The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-08-13

able for coinage, when converted into cSiu
at the present ratio, will not, in my judRl
ment, more than supply our monotAfy
needs.
In supporting the act of 1890, known az
the Sherman act, Senator Sherman sI
July 8 of that year said: Under the Law
of February, 1878, the purchase Of g, CO.,,
900 worth of silver bullion month has bT
coinage produced annually an average u
nearly 5000, 600 per month for period Of
twelve years, but this amount, in vleM 81
the retirement of the bank notes, willne
increase onr currency in proportion tooul
increasing population ~
Our opponents make no adequate pr6s
vision for the increasing monetary nsedi
of the world. In the second pIaeA, Y
change In the ratio is not necessary. Hos
tile legislation has decreased the demAna
for silver and lowered Its price Wlt1ff
measured by gold, while this same hoSli1a
legislation, by increasing the demand f6r
gold, has raised the value Of gold wlien
measured by other forms Of property.
We are told that the restoration of BIZ
metallism would be hardship upon thpSs
who have entered into contracts payabls
in gold coin, but this is mistake. 1t win
be easier to obtain the gold with which ID
meet gold contract, when most Of tia
people can use silver, than 1t Is now wheii
everyone Is trying to secure gold.
We shall not offend other nations when
we declare the right of the American peo-
pie to govern themselves, and, without lGS
or hindrance from without, decide upon
every question presented for their CON-
sideration. In taking this position, va
simply maintain the dignity of seventy
million citizens who are second to none In
their capacity for self government. ,.-
Citizens of New York, have travelled
from the center of the continent to tbs
seaboard that might, in the very begfa-
ming of the campaign, bring you greeting
from the people Of the west and south, and
assure you that their desire Is not to a.
stroy, but to build up. They invite ycu
to accept the principles of living faith
rather than listen to those who proach tho
gospel of despair and advise endurance of
the ills you have. The advocates of fres
coinage believe that, in striving to secure
the immediate restoration of bimetallism,
they are laboring in your behalf as we'll AZ
In their own behalf A few Of your people
may prosper under present conditions, but
the permanent welfare of New York rests
upon the producers of wealth.
Tribute to New York's Greatness.
This great city is built upon the com.
merce of the nation, and must suffer II
that commerce is impaired. You cannot
sell unless the people have money With
which to buy, and they cannot obtain the
money with which to buy unless they ara
able to sell their products at remuneratiya
prices. Production of wealth goes beforu
exchange of wealth; those who create
must secure profit before they have any
thing to share with others You cannot
afford to join ito money changers in sup.
porting fiji 8s,ial policy which, by de.
stroying the purchasing power of the pro-
ducts of toll must tend to discourage the
creation OF wealth.
ask, expect your cooperation. 1t Ia
true that few of your fnanciers would
fashion new tigure-a figure represent
ing Columbia, her hands bound fast with
letters of gold and her face turned toward
the east appealing for assistance to thosa
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 en-
trance to your city-a statue as patriotic
In conception as it is colossal in propor-
tons, 1t was the gracious gift Of o sister
and stands upon pedestal
which was built by the American people
That fgure-Libcrty Enlightenng tho
Worlds emblenatic of the mission of our
nation among the nations of the earth. e.
With government which derives Its
powers from the consent Of the governed,
secures to all the people freedom of con-
science, freedom Of thought and freedom
If speech, guarantees equal rights to IN
md promises special privileges to none,
he United States should be an example
n all that is good and the leading spirit
n every movement which has for its d.
cct the uplifting of the human race