rights and privileges. -
The platform reaairms the 2epub-
lean doctrines of protection. reciproc-
ity, and bimetallism. and denounces |
Democratic free trade, income tax, and
recommendation. Foraker was indoors
ed for Senator and Mckinley for Pres
ident
Booming Bowers.
The Martiusburg Herald names