The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-10-28

with gold, and we favor all measures
designed to maintain inviolably the OBJ
legations of the United States and all
our money, whether coin or paper at
the present standard, the standard of
the most enlightened nations of the
earth"
1t will be observed that the platform
is in favor of the gold standard Cor
measured; that is, is opposed to the
free coinage of silver unless by interna-
tional agreement with the leading COM
mercial nations of the world which II
pledges the party to promote; and until
such an agreement can be obtained it
declares the gold standard must be pre-
served
As no sane man for moment sup
poses that the leading commercial ma
tions of the world, such as England,
France, Germany, etc, are going to
abandon the gold standard in order to
promote free silver coinage, but on
the contrary that the whole object of
an international agreement is, while
preserving the gold standard which
those nations refuse to give up, to pro-
vide such safeguards as will admit of
silver being again coined as money and
circulating with gold, without driving
the gold out. it is evident that the dec
laration of the republican platform in
favor of the gold standard until an in
ternational agreement is reached, is not
a declaration that when that agreement
is reached the gold standard shall be-
abandoned but on the contrary that it
shall still be continued forever, More
over, as an international agreement
would prevent silver from driving gold
out of circulation, and would permit
both to circulate together, to open the
mints to silver coinage then would give
us practical bimetallism, and not a sill
yer recommendation, which is all Mr..
Bryan's project amounts to,
The republican platform therefore de-
clares in favor of the gold standard,
and of free silver coinage as soon as we
can have practical bimetallism, and not
silver monometallism merely.
Now throughout this campaign, Mr..
Bryan has rallied at the republican
platform, and laughed it to scorn, for
the alleged inconsistency in advocating
the gold standard and also bimetal-
lism. In his speech in the Chicago con-
Neutioi nc SOU, WHY ~ my W. 70
the solu stanoara Is soou thihs, we
point 70 lheir paatlorih anu zen tiieili
thae tilelr platform pieuses Tue party "
So iiu VI 'ile soia stahuaiu anu 9up
stitute bimetallism" If the gold
standard is a good thing, why try to
So ~ ~ - Aiiu - 'ne so,u
=, oau enins' WY
...,,,., w.. - -. $50, ~ y. o., - ,,,s
al !, ~ ip - ~, am,
,,p,,,,,,i,.,,,
| cold standard is a good thing The re-
publican nartv EXPRESSLY declares hi
metallism is better than the gold stand
ard, because when the republican plat
| form pledges the republican party to
substitute the double standard for the
| gold standard, it makes a valid decla-
| ration that the other standard is desir-
| able, in preference to the single gold
standard" And in almost all his other
| speeches he has rung the changes upon
| this theme.
| We have seen that the republican
| pia'ioi - uoes llot propose 70 get rid OF
tile soia standard az all but on the
eoii'iaiy' 70 continue IL forever; that 1t
uoes NOT propose 10 SUBSTITUTE pimetai-
iisii iol the solu standard, put to nave
1 pi.he laiiisii VIII the gold standard re-
'aiheu' Una. II ooes not pleage the SUD
s'i.u.'oa VI eile eiouple standard Tor the
| soiu stahuaru as MI, Bryan alleges,
| aiiu Consequently Goes not declare pi-
| hietaiiisli 10 oe pettef than the gold
9'"iu0iu' as ne erroheously lniers. IL
appears therefore, that MI Bryan $
| arsuiheiits on TINS point are based IN
laise premises, ana hence fall.
On the other hand, it is apparent that
| not only is it not inconsistent for the
republican, party to advocate btmetal-
lism, and also the retention of the gold
standard; but that this is the only
| possible way in which we can have
| bimetallism in practical use at all; and
| furthermore, that bimetallism, as adj
! vocated by Mr.. Bryan at the ratio of
| gold standards is not bimetallism at
all, but monometallsm, and his project
/ is not only an impossibility, but a pat
eIlt apsuroity.
Mr.. Bryan's main argument, and the
one which appeals more than any other
to the people, is that more money is
needed in circulation to conduct the
| business of the country, and to raise
the prices of property.
During the "Silver Panic of 1898,
when money was so scarce, it lent for
| 20 per cent, 80 per cent, and even as
| L. EA