San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-07-05
FAVOR SOUND MONEY.
German-American Sound Money Lea
que On Free Silver.

German-American Sound Money Lea
que On Free Silver.
New York, July 2.-The German
American Sound Money League have
sent the following letter to every del
egate to the democratic national con-
vention:
Dear Sir: The German-American
Sound Money League, consisting of
members of both parties, was organic
ed to ascertain the attitude of the
German-Americans in regard to the
money question The written re-
plies received from all over the Unit
ed States justify the league in max
ing the following statements.
First-That of the 91German-Amer-
lean newspapers in this country
which discuss qalitfstss f fq9 are III ia
'yor of the .,1rssent gold standard, 80
are for -6metallism or free coinage
Of sffver and 43 are doubtful. A ma.
jority of the said newspapers are
published west of the Alleghanies.
Second-That ninety per cent of the
German-American voters are in favor
of the maintenance of the present
gold standard and will support only
that party which in its platform de-
clares itself unequlvocaaly in favor Of
that standard; that they will not
vote for a presidential candidate, who
by his letter of acceptance does not
pledge himself to stand his declaration
Third-The party which in it's plat
form and through its candidate for
president will declare emphatically
for the maintenance of the gold
standard will command almost the en-
tire German vote, regardless of par.
ty affiliations.
The German American Sound Mon
ey League recognizes the following
facts as established by history, exper-
fence and science:
1. That commerce and industry re-
auire one standard of exchange.
.. That the government stamp up
oncoin or paper does not impart any
intrinsic value to them, but converts
them merely into an instrument of
convenience.
8. That the value of money coslsts
in it's purchasing power.
4. That the issue by the govern
VI Iut NOIIu IOl dCCcDlcu lOl It's
face value, is robbery committed by
ment of money which in the markets
the government against everybody,
who is forced to accept said money Mt
it's face value unles the government is
ready and able to redeem it at its
pretended value.
The league holds the following
views:
). That free coinage of silver would
be such robbery, because sixteen
grains of silver are worth only fifty
one cents in gold, the coin metal of
the civilized world.
8. That the prevailing low prices of
commodities are not due to the demon
etisation of silver but to inventions
and improved processes, which have
cheapened and quickened production
in all branches of agriculture and in
| dustry, silver mining not accepted.
{. That gold has not appreciated
but has merely remained stable.
8. That free coinage of silver
would not increase the value of silver
because the greater demand for twill
continue and expand its over produc
| ton.
| -. lhdt tHe IulhOuo SOhSequShSS VI
free coinage would fall most disas
trously upon the workingmen ant
farmers, whose earnings would Ger
tainly be decreased, unlss they coult
exact for tehir labor and products tw,
dollars, where they now receive on,
dollar. They also would fall severel!
SSs,an persons wholly or partly depend
upon fixed incomes from pensions
gs banks, loan societies, etc.
That free coinage of siive
pc contrary to the teaching o
Jefferson, the founder of tn,
party and being principal
x>sor the benefit of the sill
- also be contrar,