Pine Bluff daily graphic., 1896-08-28


 country in lLe world except India or Chlha- s3i0 ,U00,Geo more than Great Brit alHt otot,Wsf,tNu more than France: $40G- VSpo,Wn more than Germany: s325, 000. GOO China The Repa5lican party has declared in idVof ot an international agreement and Il elected plesideAt, it will he my duty to eehipios e RI proper means to promote it. J hs lIse c0lnage of silver ia this country would deter 1T not defeat, international pihetallisil. and until an international agiesTiehs can 5e had, every interest re qulres us 10 maintain our present stan- dard. Independent free coinage of silver al raflo or lb ounces of silver to ounce ol gold would insure the speedy contrac- tlon oI the volume Of our currency It would GrlNe aJ least 590 000. .00J of gold dol lars Which We now have, permanently from the tfaae of tine country, and greatly decrease our pefeapita circulation
 IL Is not proposed by the Republican party to take from he circulating medium af the country any of the silver we now have. Oli the contrary it is proposed to keep all of the silver monoy now in circu- iallou on parity with gold by maintain ing tile piedge of the government that all ol 1t shal be equal to gold i his has been the Inbroken policy of the Republican party since 1878. It has inaugarated no new policy. 1t will keep in circulation and as Sooo sts 2oid itll ol the silver and paper money which are now included in the cur rency of the country. It would maintain their parity. It will preserve their equality Ill tine future as 1t has always done ill the past 1t will not consent to put this coun- try on q silver basis. which would ineyita- bly follow Independent free coinage at z ratio of l6 to l. It would oppose the expuI. sIen of gold from our circulation.
 Farmers and Laborers Suffer Most.
 If there is any one thing which should be free ffoIi speculation and fluetuation it Is the mopey Of Il country. 1t ought never to be the subject of mere partisan conten- tlon. " hen we part with our labor, our products or our property We should re- eeive i'll return money which is as stable and unchanging ill value as the ingenuity Of honest men can make ii. The debase- ment of the currency means destruction Of values No one suffers so much from cheap money as the farmers and laborers They are the first to feel it's bad effects and the last to recover from them. This has been the uniform experience of all coun- tries. and here, as elsewhere. the poor and not the rich are always the greatest suffer CTS from every attempt te debase our money. 1t would fall with alarming se- yerlty npon investments already made; upon insurance companies and the policy holders; upon savings banks and their de- posit0rs: upon building and loan asaoeia tions and their members; upon the savings of thrift; upon pensioners and their fam flies and upon Wageeafners and the pur- chasing power Of their wages.
 Unlimited Irredeenable Paper Money.
 The silver question is not the only issue affecting our money i'll the pending contest. Not content with urging the free coinage Of silver, it's strongest champions demand that our paper money shall be issued di- reetly by the government of the United States. This is the Chicago Democratic declaration. The Peoples party declara- uion is, That onr national money shall be issued by the general government only without the intervention Of banks of issue be full legal tender for the payment of all debts. public and private, and be distrib- uted direct to the people and through lawful disbursements efthe government. Thus i'll addition to the free coinage of the worlds silver. we are asked to enter upon an era of unlimited irredeemable paper currency. The ques- tion which was fought out from 1865 to 1879 is thus to be re-opened with all it's un- rertainities and cheap money experiment of every conceivable form foisted upon us. This indicates a most startling reactlonary policy, strangely at variance with every reuuirement of sound finance: but the declaration shows the spirit and purpose of those who by combined action are con- tending for the control of the government. Not satisfied with the debaSement of our coin which would inevitably follow the free coinage of silver at 1t to |, they would still further degrade our currency and threaten the public honor by the unlimited issue of an irredeemable paper currency. A grayer menace to our financial standing and credit coald hardly be conceived and every patriotic citizen should be aroused to promptly meet and effectually defeat it. In the Highest Degree ReprehsnsibIe.
 It is cause for painful regret and solici- tltde that an effort is being made high in the counsels of the allied parties to divide the people of this country into classes and create distinctions among us which, i'll fact, do not exist and are repugnant to our form of government. These appeals to passion and prejudice are beneath the spirit and intelligence of free people, and should be met with stern rebnke by those who are sought to influence, and believe they will be. Every attempt to array class against class. the classes against the massesn section against section, labor against capital, the poor against the rich or interest against interest in the United States is in the highest degree reprehensi- ble It is opposed 10 the national interest and instinct and should be opposed by ey= cry citizen
 We are not nation of classes but of sturdy, free, independent and honorable people, deSplslnS tite dei1ldezoglie alis never capitulating to dishonor This ever recur- ring effort endangers popular government and is menace te our liberty. It is not a new campaign device or party appeal, It is old as government among men, but was never more antimely and unfortunate than now. Washington warned us against it and Webster said in the senate in words which 1 feel are singularly appropriate at this time: II admonish the people against the object of outcries like these admon- ish every industrous laborer of this conn try to be on his guard against such de- lusions. 1 tell him the attempt is to play off lns passion against his interest and to prevail on him in the name of liberty de- stroy all the fruit of liberty.
 Protection of Supreme Importance.
 Another issue of suprerle importanceis is that of prorection. The peril of free silver is a menace to be feared, we are already experiencing the effect of partial free trade The one must be averted, the other cor rected. The Republican party is welded to the doctrine of protection and 1t was never more earnest in it's support and ad- voeacy than now. lfargument was needed
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