The morning times., 1896-07-12

The raidbegun on our gold reserve since the adoption
of the Chicago platform indicates the uneasiness felt IN
money circles the free silver movement But this
the time of all others when the public should be inspired
with confidence in the future and the monied interests
should be particularly careful refrain from hostile dem
onstratons and above all things to adopt to
prevent another bond sale. Shoald the become
impressed with the idea that capital" is attempting to
the public support sound money through effort
business interests the recent stampede of the
anarchratc convention would be but circumstance
pared to the political revolution that would place the
arcrats power The proper way for the monied inter-
to deal with the situation to the public that
it the sound policy sustained at the pending cleo
ton will be devised to restore prosperity No
other method of treating the question will insure the de-
feat of Bryan and Sewa and would be folly to
age any gold raids.
Another and stronger why liberal and sensible
method of uphoding sound money should be adopted
the disastrous effect coercive would have on
business enterprises. Suppose is made gold
and another bond sale forced will it in any
assist the of sound money? Then add the refusal
of banks and money lenders to extend credits
loans and consider its grave consequences. Such b
era policy would surely create stringency and
ciptate panic and the idle people made by such Ill
advised the greater will be the vote of the silver
party. Generally speaking wage and business
would be the principal sufferers. The monied inter
ests their loans by mortgage. collateral salts
event of panic however business would be compelled
sacrifice their book and other outstanding cred
its, and working people would be thrown out of employ
ment by the closing of workshops, mills and factories
On the other hand, money loaners will take sufficient
interest in the welfare of the country guarantee busi
against the possibility of financial crisis the
of sound money will be practically Otherwise
there will be stampede to the sverite anarchra party
In this connection it might be we'll to anticipate the
probable rolicyof the anarchratc campaign of
better understanding the necessity of creating
money panic. Promiscuous pledges will be made that
free silver coinage will make money plenty and give work
and better times to every unemployed citizen The
nodded interests will be fercely denounced trusts
and corporations will be inveghed against destroyers
of our commercial system. The Mckinley party will be
proclaimed the natural guardian of monopoly of every
kind and according to the statements of the anarchrat
leaders the way to prosperity will be paved with 5Ocent
dollars In the face of still greater depression there will
successful way to meet such assertions,
they refuted any other way than with brighter
outlook, which only be guaranteed by the monied in
terestS.
Now is the time when united movement should be |
by the creditor class to avert impending disaster
the public feels confident that money strngency will
be created there will be general revival of trade But
if with every anarchratc howl there is to be drop in
stocks the onied interests to doublelock their
cash vaults whenever silver is MENTIONED there will be
of hard times and growth of the silver
craze. The thing to do is to demonstrate sound
money preceps If safe and unAuctuatng standard is
synonymous with prosperity is claimed by sound
money advocates LET the public better results
otherwise continue the gold raids and end with panic