Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1896-10-29

money consisted of worn foreign
coins, the deficiency of currency be-
ing made up of bank notes on
standard not clearly defined and
consequently most unsatisfactory.
The act of 1884 established the gold
standard, and really resulted in a
gold currency, upon which was based
Il bank-nOte currency. Under this
law what silver was coined went out
of circulation, until in 1853 the sub
sidiary silver coins for change were
reduced In weight to be really token
money, and then they stayed in cir
culation until driven out by the war
time shin-plasters.
No, this coinage of both gold
and silver nearly every year be-
tween 1892 and 1878 did not result
in bimetallic currency. According
to your statement gold and silver
were coined every year between
1862 and 1873. All who are old
enough remember that there was
neither gold nor silver in circula-
ton between those years. So, your
sort Of bimetallism is barren of
practical results, and we can't see
any rational ground for this nation
re-enacting it, when to do so is not
to cause real bimetallism, but to
result in silver monometallism, with
a dollar worth only about half what
it is now, with the loss to every
creditor unprotected by gold con-
tracts) of 80 per cent. of what is
owed him, with about a so per
cent. reduction in the value of the
wages of laborers, and an immedi-
ate contraction of the purchasing
power of the currency 80 per cent,
which, with the retirement from
circulation of gold, will reduce the
value of the per capita about sc
per cent.
| We have not changed our De.
mocracy. A majority of the dele.
gates at Chicago "revolutionized
the Democratic party" as some Of
the leaders proclaimed. They had
no commission to do so. We re
main loyal to the time-honored
principles of Democracy. We alb
solutely refuse to change at thu
dictation Of any majority whatso-
ever. The Chicago majority lef
US. You go with them. We ar,
sorry to see you go. We remain
steadfast in devotion to equality
I for ALL" both rich and poor, credi
tors and debtors, brain laborert
. and manual laborers, "with exclu
sive privileges" that would result
from changing the standard o
monetary value about so per cent
in favor of debtors, "tO nOne." w,
, are faithful to the rights of tn,
States and equally so to the rights
of the nation; we favor the execu.
ton of the Federal laws to pu
down riots that are in violation o
those laws and which riots nigh
/ easily develop into insurrectIon!
and ultimately into rebellions j
: not promptly controlled by tn,
r strong arm of the law. We ar
| opposed to Capitalization and con
sequently opposed to that section
of the Chicago platform declarin.
, for a stricter Federal control of tn
: railroads, which declaration is Pop
ulistic and long step towards tn,
p, complete Capitalization of social
ism.
r You say you favor gold and sll
yer money without discrimination
! against either. We can't reconcil
! that with I6 to l free coinag
declaration. Gold is now coined
and has been since 1894, at it
commercial value. Silver at it
| commercial value would have to b
coined at about 80 to l. That i
:, discriminating against gold in ia
! vor of silver.
The National Democracy at In
0 dianapolis provided way for yor
e Chicago people to come back t
\ Democracy. You will go and hav
5 your frolic out. We will wait TO
|, you and welcome you back whel
n you are willing to stand on tn
platform provided, which is of tn
5 purest Democracy from beginnin
Y to end and is true to the history
n traditions and spirit of the Demo
y cratic party from it's foundation
!. while that Chicago platform is
g thing Of shreds and patches and i
g its most important specific decls
: rations anything else but Demo
y cratic, and we'll we know it. Yo
' mutinous Chicago people capture
: the proud bird of Democracy an
n took him with you. He belongs b.
: rights to the National Democracy
d whose record and title runs wit
Y the Indianapolis convention an
n platform. We hope he will neve
crow for anything but the trump
v of the principles and policies de
r clared by the indianapolis plat
' form.
In conclusion we will say tina
d We heartily reciprocate your ex
t preston of personal friendship an
trust that neither will ever do any
-, thing to sever the tie of persona
n regard that has bound us for many
: many years.