Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1895-05-17
STEWARDS SATIRE.
HE ANALYZES CLEvELAND'S LET
TER TO GOV. STONE.
He Asks Some Pertinent and Some
lmperlinent Questions, which
Will Probably he Passed by
in Silence by the Advocate Of
ssSOund Money,

SuiTkluS lTOll your l1Idli, Coustitu-
tional duty of personal participation
in the political controversies which
agitate the people.
"The originality of your discovery
that the South favors silver mono
metalism when it only contends for
the coinage OF silver upon terms and
conditions applicable to the coinage Of
gold can never be questioned. You
will undoubtedly explain in your next
letter why the free coinage of gold
and refusal to coin silver is bimetal-
ism, and the unrestricted coinage OF
both gold and silver in silver mono
metalism.
"Your wonder why the South does
not appreciate the advantages of SELL
ing its exports for gold prices is in
harmony with the profound thought
and great wisdom of your Chicago let
ter, wherein, referring to the farmer.
you said: Let us remind him that
he must buy as we'll as sell; that his
dreams of plenty are shadowed by the
certainty that if the price of the things
he has to sell is nominally enhanced,
the cost OF things he must buy will
not remain stationary
From your unselfish point OF view
there is no answer to this argument.
The discovery you have made that the
sales and purchases OF the farmers
and planters in a cheap gold market
exactly balance each other, and that
what is lost by the low price of GALES
is gained by the low price of pur-
chases, solves the question ard shows
your full comprehension OF all the
principles of economic science. The
fact that less than 100000 pounds OF
cotton or $4,000 bushels of wheat
would pay the $4,000 annual salary
President Grant received, while it now
requires 100000 pounds of cotton or
$1,000 bushels OF wheat to pay your
salary, which is the same number of
dollars as that of your predecessor,
shows the superiority of the "sound
money" you have established and
maintained.
Your wonder at the imbecility of
the farmers and planters in failing to
appreciate the benefits of cheap
market for what they sell is most
reasonable and natural from yonr un-
selfish, comprehensive view Of the sub
ject. You take into consideration
that cheap market where they sell
creates a cheap market for what they
buy. and you realize, if they do not,
the advantages they have in selling
more than they buy, and thereby re-
lieving themselves of more cheap pro-
ducts than they are compelled to
buy.
"They are at liberty to sell enough
more than they buy to obtain money
to pay interest and taxes, which to
them may seem hardship, but which,
on account OF your superior wisdom
and patriotism, you know to be a
blessing which their dull comprehen-
sion fails to appreciate.
"The luxury Of buying in a cheap
gold market with money remaining
after discharging these nominal obi
cations is not sufficiently priced by
the discontented planters and farmers.
The slight discrepancy between the
amount lost in sales by low prices and
gains by purchases in a cheap market
ought never to be considered and is
properly excluded from the wise and
benevolent councils of Wall and Lom-
bard streets, and also from the learned
deliberations of the White House,
where your annual salary OF $4,000
is promptly paid.
"Your declaration that the gold
standard established by the Republi-
can party in 1873 is the traditional
doctrine OF sound money of the DEM
ocratic party, ought to inspire every
Democratic heart with unbounded
enthusiasm. You arc right. There
is not room enough on a gold-standard
platform 10 accommodate the two old
parties in an active campaign before
the people, although the leaders OF
both have jointly occupied that plat
form for the purpose Of legislation
and administration for more than 90
years.
"You have achieved the proud dis
tinction OF being the first great Amer
lean statesman who proclaimed to his
fellow country the glory and benefits
of the single gold standard. You
have the right to eject the Republican
party from the platform of sound
money, which you have rescued from
the ignoble obcurity Of clandestine
use by timid and unworthy Republi-
can leaders, who secretly m"nopolized
the benefactions OF the gold combina-
ton until you appeared as the Moses
of scattered Democracy.
"The hereditary rights of the de
scendants of Shylock are safe in your
hands. Your decree OF low price and
less wages for those who produce. and
more gain and less sacrifice for those
who absorb, will he executed by the
power you command, while the trim
mers and dodgers of the Republican
fold are confounded and paralyzed by
your boldness and dash"