New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-15
SOTND MONEY.

Tho Ohio DatfOrm regarding h'o'' A.,
s,,;t some of our Democratic lri'""''
nreliction NAV be safely made 'n'' ~
crot of competence will undertake s'i'o'
criticisc that platform To Dera'e H. '" a.
# and call II a s,raddle without hi.h
rrovisions is much safer ana e'Sie'' '''
Ronublican party dos not s'raoun'' v"
moncv ouestlon or any other Inc Univ w
t,o, e in absolute harmony with the legislation
Of the Republican party. under Which so"
vow and manor have been in fact maih'aih'" ~
,o,,,r ovcr since January |. 1871. WITHOUT 'ne
s,;,h,ost breok or variation in purchasing po"V''
,,,,oro 4; M, the ghost OF reason 1or pe'ie' 'ns
th,, tho same policy, II prolonged indefinitely,
,,,u rcsu,, in ANYTHING but gold standaru vi
..,,,,o Tho man who pretends otherwise proves
~. ,,.r want of honesty. because he cannot
,,osS,,,, satisfy his own mind that currency
- ,.ariors forms. all kept equal to gold III pur
y, ,ou.or Involves or by possibility can
nroduce anything else than GOA s'"n''"'"
,rno ,eonlo understand thoroughly the Trick OF
',. ,.r.ors ~ which President Cleveland
has lent himself They want to Dreah "o" " anu
destroy the lcgal-tcnder currency OH 'hc p''
fence that it is unsafe In order 10 ni"Ae w."
for 4 greatly enlarged Nationa! pahh c'''"'.
.,a III, s,r,icht fact is that the people VIII
-, have, chat change. What their temper may
no In the distant future Is ano'her q"''""'
For the present. II Is rs PLAIN rs III! ."'"s ''''
M. that an attempt 10 curtail or rc're ''ic s'''N
hack circulail lion will he overwhemhgl' "'i'''
-, IL, tho ncoplc. no matter how high the repu'a-
ton Of those making il. There rs no u'siI'
uho,evor with the millions of voters, 10 get
r,d ~ , currency which costs the Nation noun
inc and 10 incur n yearly interest charge o'
Ell ooo ooo or $40 900 900 for that purpose III
or1cr ,o give National banks larger circulation
and larger profits. A few thousand conspic-
,ors norsons who have the ear of few news
papers may favor such chahge. INV "'''''"
are against |, and will beat H.
That is the exact meaning OF the ONO pi"'.
form II set, heavy foot on all schemes Vi
creenhack retirement 1t demands the main
tcnance Of currency ~ gold. SILVER or P"P'''
all tent Z. a rarity with gold. Nor Is thrr" any
reason to suppose that this panty ''n"'. W.
maintained For fourteen years prior to 1873
il WAS maintained withou, difficulty or FISK OF
tho SLIGHTEST cost There would have been no
cost or difficulty then had not the D'iho'''"'
Administration started the notion that new
Treasury notes might be redeemed III s'N''
ONLY Secretary Carslc's letter pointing III 'hh'
direction was quickly dlsaV""'u u! NV '''''
dont hut no was too late to clear away dlstrust,
and the Withdrawals OF gold from banks con
timed Converted by the tremendous popular
demand for sound currency. the President ana
Secretary have since chosen the opposite ex-
IRENE urging retirement OF legal tenders, Dut
that also is forbidden by the millions VINO RUE
How the greenbacks and the silver notes are
70 be maintained ut par in gold is problem OF
craftsmanship. 1t involves an adequate reve-
me- and not that only. hut an adequate protec-
tive tariff For the encouragement OF excessive
| impor,s by low duties threatens the soundness
| Of the currency more directly than anything else
| because IL necessarily takes out OF the country
| more gold than can be spared. Even II the
| revenue were large enough to cover Govern
| mpnt expenses there would still be an ontgo of
| gold. SO LONG as tie tariff stimulates imports
| far beyond the foreign dema nj for products OF
| this country Nor can any man satisfy his own
| conscience by saving tina, the nominal value OF
| imports is not greatly In excess OF exports be-
| cause IL Is admitted by all parties. and even by
the Secretary Of the Treasury in his approval
Of the pending administrative bill, that the true
| value of imports Is by 10 means stated in the
invoices which form the basis Of official reports.