San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-06-19
ON THE WHOLE; GOOD.

The financial plank of the plat
form is the only one about which
the republicans will differ. That
the wisdom OF the convention did
not seek some middle ground in its
declarations, or as least more favor
ably express itself as to silver, will
be sincerely regretted by some Of
the best men of the party, but the
time had apparently come for a
declaration, n way Or the other.
That it should be in favor of gold
was a foregone conclusion, for it
would have entailed unlimited loss
and brought general financial dis
aster upon the country to have
followed the lead OF the free
| silver advocates. 1t is a mat
ter Of congratulation that upon
questions of protection, reci-
procity, an American merchant
marine, the Monroe doctrine, in
tervention in Cuba, control of
Nicaragua Canal and Hawaii, the
platform is plain, direct forceful
and dignifed. After all, as tariff
reform to enforce the protective
ideas Of the party will restore the
revenues of the country, it will not
matter so much as to the wording
of the financial plank. Money
does not create enterprise and
wealth is not the result of a
financial policy. Money is cre-
ated by industries, which in
their turn depend upon those con-
dit!ons which encourage industry
and build up manufacturing plants
and increase production upon the
farm and in the mine and advance
wages. The policies announced in
this platform always have done this
built up industry and advanced
wages, and they can always be de-
pended upon to do it. Out OF this
improved condition of affairs will
come increased wealth to the
people, increased revenues to the
country, increased credit to the
nation. These will make our
credit SO solid that all its bonds
can be maintained at a low rate
Of interest, requiring less and
less outflow of gold for the
foreign security holder. At the
same time our own markets sup.
plying all our demands there will
be no great drainage Of gold
abroad to pay for the foreign goods
that we do not buy, U own goods
carried in our own vessels no
longer pay tribute to the foreign
shipmaster and that outlay is re-
tanned at home to build up the
shipyards Of our own country and
pay wages to labor therein. The
bounty upon sugars will soon
lead to u production OF that
necessity aud thus save a drain of
$l0O,0O0,O 900 annually for that arti-
Gle OF universal consumption, and
thus in all these wsys will the
hundreds Of millions OF dollars
that go abroad in gold be retained
at home, and gold will be as
plentiful here as in any other
country under the sun. In
the meantime the agitation for
silver as one OF the standards
OF value side by side with gold will
continue, and bimetalism in the
end obtain in this country and in
the other great commercial nations.
Waiting and working for this the
silverites In the convention would
sooner have ATTAINED their object
than in betting the convention of
the only party in this country that
for the past thirty years has main
tanned the credit of the nation, adj
vanced its industries, improved all
OF Its trade relations and faced IL
to prosperity.
Now let the republican party at
its next convention in this state