The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-08-29


$40, 000, 0UO more than Germany, t325, Co.,
600 less than India and 81 20, 000, 600 less than
China The Republican party has declared
in favor of an international agreement,
and If elected president 1t will be my duty
to employ all proper means to promote it.
The free coinage of silver in this country
would defer, II not defeat, international
bi-metalism, and until an international
agreement can be had, every interest re-
Quires us to maintain our present stand
ard. Independent free coinage Of silver at
q ratio of 10 ounces of silver to one ounce
of gold would insure the speedy contrac-
ton of the volume Of our currency. 1t
would drive at least 500, 10000 of gold
dollars, which we now have, permanently
from the trade of the country, and greatly
decrease our per capita tax circulation. 1t
is not proposed by the Republican party
to take from the circulating medium OF
the country any of the silver we now have.
On the contrary 1t is proposed to keep ali
OF the silver money now in circulation on
parity with gold by maintaining the
pledge of the government that all of it
shall be equal to gold. This has been the
unbroken policy of the Republican party
since 1878. 1t has inaugurated no new
policy. 1t will keep in circulation and as
good as gold all of the silver and paper
moneys which are now included in the
currency of the country. 1t will maintain
ity in the future, as it always has done in
the past. 1t will not consent to put this
country on q silver basis, which would in
evitably follow free coir age at a ratio of
20 to one. 1t will oppose the expulsion of
gold from our circulation.
Farmers and Laborers Suffer Most.
If there is any one thing which should
be free from speculation or huctuation it
is the money of a country. 1t ought
never TO be the subject of mere partisan
contention. When we part with our labor
our products, or our property, we should
receive in return money which is as stable
and unchanging in value as the ingenuity
of honest men can make it. DebaSement
Of the currency means destruction of val
ues. No one suffers so much from cheaI
money AS the farmers and laborers. They
are the first to feel its bad effects, and they
are last to recover from them. This has
been the uniform experience Of all coun-
tries, and here, as elsewhere, the poor, and
not the rich, are the greatest sufferers
from every attempt to debase our money.
1t would fall with alarming severity upon
investments already made; upon insur-
ance companies and their policy holders;
upon savings banks and their depositors;
upon building and loan associations and
their members; upon the savings of thrift;
upon pensioners and their families, and
upon wage earners ana the purchasing
power of their wages
Unlimited Irredeemable Paper Money.
The silver question is not the only issue
affecting our money in the pending con-
test. Not content with urging the free
coinage of silver, its strongest champions
demand that our paper money shall be is
sued directly by the government Of the
United States. This is the Chicago Dem
ocratic declaration. The 1t. Louis Peo-
fla % 10 HGnr n
money shall be issued by the general gov
eminent only without the intervention of
banks of issue, be full legal tender for the
payment of all debts, public and private"
and be distributed 'direct to the people,
and through lawful disbursements of the
government" Thus in addition to the
free coinage of the worlds silver, we are
asked to enter upon an era of unlimited
irredeemable paper currency. The ques-
ton which was fought out from 1865 to
1879 Is thus to be reopened, with all its
uncertainties and cheap money expert
ments of every conceivable form foisted
upon us. This indicates most startling
reactionary policy, strangely at variance
with every requirement of sound finance
but the declaration shows the spirit and
purpose of those who, by combined action,
are contending for the control of the gov
eminent. Not satisfied with the debase-
ment of our coin, which would inevitably
follow the free coinage of silver at 10 to /,
they would SILL further degrade our cur
rency and threaten the public honor by
the unlimited issue of an irredeemable
paper currency. A graver menace to our
financial standing and credit could hardly
be conceived and every patriotic citizen
should be aroused to promptly meet aud
effectually deieat 1t.
In the Highest Degree Reprehensible.
1t is cause for painful regret and
solicitude that an effort is being made by
those high in the counse]s of the allied
parties TO divide the people of the country
into classes and create distinctions among
us, which, in fact, do not exist and are re-
pugnant to our form of government.
These appeals to passion and prejudice are
beneath the spirit and intelligence of
free people and should be met with stern
rebuke by those they are sought 10 influ-
ence and believe they will be-. Every at
tempt TO array class against class, "the
classes against the masses, section against
section labor against capital, the poor
against the rich,' or interest against in
terest in the United States, is in the high.
est degree reprehensible. 1t is OPP
posed TO the national instinct and
interest and should be resisted by every
citizen. We are not a nation of classes,
but of sturdy, free, independent and
honorable people, despising the dema-
BORuc, anu ncfcT CdpltulullLR W ulsuOuOT'
This ever recurring effect endangers pop
ular government and is menace to our
liberties. 1t is not a new campaign device
or party appeal. 1t is as old as govern
ment among men, but never more I'M
timely and unfortunate than now. Wash
ington warned against it, and Webster
said in the senate, in words which feel
are singularly appropriate at this time;
II admonish the people against the OBJ
ject of outcries like these. l admonish
every industrious laborer of this country
to be on his guard against such delusion.
tell him TIE attempts to play off his
passion against his interest, and to prevail
on him. in the name of liberty, to destroy
all the fruits of liberty"
Protection OF Supreme Importance.
Another issue of supreme importance is
that of protection. The peril of free sill
yer is a menace to be feared; we are al
ready experiencing the effects of free