The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1896-06-20

Neither time nor pace VIII prFHn
further reference TO the unfortunate ies-
station OF the democratic party. nor TO
the hurtfnL denoralixing effects OF H.
sufice IL 10 say that II has been the
rr,.at AMI original factor in breaking
down confidence. checking progress.
ernprying the treasury. causing eontin-
u~i aesacits and snfarced id!eneSs among
millions Of willing workers To meet the
-noathly defclg and protect our credit
and save the government from protest.
The president has been forced 10 sell
bonds, in other words, he has been
Obliged to mort gage the future in time
Of peace 10 meet The current obligations
u the government
This is in sharp contrast with the re-
pablican record Oar t2r,1 laws no,
culv raised revenue but taey protected
our domestic Industries; they impirttaiy
protected the farmer and the mAnatae-
turer both north ana souia- Not Only
that bat they raised sufhdert revenue
10 gradually reduce the pGAic debt. ami
Without imposing i grleVous burden upon
the people. Daring the administration OF
Harrison a.. lee,No OF obligations were
pasA. while Cleveland. daring the las,
.Are-s years has added - cur Interest
aea-in- debt 50. n.atsn AsalnS, such
democratic h23ncitri1g the republican
PARTY enters its e-nph2t4c protest HaV-
- attempted 10 reverse The tar.r potiey
IF the United 81 IS with such lament
g BE results. the demScratIc party nos
proposes 10 reverse the currency policy.
IL turns 70 the currency : the pare1;
= our u.s- Its s1o-t 10 sniff the re-
SaorS.S-5ty Ni.l deceive 10 one. Its az
ts-k u.1n the t--is- IL return 10 tn=t-
sg.5r-ey ana !nSlrscsrtty, are part OF the
Unfortunate history 81 Ine -epuolsc- The
present currency system i the trGlt OF
-e7ubl!c4n iS5o n Il has c4en adequate
- All our past necessities. and II IN
corrupted Mi meet our future require
ns=rts our greatest prosperity was at
aimed WHEN ;h- republican currency
avs we're N f4- operation When the
republican party VAS IN power our cur
t=ncy WAS good. II Vas made As goot
~ the hes; On me g-ooE. We made
sound money md ws also made an hon
st protective tAriu 10 60 WIKI il So--t
money and an honest protective tasi1
20 hand in hand The very :Oun1aiioa
q a sound currency system = 4 solver.
treasury II the people doubt the intsg-
ri-y Of the treasury they will question
The Soundness OF the currency. RecOs-
MIXING this fundamental fact, the repub-
lem party always provided ample rev
,nue for the treasury. When IN the l4s:
half century OF our history did the dem
5crauc party advocate financial poacy
that was in the best interests OF the
American people? Look ~ its ante-bv.-
.um currency record; consider its nostil-
lty to the currency. rendered necessary
by the eNiEeucIeS OF war. and later. It's
effort 10 initiate the currency in a time
Of peace by the issue Of sreenoacks.
Witness its opposition TO the efforts OF
the republican party 10 Resume specie
payments. But four short years ago Il
declared for a return to the Old dis
credited state bank currency. The r,@
publican party has not been unfrlenily
- the proper use of silver. II has Al
ways favored. and favors today. the use
Of silver as 4 part OF our circulating
medium But i flvors that use under
such provisions and safeguards as shall
not inprri4 orr present national stan
lard The policy OF the republican party
: 70 retain both gold and silver as a part
Of our circulating medium. while the
policy OF free coinage OF silver leads %
certain silver monOmetalism. 1t Is an
mmutable law that two moneys Of I'M
equal value Will not circulate together
and that the poorer always drives out
the better
The republican party. desiring fairly
10 secure large use Of silver, pledged
| Itself in favor Of an International agree
ment Harrison. true to the pledge or
| the party, took the ,nitiltory steps. and
Invited an international! monetary con-
| ference at Brussels a. which the sub
| 5ect Of an International coinage agree
menJ was ably and probably discussed.
| The democratic parry Was also commit
| ted TO international b.netallism. but
| when 1t came into power the work which
| had been So luspic!ously begun by the
repab lean party WAS abandoned II was
| so absorbed in its efforts to break down
| the Mckinley law and empty the treas
ury that it had no time TO promote IN
terna-!0nal b!metalIsm.
Those who profess TO believe that this
government can. Independently OF the
other great commercial powers. open its
mints TO the free and independent coin
age Of silver at a ratio OF Is to !, when
me commercial ratio In all the great
markets Is u to l, and at the same time
not drive every dollar Of god out Of cir
cu.atJ1, but deceive themselves.
Great ana splendid and powerful as
our government IL. IL can not accomplish
he Impossible. II can not create values.
Il has not an a.chemists subtle art OF
transmitting unlimited SILVER into gold.
nor can it, by omn!potent fiat, make -
cents worth 10 cents. As well undertake
by resolution of congress to suspend
the law Of SraTitatiOn attempt TO
compel an unlimited number Of 81 cent
dollars to circulate with 100 cent dollars
At a parity with each other An at
tempt 70 compel unlimited dollars Of
parity : bad in morals and IS vicious n
{ 0 .cy. SQUAD thinkers upon the great
question Of the currency know from the
tegnn.ng Of the experiment how rnis---
-o.y and certainly it WOMB fail. The
comm area Of the country would be again
thrown upon the sea Of uncertainty. and
the spect-r Of want would continue %
haunt IL for years - c2me.
Upon opening our minis to the indie
pend-n, free coinage Of silver foreign
credits wound BE- Withdrawn and domestic
credits would be greatly curtai,ed. More
than This. there would be certain and
sl ilen contraction Of our currency By
the expulsion Of $500. 10OCO0 OF gold: AMI
our paper AMI silver currency would IN
SANITY and greatly t-pr-ciat- in pur-
chasing power, Bat on- result would
folio tA!s-en;erprise would be further
Hbtr- tssed business decentralization
would D. Increased. ana still further AMI
serious Injury would be inflicted upon
the .ap0r~-s. The farmers. and all those
whose "--ft-- depends upon 4 whole
some commerce.
A change from the presen, STANDARD
% the loT-r silver STANDARD would cut
down the ree0mpense OF labor, reduce
the value Of the sa".ugs in savings
banks AMI building and loan associ4-
'.ons; salaries and incomes would
shrink; pensions would be cut in two;
the oene!icilr.es Of life insurance would |
suffer. tn snort, the injury would he 40 |
universal and far-reaching that a raIi- |
cal change can be contemplated only |
with the gra"-st apprehension
a sound currency is one Of the essen |
tial Instruments In developing our com !
r7"'ee. X IS the purpose Of the repub- |
lean parry not only 20 develop our do |
nestle trade but to extend our com
rn@r0e 10 thu u'taTmOst parts OF the
earth We should not begin our contes,
Tor commercial supremacy BY destroying
our currency standard. All the leading
power win winch We have to cornue,e
e o. FgEH q .aff rHf