The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1896-09-09
Terse Truths from the Candi-
date's Great Letter of
Acceptance.
EFFECT OF CHEAP MONEY,
The Debasement of the Currency
Means Destruction Of Values,
THINGS IT WOULD NOT DO,

n Demand for an Additional Days La
bor-It would Not Make Farming More
Profitable.
Theletter of acceptance ponned by Major
Mckinley is full of tcrso sentences. Mug
gets of Thought are sometimes overlooked
In the perusal Of so long document We
lift out u few of those nuggets and give
them separately;
Debasement of the currency means
destruction Of values.
The owner of the silver bullion would
get tho silver dollar. 1t would belong to
him and nobody else.
tits mere protense to attribute tho
hard times to the fact that all our currency
Is on gold basis. Good money never
made times hard
1t would derange all existing values. 1t
would restore business confidence, but Its
direct ofTeot would be to destroy the little
which yet remains.
The government would got nothing from
the transaction. 1t would bear the ex-
pense of coming the silver, and the COM
munity would suffer loss by it's use.
If there is any one thing which should
be free from speculation and fluctuation
It is the money of country 1t ought
never to be the subject of mere partisan
| contention.
When we part with our labor, our pro-
ducts, or our property we should receive
in return money which is as staple and
unchanging in value as the ingenuity OF
honest men can make 1t.
Until international agreement is had 1t
is the plain duty of the United States to
maintain the gold standard 1t Is the
recognized and sole standard of the great
commercial nations of the world
Let us hold fast to that which we know
is good. 1t Is not more money we want
what we want is to put the money wo al
ready have at work When money is en-
ployed men are employed.
1t would not make labor easier, the
hours of labor shorter or the pay better
1t would not make farming less laborioui
OF more profitable. 1t would not start a
factory or make demand for an add
} tional days labor.
No one suffers SO much from cheaI
money as tho farmers and laborers. The!
t are tho first to feel its bad effects, and th
1 last to recover from them. This has beer
4 the uniform experience of all countries
Q and here as elsewhere.
We cannot restore the public confdenc
It by an act which would revolutioniz
g all values, or an act which entails dc
If flciency in tho public revenues. We can
Il not inspire confidence by advocating re
It pudiation or practicing dishonesty.
d There would be no obligation restin
upon the government to maintain parity
and If there were, it would be powerless
do it. The simple truth is we would
driven to silver basis-to silver mont
}. metallism. These dollars, therefore, woul
=, y stand upon their real value.
If Free silver would not mean that silv'
dollars were to be freely had without Co
is or labor. 1t would mean the free III
II of the mints Of the United States for ii
\ few who are owners of silver bullion, bI
le would make silver coin no freer to Il
many who are engaged in other ente
prises.
q Mexico and China have tried the expel
:, ment Mexico has free coinage of silv
to and gold at ratio slightly in excess
u, sixteen and a half ounces of silver to ol
III ounce of gold and while her mints a
d, freely open to both metals at that rat
H. not single dollar in gold bullion
coined and circulated as money.
1t is not an increase In the volume
= money which is the need of the time, b
,c- an increase in the volume of BUSINESS I
iy an Increase of coin, but an increase Of &C
Noeo fldence; not more coinage, but a me
its active use Of the money coined; not op
as, mints for the unlimited coinage of
nat silver of the world, but open mills for
nd full and unrestricted labor of AmeriC
IL workingmHn.
M Free silver means the debasement of {
We currency 90 the amount of the differel
m IN between the commercial and coin value
no, the silver dollar, which is ever changil
ey, and the effect would be to reduce prope
"a values, entail untold financial loss,
M stroy confidence, impair the obligations
~ existing contracts, further impoverish
nts laborers and producers of the count
create panic of unparalleled seYeri
and inllict upon trade and commerC
ds, q deadly blow.
US The poor and not the rich are always
" greatest sufferers from every attemp
debase our money. 1t would fall v
un alarming severity upon investments
pen ready made, upon insurance compal
ny ny and their policy holders upon saw
banks and their depositors upon bu
ing and loan association membersi u
sick the savings of thrift, and upon the W
and earners and the purchasing power of &
tuS wages
,ath Every attempt to array class aga
class, "the classes against the mass
section against section, labor against
you ital, "the poor against the rich," OF In
light est,against interest in the United St'
iot os 3 is IN tho highest degree reprehensible
ian Is opposed TO the national Instinct and
Ithy forest and should be resisted by o
citizen. We are not u nation Of clt
but of sturdy, free, independent and
/ at orable people, despising the demag
rers and never oapitulating to dishonor.
of fa