The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1896-09-03
not Win sarery engage m IurxneF ~
periments in this direction.
THE DOUBLE STANDARD.

c1Ona1 TaClO, winch Eli tQ6 leAQln& ma
tions of the world would adopt, and the
true relation be fixed between the two
metals, and all agree upon the quantity
Of silver which should constitute q dol.
lar, then silver would be as free and un.
limited In its privileges Of coinage as
gold is to-day. But that we have not
been able to secure, and with the free
in the United States at the present ra-
ito, we would be still further removed
from any international agreement. We
fne &c bs o It IL Il We
The double standard implies equality at
a ratio. and that equality can only be
established by the concurrent law of ma
tfons. It was the concurrent law Of ma
lions that made the double standard; it
will require the concurrent law Of ma
tions to reinstate and sustain 1t. !"
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. It has done all that could be
done for its increased use with safety
and honor by the United States, acting
apart from other governments. There
are those who think 1t has already gone
beyond the limit Of financial prudence.
Surely we can go no further. and we
must not permit false lights to lure US
across the danger line.
MORE THAN ANY COUNTRY.
We have much more silver In use than
any country in the world. except India
or China-$500, ,o0o, 900 more than Great
Britain, $150, ,000, 900 more than France,
$400, ,000, 900 more than Germany, $685.
000, 900 less than India, SIPS. 100000 less
than China. The Republican party has
declared in favor Of an International
agreement, and, If elected President, it
will be my duty to employ all proper
means to promote 1t. The free coinage
of silver In this country would defer, II
not defeat, international bimetallism,
and until an international agreement
can be had every interest requires us to
maintain our present standard.
Independent free coinage of silver at
a ratio Of sixteen ounces Of silver to one
ounce of gold would insure the speedy
contraction Of the volume Of our cur
rency. It would drive at least SOC, DOC, 900
of gold dollars which We now have per-
manently from the trade of the country
and greatly decrease our per capita cir
culation. 1t IL not proposed by the Re-
publican party to take from the ctrcu-
silver we now have. On the contrary, it
IL pro- ssed to keep all OF the silver
money low in circulation on q parity
with gold by maintaining the pledge OF
the Government that all OF 1t shall be
equal TO goio. THIS mas Dee1 Ine un-
broken policy Of the Republican party
since 1873. It 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. It will main
tain their parity. It will preserve their
equality In the future as it has always
done in the past. II win s z.ct ct consent to
put this country ON silver basis. which
would inevitably follow independent
free coinage at ratio Of i8 to I. It will
oppose the expulsion Of gold from our
circulation.
FARMERS AND LABoRMRs sUF-
FER MOST.
II there Is any one thing which should
be free from speculation and huctua-
ton. It Is the money OF the country. It
ought never to be the subject Of mere
partisan contention. When we part with
our labor, our products. or our property,
we should receive In return money
which IL as stable and unchanging In
value az the ingenuity Of honest men
can make 1t. Debasement Of the cur
rency means destruction Of values. No
one suffers 50 much from cheap 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 experiences OF all
countries, and here, as elsewhere, the
poor and not the rich are the greater
sufferers from every attempt to dehase
our money. It would fall with alarming
severity upon investments already
made; upon insurance companies and
their policy holders; upon savings 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 IL not the only issue
affecting our money in the pending con-
coinage of silver, its strongest CHAM
pions demand that our paper money
snau De issued dIrectiy py the Tovvrn-
ment Of the United States. This Ii the
Chicago Democratic declaration. The
st. Louis Peoples party declaration is
that sour national money shall be issu.
ed by the General Government only.
without the Intervention Of banks Of is
sue. be full legal tender for the payment
OF all debts, private and public, and be
distributed direct to the people and
through lawful disbursement Of the
Government"
Thus. In addition to the free coinage
OF gold and silver. we are asked to en-
ter upon an era Of unlimited irredeem-
able paper currency. The question
which was fought out from 1866 to 1875
is thus to be reopened, with all Its cheap
money experiments OF every conceiv-
able form foisted upon US. This indi-
Gates q most startling reactionary pol
icy, strangely at variance with every
Of sound finance: but the
declaration shows the spirit and pur-
pose OF those who, by combined action,
are contending for the control OF the
Not satisfied with the de-
basement Of our coin. which would in
evitahly follow the free coinage OF sll-
yer at 16 to /. they would still further
degrade our currency and threaten the
public honor by the unlimited issue Of
an trredeemable paper currency. A
graver menace to our financial standing
and credit could hardly be conceived,
and every patriotic citizen should be
aroused to promptly meet and efectu-
ally defeat It
IN THE HIGHEST DEGREE REPRE-.
HENSIBLE.
It IL a cause for painful regret and So
licitude that an effort is being made by
those high in the councils OF the allied
parties to divide the people OF the coun-
try into classes and create distinctions