The record-union., 1895-05-13
OPENING OF THE SILVER CAMPAIGN.
General Warner and J. c. Sibley Ex-
plain Their Views.
Why They Think Prosperity VIII Re-
turn to the Country With the
Free Coinage of Silver.

1896 was opened here on Saturday night,
the speakers being General a. j. Warner
of Ohio and Hon. j. C. Sibley of Penn
sylvania.
An audience of several hundred people
assembled to hear them at the Old Pa
yilion, and were at times enthusiastic in
their demonstrations. The meeting was
called to order by DR.. W. a. Brown, who
introduced Mr.. Sibley. He Is tall,
middle-aged. MISUNDERSTANDING man.
and proved himself good speaker. On
the platform with the speakers were
David Lubin, Trustee Devine and Justice
W. A. Henry.
MR.. sIBLEY's REMARKS.
Mr.. Sibley said that in 1871, after the
conclusion of the Franco-P Prusoian war.
Seide showed that any nation following
in the footsteps of England and adopting
a single standard would bring ruin on
itself, and that the strikes, lockouts and
other evils that would follow would be
attributed by hEanciers TO any cause but
The right one. He foretold at that time
the destruction that would follow the
cutting off of one-halt the money OF
country. Carlisle, too, he said, in 1875.
called it conspiracy aud the most gl-
gantic crime OF any age, Which would
bring more ruin upon the race than all
the wars and tamines would do; that the
reduction to half value of all property,
railroads, houses, etc., would not bring
half the ultimate distress.
For himself, he had formulated the
axiom that il we divide the money, we
divide the prices and double the debts; if
we double the money, we double the
prices and divide the debts. he spoke Of
Lubin's proposition for protection to agrI-
culture and believed IL was right, but he
wanted to see the silver question settled
first. To-day the American farmer is at
a vast disadvantage compared with the
wheat-raiser of India and the Argentine
Republic, and other silver using cOun-
tries, who takes home his fifty cents in
gold which is worth 100 cents in the
money of his country, and will pay 100
cents OF debts, while the former has only
his fifty cents. The dollar man will wipe
the fifty-cent man from the lace OF the
sarth.
Continuing. he said that when silver
was demonetiZed it was worth 81 per cent.
more than gold. The intrinsic value of
anything is what it will do in the hour of
dire need. A plank may be worth only
few cents, but to the drowning man it
would be worth million dollars. In
1857 some of the European nations wanted
To demonetiZe gold. as 1t was getting too
plenty and they were afraid it would lose
its value.
Silver works with gold on equal terms.
and with both their efforts prosperity
will roll down on the American people,
but we have adopted England's financial
and industrial policy and must come
down to her wage system. Continuing,
he said:
.sThe President says we are liable to
Il IIxrn hoS hot w arn inc To
have silver monometallism and the So
cent dollar if he does not protect the
credit of the United States by the sale of
gold bonds. Therefore, he sells So, 500-
600 worth of bonds at S, ,000, 900 less than
the market price on the day they were
sold in order to save this country from
silver basis. Let us see for the moment
what would occur ii we did slip to the
silver basis and have to take the 50-cent
silver dollar. Who would be wronged if
we would go to the silver basis? 1t is
quite a problem. Nine millions of dol
lars is a great sum of money. The re-
peated sales of bonds by the fifty and
hundred millions of dollars that have
taken place in the last two years must
have some justification, therefore | COM
lnenced, if possible. to try and solve what
would happen if this nation should slip
to that basis.
~ found, first, that in our transactions
with the gold-using nations OF the world
because, he says, we must have the
money of the great commercial nations OF
the globe-it is only the Mexicans and
the heathens that use silver. The United
States, in her transactions with the gold
using nations of Europe, embracing alto
gether about 250, 900, 900 of people, had
balance of trade in her favor last year
amounting to S25S, ,000,0 900, by its terms
payable in gold. We were the creditor
nation in our transactions with them,
therefore We can say what money we
will take. They had to have our beef
and corn and products of the mother
earth.
ITO make up that deficit and to sustain
the life OF their citizenship they must
come to America for the balance; so, tax
ing the products of mother earth-they
did not want the products of our furnaces,
forges, looms and spindles, because they
can do that cheaper than we can-there-
fore they took the products of mother
earth, and after We took four hundred
millions of their manufactured products,
we still had balance of trade amounting
TO two hundred and fifty-eight millions.
What difference is it to US whether Eng
land, or Germany, or France, or the CONT
nent, like our money or dislike 1t. They
have got to have this wheat. They cam
not take less and maintain LIE. They
have to come to US for their food.
"If we slip to the silver basis, however,
and Mr.. Clevelands contention is true,
that the minute we do we are going to
have only the fifty-cent dollar: the mo-
ment we open our Mints to free coinage,
he holds that silver is going to stay where
It Is; let US see it at the worst
''If an importer OF the United States
. wishes to buy from Germany, France or
the continent or Great Britain, he must
go to the banks and buy gold at exchange,
which will cost him 100 cents premium.
We have got protective tariff OF l4O per
cent What would be the effect? To cut
the importations of manufactured prod
ucts in two, and instead OF importing
about S400,000.000 of manufactured
products, We would probably cut 1t
down 10 S200,000,000 and set TO work
the furnaces, the forge, the loom, the
spindle, the machine shop and the
factories. American artisans, instead
of German, French or English, would
fabricate for our use the products neces-
sary, and that S25S, 900 which we had
last year would be swelled 10 double the
amount, perhaps. which would be S4oo,-
000, 900, instead of S25S. 100000.
After dealing with those countries last
year, we turned around, and III our trans
actions with the l, ,Z5O, ,0O0, 900 OF the people
of the globe we lost S2l2, ,000 In our
trade with than. We bought their rub
ber. coffee, spices, tea, rawhides and other
productions that are produced by these
people on the silver basis. They did not
want the products of our soil, of our looms
or spindles, furnaces, factories and forges.
We have got tariff That makes our
cost higher. Therefore the importations
of Mexico and the silver-usiug nations
are from Germany. France and Great
Britain. she supplying the l, ,250, ,0o0, 900 Of
the free-silver people of the globe with
her own products. We cannot ship them
our raw products or our manufactures,
but we will say to those people:
"Here we are on the silver basis now.