The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-04-26


without International agreement They
tell US that European natlone will make
TINS dump ping ground Tor their silver
and take our gold from US. They seem
To lose sight OF the fnct that no country
can make this Il dun ping ground for their
silver or any other product. except with
our permission. We would lind 1t no
more difficult to regulate the importation
OF silver by an Import duty. than we do
that Uf any other class of foreign goods
seeklng admission to our markets. These
dutles should be 80 laid ss TO fully pro
toct our own interests at ali points, De
Coming prohlbtory whenever the Ameri-
can product is sufficiently large to sup.
ply tho demand.
Europeans can only take our gold from
Us In settling accounts, which show
DAiance In their favor, and as these settle.
ment5 are now made strictly In gold
ihll TO soc wherein free use OF silver on
our part can give them any additional
advantage over us, Here again our tariff
oilers ite protection, and the wIse course
lpr us to pursue, either with or without
slINer would be to SO adjust our import
duties es to make our annual settlements
Invariably snow balance in our favor,
There is no excuse, whatever, for policy
WhiSh Causes our Imports to eGuGl or ex.
eeel our eHportn. Why should We import
lom Europe what could have been suc-
cesaiuIly made or grown ut home? Let
us employ our OWE labor. make our own
goods and settle with Europe on our own
ter nus. shipping gold West instead o. East
Whenever we cun advance our interests
by doing SO.
In regard to the parity bugbear, lot me
asei-WhlCh would be the most difficult
20 maintain parity between gold and
silver coins, when the two metals are
at or near par with their respective coined
Sal lues or when one 10 Mt par and the
OTHER llfty per cent. below2 Surely any
reasonable man would unhssltatingly
answer- the latter. In our stock OF
6m9ney, we are now using about e575, ,Oo0.-
aoo OF silver and silver certificates, the
bullion value OF which 10 only 50 per cent
OF that amount, yet our silver money
cireulates freely at par With gold. Now
wlli any ono tell ue why tho silver dollar
must lose favor, simply because we adopt
a course which Will make its coined and
pulhon values equalt We do not main
tam that the commercial values of these
TWO metals Will become liked, at an exact
faslo OF ~ TO ! ; nor is That of any
serious consequence; II either should be.
come more valuable as bullion than rs
com and be exported as such it will ring
to us ut least Its coined value in some
other Kind OF wealth, to take Its place.
me excuse given Tor demonstrating silver
IN - was that 1t would not circulate, but
wos melted by manufactures and export.
eu as bullion, but not an ounce of IL left
us without being replnced by. at least.
sl:ee In gold or It's equivalent.
~ Is by no means difficult TO see the nd
vantage of situation OF that kind over
our present, under which silver is reduced
10 d mere commercial modify, with a
Huctuating value of about "a cents per
ounce. From the establishment of our
mihts 10 1878. they were open to the free
coinage OF both gold and silver. at prac.
Ideally the present ratio; and during those
~ yoars there was but one brief period
QSl2 and 1oi3) when tho value of silver
as eomparied to that of gold fell AZ low
as III to 1; the parity question beng one
OF small importance aud easily dealt with
ana why We should lind 1t such u danger.
ons obstacle IN our Efforts to return to
TINS former policy. Is a qnestlon wuich
the gold monometalis.s alone appear to
comprehend.
Much Ia also said about the "iifty. cent
doaar dishonest money" nud other
similar idle expressions, none of which
haVe any real weight, or are even sun.
posed to have, by those with WHOM they
originate, except as sneerlnR retort to
argument which they realize their inabl.
ity 10 answer, and as an effective means OF
pulling the wool over the eyes of many
an honest man who allows the politician
to do too much of his thinking. None of
The mon who advance these heavy points
IN support OF their theory have ary of the
htty-cent dollars to sell at that or any
other price except strictly one dollar each,
hnd no oue knows betteI than they that
one OF the first fruits of the free coinage
OF silver would be TO rid us OF our lfty-
cont dollars, by mhking their bullion and
coined values equal, which would be ac.
coInplished on Of before the day when
sivpr should he admitted to our mints
The only dishonest" feature am able to
see about the blmetal proposition is the
TACT mat. to some eNtoEt, II would relieve
the masses OF the people from the oppres-
sion of the rich and lessen the power of
the shylocks' to demand their pound
of tlesh."
But at the mere suggestion OF a Iegts.
latlSe enactment which woulG make The
bullion and coined values OF silver equal
the goid men Hro greatly shocked. and
seep horriiied ut the injustice of a law
which would almost double the price Of
silver. But they seem to have forgotten
by whom and for what purpose silver was
reduced to its present condition AIlmen
know, OF at least should. that silver mas
been Gamonet1ed at the demnnds and in
the interests oil the god monupollsts, that
they might obtain Il mora complete con-
trol Of the money markets of the world.
Prlo to 1876 silver sold readily at 81 - an
ounce or more, and no ono omplaned of
the injustice or thought the price too
high. Btlt, to satisfy those innocent gold
men, silver was demonetlzed IN 53. which
proved little moro tnan the people could
be induced to submit to at once and the
government WIS allowed to enter the mar
ket and buy limited amount oil silver,
for monetary purposes, fIom IS to 93,
when the Troublesome stun was again
denied admission to our mnts.
UHder this adverse legislation silver has
been robbed OF one Bait Its real value by
heing refused flee admission to our mar
kets and the use to which 1t Is specially
adapted. Aud if the present condition OF
silver is due to certain iniquitous laws
there can certainly be no injustice In re.
pealing such laws and allowing all inter.
ests that have suffered under them to re-.
five and to regain the plac9 once freely
accorded them. There can certainly be
nothing wrong in a government restoring
a value. which Its own corrupt acts have
destroyed. And especially Is this true
when by DO doing we advance the interests
ot every American citizen, except the
money monopolists, whose rights we do
not touch but whose power for evil we
seek to limit.
1t is to tie sincerely hoped that the wave
OF d,eeontent now sweeping over our land
may lose no force until every man
who Truly loves America and the int erests
of her people, shall have carefully studiad !
tits important question. and qualified
hlmEelt to cast an Intelligent ballot on
tho saline. after which there can le no |
doubt of the result which will follow.
but surely u sad mistake will be made |
II new party IL organized On this ISSUE |
flour demands are lust and will bear the |
lighE pf thorough investigation. there |
Is no Iced OF our going outside the old |
parties Lo secure our rights. Let us edu. |
cate and organize In the old parties: 20 |
Into the conventions and control them; |
make them spenk our sentiments, nomi-
nate our men and advance our interests |
il lilo work of education along the line
Ia gaa!onsly pushed during the next
tweise months. ana thorough organiza.
tion eilrcted. the combined strength of |
the West and south can 20 into both
and Democratic conventions,
write their platforms ard dictate their
nominations; for then we presaAt unit.
ed front and will DO able to retain the
assistance OF our many earnest
friends In the East whose strength would
otherwise be lost. II the silver men OF
the Vest and South organize into q new
party then the conventions of both Re-.
publican and Democratic parties Will be