New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-26
nv NEED OF PROTECTION.
CALIFORNIA WILL SUPPORT MKIN.
LEY.
.,x WITH NJ II. DE YouNG-HIs REASONS
FOR FAvORlNG SILVER

A TAIN
FOR FAVORlNG SILVER
II no Young formerly vice-charman OF
MI. .,,l,con National Committee and editor OF
". 90, Francisco Chronicle" was IN town yes
On his way TO Washington, where he VIII
~ few days before starting for Europe MT
1.,,ng is a representative silver Repuo"ca"'
l~ = 4, line for the Nice-Presidential nominal
AN a," as his friends put It. "a silver tail had
ton 49,, On the golden kite" He is an enthusiast
peon .,,,iect OF California and uncompronis-
o" .,o,,io,is, He was in st. Louis during the
ins r,,ion and is pleased with the ticket when
W. W. ,aced in nomination. Mr.. Young says th&t
w. :. no doubt as 10 the election Of Mckinney
VA uo,ar- In speaking of the attitude OF inc
rorr,a people the silver question ne sa"u
-. me bolt Of some silver advocates should not
,-,,okel upon rs showing disarecton on the part
~. GOOD people Of tho West, nor as an indica-
,ba. Mckinney will no, receive the support or
tA,ic,r silver men california instructed rs
nga,es 70 St Louis" he said ito vote for silver
-, they were also instructed for Mckinney. 10
- yho do not know the situation THIS looms
r.-saoxi,al But the explanation is this: We nave
-. choice between the Democratic partys slogan
60 trade and free silver. and the Republican
.rs nlatform-'Gold and Protection. We had
= nhoosa between these two. If We were IN the
.,io-itv. our platform would oe Free silver ana
p-oec,ion' but are in the minority IN our
.-,y and do not believe in the rule or rum pohC!'
=. propose TO remain where we oeions' as HeP""
r.,rs. and leaving party patriotism out OF
,a ouestion having choice between silver anu pro-
,.c,,on we deem protection paramount.
nca,ito-ria's greatest wealth lies In :he products
,.r scl livestock and WOOL and we want pro-
,...,on We must have 1t. in order to resume once
ore the position Of proud prosperity Whch we
o...niei FOR many years. In my opinion, the whoie
,u,trv is languishinS for protection. Not on.y the
,,sucers from he soil. but our manufacturers ana
oil undAr-.aDi that return 10 Re
hIcan rule % the Republican partys abe
ns,boAs Of fnancierng. means a positive ana
1sne return Of good times increased business and
annie work for ali those who are at present unem-
poyed"
Mr. De Young was asked why California. which Is
The greatest Ct al gold-producIhS S'a'eS' A"''''
the free coinage Of silver?
There seems 70 be universal error IN TINS part
a, the country on the silver question: he said The
treat majority of people suppose that the advocates
0, silver are confined TO the silver mne-owners IN
The slver-prcducing States. California; position III
this question is the that of the states whi'h
rsIther produce silver nor have silver mliec such
States as Ohio Illinois, Indiana. Kentucky. Georgia
or Virginia. Now. the reason why these states ana
California advocate silver is because they are fnv
convinced that there Is not enough gold IN 'he "o'
for the basis OF the transaction OF It's business inv
natural result OF this deficiency is that god Is con
SANITY approaching In value. THIS fact IS C'e"''
demonstrate ted by the yearly increase III 4ts iui-
chasing power We all know fun well. also, that the
natural products Of the country are deprecaths.
No, many years ago one could get gold dollar for
seven pounds of cotton; to-day We give sixteen
pounds for a yellow dollar. We have 70 give 'WiOS
as much wheat as before for gold dolar, an!
tas same ratio follows through the whoe long ISL o.
our natural products. That Is one reason why ING
Producing ask for two metals for coinage Al
"a the basis for the business transaction. on pe'p'
IN ork have frequent and striking evidence o.
the strength OF this argument Al some times 0i ue
year ships cave your port carrying away millions
Q. gold in boxes and barrels. and al Other times th-
same gold repackcd come: back 10 NeW-l OK ~
cover Indebtedness of foreign correspondents
This painly demonstrates that there Is not goil
enough in the world 20 transact business ana II must
necessarily be moved from one commerce.. centre -
another as the trade requires II.
Right here | want 10 answer one OF me stal.t
arguments OF the gold man. We are told that n this
country adopts free coinage Of silver II VIII become
the dumping ground for the words silver. ! have
world outside of the United states 70 dump, and that
there Ia no danger TO be expected from nat source
There are frequent occasions when any one may see
tat the United states is the only market ior sV"r
Less than weeks the French Government
bought in this market PC 900 ounces OF silver. and ~
In the market for another 10000 The London
market has order for silver from China with
which that country proposes 70 pay part OF the wa
indemnity. and the London agents are In this market
- buy the silver The result has been that silver has
gone up and silver certificates at per cent pre-
in favor Of Mckinley and silver. and We fee
confident that vii. WIN our battle in Congress.
and that It q not necessary to .ose the blessings Of
protection to do SO.