The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1896-09-03
THE GRIP OF GOLD.


dead standstill on the money question.
The free coinage senators are masters of
the situation.
The condition Of affairs In the United
States Congress demands the immediate
attention Of British flnanciers and states
men. The trade Of the world is now in
our hands, but IL will not long remain
there II the United States goes to BIZ
metallic basis with cree and unlimited
coinage of silver
With the addition Of silver to the vol
ume Of money, everything in America
would take on new face labor and in
dustry would gain new life. The grip of
the gold standard on the products of the
world would be loosened and.prices would
rise. Great Britain would lose her mar
kets in South America, Asia and Europe,
and American ships would not be long in
capturing the carrying trade of the world.
British oreditors'must now apply them
selves quickly to the American money
problem. The sound money men and
banking interests, led by Senator Sher-
man, Cleveland and Carlisle, with plen-
tiful supply of means, have been beaten.
The American people are now thoroughly
aroused and educated on the power and
use of money, and made desperate by
debt and business depression, they are
forcing free silver''as the main issue
Great Britain need fear no injury to her
trade OF investments II the Republican
party can force protection tariff" as the
main issue in the coming Presidential
campaign, but il free silver dominates
the American mind and carries at the
polls, 1t will bring about a change In
England that will be ruinous from It's
suddenness and severity. The damage
that can be done British manufacturers
by the protective tariff is slight compared
with the disaster that would be entailed
by change from single gold to COM
plete bimetallio standard.
It is evident that the Democratic party
will not renominate a man who holds to
President Cleveland's ideas on money,
and the only hope for continuation OF
Mr.. Cleveland's financial policy will be
In the success of the Republicans in the
next election.
The success Of free coinage will bring
down the rate of interest on money and
cause an immediate rise in the price Of
all commodities. When silver becomes
primary money the American mines will
pour their products into the mints, and
new era similar to that produced by the
issue of greenbacks during the civil war
will begin. Gold will leave the banks
and enter into competition with silver In
the avenues of trade and the manufac-
tories of the United States, which have
been shut down or crippled since 1899,
will again resume their fight for the Eng
lish markets. 1t is doubtful whether the
Republican party can be held much
longer In check by sound money states
men, as its adherents are divided by pow
erfrl factions. The Democratic party is
also breaking up under the weight of
the free silver agitation. 1t matters not
to Great Britain which party succeeds II
the gold standard is maintained, but
either of the old parties or new party
which goes into power pledged to free
coinage will be inimioal and prejudioisl
to English manufactures and trade.
The American people cling with won
derful tenacity to party organization, but
financial embarrassment and business
stagnation has become too severe for their
patience, and they are ready for any
change that promises relief. They are
becoming convinced that II cannot be
found in tho protection theory, as that
has been tried, and they are massing now
M praa silvar Whan that laoua oas, n.