St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-06

diiu eject d congress ana president on
this issue. There is no hope whatever
that the Republican party, as party,
Will change its policy, give up the gold
standard and restore the bimetallic
standard. There are no grounds for
such hope and we believe they are de-
luded who look for such a change of
policy by the party. The Republican
party is committed by it's leaders, by
it's record and by the press behind it,
to the gold standard, supported by gold
bonds, and to the retirement of the
greenbacks and the surrender of the.
issue and control of paper currency to
the banks
No less persistent and effective is
the control of the money power over
the organization of the Democratic
party. While undoubtedly a large
majority of the members of that party
are opposed to the gold standard, they
have been powerless to control the
party organization against it, and
much less to secure through it the res
toration of the bimetallic standard.
While this is the case, it cannot be
expected. that Republicans will aban-
don convictions of lifetime on other
questions and go
INTO THE DEMOCRATIC PARTY
In body or into a wing of that party.
Nor will Democrats give up convic-
tions they believe to be essential in
government and go over to the Re-,
publican party, or to a division of that
party. Nor is it possible to induce Re-
publicans and Democrats together to
go into the Populist party, for the rea-a
son, If no other, that the platform of
that party contains declarations, and
the party advocates theories, to which
they cannot give their assent. But we
must in some way come together en-
this issue or the cause is lost, and with
it the independence of the people, Mo-
old party ever carried through great
reform. New bottles for new wine.
Therefore, no course seems possible
but to subordinate for the time being
other questions and come together in
a new organization to fight the great
battle Of 1896, on the one great issue
on which the prosperity and happiness
of the people so largely depend. 1t isls
believed that this cause can be won in
no other way, and that to continue to
contend for it only within the lines of.
existing parties is to court defeat at
the outset and to lose the battle in the;
end. =
,'"The purpose of this movement is
not to array section against section
nor class against class, nor to require
anybody to give up his convictions on
other questions or to sever his party
relations for any other purpose than to-
UNITE IN A COMMON CAUSE,
the cause of justice against injustice, of
prosperity instead of adversely, of con-,
tinued employment Of labor instead of,
forced idleness, of abundance and hap
piness instead of want and misery.
There can be no doubt, moreover.
that return to the standard of gold
and silver will promote in the highest
degree the business interests of the
entire country; while the continuance
of the present policy must necessarily
be attended by further fall of prices,
imperiling business enterprise still
more and prolonging indefinitely,the
present stagnant condition of trade
and industry. .Jeg .ees
Better prices under existing condi-
tions cannot be expected. A debtor la
tion cannot maintain an even level of
prices with creditor nations. The sin
gle gold standard can be maintained in
|, the United States only by forcing down
| the price level of commodities here
enough below the price level of other
countries to turn gold this way, or, at
any rate, to induce our creditors to
take commodities cf us for what We
owe them, instead of demanding gold.
Any policy, therefore, that tends to
raise prices necessarily operates to eX-
pei gold. This condition of things cam
| not be overcome by tariffs, much less
by free trade. In the payment of an
nual- dues to other countries, we must
| compete with other debtor countries
with the Argentine, with Egypt, with
India, with all the countries of Great
Britain and, worst of all, with Asiatic
countries, with industries stimulated
as never before by the low price of sill
yer. These conditions, from which there
| is no escape as long as the gold stand
| ard policy is pursued, intensity the
| gravity of the situation in this country
| to such an extent as to compel the
serious attention of all patriotic citi-
zens. How idle, in the presence of
| such conditions, to expect to maintain
| the gold standard by an
INDEFINITE ISSUE OF BONDS.
| and how unwise, if not reckless, such a
| policy must seem to the thoughtful
| men everywhere. 1t is estimated that
| already the rise of gold, by increasing
debts, has absorbed from forty to fifty
| thousand millions of the worlds
| wealth
1.-THE inauguratio of movement for
| relief from these enthralling conditions
| must spring from the people. Politi-
clans never institute great reforms, and
| it were idle to wait for them This
| cause is the cause of the people, and it
| is believed that it more profoundly con-
Germs the welfare of the great body of
! the people than any question since the
| civil war, if not indeed, since our in
| dependence was gained; for in it's ultis
| mate outcome the question of suf-
ficiency or scarcity of money is a guess
! ton of freedom or serfdom of the mass
| of the people.
while not unmindful of the inter
| ests of the people of other countries in
| this question, it is not an issue that can
| be safely submitted to the decision of
foreign governments, or be made to
! depend on what other countries NAV
| do or may not do. When our monetary
| system was established over a hundred
years ago, with a population of less
than four millions, our fathers did not
| wait for or invite the concurrence of
other powers. Nor did the trainers of
the constitution contemplate any such
action. They legislated for the United
States, and we now as Americans must
LEGISLATE FOR OURSELVES.
Beware of entangling alliances in
this as in other matters, and especially
of allurements of international confer
enees to delay action in our behalf, in
the delusive hope that other countries
will care for our interests better than
/ we can ourselves. No other country
has ever asked our approval of its
financial policy.
1T is believed that the United States
has power enough in the commercial
world to- alone restore the link he-