Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-07-30


the valuation Of all property rom th
scale Of papet money by which th
heavy burden Of debts now restinI
upon the paople we're created to tn
former level Of gold and silver-th
change made in the metallic stlndsrC
itself by the demonetization OF silve
was a monstrous fraud upon tn
people, cunuingIy devised in the In
terest of the holders of bonds, tha
should be condemned as in violation
Of every principle o. honest dealings
and covert assault upon the funds
mental rights OF property, and vi
therefore demand the full restoration
Of silver to its original place as
money metal, the same as gold"
in 1880 the Democratic Nationa
Convention met in Cincinnati ant
made a deliverance on the question
IN the following words:
"Bome role, honest money, consist
ing of gold and silver and paper con
vertible into coin on demand, the
strict maintenance of the public faith
state and National, and taliff fol
revenue only"
In 1880 and 1881 the Ohio Democ
racy adopted the national declaration
In 1882 they added to it these words
which were adopted with tumult o.
applause.
THAT stability in the value o.
money is primary requisite to indus
trial aud commercial prosperity
This can only be secured by maintain
tanning both gold and silver as money
as provided by the constitution, and
subjecting the issue and regulation oi
paper money to established princi-
pies which win prevent fluctuations
in the value of the currency
PLENTY OF PRECEDENTs.
The same declaration was reiterat-
ed in 1888. In 1884 the National
Convention met in Chicago and de-
clared:
ave belive in honest money, the
gold and silver coinage of the consti-
tuition, and a circulating medium con-
vertible into such money without
loss"
In 1885 the Ohio Democracy reaf-
frmed this declaration, and in 1886
added this, to the delight OF the ap--
plauding delegates and assembled
Democrats:
"We denounce the attempt to
change the measure of values in the
face of the worlds vast debts from
gold and silver to gold alone as an
act of monstrous injustice, and de-
mand that both gold and silver, as
established by the constitution. shall
be maintained as the basis of oUr
money system"
The joint national and state decla-
rations of 1884 and 1886 we're the
slogan of the Ohio Democracy IN con-
vention in 1887 and 1888, and in that
year were embraced essentially in the
national plato m promulgated in St.
Louis. In 1890 Ohio, still without
a dissenting voice, proclaimed:
"That we favor the free coinage OF
silver at its present ratio with gold"
In 1891 Ohio was more emphatic,
and then for the irst time in an Ohio
Democratic convention was there a
voice raised against the money of the
constitution, but it was a weak one,
and the following was adopted by a
more than three -fourths vote:
A LATER STATEMENT.
awe denounce the characterization
of silver in 1878 by the party in
power as an inlquitous alienation OF
the money standard IN favor of credi.
tors and against debtors, ax-payers
and producers, and which by shutting
off one of the sources of supply of
primary money operates continually
to increase the value Of gold, depress
prices, hamper industry and dispar-
age enterprise, and we demand the
reinstatement of the constitutional
standard of both gold and silver with
the equal rights of each to free and
unlimited coinage"
In 1892 Ohio awaited the deliver.
ance of the National Convention al
Chicago. Into that body Wall street
came like thief in the night, and
h's presence was not suspected until
long after he had gone. The follow
ing declaration was made:
"We hold to the use of both gold
and silver as the standard money oil
the country and the coinage of both
gold and silver without discriminat
ing against either metal"
To ttis clear and explicit declara-
tion of Democratic principle were ad.
ded lot of misleading phraseology
about party and international agree
ment which permitted the interpreta-
tion which has since made the United
States Treasury the prey of the gold
syndicate. In 1898 the Ohio Democ-
racy affirmed so much of the the dec
Jared by vote of 3 to l as follows: