The Kosciusko star., 1895-08-02
THE -FOUR FACTIONS.
Mr. !. H. Wallace Points Out
the Four.Cernered Fight.
NOW IT'S LINES ARE DRAWN
,,,hled standard and the Single
standard Advocates as viewed
by Free Ceiner.

by Free Ceiaer.
D' In a late issue Of your pa
oor YOU rendered the columns
! hereof to your readers for a dis
cns.ion ep Of the financial question,
sn issue which at present over
sb.dows all others in these United
States. avail myself of your
tind offer, and submit a few
thoughts upon this subject which
nrsssnt themselves to my mind in
rftrdying the views OF distinguished
and learned statesmen on all sides
Of the question.
The main issue is whether or
not silver shall be restored to its
former status as a money Of final
redemption along with gold, or in
other words, whether the "crlme
ol var when silver was dem0nc-
tned ,so called) should not be IN
done. and silver take its place
AGAIN as a money Of the constitu-
ton. a primary money or money
Of final redemption, on an equality
with gold, and its free coinage at
the ratio Of 10 to /. On this ques.
ton the people OF the United States
have divided into four different fac
tons, each faction having for its
leaders distinguished statesmen.
Twill try to give fair statement
Of the views entertained by each
one Of these factions as gathered
from their leading men and jour
mails:
The Gold Standard Faction.
Led by the present adminlstra
ton, they believe and teach that /
is isimpossible for our country alon
to maintain double standard, ant
therefore an international confer
ence is necessary to settle the stat
us Of silver as a money OF tn
world at ratio to be fixed by tn
representatives Of the nations III
terested in this matter. They be
heye that the free coinage at th
ratio Of 16 to I, would drive out {
circulation all the gold in OF
country and place the country Q
silver basis, and thereby estal
hsh silver monometallism, or
other words, that # the Unit5
States should open her mints
the free and unlimited coinage
the ratio Of 10 to I would have .
other effect than to dehasc the vs
ue ci our silver coin and force
to silver basis, and consequent
gold would disappear from circ
laton: that our silver dollar wh6i
Is now worth LOO cents all over L
world, would instantly drop to
bullion value, now about SO cent
and therefore there would be
contraction OF more than one thi
In our circulation and that III
contraction would be SO sUdd
and severe as to bring upon US
pane more sweeping and dlss
nouS than that of 1873, and til
Widespread ruin, suffering FL
distress would be the result.
The eDousl<@aandard Faction.
The double standard advocGt
believe in volume of money CO,
mensurate with the demands
the people, consisting Of gold a
silver as primary, or money OF
innate redemption, and curren
lssued by the government redee'
able in coin of both gold and 8
yer on equal terms and that t
unit Of value should stand up
both gold and silver, that bo
hould be used as standard mon
the country, and there shou
pc no discrimination against eth
fmetal in the coinage thereof, a
mat parity OF the metals can
maintained at the ratio of 10 to
oy the United States alone, inc
pendent Of the will, inclinatlo
dictation or influence of any f
= elgn power, and that the establis
ment Of gold standard in Il