The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-07-10

which wa adopted by the Senatorial cons
spiracy Of Democratic and Republican
| Stlverites and Populists in the recent sesT
SION Of Congress, would merely anticipate
I the effect OF the free coinage of silver.
Il would bring the country. ar q plunge
down 10 the silver standard.
When the Silverite corspirators in the
| Senate passed the Butler bond resolution
| to destroy the power Of the Government
to pay It's debts with the standard money
In which the debts We're contracted II
was clearly revealed that they intended
! to take the resolution TO Chicago and er-
body 1t in the platform OF Populism. Had
the Senate declaration Of Reputation
| passed the House over the veto OF Presi-
| already been plunged into the gulf Of
| bankruptcy and financial dishonor. The
threat of the Senatorial conSpirators,
which was averted in Congress. IS now
| pie by the regulators and Anarchists Of
the Chicago Convention.
Not content with the advocacy OF re-
pudiasion OF the public obligations lne
Chicago platform very distinctly proposes
to repudiate private obligations also IN
the declaration in favor Of such legls-
lation as Will prevent for. the future the
tender money by private contract" The
Federal and State governments are thus
invited to interfere with the relations
just dread Of the consequences OF free
silver coinage, should stipuiate for the
payment Of debts In the money value In
which they were contracted the law IS
The sacred guarantee of the Constitution
that the obligation Of contracts shall
not be impaired is to be thrown down
since the reign Of the Jacobins in
France that an attempt has ever been
made In a civilized government to openly
repudiate the Obligations Of contracts.
In their blind rage against the mated.
creditor class the authors of this dec.
iaration do not perceive the fact that;
every citizen who earns a living by his
tor in the performance of services or in
the delivery and exchange Of COM
modities. This declaration TO .~repudiate
the obligation Of contracts. and to com.
pei the creditor to receive Deprecated
silver for debts payable IN gold. is
lsveled. therefore. against the whole:
body Of citizens. How well have the
architects of the Chicago platform n
ticipated the ruinous consequences of
Free Silver in the feeble endeayer to
provide against them by legislation to
of iegai-tender money by private con-
tract.
But interpreted in It's true spirit and
purpose this platform is in favor OF
money" of the Popuhsts, who are in abb
solute control of the Chicago Convention.
Public and private creditors are to be
paid not only in deprecated silver doll
lars, but IN the paper currency which
the Popufists declare Congress alone
has power TO issue" In order 10 make
way for the volume of FIAT money
the national bank issues are to be pro-
hfbited.
Such is the Democracy Of the Chicago
Convention. The cuckoo Of Populisrn
has stolen into the nest of the Demo-
cratic bird and laid its eggs. There is
nothing wanting, not even Altgeld's am
arcntsm, IN the proceedings of this con-
ventien to disgust and alienats every
true Democrat in the land. 1t matters
nothing now who may attain the mo-
tor.ous distinction of the candidacy Of
this convention for the Presidency. With
every Sound Money Democrat the main
consideration is to defeat the candidate
of the Chicago Convention and to beat
back the waves of reputation and an
archy. When the tariff and all ether ir-
relevant issues shall have been dismissed
from the contest this will moi be a diff
cult task for the American people, an
overwhelming majority of whom will
rally to the defense Of the pubic credit
and the honest standard of money. If
Il shall be deemed inadvfsable or i'm
practicable 10 effectively reorganize the
Democratic party for this campaign
there will remain for every Sound Money
Democrat the opportunity of voting for
the Republican candidate for the Presi-
dency, who stands on a platform which
declares u-nequivocally for the gold
standard of value.