The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1896-10-01
EDWARD j. PHELPS.
Ex-MINlSTER TO ENGLAND
TREE OF DEMOCRACY.

It No Longer Represents His Views On
the Leading Issues OF tho Age
Would Rob tho Creditor With Free
silver Coinage.
Hon. Edward ]. Phelps. ex-minister
to England, has written the following
letter. in which he urges all true dem
ocrats to join in defeating the candi-
dates who stand on the un-democratic
platform adopted at Chicago:
regard the pending presidential
election as presenting the most dan
ygerous crisis that this country has
=, ever encountered. It does not, in my
judgment, involve any political con-
troversy nor any question of the su-
premacy of party, for such considera-
lions are lost sight of in the far great
er gravity of the situation. The real
issue is one upon which all patriotic
men and all who are interested In the
prosperity and welfare Of the country
should find themselves upon one side
and opposed to a common enemy.
The attack that we have to resist
is not upon the policy but upon the life
of the nation, for they would take its
life who destroy the means by which 1t
lives-the business of many thousands
and the industry of millions. On these
we are all, whether rich or poor, high
or low. alike dependent. Those who
are independently rich are very few
in proportion to the 10000. 900 Of Amer
lean people, the vast majority Of whom
gain their living by some form or 9TH
er Of useful employment. That there
should be prosperity in some of these
employments and not in others, or
among one class of people and not
among others. is impossible. for they
all rest among a common foundation
and are affected by the same consid-
erations. Business" is a generic term
and comprehends all lawful indus
tries. When it is stimulated. all
profit; when 1t. is depressed, !. all suffer.
No part of the body can escape the
effect of q general paralysis or fail to
get the benefit of general good health.
When business dourishes, the laborer
ia in demand: when it declines. he
stands idle in the market place.
Business of whatever sort In coun-
try like ours, rich in resources, full of
energy and vitality, with all harvests
everywhere ready for the sickle, rests
chiefly upon two factors public conf
dence and sound and stable currency.
When either is-and much more when
both are-impaired or even gravely
threatened, business suffers, general
depression comes, labor declines, and
the wolf approaches many door.
Without confidence there can be no
credit, no enterprise. Capital is hoard
ed, sent abroad. or lies idle, and all
industries diminish or cease, and the
surest way the world has ever seen to
destroy confidence is to debase the
currency and to make it uncertain
from day to day how much a dollar is
worth and how much it is going to
count for in the near future-to take
away, as is now proposed, one-half it's
value to begin with and to set the
other half to fluctuating to an indefi-
nite extent, with the rising and the
setting Of the sun and the approach Of
avery storm.
There is. therefore. in my judgment.
no man more criminal or who Is q
worse public enemy than he who en-
xa8es In or countenances that infa-
nous and destructive attempt. because
he less a man has. or the less he
earns, the more necessary 1t is to him
hat the value Of that little should be
maintained and made sure, and thxt
the few dollars in his pocket should
be as good dollars as there are. As
we'll might the steerage passengers in
q vessel in midocean. weary Of their
privations. be melted by some mis-
chief maker to scuttle the ship in or
der to drown the inmates of the more
luxurious cabins. unconscious that they
themselves must be equally the VIC
tins Of the common calamity.
The party Is already hopelessly dis
rupted on the issue presented. We
cannot follow both its divisions at the
same time, however desirable it might
be. since they are moving in opposite
directions. On the one side are the
old time-honored principles Of the
party, under which all its great tradi-
tons have been generated, and which
all its ill1strious leaders have advo-
Gated. Chief and foremost among
thess principles always in times past
ha1 been the maintenance of sound
e.id honest money, of dollars that are
dollars, Of a national stamp upon them
that does not lie.
On the same side are its most trust
ed present statesmen and leaders, and
a very large proportion at the least of
its better and most instructed ele-
ment. Which way shall we go, then.
since we cannot 60 both ways: With
it's statesmen or with its camp follow
ers? With its principles or with its
organization stampeded and graded by