The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-02

| IL.
| ometallism and free trade must go TO-
| gether. Protection increases the cost
| of production, while a single gold
| standard increases the value Of prop
| erty. When the cost of production ex-
ceeds the price of the commodity
produced, either the manufactures or
consumer must suffer. If the manu-
| facturer cannot sell his manufacturer
goods for what they cost him he will
| not be likely to continue the business
! very long. AS declared by George NJ.
! Pullman in his statement to the pup
| lie: The business depression existing
/ throughout the country had naturally
resulted in a wage depression, and the
| only hope of getting orders was by
| bidding for work at prices as low, or
| lower, than could be made by other
| shops, and this, OF course, necessitated
| a reduction in wages of the employees
| at Pullman" The consequence of this
is strikes. lockouts and riots. There
are indigenous to the countries which
I maintain the single gold standard.
The maintenance of gold mono
metallism necessarily results in the
annihilatiOn of our national currency,
which has been the boast and pride Of
the Republican party. The recent
raids upon the treasury fully verify
this fact. In the Democratic admins
tratiOn of President Cleveland our ma
Next to the hatred of the Union sol
der IS that Of the greenback. They
never can forgive it for the part it
played in Suppressing the rebellion
They desire TO supplant it with the
wildcat" or state bank currency of
ante-bellum days. The declaration Of
the Democracy in the Chicago plat
form, favOring the repeal Of the 10 per
cent tax on state bank issues was made
for this purpose.
The cry OF the Democracy, as pro-
claimed by its president, is: THE gov
eminent must go out Of the banking
business" And still more elaborated:
The absolute enforcement of the gov
eminent from the business Of banking
is the ideal relationship of the cur
rency of the country" If any proof
were lacking in this matter the plea
for currency REFORM" as urged by
the president and embodied in the bill
by Secretary Carlisle TO the committee
on banking and currency of the last
congress, fully supplies it.
In the address delivered by ex-Con-
gresham Harter Of the coinage,
weights and measures committee of
the Fifty-third congress, before the
State Bankers association at Sara
toga, y. Y, an July II, 1895, is embOd-
led the proposition of the Democratic
party. He asid: Let us make il safe
and sure by redeeming and cancelling
the greenbacks ana getting the govern
ment out of the banking business, let
ting the people conduct their own busi-
ness affairs and supply all the paper
money they need, providing for its
prompt redemption in gold. and let the
nations know that the United States
IS, for all time, sound money, honest
dollar nation"
The Democracy is opposed to bimet-
ol INT Of
gold mOnOmetalism; and the annihili-
alton of our national currency, thus
necessitating the issue of millions Of
bonds, and the establishment Of the
old state bank system of currency, still
further approaching the value of gold
to a loss to the people in the shrinkage
of values and the striking down of all
protection to the manufacturing, agri-
cultural and labor interests Of the cOun
try to build up ann aristOcracy on the
one hand and seldom on the other
which would finally result in the de-
structiOn of the liberties of the people
and the overthrow of the republic.
When the demOnetiZatiOn of silver
became known the people demanded
its restoration. But while they asked
for bread they were given a stone.
The Democratic party in its platform
at Chicago declared: g We hold to the
use of both gold and silver as STAN
dard money Of the country. and to
the coinage of both gold and silver |
without discrimination against each !
metal or charge for metage." Thus |
the people had right to expect in case
that party was successful. as 1t was.
the above declaration would be carried |
out in good faith. In this, however. |
they We're deceived. AS soon as Mr. |
Cleveland was elected he began a war !
on silver. He declared that the sal |
walton Of the country depended upon |
the immediate repeal Of the silver pur- |
chasing clause of the so-called Sher- !
man law; that with this repeal, pros |
perity and good times would return. !
Accordingly. congress was called to- |
sether in special session on Aug. 1883, !
u repeal the law. In his message at |
the time President Cleveland among
other things said: Gold and silver |
must part company" This. too, not
withstanding ne was elected on plat
form in favor Of bimetallism. The sill |
Yer law was repealed and with it the !
last hope Of bimetallism under a Demo-
cratic administration. Congress af- |
forwards, in order. if possible. to make
some amends, passed what was called |
the 'seigniorage bill" which. however.
was promptly vetoed by the president
We are told by the gold mOnometal-
lists that to restore silver as standard /
money would drive gold ont of the
country. II is already out Of the coun
Try and can only be brought back by
the issue of bonds and list purchase by
the government.
But we submit that 70 restore silver
would not drive gold out of the coun-
Try. The unlimited demands for both
metals without legislative discrimina-
ton against each other would place
both on a commercial parity As to
the lncrea Sed production Of silver over
gold statistics show that the proper
ton of the worlds product Of silver
over gold was greater before than since
It's decentralization. In our judgment
is the only thing that will
control gold and make 1t tributary to
the wants Of the government and save
the people from hankruptCv
me Democratic administration is !
trying 10 control gold by placing the
treasury under a syndicate of foreign
shNlocks. and has actually paid them
some nine millions in the nature Of
commissions on the S.. GOO 600 of bonds
sold to them in consideration of nro-
tectInS the treasury until about the
first of October. What a humiliation, |
- the American people, The only way
10 prevent these raids on the national
treasury is by the restoration of silver
y the position Of standard money.
W uncut thlS, as j seems 10 us. these |
raids VIII continue until the country
becomes hankrupted and the liberties
Of the people destroyed
Therefore, as Republicans. desiring
II secure the best interests Of The neo
pie. and. a the same time. preserve and
perpetuate our party. We demand:
First-The restoration Of silver -
standard money-the position it oc-
cupied before its demonstration by con
SreSs in 1913, With such protection by
way Of duty on imported silver as shall
equal the difference. if any exist. be-
tween the commercial and coinage val