The midland journal. (Rising Sun, Md.) 1885-1947, 1895-06-14
Tree Coinage and the Danger 1T Will
Encounter.

| encounter
There is nothing palmer than that the
American people are determined to have
silver remonetized. For twenty years
they have been striving to have this ac-
cornplished and have been baff1ed by the
Rothschild gold ring, by political trickery,
and every species of subterfuge that the
ingenuity of greed and avarice could in
vent, backed up by bribery. Their last
effort is an attempt to make the people
believe that more money i'll circulation
would make them poorer. The fool hasn't
been born yet who can be persuaded to
believe that he will be injured by having
more money. AS with persons so it is
with whole nation of people. Nobody
believes the crazy cant of the gold ring
hireling press that the reconciliation of
silver would ruin the country" The
day should have gone by when such
people are treated with the respect due to
an honest difference of opinion. 1t is
unvarnished rascality and cheek which
says that adding to the money in circula-
ton would injure, really bankrupt, the
people and ruin the national credit. With
this effort in view the gold trust under
the title of Sound money" is playing its
last desperate game of deception. The
tons of literature with which they are
flooding the country, will not be read by
the masses, and those who read to gain
information will read both sides, which is
sure death to their sophistry, false state
nents and attempts to set up false prem
ises. With all the false statements of the
daily plutocratic press, which is entirely
under the pay of monopoly, the people
are moving in the interest of silver i'll all
parts of the country. The tide is too
strong to be mistaken. The gold crowd
see it plainly and are redoub1ing their
efforts to stopit.
The efforts of the republican leaders to
keep rump democrat party in the field
with straddling silver plank i'll its plat
form is painful. The object is to keep the
silver element from going in a stampede
from both old parties to the Populists.
The drift is so strong that it cannot be
checked, and the belief is steadily grow
ing in the public mind that there will be
straight fight on the financial question
in 1896, as there was in Jackson's cam
paigns. 1t is not at all unlikely that the
present congress will remonetize silver if
the banks can make compromise
and this is the hidden rock which threat
ems the present movement.
The Sibley party is ready to stop at re-
monetization and leave the banks in con-
troll, as they are at present. The "specie
basis" would be broadened more money
would be gradually got into circulation,
but little would be gained by honest
industry. The old system of panic breed.
ing would be left in the power of the
banks, and the era of speculation and
stock gambling continued with its per-
iodic mutations and contractions.
The primary money" financial theory
with silver supplement, is but one re-
moved from the gold "intrinsic" value
delusion. Mr.. Stewart calls it the auto
matte system. The output of the mines
it is believed would be sufficient to supply
the worlds demand for metal money on
which a safe system of credit could be
built by the banks, and the increase of
primary money" money of "final pay
ment," redemption money! and so on,
would be held in check and prevented
from there becoming a Redundancy of
money!" an unhealthy imitation of the
currency" This is styled the automatic
system. The business of the world is to
depend on the uncertain output of the
mines for money.
This, in''short, is the Sibley party.system
of free coinage, and if the pressure can be
made sufficiently strong the gold ring
power, which controls both the republican
and democrat parties, will close and COM
promise if possible with that branch of
the free coinage party.
Free coinage in the money plank of the
Peoples party has quite different sequel
While the financial plank of the party
means what it says taken i'll its broadest
sense, free coinage of both metals, at
ratio of I6 to I, limited only by the out
put of the mines, supplemented by a
national paper currency, not under the
control of private corporation banks,
such as our present national banks, but
total abolition of such banks, and their
place supplied by national system of
banks, under government management
as wholly and completely as the post
Office department is. This is the broad
and comprehensive difference between
these free coinage parties in their mean
ing of unlimited coinage of both silver
and gold at the ratio of I6 to I, indepen-
dent of, and without regard to, the action
or wishes of any other and all other
governments.
In the near future the gold ring will
offer to meet and treat with the Sibley
party of free coinage on common ground.
OF this we think there is no doubt as the
free coinage movement develops increas-
ing strength.