Belding banner. (Belding, Mich.) 1889-1918, 1896-07-02
In replying to a correspondent who


or NEW JERSEY.
In replying To correspondent who
asked the question "what was the OBJ
iect OF destroying silver as legal ten
der in the law of 1873, "the Grand Rap
ids Press says The law Of 1873 did not
destroy the legal tender quality OF sill
yer. Silver is just as much OF legal
tender today as it ever was in the his
tory of the government. The law OF
1873 merely closed the mint to free
coinage OF silver. while it left the door
still open to gold, thus in effect making
gold the standard. The action OF the
United States was very far from being
the only thing TO cause the deprecia-
ton of silver. a potent cause was a
very great increase in the production
and the development of new mines
which promised To result in still
greater and more rapid increases. A
still more potent cause has been the
closing of the minis to silver in every
nation of commercial Importance in
the civilized world. England, France,
Germany, Russia, Austria, Brazil and
several of the smaller countries have
all closed their minis TO silver except
as an auxiliary metal. This, probably,
is the principal reason for the depre-
citation in value. The action of Great
n..ft Ian alZ nH RRif
America, Egypt and India, besides her
lesser dependencies, so that silver is
barred as IA standard oler The larger
part of the globe. That The action of
the United States alone has had little
il any effect upon the value of the
metal is shown by the fact that since
1873 the government has coined more
silver than during it's entire existence
prior to that time and has purchased
and stored where it cannot get into
circulation and affect the market
large quantities Of bullion, yet in spite
of this the price in the open market
has gone steadily down.
~
"Mr Bliss is the leading candidate
for the Republican nomination for gov
ernor and the one most likely to re-
ceive the honor. This is for many
reasons, among which are the persis-
tence with which his immediate sec.
tion of the state presents his claim;
the manly way in which he accepted
defeat by Governor Rich two years ago,
and gave To that excellent man his
hearty aud helpful support; and his ac-
knowledged ability both in public and
private affairs. His many excellent
qualities as citizen and friend have en-
listed in his behalf host of the most
active and influential Republicans OF
the state, men who desire that the long
line of peerless Republican governors
shall suffer no deterioration, and they
will see TO it. with the aid OF the
thousands of other members of the
party who are of like mind, that Mr..
Bliss shall win the position to which
he honorably aspires. They feel and
know that in Mr. Bliss the state will
be honored and most faithfully and
efficiently served.-Carsonyil Jour-
nal.
~.
When Senator Teller and his asso-
ciates bolted the party at the st. Louis
convention, says Ex-Governor Foraker,
they had no cause for it that did not
exist four year before, at the Minneap-
oils convention, and when the Repub-
did make at st. Louis, 1T did not
change its position one particle, but
simply made 1t absolutely certain, in
order that there could be settlement
of that question, that the proposition
for free, independent, and unlimited
coinage of silver is proposition that
we will not entertain. We will not
entertain it because, in our judgment,
ii does not, as Senator Teller and his
associates claim, mean bimetallism,
but simply silver monometallism. We
~ luLO Wis uBhbs IhClClOiC, WIN OuT
gallant standard bearer, representing
to the people of America protection to
American industries and American
labor and an absolutely sound dollar
not simply for the banker and the
merchant, but for the wage-earner as
we'll
~
In the campaign Of 1890 it was claim
ed that the election of Cleveland and
the enactment Of free trade policy
would mean greater prosperity. The
people believed it, elected Cleveland,
the Mckinley bill was knocked out and
times Immediately changed for the
worse. The Sherman silver law was
then claimed to be the trouble; n
special session of congress was called
and that was repealed; times grew
harder; the reciprocity law conceived