Mexico weekly ledger., 1896-08-20

aenlned by some because 1t dissents from
an opinion reRdered by the supreme court
d fsonaI. ou 1re c riiose even saa !" so far as to
apply the name anarchist to those WING
ssand SSDD O1 ps that Bsaedd 4 e. .he R Peat e1pressi II
recognize the binding force of the decision
30 long as IT stands as q part or the law
OF sas ahs iond; Of T an st is m sh to p disp1ffe the he
authority OF the supreme court. The party
is simply pledged to use al the co1st,,
decision, or which may come from its re-
versal by the court, as 1t ma hereafter pc
eSnstitnted. Is there n In
Has No Apology to Oner.
When courts allow ~rehearings, he said.
they admit that error ts possible; the late
decision M gains sor the ~ 19c Snn af sax y ~ ssb fsn-
e oGs all Other er' qaestiSsnss ia importance. ]
S Mr.. Bryan y that i shall snsr 10 apoiogyfor
form: me iast Income tax sought to sp,
t eaaisa Of 't the soVernmsns. At present
e Die sRsn tsToS oE ~ sete lsaeTa re genesnm esaes
and import duties, are especially burden
some Upon t tbs poorer froT classes aasns Of tisoslet y,;o- a
frsm other citizens less, than their
o 81 srah Is slmgis oa ae m nnanrs'' pr as :
to another mans pocket; n while the
asyer be sstlsfa9ct0ryN Not to o these s ghS
an income tax law BY the national conven-
tion. but l shall also refuse to apologize
for the exercise by 1t of the right to dissent
from a decision of the supreme court. In
I government like ours, every public off,
cisl Is a public servant and the people have
8 hifaT 10 %S S5is eonsci has 2tnaiIl %disch a9ps1hiiis s
duty will desire to deny to those he serves
the right to discuss his official conduct.
All Favor BimetaIlism.
Then, entering upon what he. declared
The question Of the campaign
the money question-Mr, Bryan said: It
is scarcely necessary to defend the prin-
Turing the entire history OF the United
States has ever declared against it, and
40 party u in oh this campaign Il pT6g1sa has ns had The
a aia9'r not onf E9p deciar d for bimeetaliism.
Ree haxs G to resfor she stf FRsei to is hsFa ancIeR9
position by the side of gold; The repub-
metaliism is desirable when it pledges the
republican party to aid In securing it as
sGHn as ea he b ass astained or fsaeatn w s2reiE Eep ne-
sented tho minority sentiment in the Chi
cago CONVENTION Opposes a the ne h fre inS Se1nnge
ent action, on the ground that in their judg-
ment 1t would retard or entirely prevent
hiss esta q p sbIns the OF e iq@5efna of fhs eo olIae1-
ment should be steadily directed. When
they asserted that the efforts should be
Of international bimetallism. they con-
denined mononetalllSfn-
Found Wanting.
The gold standard has been weighed in
the balance and found wanting. Take from
1t the powerful support of the money
owning n the money-changing classes
and IL cannot stand for one day In any ma
ton In the world. 1t was fastened upon
the United States without discussion be
fore the people. and its friends have never
the Voters upon that issue. There can be
no sympathy or no cooperation between
the advocates of a universal gold standard
and the advocates of bimetallism. Be
tween Observation-Disclosures Independent
or fnternationaf-and the gold standard
there is an impossible gulf.
p Are They Sincere?
Is this quadriennial agitation In favor OF
International bimetallism conducted in
good faith, or do our opponents really de-
S m%ane no Wsi hre th eye wiling fGfa S to Confess tie
superiority. of a double STANDARD when
tdaiS in in Y the the l sfii ,s., nat ions s Of th ,s
the only metal suitable for tandard money
among civilized nations7 II they are. in
fact, DESTROYS of securing bimetallism, We
may expect them to point out the evils OF
a gold standard and defend bimetallism as
a system. If, IN the. other hand, they are
tSAL1lDS Int GIG to"dIu III e
manent establishment of a gold stand
ard under cover of a declaration in favor OF
in suggesting that honest money cannoi
he expected at the hands of those who deal
dishonesty with the American people.
