The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-11-02
THEIR WORDS QUOTED.
The Republican Party Heretofore Fa-
vored the Double Standard and
Free Coinage of Both Metals
The Single Gold standard a New Departure
Good Reasons Why the Rank and
File of the Party should Not
Abandon Its Safe Old Posi-
tion I'm Favor of the
Double Standard.

prove the correctness of their position
in favor of the free coinage of gold
and silver by the scientific opinion of
the world, by the experience of man
kind, by the founders Of our govern
ment and by the most onored and in
fuential leaders of the Republican par
ty. There has scarcely been a Repub-
lican Of sufficient prominence to en-
title him to leadership since the party
was organized who has not. at
some time. declared against the gold
standard and in favor Of bimetallism
and the reconciliation of silver. In
every instance these declarations have
been freely aud voluntarily made. and
without other incentive than that sup
piled from an active conscience and an
honest mind. 1t Is the exigency of
partisan politics, controlled by the
money power. that has placed the Re-
publican party where it is and has
compelled some of its leaders to stulti-
fly themselves on the subject.
Silver was not demonetized until aft
er the tragic death Of Mr.. Lincoln, but
the money sharks were busy with the
greenback issues Of the war period
while Lincoln was in the White House.
n the Martyr President thus spoke
from the depths of his honest heart of
an evil from which this country has
since suffered much.
If a government contracted a debt
with a certain amoInt Of money in
circulation, and then contracted the
money volume before the debt was
paid, 1t is the most heinous crime that
a government could commit against
the people"
There is $3.50. 900, 900 less money in cir
%culation now han there was two years
ago, so that the heinous crime of which
Lincoln spoke is now being inflicted on
the people.
President Grant said: With free and
unlimited coinage of gold and silver we
will clear ava u public debt before
the close of the century,"
General Grant declared afterwards
that he did not know he had signed a
bill to demonetize silver. The end of
the century is almost here. and he
public debt has not only not been
cleared away. but 1t Is nov growing
larger. Because Of the depreciation of
the gold standard 1t will take more
days labor and more bushels of wheat
to pay what nov main OF the public
debt than 1t would in General Grants
time to have paid the whole of it. Jesse
Grant is supporting Bryan and free sill
yer and believes his distinguished
father would do the same If he were
living.
Speaking in the house Of representa-
tives on Feb. 7. 1873, Mr.. Blaine uttered
these prophetic words:
Il believe the struggle now going on
in this country and other countries for
q cipola cold cfor1orI u,n,,l1 if me-
c~essful. produce widespread disaster in
and throughout the commercial world.
The destruction of silver as money, and
the establishing of gold as the sole unit
Of value must have a ruinous effect on
all forms Of property. except those in
vested which yield a liked return in
money. These would be enormously
enhanced in value, and would gain a
disproportionate and unfair advantage
over every other species of property"
President Garfield aid Every man
who is opposed to the use of silver
coin as a part Of the legal currency Of
the country, l disagree with. Eve
~ man who Is opposed to the actual
legal use OF both metals, I disagree
with. l would endow the two dol
lars with equality and make the coin
age free"
Even enato job Sherman Is on
record against the gold standard and
the demonetiZation of silver. In q
speech to the senate on April 10. 1876.
Congressional Record. vol. 4. pit. 3, D..
2,341) he said: ITO adopt the gold
standard alone. n demonetize silver
would be to deprive the poor people Of
the world of the money which alone
measures the value of their produce
tions and their labor. " Gold
alone Is not suitable for a currency, be-
cause 1t will not measure the daily
wants Of the great mass Of mankind"
Major Mckinley voted for Senator
Stanley Matthews resolution. In 1887,
which declared the bonds Of the United
States payable in silver as well as gold.
In the same year he voted to pass q free
silver bill through the house. and
when President Hayes vetoed 1t, voted
TO- Eas It oyer tie veto.
ih a letter to Hon. Z. s. Perkins OF
Medina county. o.. in 1890, he said:
Il have always been in favor of the
free and unlimited coinage of the silver
product of h United States, and have
SO voted on at least two occasions dur
ing the time ! have been in public life.''
In a speech In the house of repre-
SSHtdtlNGS Ou MAY .. toJV. MAJOR Nc
Kinley said:
When merchandise Is the cheapest
men are the poorest. and the mos,
distressing experiences in the history
of our c~ountry-aye, in all human his.
tory-have been when everything wa.
the lowest and cheapest measured b,
gold. for everything was the highes
and the dearest measured by labor"
Again on ms "a, 1890. he said:
II am for the largest US. of silver II
the currency of the country. I woult
not dishonor It.: ! o give It eQua
credit and n with gold. I woult
make no discrimination. / would u.s.
both metals as money and discredi
neither. I4Hant the double standard.
On Feb. y. 1891. he thus denounces
Cisvslakd's financial policy in a speecl
ut Toledo. o.:
During all Of Grover Cleveland