Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-08-29
The Republican Party stands
for honest money and the chance
to earn it by honest toll.
WILLIAM MCKINLEY.
A POLITICAL PAPER,
And Good One, Written by DIR. NJ. ".
Hardy of Marietta.
(Installment No. 81

Anu Goou One, Written Dy Dr. M S'
Hardy of Marietta.
Installment No. 81
Uncle Samuel cannot legislate for the
world anymore than England can legis-
late for us.
The worlds greatest powers, and
our nation is part only of that same
thing, measure our exchanges from a
25 $40 grs. standard. Our eagle (gold)
is stamped ten dollars, but that stamp
does not make it's value. 1t only indi-
Gates that it contains ten times 25 $40
grs. of standard gold and if it has not
lost anything from being handled or
mutilated to cause loss in weight it
passes readily for ten dollars, because
when put TO the test the weight is
found to be correct. So it is with our
double eagle, which passes readily for
twenty dollars, simply because it
weighs twenty times 20 $40 grs. of
standard gold. The stamp does not
create the value. 1t only indicates it.
So it would be with silver, if it were
governed by the same international
laws that govern gold
If all the great powers of the world
would agree that sixteen ounces of sill
yer should always be equal to one
ounce of gold in purchasing power,
then all nations might coin it at that
ratio and make no mistake, but we
must go slow until that time comes.
We will say nothing about the dis
astrous consequences to the business
interests of our people, which would
result from the free and unlimited coin.
age of silver by our nation alone at the
ratio of 16 to 1 while the commercial
ratio is so much below that OF gold, for
everybody would find it out sooner
than he would wish.
AS soon as he found that the purchas-
ing power of that same silver dollar
was squarely cut in half, then he would
know that the little savings which he
had deposited in bank was also cut in
half. So it would be with any balan-
ces due him, he would be compelled to
receive fifty cent dollars for the one
hundred cent dollars justly due him.
If perchance he was vastly in debt
and had placed mortgage on his home
to secure payment, he would find it
slow work to pay it, even if he could
do SO in the deprecated silver dollar,
because the holder of the mortgage. il
he had good sense, would quickly fore
close that mortgage. or compel him to
renew it payable in gold.
AS / said before, we will say nothing
about the disastrous consequences to
our people that would result from our
Uncle Samuel being compelled to open
his mints to the free and unlimited
coinage OF 1e to l, but know the old
gentleman we'll enough to be assured
of the fact, that each time he called to.
gether the old veterans of the war,
those SCARED and manned living pat.
riots who offered their lives that he
might live and that we could enjoy the
blessings which we have today, know
that he would blush when paying them
their little pittances promised in FIFTY
CENT DOLLARS.
Yes, his honor would make him blush,
but, if he was compelled to do it, i.
would te no fault of his. however, he
would have the sympathy of every pat,
riot in our nation, as would the veteran
of the war. Republicans honor those
old veterans and SO do many sound