Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1896-10-28

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store business. confidence, revive indus
| try; insure currency about which there
can be no question or cavil, and put an
end forever to the disturbing and per-
nicious vagaries which Democrats and
Populists alike have mistaken for states
manship.
The Republic Will StIll Live
and flourish in more marked degree than
ever before.
This being the mission of the Republi-
can party to put back the Nation on its
old track OF prosperity and make every
man secure In his employment, gains and
holdings, with additional legislation re-
|, quired by new conditions OF growth and
expansion, II 1t be possible, espouse its
doctrines and principles with an in tenser
devotion, and with an increased zeal
shall contribute my humble efforts to
their triumph at all times and under all
circumstances.
The Financial Question.
The Republican party has always been
the persistent and consistent friend OF
honest money, and the whole trend of its
Legislation has been to keep all forms Of
money on parity of value. 1t has ever
regarded the solemn pledge Of the Gov
ernment to make every dollar Of its is
sue good, that is, worth exactly what its
face calls for, ever regarding this solemn
pledge as sacred as soldiers grave
Having saved the country in the time Of
its extremity, when armed assault was
made upon its integrity, it felt the duty
no less imperative to save the credit OF
the Nation. 1t was the inspiration and
aspiration of the Republican party to
create volume of currency that would
meet all the eincreasing needs of the coun-
try's constantly enlarging business, and
at the same time to keep that currency
at par value. In its legislation upon this
subject 1t has maintained the idea that
the unit of value could stand on the two
metals,
The Money Value Of the Silver Dollar,
equal to gold, without the possibility Of
discrimination in favor of or to the pref
udice OF either metal. This honest and
earnest effort in favor of silver was cer-
tainly successful for agood period of our
history, giving perfect satisfaction to all
who understand financial operations,
silver taking its rank along with gold as
q debt paying and purchasing power in
the medium OF exchange.
The history of the country from 1894 to
1879, period of eighty five years, is an
Astounding Revelation
in view of the claim of the Democratic
party that 1t has ever been the special
friend and advocate of silver When In
power 1t did nothing to verify this claim
or to prove the courage of its convictions.
In this period of eighty five years the
coinage OF silver dollars amounted to
little over eight millions. In 1905 Presi-
dent Jefferson, the reputed father OF the
species OF democracy of the present day,
q Ind N NJ xtvra <<Fk .tI. III
lar, and this order was in full force and
effect until 1886, during five pronounced
Democratic administrations From 1886
to 1873 there were coined silver dollars to
the amount OF near seven millions, o pe-
riod OF thirty seven years, in which there
were four Democratic administrations,
covering nearly one half Of this period,
and in all this time there was not word
said in favor Of silver, and not an effort
made to give it 'its rightful place" in
the currency Of the country, and it would
be logical to infer from this silence and
inertia that the Democratic party had
no kind regard then for that kind OF
money that 1t now so much adores.
From 1873 to 1879, whilst the Republi-
can party was In power, the coinage Of
silver amounted to
S1O4.814,O73,
or, to state it another way, the silver
coinage Of these five years under Repub-
lican rule amounted to thirteen times the
coinage Of the silver dollar from 1894, the
time the American mints were opened,
until 1873, q period Of so years. Now, In
addition to this volume, there have been
$52O,0OO,00O of silver coined up to 1896,
which hvve always maintained q parity
of value with gold, Notwithstanding the
declension Of the value Of silver bullion.
The bulk Of this large amount Of silver
lies In the vaults Of the Government,
and its equivalent or representative in
the form Of silver certificates has enter
ed into the circulating medium, its debt
paying and purchasing power being
equivalent to gold or any other form Of
government money. And to test the ac-
curacy Of the statement, present silver
certificate at the treasury or any SUBJ
treasury and the holder will find that
the promise upon the face Of the obliga-
tion has
A Redeemer Face TO Face
with him. Nor is this all. Not only Is
the amount Of silver currency introduc.
ed into the channels of trade and COM
merce by Republican legislation, re-
deemable In that form Of security which
must satisfy the Shylock and miser, but
Is such an assurance and guarantee OF
final redemption, that every man, w heth-
er he Is o city banker or q mercantile
dealer, accepts its proffer without chal-
lenge. Every intelligent citizen Of the
United States would Just as soon doubt
the value Of his Government obligation
In whatever form 1t may be expressed,
as to doubt his own existence, and this
confidence being so firmly established
In the minds Of the people that
Silver Is Nowhere Barred and Excluded.
The reason for this is easily understood.
There is no greater amountin circulation
than can be carried along with gold and
for this fact alone the battle of the stan
dards for the large part is purely imagi-
nary, and has produced no mischief or
disturbance, and the Republican party
is now and always has been in favor OF
the largest use OF silver consistent with
providence and safety. We have more
silver than gold and on account of the
greater supply the tendency has been to
make the scarcer metal the standard of
value. Such is the history of oil the
leading nations of the world. 1t Is q fact
for which the United States, being the
largest silver producing country In the
world and making use of more silver
money per capita, is not responsible that
her commercial neighbors have adopted
gold standard and have seen fit, wisely
or unwisely, to look with disfavor upon
silver as a unit Of value. Whether this
condition has been brought about by
fair and legitimate means or through
the artful contrivances Of the esyndicates
OF the foreign money power Is not for
discussion at this jnncture, but the Uni
ted States Is compelled to recognize the
fact and govern herself by 1t or to be Sc
riously hampered and perplexed in her
commercial relations with these powers.
She can regulate her own currency and
has the resources to make 1t good, but
she has no power to compel any other
country
To Accept Her Standards.
1t takes two to make contract, and
whilst our Government has right to
prescribe the kind of money she will
take In payment for what she sells
abroad, she has no right to decide what