Daily capital journal. (Salem, Or.) 1896-1899, 1896-09-05

I
and then the demand for such SOU
hard money will he 50 great as 10 i"'
ever maintain it at par. II VIII '''
when treated like gold. be Just as =
as gold. The monometalists deny that
the bestowment of legal tender qualities
will affect its value, and yet they take
very good care that gold shall be fuli
legal tender and endeayor, in ORDER 70
enhance its value. to have it the only
legal tender money. Their actions COM
| pletely belle their assertions.
THE VANDALISM OF GOLD.
The most atrocious prosecutions and
bloody butcheries of the Christians Dy
the barbarous Turks in Armenia for the
last year or two have been more than
sufficient to enlist the sympathies OF the
civilized world, and to demand the
prompt and effective interpositlon or
the Christian nations of Europe. And
yet that interposition has been WITH
held and those butcheries have been
allowed to proceed without the inter-
vention of European governments, tor
the sole reason that such Intervention
might interfere with the value OF Otto-
man securities. The power of Roth
childs' gold has outweighed all human
sympathies, and Christian blood has
freely flowed in order to prevent fail
in Turkish bonds. And right near our
own shores, the gallant sons of Cuba
have for about two years maintained a
most heroic struggle for freedom against
the cruel despotism of Spain, fully
equalling n sclf-sacrifice and valor the
achievements of our forefathers while
struggling for colonial independence,
and yet at the domination of the gold
owner of the'world, fearful of disturbing
the single gold standard, the President
of our great republic turns a deaf ear to
the appeal of the heroic Cubans, the
demand of patriotic Congress, and the
outspoken expressions of universal AM
erican sympathy and serenely bobs
for bass.
Gold is the great vandal of the nine
teenth century. Through its power, it
has refused among the leading nations
of the earth the recognition of silver, its
equal yoke-fellow of the centuries, as
full redemption money, narrowing for
its own enrichment the legal tender
money of the world, and in just that
same proportion dwarfng the ener-
gies and checking the growth and
progress of the nations. A writer
in recent number of the Fortnightly
Review gives graphic picture Of the
result of the single gold standard in
England when he says, Farms are
abandoned, the green fields of former
days, peopled as they were with thriving
focks and handsome herds, converted
by the rude processes of nature into a
dismal, unproductive waste, from which
even the cottager has fled as if from a
plague; country mansions closed or
occupied by caretakers, their owners
no longer able to sustain the charges
which an establishment entails, while
rural laborers, hocking into towns swell
the already swollen ranks of the un-
employed" The same results are wit
messed to some extent in our own
country.
That the value of gold may be en-
hanced, its dcvotees apparently recl nc;
the ruin the fatal policy brings upon tt,
country. Processing opposition 10 sil.
yer as standard money, they have
already really placed the country on
silver basis, as their continued forced
loans of gold to maintain the treasury
reserve incontestibly demonstrates. Pro
Tossing to favor sound money, they hag
prevented the coinage of silver, thu
leaving the country in a pitiable plight
without gold unless borrowed, and wi,E.
out silver, it not being coined, and wit
its currency of bank notes and clearing
house certificates spasmodicallY issued.
Processing adherence of repudiatiGN,
they have forced upon the country pol.
icy which has already absolutely com
PEELED the debtor to yield up his prop
erty to the creditor, who then finds half
his claim repudiated, without hope OF
redress. Protesting to give the laborer
good money, they deprive him of any
money by enforcing idleness upon him,
compelling his sons to tramp for wor K
an1 his daughters to seek a life of shame
for bread. The crusade for the restora-
tion of silver money is one in the inter
est of humanity, morality and civiliza-
tion, and one ON the result of which
hangs the destiny of seventy million
of people.
CONCLUSION.
Three years ago wrote Christmas
letter to President Cleveland, in which
truthfully stated that two-thirds of
the people of Oregon were out of re
munerative employment. If l were to
write him letter to-day, upon my con
science would be compelled to increase
the proportion. To stand where have
stood as Mayor of Portland for more
than two months and listen to the ap-
peals of strong. able-bodied men, with
tears in their eyes, for a chance to earn
bread for their wives and children, i,
almost enough to melt heart of iron.
A child will weep a bramble's smart,
A maid TO see her sparrows part
But woe awaits country when
Ii sees the tears of bearded men"
The friends of Mckinley assert that
all this evil has come upon the country
since the election of Cleveland. This is
great mistake. Four years ago last