The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-09-29

coinage al a ratio OF liz TO 1. II will oppose
the expulsion OF gold from our circulation
nebascd Money Destroys values,
III there is any one thing which should
be free from speculation and nuctuation,
Il is the money OF a country. IL ought
never to he the subject OF mere partisan
contention, when we part with our Aeon
our products or cur property, we should
receive IN return money which IL a. stable
and unehanging In value as the ingenuity
OF honest men can make H. nehascment
OF the currency means destruction VI val
ues. No one suffers SO much from cheap
money as the farmers and la0orcrs' they
are the hrst to feel It's bad effects and the
last to recover from them This has been
the uniform experience OF all countries,
and here as elsewhere the poor aud not
the rich are the greater sufferers from
every attempt to debaSe our money, II
would fall with alarming severity upon
Investments already made, upon insurance
companies and their policy-holders, upon
savings hanks and their dcpoSitors, upon
building and loan associations and their
members. upon the savings OF thrltt,
upon pensioners and their families, n
upon wage earners and the purchasing
power OF their wages,
cheap Money Experiments,
"The silver question is not the only
issue affecting our money In the pending
contest. Not content with urging the free
coinage OF silver, It's strongest champions
demand that our paper money shall DO
issued directly by the government OF the
United States. This Is the Chicago Demo-
cratic declaration, The 81, Louis Peoples
party declaration Is that our national
money shall be issued by the general gov
eminent only without the Intervention OF
banks OF issue. be full legal tender for tho
payment OF all debts public aad private
and be distributed direct 10 the people
and through lawful disbursements OF the
government Thus. In addition 10 the free
coinage Of the worlds silver, we are asked
10 enter upon a N era ot unlimited ire
deCmable paper currency. The question
which was fought out from 1855 to 1919 h
thus TO be reopened with all It's cheap
money experiments Of every conceivable
form foisted upon us. This indicates a
most startling reactionary policy. strangely
at variance With every requirement. OF
sound finance but the declaration shows
the spirit and purpose OF those who. by
combined action. are c~ontending for the
control OF the government, Not satisfied
with the dcbasement Of our coin which IN
evitahly fellows the free coinage OF silver
at l6 to /, they would still further degrade
our currency and threaten the public
honor by the unlimited issue OF an IRE
deemahle paper currency, A graVer menace
to our financial standing and ctedit could
hardly be conceived. and every patriotic
citizen should be aroused to promptly meet
and e%rectually defeat Il.
Dividing the People Into Glasses,
ut Is a cause for painful regret and So
licitude that an effort Is being made by
those high In the councils Of the allied
parties to divide the people Of this cOun-
try into classes and create distinctions
among US which in fact do not exist aud
are r~epugnant 10 our form Of government
These appeals to the passion and prejudice
are beneath the spirit and Intelligence OF
q free people. and should be met with
stern rebuke by those they are sought 20
influence. and I believe they will be, Ev-
cry attempt 10 array class against class
the classes against the masses section
agains; section, labor against capital. The
poor against the rich. or interest against
interest In the United States Is In the high-
est degree reprehensible. II Is opposed Ia
the national instinct and Interest and should
be resisted by every citizen. We are not
a nation nf classes. but Of sturdy, free. in
dependent aud honorable people, desplslng
the demagogue and never captivating to
dishonor. This ever recurring effort en-
dangers popular government and Is a
menace to our liberties. Il Is not a new
campaign device or party appeal. II Is as
old as government among men. but was
never more untlmely and unfortunate than
now. Washington warned us against "
anil wahsFer eatA In the aanata words
which | feel are ~singularly appropriate a,
this time; I admonlsh the people against
the object Of outcries like these. | al
monlsh every Industrious laborer Of this
country to be on his guard against such
delusion. I tell him the attempt Is 10 play
OF his passion against his interest and tC
prevail on him In she name Of liberty Il
destroy all the fruits OF liberty.
Protection of supreme Importance
Another issue Of supreme importance
Is that Of protection. The peril OF free
silver Is a menace TO be feared. We ARE
already experiencing the effect Of partial
free trade. The one must be averted. the
other corrected. The Republican party {.
welded 10 the doctrine Of protection aud
was never more earnest In It's support and
advocacy than now. n argument were
reeded to strengthen It's devotion 20 III,
American system or increase the hold oi
that system upon the party and people, Il
Is found In the lesson and experience a
J the past three years. Men realize IN theil
own daily lives what before was TO many
Of them only report. history OF tradition
They have had a trial Of both SYSTEM
and know what each has done for them
Washington. in his farewell address
Sept. II. 1886. 100 years ago. said: AS q
Q 1870 tva . 49, nsHWU. n aHWnnrFh aud aa
curity. cherish public credit. One metho.
OF preserving II Is to use II as sparingly a.
possible: avoiding the accumulation Of deb
not only by stunning occasions Of expense
hut By vigorous exerti0ns In time Of peace
to discharge the debts which unayoidaOlt
wars NAV have Occasloned. not ungener,
ously throwing up-n posterity the burden
which we ourselves ought 10 bear. Tt
facilitate the enforcement Of the maxim,
when he announced. be declared IT II
essential that you should practically Deai
in mind that toward the payment OF debt
there must ne revenue: that TO have Fe:r
nue. there must be taxes; that no taxes car
be devised which are not more or less In
convenient CT unpleasant: that the IN
trinslc cmharr0s sinent insepsrable from
the selection Of proper objects (which q
always a choice II diflcultiesl nught 10 n
a decisive motive for a cony'ructi1n of hi
/ conduct CT the government in making 10
and fer a spirit Of acqu!escence IN tn
measures for obtaining rcvenue which IN,
public exigencies may at any time dictate.
Prompt Protective Legislation De.
manded.
Animated by Ike sentiments the peopl,
cf the country must now face the condi
tons which bcget them. The public cy.
gency' demands prompt protective legisla
ton which viii avoid the accumulation o
further debt by providing adequate revc
pues for the expenses Of the government;
This is montfastiy the requirement # duty
II elected pre- dent 0, the United States, /
will be my aim 10 vigorously promote thi