The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-04-22
THE NUMBER of thisw -
issue Of tic paper is:.... 1UV
If the number opposite qour name on the
Colored Label Is less f'td1e THIS eenn,bei'
it shoes that your su,<tr5btion IS IN ar
teors and should be paid atp ut once.
WELL ANSWERED.

SHERMAN FAvoRs GOLD STAND
ARD.
Moorhead Daily News:
Senator John Sherman has at last
self as follows:
No one can misunderstood my position
on the money question. l favor the gold
standard, now adopted by the leading ma
tions of Europe, and the use of a limited
amount of silver coins maintained as now
at par with gold. This policy secures to
laborers and all producers of money of
the highest purchasing power for their
labor and productions.
The free coinage of silver will reduce
the purchasing power OF money One-half,
and demonetize gold. Labor and produc-
tions will not be advanced in price in pro-
portion to reduction in the value of mon
ey and the only result will he that cred
itors will be cheated out of one-half of the
debt due them. This question may di-
vide the two great parties and form them
on sectional lines, but l am confident the
result will be that the people Of the Unit
ed States will decide in favor of the high
est purchasing power
John Sherman is no longer patriot
or truth teller. When he says the gold
standard secures to laborers and all pro-
ducers of money of the highest purchas-
ing power for their labor and productions
he tells half truth and deals in cant,
which Carlyle says is the double distilled
power of a lie. Producers have more to
sell than TO buy and a rule are in debt
and heavy tax payers. The high purchas-
| ing power of money operates to reduce
| the price of the products below the point
! of profit, while their debts and taxes re-
main the same, as does interest. What
good to laborers is the high purchasing
power of money if they can get no chance
to labor so as to earn that kind of money
The free coinage of silver would un-
doubtedly reduce the purchasing power
| of money to some extent, but the cOmpen-
sating benefits would be much larger
than the loss sustained, and unless some
| thing is done to decrease the purchasing
power of money the homes and farms OF
the people will be transferred to the mort.
gagee. Gold cannot be demonetized ex-
cept by direct legislation 60 providing
and free silver men do not ask for it
John Sherman is rich and powerful, penu.
riOus ard hard fisted. In his old age anG
afHuence one might suppose he would be
benevolent and kind and willing to sea
the people enjoy prosperity, but it is one
of the peculiarities OF wealth that it be-
gets avarice, selfishness and injustice.
The Massachusetts, state Republican
convention declares against silver and tt
any existing change in the gold standard
except by international agreement, ant
declares that every obligation redeem
able in coin must be paid in gold" The
Eastern money lenders, bond, stock ant
! mortgage owners and dealers, who have
grown rich and fat off the labor and pro
ductions of the West, are not willing tt
diminish their demands one iota; they ar,
veritable Shylocks and insist upon theil
4 pound Of flesh. In their selflshness ant
I greed, their hardheartedness, cold ant
soriid natures, they are blinded to th'
possible effects Of such a course. They
fail to sec that desperation caused by pov
4 erty and distress of the debtors. which
comprises four-fifths of the people, ma.
/ bring on conflict that will result in th'
utter repudiation and destruction of thei
claims.