The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-01-31
GOLD VS. PROSPERITY.


For the past two years we have been
| told with elaborate rhetoric and great
ability, by all the advocates of the gold
standard, that gold would flow into this
I country, whenever it was settled that
| our currency and bonded indebtedness
rested upon the gold standard. Con.
gress, by the urgent advice of President
Cleveland, settled the question in exact
| accord with the theory of the gold bugs
and what is the result? Since that uues.
ton was settled we have sold Sl00, 600 600
of government bonds, increasing the in
terest bearing debt of the people by that
ratio, and today the government owns
about $15,000,O00 less gold than before
any bonds were issued, and during the
week, which closes today, we have part.
ed with more gold than during any other
week since the brutal gold reserve hum.
bug was started. We learn by telegraph
from New York that the engagements of
gold for shipment across the Atlantic
today aggregate 100000. This
makes the total exports for
the week 81 100000. Never since John
Sherman established this gold reserve,
for the benefit of the New York banks
and the celebrated foreigners, has there
been withdrawal of gold for export in
any one week equal to this weeks with.
drawas.
Is it any wonder that men of solid
sense, everywhere in the Democratic
party, are out of all patience with this
policy2 1t is marvellous that the powers
that be cannot see where we are drift.
ing. In the great campaign of 1892 the
American people voted for a change in
our fiscal and economic policy, by
popular majority unequalled in the an
nails of our politics. But instead of
realizing on the peoples hopes
and the party's sacred pledg-
es, we have witnessed in NOR
tiiCation and woe and disaster,
that produced the panic of 1898, and
which has wrecked so many thousands
of the best business men of the country.
reduced the value of land and the pro-
ducts of the soil and the workshops over
l5 per cent. in one year, and reduced
the price of labor by still larger per
cent.
This deplorable condition has been
continued by ignoring the prinCi
pies and traditions of the Democratic
party, as proclaimed and defended by
all its true and trusted leaders, for over
a hundred years ofhistory.
We are sure we voice a fervent hope,
well nigh universal in the ranks OF the
Democratic party, that this ruinous
policy should be changed. There are
indications that President Cleveland will
heed the advice of the true and trusted
leaders of the party, whose counsel he
has thus far spurned, and put the grand
old party of the people again in
line with its time honored principles and
traditions. If that should be done,
the masses of the people, now
moody and in despair, will again
rally, as of yore, around the standards
of the party.
Stop the issue of bonds, and restore sill
yer to its place in our coinage. This will
stop the appreciation of gold and the de-
probation of all other property and the
hire of labor, and the country, released
from the shackles of the gold kings of
Europe, will again lift itself into the sun
light of its old time prosperity.
In war the General who loses a cam
paign and wrecks his army is always
asked to surrender the remnants of his
command and retire from the field of his
disaster.
1t is time for the gold bugs to retire.