Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1896-08-17

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greater ratio of increase of wealth and business:
! 1t was thought that an immediate increase OF
| circulation might be obtained by large purchases
! of silver bullion to an amount sufficient to make
good the retirement of bank notes and keep pace
$4,000 600 a year of additional currency is
needed upon this basis, that amount is provided
| exchange for bullion at the market price. If the
| United States then needed more than $40, 100000
| ness, it now, with a larger popula tion, needs \
still greater annual addition; and the United
| opponents make no adequate provision for the
increasing monetary needs of the world
No Change in Ratio.
In the second place, change in the ratio is
Creased the demand for silver and O lowered its
price when measured by gold while this same
for gold has raised the value of gold when
measured by other forms of property;
We told that the restoration of bimetaiilsm
| would be hardship upon those who have en-
tered into contracts payable in gold coin. but
the gold with which to meet gold contract,
When most OF the people eau use SILVER llau
it is now when every one is trying to secure
The Chicago platform expressly declares in ia
vor of such legislation may be necessary to pre-
kind of legal tender money by private contract.
| Such contracts objected to the ground
that they are against public policy No one
rate of interest which can be collected by law;
! there is far more reason for preventing private
| tender must, in the course of ordinary business,
persons Why should the one hundredth man be
| permitted to exempt himself from the general
he Of
money and thus force it to Premium. Have
lively few individuals shall NIL lie perlnltled
to derange the financial system of the nation in
order 10 collect premium i'll case they sue
| coed in forcing one kind of money TO a premium?
will Call Special Session.
There is another argument to which ask
your attention. Some of the more Jealous OPP
thirteen months .nust elapse between the cleo
tion and the first regular session of congress,
I pie declare themselves in favor Of free coinage
all loans will be withdrawn and all mortgages
! dulged in by those who have forgotten the pro-
visions of the constitution. it will be sufficient
to remind them that the president is empowered
whenever the public good requires such action.
| If in November the people by their ballots de-
clare themselves in favor of the immediate
restoration of bimetallism, the system can be
| inaugurated within few months II; how
ever, the assertion that loans will be withdrawn
and mortgages foreclosed is made to prevent
to be necessary for the preservation of their
| rights, then new and vital issue is raised.
| Whenever it is necessary for the people as a
whole to obtain consent from the owners of
money and the changers OF money before they
/ have passed from democracy to plutocracy.
But that TIME has s not n po Avail Ere neope
who in 1875 rejected the doctrine that kings
rule by right divine. Will not III this generation
subscribe to doctrine that money is omnipotent.
In conclusion permit me to say wore word in re-
! opposed to an international agreement, looking
| tc the restoration of bimetallism throughout the
| occasions shown their Willingness to cooperate
with other nations in the reinstatement of silver,
of other governments when immediate relief is
needed by the people of the United States; and
offers better assurance of international bimetal-
lism than servile dependence upon foreign aid.
JS6lr han fXonf
/ assistance of European nations but all progress
in the direction Of international nlmetalsm has
rive a pecuniary benefit from the appreciation of
&c roas tong Us T Me @ Who d0r pro y %
metalism? # the double standard tan will bring ing
right to enjoy those benefits
If our opponents would admit the right, The
ability and the duty Of our people to. act for
themselves on all public questions without the
assistance and regardless Of the wishes of other
| latfon which they consider sufficient we could
meet them in the field of honorable debate; hut
protect the rights of its own citizens, we ,hal-
| lenge them to submit theirs to a people whose
patriotism has never been appealed to in vain.
Calls 1t American Dignity.
We shall not offend other nations when we
| declare the right of the American people to
! govern themselves, and without let or hinder
Presented for their consideration In taking
this position. we simply maintain the dignity
| cold standard has compelled the American peo-
PIE to pay an ever increasing tribute to the
creditor nations of the world-a tribute which
no dares to defend. assert that national
honor requires the United States to secure JUS
| tce for all it's citizens well as do justice to
all its creditors For people like ours, blest
with natural resources Of surprising richness, to
proclaim themselves impotent to frame finan-
cial system suited 70 their own needs is humil
scribe. We cannot enforce respect for our for
eign policy 50 long as we confess oi ourselves I'M
Honest differences OF opinion have always ex-
and will et IS 6e to Du the Msh
! when it is seriously asserted that this nation
accept se the policies which they insist upon the
right of self government is assailed and until
that question is settled all other questions are
| insignificant.
An Appeal to the East.
1 might in the very beginning of the campaign
the center of the continent to the seaboard that
bring you greeting from the people out West and
South and assure you that their desire is not to
cept the principles of living faith rather than
lssten to those who preach the gospel Of despair
advocates of free coinage believe that in strv-
ing to secure the immediate restoration Of BIZ
metalism, they laboring in your behalf
well as in their own behalf. few OF your
people may prosper under present conditions, hut
the producers of wealth. The great city is built
on the Of tine nation 2nd mgst su e
unless the people have money with which TO
buy and they cannot obtain the money with
products at remunerative prices Production or
wealth goes before the exchange of wealth;
those who create must secure profit before
they have anything to share with others You
cannot afford to join the money changers in sup
! port of a financial policy by which they destroy
| the purchasing power of the products of the
| toll and which must in the end discourage the
| creation of wealth.
/ ask, expect, your cooperation. It is true
| that few of your fnaneiers would fashion a
new fgure-a figure representing Columbia, her
| hands bound fast with letters of gold and her
| face turned towards the East, appealing for
sstance to those who live beyond the sea; but
| this figure can never express your idea of this
nation You will rather turn for inspiration to
the heroic statue which guards the entrance
to your city-a statue as patriotic in conception
as it is colossal in proportions: it the
gracious gift of a sister republic and stands
| upon a pedestal which built by the Amer
/ lean people That fgure-Liberty Enghtening
the Worlds emblematic of the mission of our
nation among the nations of the earth. With
n government which derives its powers from the
consent of the governed, secures to all the
people freedom of conscience freedom of thought
! and freedom of speech. guarantees equal rights
| TO all and promises special 1privileges to none: