The Progress. (Shreveport, La.) 1892-1900, 1896-08-27

L
trey are deceived by this objection
they ought 70 remember that there ara
No bimetallists who are earnestly en-.
doayoring to secure it at any other "a.
flo than l6 TO l. We are opposed to
Hny change in the ratio for two rea.
sons:
Must Not Change Ratio.
First, because a change would pro-
6uce great injustice and second, De.
cause a change in the ratio ls not nee.
essary. 4 change would produce in.
;rstire because, if effected in the man.
uer usually. suggested, it would result
in al enormous contraction in the vol
,r1a of standard money. Those who
have advised a change in the ratio
have usually suggested that the siye,
GnlIar be doubled. If this change vera
made it would necessitatc the re2)lnass
nf four billions Of silver into two bill.
lions of dollars. There would be an E
immediate loss Of two billions Of dol.
lars either to individuals or to the gov.
ernment. but this would be the least
OF the injury.
This contraction, by increasing the
value OF the dollar. would virtually ID
crease the debts Of the world billions
Of dollars and decrease still more tM
value Of the property OF the world a
measured by dollars Besides this IN
mediate result such q change in the ra
tic would permanently decrease the
annual addition to the worlds supply
Of money, because the annual silver
nroduct when coined into dollars twice
IS large would make only half as many
dollars.
"Iu 1878 Mr.. Carlisle said: Man.
kind will be fortunate indeed II the
annual production Of gold and silve'
ccin shall keep pace with the annual
| increase of population and industry
repeat this assertion.
Easier TO Get Gold Then
I'VE are told that the restoration o.
himeta!lism would be hardship upon
those who have entered into COntracu
rayable in gold coin, but this is .
mistake. 1t will be easier to obtain tha
gold with which to meet gold contract
when most of the people can use sliVeft
| than it is now when every one is try.
ing TO secure gold
Some Of the more Jealous onponenh
OF free coinage point to the TACT tha|
thirteen months must elapse between
the election and the first regular ses
sion of congress-, and assert that dur
ing that time, in case people declare
themselves in favor of free coinage,
all loans will be withdrawn and all!
mortgages foreclosed. The presidents
is empowered to- convene congress TO-
extraordinary session whenever the
public good requires such action. II.
il November, the people by their bal
lots declare themselves in favor Of the
immediate restoration Of bfmetallism
the system can be inaugurated within
few months
IF. however, the assertion that loan
will be withdrawn and mortgages fore.
closed is made to prevent such political
action as the people may believe to
be necessary for the preservation OF
their rights, then new and vital Issue
is raised Whenever it is necessary
for the people as whole to obtain
consent from the owners Of money an0
the changers Of money before they can
legislatc upon financial questions, We
shall have passed from a democracy to
a plutocracy. Bur that time has no'
yet arrived. The people who in lll0
rejected the doctrine that kings RUE
by divine right will not in this genera
ton subscribe to doctrine that money
Is omnipotent
International RimetaIIism.
Eve are not opposed to an interna'
tional agreement, looking to the res
iteration of bimetallism throughout tnt
world, but we are not willing to AVIAN
the pleasure Of other governments, wheD
immediate relief is needed by the PEG.
pie of the United States, and they
further believe that independent action
offers better assurance OF internationA
bimetallism than servile dependence
upon foreign aid. How long must W
wait for bimetallism to be brought Z
us by those who profit by monometal
, lism? II the double standard Wal
bring benefits to our people, who will
| deny them the right to enjoy thos
t benefits? In taking this proposition
VIC simply maintain the dignity OF 10.
900 900 citizens who are second Il
none in their capacity for self-govern
ment.
"The gold standard has compelle
+ the American people to pay ever In
crasing tribute to the creditor nation
of the worid-a tribute which no on
. dares to defend. I assert that nation
9 al honor requires the United State
t to secure justice for all it's citizens a
t we'll as to do justice to all Its CREDITOR
Greetings rom the West.
). "Citzens of Sew York: I hay
o tropolod frnuo 4bn ceptor ~ tho aon