The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-27
M'KINLEY'S ACCEPTANCE.
CONTINUED from First Page)

sought to use all the silver product OF the
| United States for money at It's market
value. From 1880 10 1913 the 'roNerhin'n'
! purchased 4 so ounces or silver month";
| or 81 90 900 ounces n year This was one
third Of the product OF the "orld. anu
/ practically all % this country prouuct:
1t was believed by those who then ana
now favor free coinage mat such use OF
silver would advance It's bullion value 10
! its coinage value. but their expectation
was not realized. In a few months. not
withstanding the unprecedented market
for the silver produced In the United
| States. the price OF silver went down very
rapidly reaching a. lower point than ever
! before. Then. upon the recommehdatlrh
! OF President ClcI Gland, hotn political par
ties united In the repeal Of the purchasing
clause of the Sherman law.
We cannot with safely eng IN
further experiments IN this direction.
THE DOUBLE STANDARD.
on the 22d Of August, 1891, In = public
address. ] said.
If we could have an international ra-
ito which all the leading nations OF the
world wOlld adopt. and the true reIa-
ton be fixed between the two metals.
and all agree Upon the quantity OF silver
which should constitute dollar then sl-
yer would be az free and unlimited IN us
privileges OF coinage as gold II to-day.
but that we have not been able to secure.
and with the free and unlimited coinage
Of silver adOptd IN the United states a.
the present ratio We wouh be sun
further removed from any lnternau"nsI
agreement. " may never be able 10 Sc
cure il II We enter upon the isolated coin
age of silver
The double standard implies equality az
"A ratio. and that equality can only DE
established 10y a concurrent law OF ma
tons II was the concurrent law OF IA
lions that made the double standard. 1t
will require the concurrent law or ma
tions 10 reinstate and sustain H.
IT FAVORS THE USE OF SILVER
MONEY.
The Republican party has not been. and
is not now. opposed 10 the use Of silver
money. as it's record abundanty shows
II has done an that could be done for its
increased use with safety and honor 10y
the United States acting apart from other
governments. There are those who think
that IL has already gone beyond the limit
Of financial prudence. Surely We can 60
no further. and we must not permit false
/ lights 20 lure us across The danger line.
MOKb THAN ANY OTHER COUNTRY.
We hav" much more silver I'm Use than
any country IN the world except India
or China $500 10000 more than Great
britain St5oNnNI more than France.
SioN.WM.op1 more than Germany. Si2l-
0~.o0 less than India and $l2JOO.0n1
less than China. The Republican party
has declared ST. favor Of an international
Pgrcemenr. and II elected President 10
will be- my duty TO employ all proper
means 10 promote Il. The free coinage of
silver i'm This country would defer N not
defeat. International himotailism. and
until AN international agreement can he
had every interest requires us 10 main
tain our present standard. Independent
free coinage Of silver at a ratio Of six
teen ounces Of silver 10 one ounce OF gold
would insure the speedy contraction of
the volume ~ our currency. n would
drive AZ least five hundred millions ~
gold dollars which We now have ucrna-
nently from the trade Of the country and
greatly decrease our per capita circula-
ton. IN is not proposed 10y The Rcpublt-
cans 10 take from the circulating me
dunn OF the country any OF the silver We
now have. ON the contrary. 70 is pro-
posed 10 keep all Of the silver money
now I'm circulation on parity with gold
| 10y maintaining the pledge ~ the Gov
eminent that all of 10 shall be- equal 10 d
gold. This has been the unhrokon policy
OF the Republican party since 1c1N III
has inauguratcd no new policy. u will
keep i'm circulation and ass good ass gold
Az OF the silver and paper money which
are now included I'm the currency OF thc
country. II will maintain their parity.
~ VIII preserve their equality Zoo the
future as IL has always done boo the past.
II VIII not consent TO put this country ON
"A silver basis. which would inevitably fol-
low independent free coinage at "A ratio
OF lG TO /. 1t Will oppose the expulsion
of gold from our circulation
FARMERS AND LABORERS SUFFER-
MOST.
II there is any one thing which shorld
| be free from speculation and nuctuation.
| IL Is the money Of a. country II ought
| never 10 be the subject Of mere partisan
| contention. When We part with our labor.
our products. or our property. we should
receive ia return money which is as stable
ana unchanging in value as the ingenuity
of honest men can make it, Dcba-ernorf
OF the currency means destruction az
values. No one suffers so much from
cheap money as the farmers and laborers
They are the first To feel IFS had ,o-.,.t.
T44nrrlr
mas been the uniform experience ~ ,u
countries. and here as clsewhoro tho No..
ana not the rich are always the greatest
Suucrer from every affompf IN dcbo.l
our money. II would fan with alsr,ni,,.,
severity upon investments ALREADY made.
upon insurance companies and thefr r-ii,
Cy-hoiaers. upon savings banks and their
depositors; upon building and loan aeso
ciations and their families: up,n The go
lhes on thrift; upon pensioners and their
families, and upon sage-earners ana 49,.
purchasing power Of their wages.
IRREDEENlABLE PAPER MONEY!
Inc silver question is not the only
lsSuo aHectlng our money in The pending
SoH'e' not content with urging fhr
Tree coinage Of silver its strongest cham
piOns demand that our paper money ebau
ne ISSUED directly by the Government of
me United States. This is the Chicago
democratic declaration. The ST Iouis
people declaration Is that our nationaf
money shall he issued by the General
HoNernment only. without the interyeu-
tioI OF banks OF issue. be FUN legal tender
TOT the payment of an debts. public and
private, and be distributed "dfrecf 10
me people and through LAWFUL disburse-
hehts or the Government" Thus. i'm
ADDITION 10 The free coinage OF the worlds
SILVER. we are asked 20 enter upon an
era Ot unlimited. irredcemable paper cur
rcncy. The question which was fought
out from 1863 70 1879 is thus to be re-
opened with an its uncertainties and
cheap money experiments OF every con-
celNable form fOstcd upon u.s. This
hQlcdteS most startling reactiOuary
pohcy, strangely at variance with every
requirement OF sound finance but The
dtcaIaton shows the spirit and purpose
or those who, bv combined action are
contending for the control Of the Gov
eminent Not satisfied with the de-
basement or our coinage which would
Inevitably follow the free coinage of sill
yer at 10 TO ]. they would still further
degrade our currency and threaten the
pubic honor by the unlimited issue Of
an uhrcdeemabie paper currency. \
siaNcr menace 10 our financial standing
and credit could hardly be conceived. and
10 promptly meet and enectually de
feat IL.
HIGHLY REPREUENSIRLE
It Is a cause for painful regret and
Solcltude that an effort is being made
by those high I'm the councils OF the
allied parties to divide the people Of this
country into classes and create dlstinc-
lions among uS, which. in fact. do not
exist. and are repugnant TO our form of
government These appeals 10 passion