St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-04-22

country has been gradually getting
worse. Now and then we have a rally
ing spell, or what is worse, a rise in
the price of one or two articles caused
by the Vaccinations of the Oil trust
and other monopolies, but is momen-
tary, Jesus Christ said: Eye shall
know them by their fruits" and from
monometallism, as judged by its
fruits, may the good Lord deliver US
and our country.
l am Republican and voted for
Garfield, for Blaine and for Harrison
twice, but if the Republican party
does not come out squarely for BIZ
metallism 1 shall abandon it. We
have ridden a bicycle with one wheel
long enough. / cannot as a man stand
idly by and see people out of employ
ment and on the verge Of starvation
without feeling touched, and 1 will
not as an American citizen support
the "honest?" dollar, when that So
called honest dollar is goading my
countrymen unto bankruptcy, starva-
ton, possible revolution. f-Oh,
Honesty, what robberies have been
committed in thy name?" You may
call the present gold dollar, which is
but l submit when it is proving itself
to be a means of sinking and running
the nation that the proper name for
it is the elimination" dollar. But it
will not be necessary for US to leave
the Republican party, for we have the
votes and the men who know how to
handle a caucus and run a convention
and If the monometallists do not like
L thew nItt I'D fo11 Io
Cleveland craze into well earned
obscurity. A. REPUBLICAN.
If Republican" had read the ed
itorial he refers to attentively he
would not ask his question. We
said that in times of general con-
fidence the legal tender act is of no
value because there is faith that all
forms of money will be redeemed
in or made as good as the best of it.
When men like our correspondent
unsettle confidence the very power
given struggling debtors" to pay
in money supported at debt-paying
par only by the legal tender act
but adds to the distrust of that
money. and further depreciates it,
Pushed to it's logical end of COM
polling the acceptance of such money
in exchange for goods or service, it
breaks down of it's own weight So
it has no value whatever, and least
of all. in times of doubt like these.
Silver was not a debased currency
in 1873, except the subsidiary coin
age. simply because then and for
forty years before we had no silver
currency of our OWL coinage This
was due to the attempt of congress
to fix a false ratio, which underval-
ued silver and sent 1t to a better
market than our minis. The same
If congress should decree the under
valuation of gold. 1t would go to a
better market than our minis would
give it. Our Republican" wants to
correct his conceptions of govern
ment, its functions and powers.
There are some things it cannot do
1t is true this country made great
progress from 1916 mot 184O) to 1860,
but it was not free silver coinage
that made It. as from 40 to so less
than 100000 standard dollars were
coined, and none of them were in
general circulation. The country
was then on the same gold basis it
now is, and mas been ever since 1884.
The gold standard has been squeez-
ing the farmer and wage Garner dur
ing all this time just as much as it
is now and not whit more. Every
dollar of the debt he laments was
contracted on a gold basis, and has
not been swelled by any contraction
of the currency, for we have more
money in circulation now than we
had when any of these debts Were
contracted. s.a,.t.z>--
Begging our correspondents par
don, we have not had "monometal-
lism absolute since 1885," neither, in
its proper sense Of the use of but one
metal as the standard Of value, nor
in its sense of the exclusive use OF
coins of one metal as mediums of
exchange. In its first sense we nave
had it ever since 1884. and in its sec
ond sense we have had sixty times
more silver in circulation than was
coined-or circulated-in the eighty
years preceding 1873. In conclusion,
we must admit that from his stand
point of view of governments and
their function our correspondent Is
logical In advocating this protection
to silver If it is proper to employ
the power Of the government to en-
nance the value of clothing we can
not see why it is not equally SO to
enhance the value of silver.-Ed.