New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-13


Transfers to the pockets of the creditor class
earned increment, the influence OF this great Nation
are prepared TO accept the natural and legitimate
consequences Of such an act Any legislation which
the exthangeable value Of the dollar therefore. the
crusad agains, silver must Inevitably raise the pur
chasing power OF money and lower the money value
Of all ather forms of property.
EVILS OF A GOLD STANDARD.
Our opponents sometimes admit that !; a mis-
take to demonetze silver. hut insist that should
submit to present conditions rather than return to
the bimetallic system They err in supposing that
we nave reached the end % the evil results Of gold
standard. have not reached the end. The injury
&c continuing one. and no person can say how long
the world is TO suffer from the attempt TO make god
the only standard money the same influences wnca
safes will. II successful here. be turned against
other silverusing countries. and each new convert
Il the gold standard Will add to the general distress
b long the scramble for gold continues. prices
nus fall and a general fall in prices is but another
our opponents while claiming entire dsinter
sstedness for themselves. have appealed to the
selfshness OF nearly every class Of society Rec
ognzing the disposition OF the individual voter to
himself we present to the American people the
financial policy outlined in the Chicago platform.
believing that Il will result in the greatest good to
The greatest number.
The farmers opposed 70 the gold standard
because they have felt It's effects Since they sell
a. wholesale and buy at retail they have lost more
ban they have gained by falling prices, and, besides
NAVE not fallen at all Taxes have not been per-
ceptibly decreased. although it REQUIRES more OF
money with which to pay taxes. Debts have not
fsilen The farmer who owed $1,000 Is stiil COM
PEELED 10 pay 5000 although II may be twice as
difficult as formerly to obtain the dollars with
which 20 pay the debt. Railroad rates have not
lean reduced to keen pace with falling prices, end
besides these items there are many more The
farmer has thus found it more and more difficult
10 live. Has he not just complaint against the
gold standard?
THE WAGE-EARNER AND FREE SILVER
The wage-earners have been injured by a gold
standard and have expressed themselves upon this
subject with great emphasis In February, 1885,
netiton asking for the immediate restoration OF
the free and unlimited coinage of gold and silver
q, ,s - was signed by the representatives of all.
or nearly all. the leading labor organizations and
presented 10 Congress Wage-carners Know that
while gold standard raises the purchasing power
tain possession Of the dollar, they Know that en-
probable and unemployment less certain gold
STANDARD encourages the boarding OF money be-
prise and paralyzes INDUSTRY; On lhv otner nanu,
Inc restoration Of bime'allism Will discourage
boarding because. when prices are steady or ris-
ing money cannot afford TO lie idle In the bank
vaults The farmers and wage-earners together
The country. Why should their interests be ignored
in considering financial legislation? monetary
system which Is pecuniarily advantageous TO a
fcw syrdicates has far less to commend IT than
system which would give hope and encouragement
those who create the Nation > WedItn
WISDOM FOR EVERYBODY.
our opponents have made a special appeal to
those who hold fire and life insurance policies but
these policy holders know that since the total
premiums received exceed the total losses paid a
rising standard must be Of more benefit to the
companies than TO the policy-holders
Much solicitude has been expressed by our op-
ponents for the depositors in savings harks ad
vantages of gold standard but these appeaSS VIII
be in vain because SAVINGS bank DrTeasins
danger that they will lose their deposils t
Of the inability Of the banks to collect thelr asse's
nd they still further know that II the eoiq stanu
ard is TO continue indefinitely .they nay .. co on
PEELED to withdraw their deposits in order 20 pay
living expenses. 49, ,roroos,,, num-
ler Of failures in order know that god staru-
ara Is ruinous to merchants and manufacturers
These business men do not make Invr noney but
from the people to whom they sell their gooosd; ~
the people cannot buy. retailers cannot SET anu II
retailers cannot sell wholesale merchants and
manufacturers must go into bankruptcy 49,
stock Of railroads and of other enterprises 90
not include those who speculate IN stochs or
a1vantage in construction contracts-are injured
~ gold standard The rising dollar yyed tc
ire their liabilities and as DIVIDENDS ca anne sa pe
sized. the stockholders must pear 'he ou'Oe" -
hard times t,ors depend upon
,,'si,'ess conditions and the gold standard boon
jsns the amount and threatens the permanehcy
OF sEch sares except the salaries of those who
hold office for life must IN t nose oN Who pay the
Ives and if the present financial policy continues
must expect the contes, pe'W HttHrr nt
The professional classes-in the InaNl.d m Nv
her support t9 the %Sen mere PROSPERITY
among those who create wealth
NO ATTEMPT TO BE COMPREHENSIVE.
: have not attempted to describe the effect of
the gold standard upon all casses-in fact' nave
.io-n fey- CaC
yill be able TO apply the principles stated TO his
own occupation
l. must also be remembered that II is the de-
sire Of people generally 10 convert their earnings
into real or personal property. This being true IN
considering any temporary advantage which may
come from a system under which the dollar rises
in It's purchasing power. 1T must not be forgotten
that the dollar cannot buy more than formerly I'M
less property sells for less than formerly. Hence
:: will be seen that large pEruOn OF irose MhS
standard Will discover that their losses exceel
II Is sometimes asserted by our opponents that
bank belongs TO the debtor class, but this Is not
Hshed BY solvent bank shows that the assets
exceed the liabilities That IS 10 5ay W %he s {he
rositors II not only has enough on hand In money
and notes 10 pay IT'S deposors Du IN AND S"pi,T r
Plus When the dollar Is rising IN vaue siowiHyS a
good security avoid loss: but, when prices are
falling rapidly, the bank Is app 10 iGse NOR re- p
cause. Of bad debts. than II can gam oy tlie m
crease OF the purchasing power OF IT'S capitai ano
must be admitted, however that some bankers
combine the business Of bond broker win tne
ordinary banking business and these 20 oset ihe
losses arising in legitimate banking business AS
jone &c bnrnan nature remains 1T is there will
auts,e a" ne danper that unless restrained by pub
lie opinion or legal enactment. those who see a
S,ton NAV Yield 10 the temptation TO bring about
that condition. Jefferson has stated tnat one e o1
from iniurirg one another. and never was tnat