Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1896-10-17
"srara Money. on the Issue.

questions and he asks space in your
valuable paper to answer some OF
them.
DIAGNOSIS AND PRESCRIPTIONS.
All parties and all candidates are
agreed that the country is in de-
plorable cnndition. The financial
distress is great and growing worse
every day.
Mr.. Mckinley in his letter of &C
ceptance gives graphic picture OF
our closed factories, our depleted
trade, our impoverished farmers, our
thousands of idle workingmen seek
ing in vain for employment, and the
alarming decrease in values that
threatens general bankruptcy to the
debtor class.
To remedy this distress the repub-
lican party led by Mr.. Mckinley pro-
poses to increase the taxes and main
tain the .'existing gold standard
until foreign powers shall give us
permission to restore the better
American double standard and free
coinage. The democratic party pro-
poses to cure the distress of the coun-
try by at once restoring the double
standard and the free coinage Of
both money metals-silver and gold
at the present legal ratio, without
waiting for or asking the consent OF
any foreign power. The democrat
ic party led by Mr.. Bryan says in
crease the money, improve business
by coming money to do business
with, and the distress will be relieved
and the country will enter upon an
era of prosperity.
The doctors are all agreed as to the
alarming condition of their patient,
but differ greatly as the remedy.
Republican doctors say dose the
country with more taxes and con
tinue the ''gold standard" DIR. Bry
an and the democratic doctors say
the patient is constitutionally all
right but is perishing for lack of the
nutriment of national and Individual
prosperity. Restore the double stand
ard diet on which the nation grew
and become great, let the patient
have all the moneyit wants and all
will be well again.
Dr. Mckinley says give the suffer
ing country more taxes.
DR.. Bryan says give the country
more money.
Hard Money believes that the pres
ent distress is mostly the result OF
the foreign gold treatment that
starves business by Withholding mon
ey, and is thoroughly in favor of the
American double standard and free
coinage But the voter must choose
for himself and vote for Mckinley
and more taxes or for Bryan and
more money as he is persuaded that
the country needs more money or
more taxes.
BY THEIR FRUITS.
Jesus said "by their fruits we shall
know them" Double standard with
free coinage is not an experiment in
America. This was the financial sys
tenn of the country from the founda
ton of the republic until 1878. Dur
ing that period we rose from a scat
tered and weak colonies to the fore
most nation of the world. We set
the example and other nations
thought it wise to follow us.
Prior to 1878 England was the only
great nation with the single gold
standard, and we had not followed
the ''mother country" though Eng
lands adoption of the gold standard
dates back 1918. But when in 1878
the United States demonetized silver
and went to the gold standard, Ger
many and France followed in year
and the Latin Union embracing most
of the nations of Europe followed us
in a few years.
The years of our successful enter
prise in war and in peace were when
we had double standard with free
and unlimited coinage of gold and
silver.
The years of depression, of failing
trade, and failing fortunes have come
to us under the existing gold stand
ard. Until the present year to this
date shows the largest number Of
failures ever known in like period
in the United States. And we have
the humiliating spectacle of a great
political party, in our midst propos-
ing to wait the consent of foreign
powers before we take action toward
remedying our financial distress.
The fruits of our American double
standard, with free and unlimited
coinage, were unbroken prosperity in
peace and universal success in war.
The fruits of our experiment with
gold standard are:
I. 1t has sent the gold into retire
ment or into foreign countries, thus
decreasing the money circulation
s6OO,OOO,O 900.
2. 1t has debased the silver until
the silver in dollar is only worth a
little more than so cents as compared
with gold.
g. 1t has added to the debt of the
country S262. 0OO,0 900.
4 1t has destroyed at least one