Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-07-22

to support Mckinley or proposing to put
third candidate in the field for the
avowed purpose of aiding McKinley's
election. A great number of leading
Dem ocratic journals have declared that
they will support the Republican nomi-
nees. 1t is evident that there is to be a
union of forces on the part of the advo-
Gates and supporters of the gold standard
to elect Mckinley, and congress favor
able to him, which will support the finan-
cial policy outlined in the Republican
platform.
"To those who believe in bimetallism,
which means the equal treatment of both
gold and silver at the mints of the nation,
there is but one course to pursue and that
is to unite all the silver forces and oppose
with all our might the candidate repre-
senting the policy which we believe is
fraught with disaster to the nation and
ruin to the people.
"Gold monometallism means the shift
ing to gold alone, as primary money, all
the burdens of commerce and the credit
formerly borne by gold and silver, and as
the worlds stock of these metals has al
ways been about even In amount it means
the doubling of the burden upon gold.
Doubling the burden upon gold means
and doubling the demand of necessity
doubles the vaiue thereof. This gradual
shifting to gold of all the burdens of
both gold and silver has caused gradual
and steady increase in the value Of every
dollar redeemahle in gold, and hence a
gradual and steady decline in the value
Of every commodity that is measured by
that dollar.
Representatives and supporters of
Mckinley consented to the insertion in
the st. Louis platform of gold standard
declaration thinly veneered by declara-
tion of bimetallism, when the leading
commercial nations of the world should
CONSENT but until that consent was So
cured the gold standard must be main
tained. 1t is we'll known that this con-
sent can not be secured from Great Brit
ain, and that such declaration for BIZ
metallism means nothing with this llmita-
tion upon it. Mckinley consented to the
declaration for gold standard in the
platform, and in his recent speeches has
accepted it, and become an advocate
thereof; he has shown by his speeches
heretofore made that he understood the
danger of the gold standard and the dis
tress which would be inflicted upon the
American people by its adoption, and yet
he has pledged the people to support and
maintain that system and fasten upon
them all the evils of financial system
which he has heretofore repudiated, it
they will make HIM president. Whatever
may have been his attitude on the money
uestion in the past he must inevitably
hereafter support the same financial
system that the present Democratic ad-
ministration has, and if elected he must
continue the policy of Cleveland in the
sale of bonds in time of peace. Hence
with the success of Mckinley we may
look for continued increase OF the pub
lie debt and the sale Of bonds
TO MAINTAIN THE GOLD STANDARD.
"That the condition of the country is
not satisfactory, we all admit. Produc-
ors of wealth are not receiving fair and
proper compensation for their labor,
whether in the field, factory or mine; en-
terprise has ceased; values are constantly
declining; labor is unemployed; discon-
tent and distress prevail to an extent
never before known in the history of this
country, AID no reason can be found for
such an unhappy condition save in vi
cious monetary system. Those who pro.
fess to deplore the present financial con-
dition and oppose the free coinage of sil-
yer are divided in opinion as to the
cause of the present condition. Some de-
clare it is because we have too much
tariff; others that we have not enough;
while the fact exists that every gold
standard country in the world, whether
it has high or low tariff, is now and has
been during recent years in the throes of
a financial panic; and every silver stand
ard. country, compared with its former
condition, is enjoying industrial develop
ment and dagree of prosperity hitherto
unknown in it's history. While thus diff
fering IN opinion they unite in asserting
that the gold standard must be main
tained until foreign countries shall sig
Nifty their willingness that the American
people shall exercise the rights of free
men and create financial system of their
own. If we overlook
THE HUMILIATION AND DEGRADATION,
we must feel on account of such declara-
tion of financial dependency we may
we'll inquire when the consent of the lead
ing commercial nations will be obtained.
"No one who has read the proceedings
of the three international monetary con-
ferences that have already been held, or
who has examined the impracticable
propositions presented at those confer
ences can for moment believe that any
international b1metallic agreement can
ever be made with the consent of all the
leading commercial nations of the world
When will Great Britain, controlled as she
is and ever will be by creditor classes,
who collect vast sums of money for in
terest due her and her citizens, who buys
of us annually many more millions than
she sells to us, and to whose interest it is
to make pound sterling purchase as
much of our products rs possible, con-
sent that we shall be financially indie.
pendent as we are supposed to be politi-
cally independent? When did the creditor
Glasses of Great Britain ever give up or
in any way yield such as they now possess
through the maintenance of the gold
standardf There is no hope for interna-
tional bimetallism until the United States
shall establish bimetalllsm for itself, aud
when that is done international bimetall.
ism may be secured without the consent
of Great Britain.
"The United States on all other sub.
iects of legislation acts Independently Of
any other nation of earth. By what pro.
cess Of reasoning is its right, authority OF
ability to legislate upon this, the most
important subject with which it has to
deal, questioned or deniedf
"With a nation equal in wealth and
power to ne-fourth of the world,
IT Is CowARDLY
to say that We must ask permission o
Great Britain to establish and maintain {
financial policy of our own. Believing al
We do, that return to the monetary sys
tenn especially recognized in the constitu
tion and com pletely provided for by Law
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