The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-27

iHeiCe hiloW no Doundar1eS. 3Wnat IS g0ou
business principle in Germany is good
IN America. Business honor, good faith
ana integrity are laws of universal appli-
cation imposed by the conscience Of the
civilized world. Nations may violate
them, but they cannot escape the penalty
that national perfidy deserves.
Is II naught that America should have
earned and received such a noble tribute
to ner work and worth in the elevation
OF the principles of international inter-
course as was paid to her week ago by
me Lord Chief Justice Of England? Amer
leans are not insensible of the good
Vplh.on OF the rest of the world though
NE, Bryan would try to make us So
Ihe Chicago platform demands the free
states, of silver at the ratio of 16 to T.
without reference to the action of any
4 o5her nation and without regard to what
Inc increase IN production OF silver may
pc in the future. That is a demand for.
| Tree coinage without regard to the rela-
slTe soa5 Vaine OF silver as compared with
goid. Such principle of coinage is III
opposition 20 the opinion and teaching OF
every prominent statesman of the repub-
the time when bonanza kings began 10
cevelop their untold wealth of silver
from from the new discoveries of the West.
When the government, newly established
under the federal constitution. desired !o
| establish mint and a system of coinage
/ George Washington was President, Thofa-
alexander Hamilton was Secretary Of the
Treasury. They examined with The
greatest care and mnuteness the relative
i commercial value of gold and silver in
order to ascertain the precise ratio AZ
which gold and silver dollars could be
coined and possess inherently the same
/ equallty OF value as before coinage
they found that in Holland. then a
great money centre, the ratio of value Of
sliEer 70 gold was 4 $40 to i; in London
Il was about Is to l. They took account
! IN those days of variations of a fraction
of a point in the ratio.
i,i1 Inc new school of financiers do not
- ftnrr NF
cent So Hamilton and jefferson recom-
insnaeq III fio and congress ENACTED that the
fario id.to should be Is to I, and George WASH
! lngton approved the bill
BY 1877 gold had disappeared from cir
cnlatlon Why? Because fifteen ounces of
silver had become worth less than one
/ silver and it drove out gold. In 1894
andrew Jackson being President Con-
gress, sun adhering to the principal that
the ratio of coinage should be the ratio
/ OF value of the metals, passed a law 5ix
| ing the ratio at 16 to l.
Ine extraordinary increase of the SUM-
Ply OF gold derived from the California
| discoveries deprecated a trifie the mar.
/ ket value of that metal SO that by 1879
Ihe market ratio was 15ll to l. Silver.
collars We're at premium of three cents.
silver coin went out of circulation Then
once more Congress stepped in to adjust
the fiuctuating ratio; reduced the weight
| OF fractional silver more than three per
| cent; limited its legal tender power 10
sums of five dollars and stopped its coin
| age on private account.
/ Itswas not until silver production had
aeyyteloped into a great enterprise yielding
mllllons of ounces month and the mar
| ket value of silver bullion became a mat
4 ter of daily quotation and fiuctuation like
wheat and oil, that we began to hear this
! silver talk.
The. silver miners are trying tremen-
dous bunco game. They are appealing to
the prejudices of the poor against money
| and capital in order that they may fur
IN -
colossal fortunes
1t is easy to see how they can profit by
free coinage; they are to get a thousand
| dollars for five hundred dollars worth of
silver. But how is anybody else to get
more than fifty cents for fifty cents
worth of work or produce? Oh, they
say, prices will go up, Why, four years
ago this Democratic party was appeal
Ing. to the people to vote for tariff
policy that would bring prices down, The
necessaries OF life-coal, wool, glass
clothing, sugar SALT lumber, butter eggs
hay, and thousand other things were
to be cheapcned for the benefit of the
farmer and wage Garner. Now they are
| to be doubled for the benefit of the same
classes. Let it therefore be clearly un-
derstood that the promise of Mr.. Bryan
is that his party, if he has a party, is
going to benefit the people of New Jer-
sey by raising the price of the neces-
| saries of life. Tell the working man
| that; tell it to the clerk. the teacher
the policeman, the fireman, the salaried
live on fixed incomes from investments
| made by dead husbands and fathers; tell
It to the soldiers of the Union. who are
| drawing their small pittances to help
their crippled dependence upon a gov
| ernment they suffered to save
MIR. Bryan says your gold money is too
valuable: it is 200 cent dollars. He will
| dilute it with silver until it is reduced to
/ the value OF silver. Which is only an
| other way of SAYING that every dollar
you have now shall be cut down one half
/ in value. Was there ever so stupendous
| a fraud SO openly advocated?
My friends, this hysterical phrensy for
the absurd doctrine of free silver is only
midsummer madness. IT will not stand
| the test of reason or of self interest.
Fortunately for our country and her
/ welfare and honor the Republican party
stands fronting it in Solid arrey. Con-
4 servative and consistent it stands today
| where it has always stood, opposed OF
fraud and national dishonor, in favor of
| sound currency, and devoted to that prin-
ciple of protection to the. interests of
American labor and American industry
/ which it has inherited from Washington
| Hamilton, Clay and Blaine. Our battle
cry is An honest dollar and chance to
| kfnley that it is better to open our fac
| tories to the free labor of the United
STATES than our mints to the free coinage
| of the silver of the world. Here is our
| platform ON that subject
We demand such an equitable tariff ON
| foreign imports which come into competi-
| liuIf WDtI American prOQuctS as viii not
/ only furnish adequate revenue for the
| necessary expenses of the Government
but will protect American labor from de-
/ gradation to the wage level of other
lands. We are not pledged to any par
| ticular schedules. The question of rates
| is practical question. to be governed
| by the conditions of time and of produce
tion; the ruling and uncompromising
principle IS the protection and Develop
| ment of American labor and industry
The country demands a right settlement
ana then II wants a rest"
Japan is a silver standard country. Ii
| pays IT'S workmen about ten cents a day
/ in the deprecated silver yen. India paws
/ its worRmen in the silver rupee. Mexico
| pays in fifty cent dollars All these
countries compete with America in MANY
| products of both farm and factory. We
| would keep our farmers and laberers
above the level of Japan and India and
| Mexico.
/ New Jersey has special interest in this
| election. second time now the Repub-
iican party has placed one of her sons
4 upon the national ticket Already the
high character, great business ability and
| genial personal attributes of Garret a
Hobart have brought strength and conf
/ dence to the cause OF sound money ,s-
pecially in the East When ths whole
land shall have learned to know him q
we know him, and to love him as we love
him, then 1t will appear that never in the
history of our party has nobler or bef-
| ter name been borne upon our banner for
the Vice Presidency.
The battle for principle for honesty