The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-29
NO SILVER FOB THE MAYOR.
Promfnent South Jersey Democrats
Declare for Sound Money.

~i}fFsUf 10 tftC Jcsest Gun {tEtfT
EGG HARBOR CITY, Aug. %. 1896. -
This city or Atlantic county has never
had more ardent Democrat than DR..
Theodore H. Boyesen, a former popular
Mayor, once Coroner and a prominent
practiclng physician, and a party leader.
Several days ago DR.. Boyesen received
letter inquiring as to the local political
sentiment and situation in this vicinity.
The Doctor lost little time in penning his
reply, and it is explicit enough to satisfy
ANYBODY. 1t is as follows
Dear Sir-Yours of the 18th is at hand.
/ had been expecting to hear from you
but must say that l expected an epistle
of different nature, from which state
ment you may infer that | am not with
you this trip. I consider myself a Demo-
crat of the purest water, but when the
so-called Democratic party departs from
the time-honored principles which have
served as landmarks for it since the exist
ence of this Government and deliberately
chooses 10 follow an ignis fatuus-an
ism--to the almost total exclusion of all
else, must be counted out of it,
Money is to my mind a medium of ex-
change which represents labor or it's
results 1t must therefore intrinsically
represent that labor, and nothing on
Gods earth will continue to be accept
able as universal medium of exchange
which does not hold in Itself the full
value Of the labor which it represents.
The continual reduction in the price of
silver, Notwithstanding all the efforts that
have been put forth, not only by this
Government, but by many others, to main
tain it's parity with gold at a fixed ratio
proves not only that silver is being more
and will in all probability continue to
grow cheaper, but by reason of its ffuc-
tuation in price its use a money metal
must eventually cease. as has that of
copper, bronze, brass, tin and iron. the
Populists make one great mistake, and
that is the basis of all their arguments
on the money question. They say the
Government has the exclusive right to
little word make lies the entire faliacy
of all their assertions. The Government
can no more make money than you or
can 1t may designate money-name
certain commodities which shall pass cur
rent as money, but it cannot make those
commodities pass current for more than
their intrinsic value unless it promises
to exchange them at the will of the holder
for that which does possess full value.
A promise to pay will pass current for
full value only If the Iaitn in Ifrs maker
of the promise is unshaken. GreenbacSs
reached par only when the public became
convinced that the Government would re-
deem them at their face valae-at that
standard which had been ixed by the
passes current ait par only because, it is
convertible into gold at the option of the
holdSr-the credit OF the Government Is
back Of it. Why? Because it is cafned
on the account of the Government. Make
coinage free, take away the credit of the
Government and silver VIII Immediately
sink to its level. to that value which rep
resents the labor required to produce it
apd no power on earth can prevent it. The
dictum of Congress can no more control
the value of silver than 1T can fix an
inyariabie price for potatoes. SuppoSing.
however, Congress should declare for free
silver the money standard would be low
cred debts scaled, pr-ces sent sky high
nominally, and labor in The shape of
salaries, wages. etc. would be the last
tc advance and make the least upward
move.
4 get say one dollar now for medical
advice would / be able to command two
under frye silver? You get. say 40 cents
per 1000 gen3s as compos.tor. would you
get so CENTS for the same work? Again
would such scaling of the standard OF
value De honest and honorable? MOI A
thous6nd times ne.
Bl9 enough. I could continue all day
giving good and valid reasons why | ana
a fbetfer one than he ever was. / win
Bnclude by saying that / am not alone
&mong the Democrats in this vicinity
an the pos ticn am 7taklng God grant
that after the securing which Democracy
will get next November the party may
awaken from the nightmare which now
oppresSes 4 a11d take On again the true
raiment Of 1ibeEtv and equality tree from
the bIots and biemishes which now be-
ss ssx ysssasF s, ssg ass sssssss