The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-04-17

use OF Such pnraSe1 As SOunu money
and safe curreney,---bHt you have never
condescended to satisfy that curiosity by
stating what these terms meant, or what
is sound money! or safe currency.
The people would like a definite answer,
as they do not understand what you
mean. Your recent sale of $62. 900. OOO OF
bonds to Rothschilds syndicate Tor w,
Goa. 900 less than their market value to OBJ
tain gold to maintain gold monometail-
ism is some evidence OF your familiarity
with the forces of safe currency.
Your assertion that the opposing forces
are those OF silver monometalism SHOWS
that you do not understand the position
of the bmetallists or that you knowingly
misrcpreseht their position.
Assuming. as | must, that it is want
of infoImation on your part, without the
least desire to deceive the peol le, you Will
pardon me for informing you what lhe
advocates of unrestricted coinage of both
gold and silver contend. Why do you
argue that . return to the coinage of both
metals upon terms of exact equality. as
established nv Jefferson and Hamilton
and maintained ty all patriotic states
men of every party previous to the clan
destne demouitlZat;on OF silver in 1878.
would debase the currency aud destroy
the credit of the gosernment? Have you
ever compared the prosperity of the coun-
try under yoNr ilhstrious predecessors
II
both metals with the misfortune and de-
preston which affiict the country Under
your administration? Did it ever occur
to you that Jefferson and jackson might
be right and that you might bs wrong!
Did you ever consider the ultimate posi-
hility of the radical change that Senator
sherman and our associates co-operat-
with what YOU term the forces OF safe
currency have made?
You have disregarded not only the
teachings of the fathers of the republic,
but you have reversed the usages and
customs of the civilized world which have
existed for thousands OF years previous to
1873. You have destroyed one-half the
worlds metallic money, and enhanced
the value of the other half tully 100 per
cent. You have compelled the debtor to
surrender more than double the amount
Of property to liGuidate his debts, that
the money he orrowed would nave pur-
chased at the time he Incurred the obliga-
ton.
you have increased the value of gold
by refusing the use OF both metals as
money and created Il constant decline OF
prices Until you have ruined enterprise.
deprived labor of employ .nent, aid pro-
duced universal distress. You now call
upon the Democrats OF Illinois to present
a plain and simple argument. which viii
satisfy the people that the financial
policy which makes them miserable is
sound money and safe currency If
you know an argument that will con
vince the people that it is right for them
to suffer depression and hard times while
all the wealth they produce is in money,
it is your duty to present that argument
without delay. Such an argument would
be a new discovery and one never before
used by an advocate of your sound cur
rency' forces. If you can show that aeon
traction of the volume OF money of ult-
mate payment of gold alone has made
times prosperous, nobody else can. 1t
all depends upon your superior wisdom.
The country is looking to you and
YOU alone to explain why times are hard
Under your sound currency policy you
have delayed the explanation too ing
The country is getting impatient. 1t is
encouraging that yon app ecate the neces-
sity for pfomrt action y
Enclosing his epistie to the president,
the Nevada sil' eritc adds:
Whatever may happen You are en-
titled to the gratitude of the American
people fer your bold and open advocacy
. of the CO binatinn of gold monomcntal-
list and the refusal of your secretary II
the treasury u put both the coinage OF
gold and silver upon an equality. III are
doing what no other president has had
the courage to do since the crime OF 1879
Your confidence in your wisdom AM
ability is sublime, when, under present
conditions, you are willing to challenge
comparisons between your policy and
that of the founders OF the Deomcratlc
party which placed you in power. Ii you
could point TO any beneht you have been
to the country your task would be much
easier but in view of the universal dis
tress, your courage far exceeds your dis
erection, unless you present your reasons
for gold monom etallsm WITHOUT delay.
Are you aware that every professor and
student OF political economy, except those
in the employ .of ytheis gold monopoly in
Europe n and NAniepica,5 IS in favor OF the
coinage, Of q both gold AMI silver upon
terms Of exact equality, That advocates
of gold monopoly have nothing to print
in favor of their cause except such vague
generalities as you yourself employ, and
that if you have no reason for maintain
ing a gold standard which vii! benefit
YOUR case. then nobody else has?''
NEW YORK, April 16.-The CONNER
cial Advertiser says: 1.-Two years ago
Mr.. Cleveland was busy setting the poor
man. with his multitudinousv vote against
the rich and camorng for a tariff that
would benefit the consumer at the ex-
pense of the manufacturer. Today he
capital and wealth through combination
and otherwise, sometimes gain an I'M
due advantage, to attempt to create a
reiudice against the advocates of a safe
and sound currency by the insinuation,
more or less directly made, that they
belong to the financial and business
classes. is insidious.
The Evening World says 1.-THE presi-
dent has sprung to the front in the cause
of Il gold standard and at the head of the
moneyed and financial interests OF the
country, and especially of the east, will
battle against silver, perhaps even to the
extent OF seeking a reelection"
The Brooklyn Eagle says: 1.-The strength
of the letter is in the fac that it appeals
to the common sense of the country, ire
spective of all ether considerations. y
WASHINGTON, April 16.-The Even
ing Star last night said: 1.-The president
declined the invitation letter that
will probably cut some figure as a cam
paign documents strong document, one
that must appeal to every possessor of
common sense. The president declares
in his epistlc that the need of the hour
was a plain and simple presentation of
the argument in favor of sound money.
His letter, which has in part done away
with that need for such argument, is now
before the American people,
PHILADELPHIA, April 16. = The
Times, Democratic, will say While sill
yer spectators and political demagogues
are tircless in their efforts to mislead the
public on the issue of honest money,
President Cleveland strikes at the very
marrow of the dispute when he says
Disguised it as we may, the line OF battle
is between the forces of safe currency and
those of silver monometallism.'
, NEW YORK, April 16.-The World this
morning says: 1.-The World believes that
. ! Ia do Ill 30 -,