Test or Honesty In Money.
The test of honesty in money, he said,
must be plainly, found in the purchasing
power of the dollar. An absolutely honest
dollar would not vary n its general purchas-
ing power; 1t would be absolutely stable
when measured by average prices. A doilar
which increases in purchasing power is
just as dishonest as a dollar which de-
creases in purchasing power. 1t cannot
be successfully, claimed that nonometaI-
lism or bimetallism, or any other system,
Under both monometallism and bimetal-
ism the government fixes the weight and
finenesS of the dollar. invests II with legal
tender qualities. and then opens the minis
| to its unrestricted coinage. leaving the pur-
I chasing power of the dollar to be deter
mined by the number of dollars. Bimetal.
lIsm is better than recommendation, not
because 1t gives US a perfect dolar--that is.
a are sonar ara, a1 as}ng ow wnyaTglns b IN ita gen. 2,
makes q nearer approach to stability, to
honesty. TO justice, than q gold standard
were enough open minis to permit all
the gold and silver available for coinage
to find entraneezinto the worlds volume
of standard money, the United States
might nave maintained a gold standard
with less injury to the people of this coun
,,r,ye g9e n goId Stando r eae en- step t4 3Sa d g
chasing power of gold. depresses prices
and transfers to the pockets of the creditor
class an unearned increment, the influence
of this great nation must be thrown upon
the side of gold unless we are prepared to
accept the natural n legitimate conse-
Queuces of such an act. ANY Legislation
which lessons the worlds stock. of stand
ard money increases the e~xchangeabl
value of the dollar: therefore. the crusade
against silver must inevitably raise the
purchasing power of money and lower the
| MONEY! value Of all other forms of DrOD.
erty.
Our opponents sometimes admit that Il
was a mistake to demonettze silver, but
insist that we should submit to present con
ditions rather than return to the bimetallit
system. They err In supposing that We
of a gold standard: we have not reached
the end. h injury Is a continuing opt
and no person can say how long the worit
is to suffer from the attempt 10 make gold
the only standard money. The same In
fuences. which are now operating to de.
successful here, be turned against othel
silver using countries, and each new con
vert to the gold standard will d to tn
general distress. So long as the scrambl'
for gold continues, prices must fall, and
general fall in prices is but another defini
ton of hard times.
Our opponents, while claiming entire dis
interestedness for themselves, have ap
pealed to the selishness of nearly ever!
tioans Of Fl the s eindivlauai Voters to consider tn,
effect of any proposed legislation upon him
self, we present to the American people tn
PLATFORM, believing that it will result in tn
greatest good to the greatest number.
why Farmers Oppose Gold Standard.
The farmers are opposed to the gol'
standar because they have felt its effects
Since they sell at wholesale and buy at re
tail, they have lost more than they hay
gained by falling prices, and, besides this
they have found that certain fixed charge
lave not fallen at all. Taxes have, no
been perceptibly decreased, although
requires more of farm products now tina
formerly to secure the money with whtcl
to pay taxes. Debts have not fallen. TIL
to pay $1,000, although it may be TWICE a
with which to pay the debt. Railroa
| rates have not been reduced to keep pae
with falling prices, and, besides thes
items, there are many more. The farme
has thus found It more and more Difficult
to live. Has he not a just complaint agains
the gold standard?
Bad for the Wage-Earner.
The wage-earners have been injured by
gold STANDARD and have expressed them
selves upon the subject with great en-
phasis. In February, 1895, a petition ASK
ing for the. immediate restoration OF tn
free and unlimited coinage of gold and ST
yer at sixteen to one was signed by tn
representatives of all, or nearly all, OF tn
leading labor organizations and presente
while a gold standard raised the purchas
ing power of the dollar, it also makes
more difficult to obtain possession OF tn
dollar; they know that employment is les
permanent, loss of work more probabl
and unemployment less certain.
A gold standard encourages the hoardtn
of money because money Is rising; 1t ais
discourages- enterprise and paralyzes In
dustry. On the other hand. the restoratio