The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-10-26
SlSHOp M'1OVGRN
or Titt.Lur, Alvnncrs Some strong ArGU
n,enI. III Favor o! Silver.

49,
Govern. 1EisEop Of the diocese of Har
ris burg. Pa. in which he says in part
II am in favor ct honest money. Now
what want TO know is, What is hon
est u nneyI We now have gold, paper.
bcnG> and promises to pay, and all
pass as honest money. There is not
n"u"h of gold in the world to pay its
Indebtedness. Tho United States gov
rrnrp"ut could not pay its nd"btedn"@J
in gold because II has not got it. she
gives US treasury notes or ponds. and
these are to be paid in honest money.
on" paper usually exchanged for an
other
What about silvlr?" asked the re-
porter.
"Eilvc is surely as good as Taper.
| and 90 per cent. better. If the govern
mcnt pays her Indebtedness in silver
she is paying ii in "A better currency
thar in paper. All nations would be
Bankrupt today II they were asked TO
DAY their Indebtedness in gold. Can
We not lake silver the same as w are
taking paper money? Silver Will, at
least. increase the volume OF cirCula-
ton. which is now in our country too
limited to carry on business and makes
rates too high.
Money, after all, is only a commOdi-
~ in the Market added Bishop Nc
Govern. earnestly. when II is scarce
It rates high. when it is abundant 1t
rates low If We increase the circula-
ton by the free coinage Of silver we
are employing a better substitute
than ~ because silver has an in
trlnsiC value: pa per has not. The op.
pOnents Of the free coinage of silver
--,-s -. -:I $40, th,t
there is no more danger OF our gov
eminent becoming bankrupt by the free
coinage Of silver than there is by an
extra issue OF paper money and ponds
"There is no danger OF IL general
sta impede being made on the United
States treasury by the people or the
creditors This thing of preserving the
credit OF our nation is good Sentiment.
but our government discounted its own
PAPER over its own counter during the
civil war. The soldier was paid in
paper money on the battlefield and
the custom house duties were demand
ed in gold. We ssld 81 900 bonds for
$3.50 in gold and paid s per cent. inter
est in gold on tho face value OF them
To whose advantage is the gold stand
ard? The Shylocks OF Europe and the
goldbuGs of Wall street. And at who's"
loss? The 1oiling masses"
ID you believe the prices Of com.
modities would rise If we were TO have
free coinage Of silver at a ratio Of Is
to l. AS declared for by the Chicago
platform?'
Some commodities would probably
increase in price" was the bishops an
swer but wages would also rise. Free
coinage would also help our manufac-
turcrs because they would be better
able to borrow money at fair rates.
Every man would he employed and he
would get his wages. When there are
two employers after one man wages
are bound to go up. and when there are
two men after one boss for a job you
may be sure wages are going down.
What right has Europe to dictate to
US what kind of currency We ought to
have? If they are not willing to take
our currency. let them not buy our
exports. But they are not going to lose
our trade. They will Accommodate them
selves to the circumstances. That will
act as a tariff and be on n sliding scale,
and go up and down just as Europeans
want our trade"
lis op McGovcrn said he believed
the free coinage of silver ould be a
boon to the farmers In the west, who
pay 10 TO Is per cent. interest OF their
mortgages, Many OF these people have
bought land for $4,000 on which they
have paid ST.. 900. They are paying 10 20
II per cent. on the mortgage OF 81. 900.
which is now only the actual value OF
the property. The result is that In "A
short time the farmers will lose their
property and be driven from their
i1nFraS lilo tho tnrnpt fnrv,arS ~ Irc.
land. and lose all their money they
nave pad on 1t.
WAC ARE THE ANARCHlSIS'
Rsrub.ican Threa,. to Disrupt the Govern
ment { Mr.. Bryan should Win
Edward lautcrhach. chairman Of the
Republican county committee OF New
York. said in "A public speech. delivered
IL few days ago. that il Bryan and The
Chicago platform should obtain IL ma
jority OF the votes in the approaching
election. we will not abide by that de-
cisinn." l.auterbach is n6t AN IRE,
rpnusiDIe nobody to indulge in idle
chatter. He Is Boss -Piatt's right hanc
man IN New York. and was a delegate
from the state at large. along with
Plat. Depew and Warner Mificr, to- the
national Republican convention which
met at st. Louis and nominated Mckin-
ley This is. therefore. a threat to over
throw the lawful result OF an honest
election. made by a responsible repre-
sentative Of the Republican party
the chairman OF the Republican com
mittee OF the richest and most popu-
lous county in the United States.
Two nights later. Senator Palmer. the
assistant Republican candidate for pres
ident. made the following declaration
In a speech at Detroit: For myself. |
would prefer to live under a righteous
monarchy rather than submit to such
principles as those dccla red by the Chi
cage convention" II Bryan and his
principles triumph. OF which there Is
every Indication. Senator Palmer will
not 60 elsewhere to seek "a righteous