The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1896-08-27

6IAhh COO IN
wnen gold was dear u was traded for silver
and the silver coined; when silver was dear IL
was traded for gold add the gold coined
Thus IL was that dollar was always worth
the material in H. SO IL IL today, and ever
win bs, and will always be liable to change ne
the supply snd demand for the material
changes.
Il will be readily observed that Mr..
Ryan gets down to the constitutional
root of the whole matter as far as it re-
lates to the coinage Of money and the
regulation of its value, which is the in
herent right of all governments, and is
specifically set mp in the constitution
itself.
The constitution specifically limits
the coinage Of legal tender metallic
money to two metals gold and silver. f"
Not gold or silver, but gold and silver,
and acting under the sanction. Of that
provision of the constitution the earlier
congresses proceeded TO fix'a measure
ment, as Mr.. Ryan explains, and then
evolved the dollar and gave il O stand
ing in our commercial exchanges and in
the payment of all debts and balances
in the daily transactions of life and
business.
The lawmaking power was not con.
tent with saying that 871A grains OF
fine silver may" be dollar, but de-
clared that it "shall' be dollar, and
that it shall be legal tender for all
debts public and private
And such it remained, helping to de-
xualc,A Nbto 1000 IN
1873, when the gold conspiracy succeed
ed in assassinating il in the American
congress, thereby multiplying all forms
of Indebtedness by two and dividing by
two the opportunities of the masses TO
earn dollar.
The great movement which is nc w
sweeping the country is not for the pur.
pose of coming 90 cent dollars, but for
the purpose of fully restoring silver to
its rightful place as an agent of com.
mercial prosperity and civilization.
For 23 years we have had period OF
grinding gloom, bankruptcy and hard
times under the partially established
gold standard which Governor McKin-
ley and his managers say shall be abso-
lutely established as our future financial
policy.
During all Of these years we have
never had even a ray Of the sunshine Of
prosperity except when there was a par
tial restoration of silver under the
Bland act. with spasm of better times
under the Sherman purchasing act,
which, as subsequently discovered, re-
duced silver to mere commodity and
broke both of its legs so as to cast re-
Elections upon it.
With the full restoration and full re-
habilitation of silver will come the re-
turn wave of national prosperity, since
it will double the volume of primary
money-money that will redeem, but
needs no redemption-making that vol
ume so large that it can not be cornered
and withheld from free and healthful
circulation among the people.
Another equally bald fake may be
seen in the gold standard papers where
in they assert that it would bankrupt
the government to purchase and coin
the silver that would be offered to it.
Under a restoration of the coinage
laws repealed in 1878, and under the de-
mands of the Chicago platform, the gov
ernment would never be called upon to
purchase an ounce of gold or silver to
coin.
The government coins gold bullion
now, but it does not buy an ounce of it,
and the gold standard advocates know
it. The mints are open to the owners
Of gold bnllion, who take it there, and
when it is coined it is turned lack to
them and they do with it what they
please, for it belongs to them and not to
the government.
Open the mints to silver and it will be
coined on precisely the same terms, and
the coin will be turned back to the
owners of the bullion to do with 1t
what they please.
Will they dig holes in the ground and
bury it again! Hardly. They will seek
investments for it, and when such a
large volume Of real money seeks for in
vestment it will find it in field and farm
and factory and workshop, and that
means that it will go into circulation to
pay for wages and material and clothes
and food products, and the present
grinding hard times will speedily DIS
appear.
And all this money, gold and silver
alike, will be legal tender for all debts,
public and private alike, with no unjust
or un-American discrimination against
either coin, and when that is done the
reign of the gold speculator will be
ended, no more government bonds will
have to be sold to help the spectators
in their unholy schemes of robbery,
snd the farmer and the wage Garner
will have some sort of show.
The worst fake of all was recently
sprung by Colonel J. @. Entrekin OF
Chillicothe, who said that if Bryan is
elected and 53-cent dollars are declared
for, that all the banks will go into
liquidation inside of 80 days and will
not be able to pay 10 cents on the dollar.
Whether Colonel Entrekin spoke for
the banks or not, they had better choke
him off right speedily, for if 1t is true
that the banks can not pay 30 cents ON
the dollar after the American people So
lect the man of their choice for presi-
dent, they can not pay over half that
amount now, and the people will 80 be-
lieve and govern themselves according
ly, if we have any more of this trash.
And the banks know what that
means.
The banks-the sound banks-will
pay 100 cents on the dollar after Mr..
Bryan is elected, and it is not only an
insult to American intelligence for Colo
mel Entrekin to let loose this fake, but
1t is a menace to the moneyed interests
Of the country.
The bank should stamp IL out at once.