Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-08-01

vent for the future the destruction OF
the legal tender quality OF any kind Of
money by private contract. We hold
that the power to control and regulate
a paper currency Ii inseparabe from the
power TO coin moneys anu heHee, that
all currency INTENDED to circulate as
money should be issued and It's volume
controlled by the general government
only, and should be d legal tender.
We Are u~nalterably opposed to the
issNe by the United States OF interest
bearing bonds in time of peace, and wa
denounce as a blunder, worse than a
crime, the present treasury policy con,
CURED In by a republican house OF
plunging the country into debt by hun
dreds OF millions In the vain attempt to
maintain the gold standard by borrow.
Ing gold; and we demand the payment
o. all coin obligations of the United
States, as provided by existing laws, In
either gold or silver coin. at the option
OF the government. and not at the OPP
ton OF the creditor. The characterization
of silver In 1873 enormously increased
the demand for gold. enhancing its pur-
chasing power and lowering all prices
measured by that standard; and since
that unjust and lndefensible act the
prices OF American products have
fallen upon an average nearly
so percent, carrying down with
them proportlonately the money value
Of all other forms of property. Such fall
OF prices has destroyed the profits Of
legitimate industry, injuring the pro-
ducer for the benefit of the nonproduce'
Increasing the burden OF the debtor
swelling the gains Of the creditor, paral-
yZing the productive energies Of the
American people, RELOCATING to idleness
vast numbers of willing workers. send
ing the shadows of despair into the
home OF the honest toller, filling the land
with tramps and paupers. and building
up colossal fortunes at the money cen,
tiers.
In the effort to maintain the gold
standard, the country has within the
last two years, In a time OF profound
peace and plenty. been loaded down
with t2s2, 900, 900 Of additional interest
bearing debt under such circumstances
as TO allow a syndicate OF native and
foreign bankers to realize A net profit
OF millions m AZ single deal.
Il stands confessed that the gold
standard can only be upheld by so de-
pleting our paper currency as TO force
the prices of our products blow the Eu,
ropean and even below the Asiatlc level,
to enable US to sell in foreign markets,
thus ag~gravating the very evils OF
which people so bitterly complain,
degrading American labor and striking
at the foundations of our civilization IL.
self.
The advocates of the gold standard
persistently claim hat the real cause
Of our distress Is overproductlon-that
we have produced so much that it made
us poor-which implies hat the true
remedy Is to close the factory, abandon
the farm and throw a multitude OF peo.
pie out of employment: a doctrine tina.
leaves us unnerved and disheartenec
and absolutely without hope for the
future.
We affirm 1t 10 be unquestioned that
there can be no such economic paradox
as overproduction, and at the same tlmo
tens OF thousands Of our fellow citizens
remaining half clothed and half fed and
who are piteously clamorlng for the
common necessities OF life.
over and above all other questions o.
policy, we are in favor of restoring to the
people OF the United States the t.me hon.
ored money of the constitution-gold and
silver, not one but both-the money OF
Washington and Hamilton, and Jefferson
and Monroe, and Jackson and Lincoln, &c
the end that the American people may re.
ce,ve honest pay for an honest product:
that the American debtor may pay his
just obligations In an honest standard and
not i'm a dishonest and unsound standard
appreciated 100 per cent in PURCHASING
the uniust advantage winch they now en-
low. in the difference in exchange between
gold and silver. an advantage which tarir
legislation cannot overcome.
We. therefore confidently appeal to
the people of the United States to hold
IN all other questions. however
,mnortant and even momentous they
NAV appear, TO sunder, IL need. be al
former party ties, and affiliations. anc
mite In one supreme effort to free them
selves and their children from the dom
ination OF the money power-a power
more destructive than any which ha'
ever been fastened upon the civilized
men of any race or in any age. AM
upon the contamination of ourdesires an
efforts. we evoke the aid of all patriots
American citizens and the gracious ia
yor OF divine providence.
Bryan and Sewaii Nominated.
st. Louis, Mo-, July 25.-The nations
silver convention nominated Bryan an
Sewall by reclamation last night.
The convention then adjourned sin
die.