The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-08-06
Salvation by Silver

Salvation by Silver
Editor Herald The question at issue
between the candidates for the office of
president of the United States is so
simple that it requires a very small
space in which to illustrate it.
First, let us take Mr.. Mckinley, the
nominee of the Republican party. 1t is
amusing to a man who looks beneath
the surface to notice the avidity with
which all the papers pronounce Mr. Nc
kinley an exponent of the honest money
question. For the present we will leave
the question as to what honest money"
is. entirely out of debate. Look back
over Mr.. Mckinley's record. Can we
see anything on which to base this other
than the assumption of pot-house poll
ticians? Mr.. McKinley's career has not
been such as to entirely fit him for the
presidency of the United States. He has
been a conspicuous failure in business
and only through the assistance of his
friends has he been kept from utter pow
erty. His opinion of the financial ques.
ton and what constitutes the proper
money for the use and benefit of the
people of the United States is conspicu
ously absent from all his speeches
neither can we find anything recorded
thereof in any of the so-called "priyate
interviews" which have been had with
him. He has heretofore. until the money
question became so prominent. been
CONSIDERED tariff man only. and the
.nSNihiey Dill was the feature of his
pohtlcal career which was presented to
an admUing Cor otherwise) public IN
De commented upon in accordance with
their different views
me financial question, so greatly de-
fuddled and befogged by the little cross
roau papers. and to some extent by pa
pers or larger places which should
know better. of which the Los Angeles
times IS grand example, is one which
IS so simple that it should be understood
Dy every one, bur the great trouble is
mat tney do not care to- explain il so
mat the laboring man. whom they are
now an patting on the back, should com
pTehend It's significance 1t is simply
tnls' that the rules which may be ap-
plled 10 the individual apply equally
wen 10 the community, and from the
community we can enlarge the horo-
scope and see that it applies to the state
as well. The individual whose expendi-
tufe exceeds his income quickly finds
himself in trouble. The community that
ISSUES & large amount Of bonds over it's
,aplllty 10 meet them. surely finds itself
IN dilf1culties, and in the same vay anv
country which impoverisies itself sur
1ers the same as an individual does un-
der like circumstances The great dit
nculty Is to simplify it so that the same
rules are seen TO apply to the individ-
ual as to the state
Ihe fact is that the United States ia
oeptor nation. and debtor nation to
an enormous extent. The most con
serVatiVe estimates of even our bankers,
1ay IL
pean powers whose sole aim is to eytort
the last dollar from the la boring classes.
ieaving them Just sufficient to keen
them alive in order that they NAV have
the opportunity to extort another dollar
at later period. show that we owe to-
England alone upwards of five hundred
millions of dollars for bonds. that orr
railroad debts exceed sixty-fve hun
dred millions, the greatest portion OF
Whlch.that is, all that is worth anything.
and it is all rapidly becoming worth
less) is European.
Now. If it be possible by rehabilita-
tlon or silver to make this counsy any
worse than it now is, it would be worth
Whlie 10 try the experiment. The silver
product of the world, as has been
shown in numberless instances
is just in the ratio of Is 20
10 as compared with gold and
the silver product of the world. of which
ra,,ii, a. ' n!iucii alu see SO little, is
Iitb ti,o plhs up lts proportion
duot;c,, y ou ,9 'loH ol soid Inc pro
80 soiu uur!ns the past few
frnt,, ~ - liis more attention
before, ana Eng.and has lost no oppor-
el..ry VI atqtlliLH territory or simply
,o -, 80 ". 1Hcn oiG not pelons %
;,,s, Ia .i ~ "as chahce OF md
haro6t re -, ., n'iis II Ioi Icr own
0tateS We're coined, and we are told by