The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1896-07-11

unless the views Of the majority be adopt
ed. Do not the people know II was not
silver legislation but legislation by
advocates OF the gold standard
financial DEPRESSION DO they not know
that their demands were made upon de-
pocrAcy in 1896 and the Sherman law re-
pealed without substitute, the very states
of the east that demanded IL turned
against the democratic party who granted
n and swept away their majority in u
torrent OF ballots. II the silver men had
their way then instead OF the gold mono
Ynetallists what storms would here today
be implied upon their heads. but Ehe PEG
ple applying the power of memory and
analysis alike to discover the causes OF
their arrested prosperity, need not 80 far
10 find them
eracy came into power In 1888 that It in
herited from its republican predecessors
the tax system and currency system OF
which the Mckinley and Sherman laws
were the eliminating atrocities. 1t came
10 power amidst the panic which utly fol-
lowed upon their enactment with strikes,
lockouts, riots and civic connections, while
the scenes of the peaceful industry in
PENNSYLVANIA had become military camps.
Besides manifold oppressive features, the
Mckinley law has thrown away
fifty millions OF revenue derived
from sugar under the special plea
Of free breakfast table and substituted
bounties to sugar planters, thus decreas-
ing the revenue and increasing the eN-
pe niiturs, thus burning the candle at both
ends AID making the people pay at least
double for the alleged free breakfast.
From the Joint operation OF the Mckinney
law ana sherman law. the adverse bal
1886 The surplus NJ Sl0ONo.eo
in treasury was converted into
deficit Of S70,0,o,oOo in 1884
and engraved bonds prepared by the re
publican secretary TO borrow money TO
support the government were i'll omenS
81 the recognized ruin that awaited the
incoming democracy and depleted treas
ury. More significant still, the very au-
,horities Of the ill-stared Sherman Law
makeshift were already al the confession
al upon the stool Of penitence and were
begging democrats to help them put out
themselves kin1led- So far as revenue
10 support the government was concern
ed the democratic party, with but a slen-
der majority in the senate. provided 1t.
and had not the supreme court OF the
United States reversed its settled doc
trine o. 10 years, the income tax incor-
poTatei in the tariff bill would long since
have abundantly supplied it.
Respecting finance, the republicans
poQuAsts and democrats. while differing
upon all other subjects. almost had united
IN lS3 for restoring our system OF bmetal-
ism. BY republican and democratic eff
forts the Sherman bill was swept from
the statute books, the eagerneSs to rid
the country OF that republican incubus be-
ing so great that no prudent effort was
made TO provide a substitute. In the very
act Of the Sherman law repealed il was
declared 70 be the policy OF me United
States OF American to continue the use OF
-, ~ aN--.
and coin them in dollars OF equal intrinsic
and interchangeable value. The rapubH-
can party has now renounced the creed
OF its platform and presented to the coun-
try an issue OF higher tax. more bonds
and less money. II has proclaimed at
last, throwing away DISCUSSES, for the
British gold standard.
The money question Is the paramount
Issue before the American people and Il
involves true AmeriCanism more than
any economic issue that ever was pre-
sCnCsd al election. We are not on anv
gold standard. but We have a discrdered
and miscellaneous curreny OF nine va
riet.es, three metals and six paper. pro-
duets Tor the most part OF republican
legislation rendered worse by treasury
practices begun by republican secretaries
and unfortunately copied by their demo-
cratic successor (Applausel Then con
slider the facts, gentlemen. federal, state
and municipal taxes IN this country are
assessed and paid by the standard OF the
whole mass Of money in circulation No
authority has ever been conferred BY con-
gress for thu issue OF any bonds payable
in gold. but II has been distinctly refused
The provision made by the Bland-Allison
act OF 1916 added to our circulation $50
10000 o. standard silver money or paper
based upon i. and all that mass OF silver
money sustained at its parity with gold
by nothing whatever on earth but silver
and its legal functions impaired TO it by
law. (ApplauseJ
Payable in Coin.
We have no Outstanding obligations Of
the United States EXCEPT the sum OF SAL
"@rr gold certificates, which are spe-
i.tcally payable in gold. and they. Of
Course, should be paid in gold. All our
'Etele Obligations are payable in coin,
"6ich means silver and gold. at the gov
-FATeHt option, or n silver specifically
and only There IS more silver and paper
11s-4 upon silver in circulation today
nan there IS OF gold or paper based upon
5o.i, and that the gold dollar Is not the
IElt u value j. demonstrated by the fact
HAt no gold dollar pieces can. under cur
avs, be minted- II We should go upon a
so.i standard we must change the exist
HE otmstalllc standard In payment Of all
5uoLc debts, taxes and approprla tons.
aFlns alone hose specifically payable in
'oIi As We have twenty billions Of public
ini private debts, 1t would take more
han three times all he gold In this coun-
~ 10 pay even years interest upon L.
We should be compelled, hereafter. TO
contract the currency by paying Of 800
''"o IN gTeenbacks AMI Sherman notes
gold, which would nearly exhaust the
entire American stock In and out OF the
and the same policy would 70
i--Fs mat the S4i. ~ ~ in silver certif-
1 Fla- 2 Frr 10. r.,rT rz-
'HaioW@I BY the present draft upon the
''N7r-y's stock os gold. This means an |
Increase 3f the public deb. by S1u.DplGD. |
81. a prospect Of 1914, 90 go more.
NE disastrous consequences Of such a |
,'"ey are appalling - contemplate, and |
ne 9sfI alternative suggested Is the free |
9.atE@ Of silver al the ratio OF Is to 1
app .'u--'. AM complete restoration Of |
az hereditary and constitutional system |
American money We pray that you no |
l'F7 make shifts and s.raiIlas
overHOyv or Sold.
FeN not the country with your proph-
t.-7 Ok smooth things - come from the
.rI,.sa-rspH propaganda ZAP
Id4s--' me lac. that European nations
re- gong 10 the gold standard renders II
u me more important that We should not
. -, as he knitted stock OF the wo-II
.cu.i have longer division and a small
snare ior each nation. Previous pre-
rf4pna have been punctuaIly refuted.
'o7p-rIiy vas prOphesied to come upon
'e unconditional repeal Of the sherman
b. Instead u helping the treasury re-
rye. az 10 was prophesied it would do.
lhpF'e- Itsf rad vas promptly made
! IT, and s2Cg0.ygg borrowed s,Cfi -.
zen insufficient to guarantee lts security |
stead OF causing foreign gold to dow Ia
,, II has stimulated the flow Of gold 10
urOps, and E-senbacks and sherman
,'e-. which are just as much payable in
.FeT as m gold. haze been used 10 drafn |
e gold out Of the United States treasury
10 store u in the strong boxes Of The
rds Of Europe. Instead Of rsyIyInR bus-
ess, this folly has further deursassd n
-LeLl ll .l-Eea.Lrc --az.. -. - |