The record-union., 1896-08-27
safety engage in further experiment in
this direction.


the two metals, and all agree upon the
quantity Of silver which should consti-
tute a dollar, then silver would be as
free and unlimited in privileges of coin
age as gold is to-day But that we have
not been able to secure, and with the
free and unlimited coinage of silver
adopted in the United States at the
present ratio we would be still further
removed from any international agree
ment. We may never be able to secure
it if we enter upon the isolated coinage
of silver. The double standard implies
equality at a ratio, and that equality
can only be established by the concur
rent law of nations. 1t was the concur
rent law of nations that made the gold
standard; it will require the concurrent
law of nations to reinstate and sustain
it.
1T FAVORS THE USE OF SILVER
MONEY.
'The Republican party has not been,
and is not now, opposed to the use of
silver money as its record abundantly
shows. 1t has done all that could be
done for it's increased use, with safety
and honor, by the United States acting
apart from other Governments. There
are those who think that it has already
gone beyond the limit of financial pru-
dence. Surely we cln go no further,
and we must not permit false lights to
lure us across the danger line.
MORE THAN ANY OTHER COUN-
TRY.
I'VE have much more silver in use
than any other country-$500,O00,0 900
more than Great Britain, $50 100000
more than France, S400, 900, 900 more
than Germany, 100000 900 less than
India, and 1925, ,000, 900 less than China.
The Republican party has declared in
favor of any international agreement,
and if elected President it will be my
duty to employ all proper means to pro-
mote it. The free coinage of silver in
this country will defer, if not defeat, in
ternational bimetallism, and until an
international agreement can be had
every interest requires US to MAINTAIN
our present standard.
"Tndependent free coinage of silver at
a ratio of IS ounces of silver to 1 ounce
of gold would insure the speedy con-
traction of the volume of our currency.
1t would drive at least 5O0O00,000 gold
dollars, which we now have permanent
ly from the trade of the country, and
greatly decrease our per capita circu-
lation.
1T is not proposed by the Republican
party to take from the circulating me-
dunn of the country any of the silver
we now have. On the contrary, 1t is
proposed to keep all of the silver money
now in circulation on a parity with gold
by maintaining the pledge of the Gov
ernment that all of it shall be equal to
gold This has been the unbroken pol
icy of the Republican party since 1919.
1t has inaugurated no new policy. 1t
will keep in circulation and as good as
gold all of the silver and paper money
which are now included in the currency
Of the country. 1t will maintain their
parity. 1t will preserve their equality
in the future as it has always done in
the past 1t will not consent to put this
country on a silver basis which would
inevitably follow Independent free coin
age at a ratio of IS to 1. 1t will oppose
the expulsion of gold from our circula-
ton.
FARMERS AND LABORERS SUF-
FER MOST
eff there is any one thing which
should be free from speculation and
fuctuation it is the money of country
IL ought never to be the subject Of mere
partisan contention, and when we part
with our labor, our products, or our
property, we should receive in return
money which is as stable and unchang-
ing in value as the ingenuity of honest
men can make it. Debasement of the
currency means destruction of values.
f,.C,r haa -
money as the farmers and laborers.
They are the first to feel its bad effects
and the last to recover from them.
This has been the uniform experience
Of all countries, and here, as elsewhere,
the poor, and not the rich, are always
the greatest sufferers from every at
tempt to debase our money 1t would
fall with alarming severity upon invest
rnents already made; upon banks and
their depositors; upon building and
loan associations and their MEMBERS
upon the savings of thrift; upon pen
sioners and their families; and upon
wage earners and the purchasing power
/ of their wages.
/ UNLIMITED IRREDEEMABLE PA
PER MONEY.
THE silver question is not the only
/ issue affecting our money in the pend
! ing contest. Not content with urging
/ the free coinage of silver, its strongest
/ champions demand that our paper
money shall be issued directly by the
/ Government of the United States. This
/ is the Chicago Democratic declaration.
! The st. Louis Peoples party declara-
ton is that our national money shall
| be issued by the general Government
only, without the Intervention of banks
Of issue, be full legal tender for the
/ payment of all debts, public and pri-
vate and distributed direct to the peo-
| pie through lawful disbursements of
the Government
Thus, in addition to the free coinage
Of the worlds silver. we are asked to
! cEter upon an era of unlimited ire
deemable paper currency. The ques-
ton which was fought out from 1865 to
1879 is thus to be reopened with all it's
uncertainties. and cheap money expert
ments of every conceivable form foisted
upon US. This indicates a most start
ling reactionary policy strangely at
variance with every requirement of
| sound money finance. But the decla-
ration shows the spirit and purpose of
those who by combined action are con-
tending for the control of the Govern
ment. Not satisfied with the debase-
rnent of our coinage, which would inev-
itably follow the free coinage of silver
at III to l. they would still further de-
| grade our currency and theraten the
public honor by the unlimited issue of
an irredeemable paper currency. A
Sraver menace to our financial standing
| and credit could hardly be conceived
and every patriotic citizen should be