The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-21
MUCH EXPLOITED MANIFESTO OF
THE TELLER COTERIE MADE
PUBLIC.
SILVER ISSUE PARAMOUNT.
METAL URGED TO GIVE SUP
PORT.
BRYAN STANDS FOR srLvER's CAUSE
Teller and His Friends See In the
Chicago Nominee Embodiment
of Their Ideas.

DENVER, Col, July Ex-senator
Teller and six Of his associates, who
left the national Republican conven-
ton, this evening made public an ad-
dress to the silver Republicans of the
country, setting forth their views of
the situation. The silver Republicans,
congressman and senators, have been
in conference at Manitou for several
days over this statement. In addition
to those signing the address, Senator
Pettigrew Of South Dakota, and Sem
ator Cannon, of Utah, are declared to
be in sympathy with 1t, although SEN
ator Cannon was not present at the
conference owing to business engage
ments in Boston. The address Is as
follows:
eve deem 1t fitting that we, who have here
tofore affiliated with the national Republican
party and who have rejected the financial
plank of the platform adopted at st. Louis
and refused to support the nominees or the
convention, should state our position IN the
present campaign and give briefly our reasons
in support thereof.
when certain delegates to the national Re-
publican convention repudiated the financial
plank of the platform and withdrew from the
convention we determined that we would give
our support to such candidates as should ap-
pear most willing and capable Of aiding in
restoration of silver to its rightful place as
standard money. The Democratic party IN It's
Chicago convention, has taken position In
It's platform pronouncedly favorable to sill
ver and has nominated; candidates of such un-
questionable convictions in favor of bimetal-
lie policy and of such high personal eharac-
ter, that we have determined to give them
our support. We support such candidates be-
cause they represent the great principle of
binetalsm, which we believe to be the cause
Of humanity and civilization and the para
before American
pie.
eve therefore announce that we shall by
voice and vote support Messrs. Bryan and Sc
wall for president and vice president, and we
appeal to all citizens, and especially to Repub-
licans who feel as we do, that gold mono
metallism would be of lasting injury to the
country, to act with in securing their cleo
tion.
1.-THE Democrats who believe in the gold
standard are announcing their intention to
support Mckinley or. proposing to put a third
candidate in the field for the avewed pur-
pose of aiding Mr. McKinley's election.
great number of leading and influential Dem
ocratic journals have declared that they
will support the Republican nominees. 1t is
evident there is to be union OF forces on
the part of the advocates and supporters OF
the gold standard to elect Mr.. Mckinley and
a congress favorable to him which will sup
port the financial policy outlined in the Re-
publican platform.
ITO those who believe in bimetallism, which
means the equal treatment of both gold and
but one course to pursue and that is to
unite all the silver forces. and TO oppose with
all our might the candidate representing the
policy which we believe Is fraught with dis
aster to the nation and ruin to the people.
Gold monometallism means the shifting
to gold alone, as primary money. of all the
BURDENS OF COMMERCE
and credit formerly born by gold and silver
and as the worlds stock of these metals has
always been about equal in amount, it means
%In Ifpn re fhn r6Q
Doubling the burden upon gold means doub-
ling the demand for the. same and doubling
the demand Of any necessity doubles the
value thereof. This gradual shifting to gold
of all the burdens of both gold and silver
has caused a gradual and steady increase in
the value of every dollar redeemable in gold,
and hence a gradual and steady drain In the
value Of every commodity tnat Is measured
by that dollar.
1.-THE Republicans and supporters OF Mr..
Mckinley consented to the insertion In the
St Louis platform of the gold standard dec
laration thinly veneered by a declaration for
bimetallism when the leading commercial
nations Of the world should consent, but
urtiI that consent was secured, the gold
standard must be maintained 1t is we'll
known that this consent cannot be secured
from Great Britain, and that such declara-
ton for bimetallism means nothing with
this limitation on 1t. MFR. Mckinley con-
sented to the declaration for the gold STAN
dard in the platform and in his recent
speeches has accepted it, and has become the
advocate thereof He has shown by his
speeches heretofore made that he understood
the danger Of the gold standard, and the
distress which would be inflicted upon the
American people by its adoption, and yet he
pledges the people to support and maintain
that system and fasten upon them all the
evils of the financial system which he has
heretofore repudiated, If they will make him
president.
Whatever may have been his attitude on
the money question in the past, he must in
evitably hereafter support the same financial
system that the present Democratic admins
tration has, and IL elected must continue
the policy of Mr.; Cleveland in the sale of
bonds in time of peace. Hence. with tie
success of Mr. Mckinley we may look for
continued increase Of the public debt and the
sale Of bonds to maintain the gold standard
That the condition of the country is not
satisfactory all admit The producers of
wealth are not receiving fair and proper com
pensatjon for their labor, whether In field,
factory or mine; enterprise has ceased; val
ues are constantly declining; labor is unem-
ployed discomfort and distress prevail to an
extent never before known in tie history Of
this country. and no reason can be eounJ sor
such an unhappy condition save in !, yicous
monetary system. Those who profess to
nepiore the present financial situation ana
oppose the free coinage of silver are
DIVIDED IN OPINION
as to the present cause OF the present cond,-
TONS. Some declare that it is because we have
too much tariff; others that we have NOT
enough, while the fact exists that every gold
stanoaro country In the world whether 1t has
nigh or low tariff, Is now, and has been
during recent years, in the throes of finan
cial panic; and every silver standard country
compared with its former condition. is en-
jeying an industrial DEVELOPMENT and depree
OF prosperity hitherto unknown in its his
tory.
While thus differing In opinion they unite
In insisting that the gold standard must be
maintained until foreign countries shall sig
nifty their willingness that the American peo-
pie shall exercise the rights of free men and
create a financial system of their own If we
overlook the humiliation and degradation we
must feel on account of such declaration of
financial dependency, we may well. inquire
when the consent of the leading commercial
nations will be obtained
No one who has read the proceedings Of
the three international monetary conferences
that have already been held or who have ex-
amined the practical propositions presented
at those conferences can for a moment be-
heve that any international bimetallic agree
ment 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 the creditor
classes, who collect vast sums of money for
interest due her and her citizens, who buy
Of US annually many more millions than she
sells to us, and whose interest is to make the
pound sterling purchase as much of our pro-
ducts as possible. consent that we shall be
financially Independent, as we are supposed to
be politically independent? When did the
creditor classes of Great Britain ever give up
or in any way yield an advantage such as they
now possess through the maintenance of the
gold standard? There Is no hope for inter-
national bimetallism until the United States
shall establish bfmetaliism for itself and when
that is done international bimetallism may be
secured without the consent of Great Britain
The United States on other subjects of legis-
Iation acts independently of any other nation
on earth. By what process Of reasoning is
its right authority or ability to legislate upon