The herald., 1896-10-11

his letter aforesaid he says, 1.-THE credi-
| tor nations of Europe bought from us
| the greater part of more than $4,000, 900,
600, par value, of our securities, with
money or currency which they now ut
[ terly refuse to accept in payment OF
either the interest or the principal OF
debt.
Such refusal by foreign creditors
would be defensible and proper If our
currency with which we had right to
Spay our debts had become deprecated
| or undervalued by an act of the debtors.
But so far from that being so, the fact
is exactly the reverse; the creditor has
appreciated and over-valued the only
coin he will ESQ he says) accept in pay
ment and demand of the farmers and
others who produce the wealth Of our
country two bushels instead Of one, two
pounds instead of one that was their
due, and take three acres in foreclosure
instead of one they might in justice ap-
propriate for the debt.
In other words they demand a dollar
that has only half the debt-paying and
double the purchasing power of the dol
lar they loaned us, and which in Justice
they are bound to accept in payment of
what we owe them.
THE policy has been promoted in the
name of an honest dollar the descrip-
tive term honest being used for what
mas proved to be the dishonest purpose
until the people. debt ridden, tax-rid-
den, monopoly-ridden and mortgaged to
the lip, are In state of rebellion"
Was ever honest dollar made to per-
form mission so dishonest?"
That 1t has done so is certain; that
1t has taken from the farmer and con-
f1scated half the product Of his fields is
sure. And now as measure of relief, he
| Is urged to tax himself stil1 further as a
means to increase his assets
He criticised very strongly the article
In the Democratic platform criticising
the supreme court, but in his self-same
letter he says: "The judiciary, indeed, is
left, but unhappily there Is too much
reason to fear that the confidence of the
people In that last stronghold Of freedom
for the defense of their rights Is being
affected by the general Decentralization,
and may be slowly undermined. This
Is less If any degree, the fault Of the
judges than of the general demoraliza-
ton that the influence and corrupt use
of wealth in other departments has in
duced."
In an interview with the Philadelphia
Times after the election Of 1892 he said:
being robbed Tor the benefit Of those who
are protected by. the tariff schedule.
They wanted conditions equalized, and
they said SO with an emphasis and q
unaninity that fairly took away the
breath of the Chinese wall policy and
almost swept the Republican party of
its feet. They have put their feet down
Enthusiastically on McKinleyism."
He now urges us to re-enact the self
same law which he then condemned as
being robbery and favoring the few at
the expense Of the many. In conclusion
1 would ask If the people are to believe
what Mr. Butterworth said last April or
what he says now? Both Of his posi-
tions cannot be correct and man can
not change his opinion SO radically, hon
estly in SO short time, and for one
would sooner believe what he said then
when he had no irons in the fire than
what he says now. don't believe in
sticking to q party for the party's sake
alone, but when that party declares
against what it has always advocated
before, 1t Is the duty of every true pa
triot to place principle first and party
afterwards" and I feel sure that the
majority Of the American people will
do SO and that Bryan, the truer Repub-
lican candidate of today, will get the
votes of the honest Americans on No
vember Sd regardless of party.
VIM. H. B. HAYWARD.
Los Angeles. Oct. 8.