The Republican. [volume] (Oakland, Md.) 1877-current, 1896-11-12
NEXT STEP TO TAKE.
PR. Governs ideas on Following up Tues
days Victory.

Il
interest and work in the recent cam
baign is, of course, well known, in
commenting on the result, said recent
by through the Baltimore Ne1cS:
do not think it necessary to say
much in regard to the splendid vic
Itc7y which has been won both in
Maryland and the country at large.
Fhe victory tells its own story.
q II am satisfied the result is so de
lIsjsive that the doctrines Of the Chi
cago platform will never again be
adopted by the Democratic party or
by any respectable organization.
The cowardice of politicians alone
permitted these doctrines to get
Roadway sufficient to be placed i'll Il
platform and Endorsed by great par
ty. The result has taught the politician
that the American people are neither
stupid nor dishonest, and a stupid
and dishonest platform will not win
votes. ! think therefore, that the
politicians, especially the free-slver
politicians of the South, will see that
it would be ridiculous to insist any
longer upon the dogmas of the Chi
vEago,platform, including that of free
\ 1.-The result in Maryland is espec-
nlly gratifying and the election of
the entire Republican Congressional
ticket isanother notice 10 the time
serving politician that he cannot
change his convictions in an hour
and advocate to-day what he de
nounced yesterday and expect people
to follow him. Mr.. Rusll did very
manly thing in declining to become
candidate Oh free-silver platform
after he had been a oldstandard adj
vocate for years in the House.
think some other gentlemen are
learning that that was the best course
to pursue, both as matter of politics
and as a matter of honor.
THE test that was given to the
new election law, won after so many
years of effort, shows that it is one of
the most perfect pieces OF election ma
chinery to secure fair, honest and
peaceable election to be found any
where in the United States. 1t was
a great relief, think, to men of both
parties to know that upon Tuesday
no one for an instant thought of
fraud anywhere in Maryland.
"The effect Of the victory upon
business will be seen at once, indeed
it is already seen upon my table, where
are communications from large lend
ers stating that sums which were
called before election need not now
be paid. Business, | believe, will
adjust itself to conditions of sound
finance, that is to say to the exact
conditions of the gold standard
fen k1f6w 111fke Il
contract for a dollar, that that dollar
means so many grains of gold Or its
equivalent.
81 regard the question of the stand
ard of our money as settled by this
election. The business men of the
country should now take up the ques-
ton of the reform of the currency.
My Judgment is most decidedly that
the greenbacll and the Treasury note
must be retired and that national
bank currency must be provided,
based substantially upon the plan
adopted in this city some two years
ago by the American Bankers Asso-
citation and which is popularity known
as the Baltimore Plan. The Govern
ment is not fit to do a banking bust
ness the issuing OF notes in
tended to be used as money and pay
able in coin upon demand.
This is a function, the experience
of the world has shown should be
performed by banks. These banks
have assets which they can use when
required to procure the requisite coin
to redeem their notes; the Govern
ment, upon the other hand, has nc
assets and has no means of procuring
coin, except by borrowing Or taxation
and as long as the Government is il
the business and issuing its notes t.
be used as money there will be body
of cranks who, despite the experience
of the past, will insist that law ere.
ates value and that money can be
made by the Government and ought
to be made and made in plenty.
of course hundreds of years OF
kperience have exploded this theory
{ but all parties such as the late Popo
cratic party pick up rejected nos
'trums and offer them as cures fol
every political disease. 1t is, there
fore, very important, think, either
that the leagues which have carried
on the splendid fight, or the business
mems associations, such as chamber,
of commerce and other like organiza
tions, should make their influence
felt in demanding the retirement OF
the greenback and Treasury note.