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

| and elect a congress and president on
| this issue. There is no hope whatever
that the Republican party, as a party,
Will change it's 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
its 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 a 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
tons 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-
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 On
this issue or the cause is lost and with
it the independence of the people, No;
old party ever carried through a 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 Isl
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
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 a 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. .r- ..sr. -.
Better prices under existing condi-
lions cannot be expected. A debtor la
ton cannot maintain an even level of
| prices with creditor nations. The sin
gle gold standard can be maintained in
| 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 of us for what we
| owe them, instead of demanding sold.
! Any policy, therefore, that tends to
raise prices necessarily operates to ex-
pei gold. This condition of things can
| ha h1Y 10 ri
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 Inaugural ton of a 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 ultiz
| mate outcome the question of a suf-
| ficiencE or scarcity Of money is 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 may
| do or may not do. When our monetary
system was established over hundred
| years ago, with a population. of less
1 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
ences 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 it's
financial policy.
ut is believed that the United States
has power enough in the commercial
world to- alone restore the link be-
tween gold and silver broken in 1873