The record-union., 1896-08-30
VOICE OF THE PRESS.
Expressions Of Coast Newspapers in
Brief,
On ALI Shades of Political Belief and
Upon Leading Topics of
the Day

/ Cuc lay.
Bitter complaint is made against the
persons who introduced Mexican dollars
into Chicago. These coins are said to
have been the agency of much fraud
and mischief. They are passed upon
| children and drunken men for full
value dollars, and used to cheat the un-
wary in many ways. 1t is said, there
fore, that the labor organizations and
reform clubs" propose first to boycott
the corporations that introduced Mexi-
can dollars and then to procure their
| indictment for circulating substitute
| money. But what about Mr.. Bryan
and his fellows, who desire to introduce
| dollars OF slightly less value into the
| United States, with which every man
who works for wages. has a savings
bank deposit or a life insurance policy,
will be defrauded? Why don't the la
| Dor organizations and reform clubs
boycott them? The Importation of
these dollars is called a boomerang
for the importers, but really they seem
tc have done all that was expected of
them. They have given the most effect
i've illustration possible of the effect of
a change of our currency to the silver
basis. Probably the effectiveness of the
illustration is the secret of the animos-
ity of the reform clubs"
WHAT IT IS.
Tulare Register: An ideally perfect
protective tariff, and the Mckinley tar
if is the only one this country ever had
which approached a logical embodi-
ment of the protective principle would
place a sufficient duty on all articles
such as can be produced to advantage
Ill the couhsry imposing the tariff to
adequately protect the production of
such commodities from hurtful compe-
| tition from without, but the revenue
which such a tariff might afford be il
much or little, would have to be ac-
cepted There would be no way of in
| creasing such revenue without iniuring
| home industries and no way of decreas-
ing it without prohibiting importations.
a thing that the protective principle
does not contemplate But it is in the
| contemplation of a protective tariff to
admit duty free all those commodities
which cannot be produced in the coun-
try imposing such tariff to reasonable
| advantage.
THE COIN VALUE.
Stockton Mail: In reply to MANY in
quiries, we state that the value of
coin is based upon the Government
stamps, Government power and nation
al honor and not upon the commercial
or so-called intrinsic" value Of the
metal of which it is composed, says the
Silver Knight" The best judges say
that the nf f~,f
to make a silver dollar is far greater
than the cost of mining sufficient gold
to make a gold dollar, yet the com
mercial value Of gold is upheld because
it has free accesseto the Mints Restore
that privilege to silver, and 37114 grains
of the white metal will fetch a dollar
anywhere in the world, and with the
rise in the value of silver the price of
all other products except gold will in
crease. The price of gold will fall
that is its purchasing power will de-
crease, and the purchasing power of
silver will appreciate. This process will
continue until the value of the two
metals will have reached a common
point
THE COWARDLY GOLD.
Stockton independent: Gold is a good
servant but a tyrannical master. AS
long as it is well treated it is an obedient
servant, but at the first threat it ceases
to serve and hides. In hiding il be-
comes master to those who are Obliged
to have it, and, tyrant like, it exacts
heavy tribute. The Democratic pro-
gramme is for war on gold, and gold
will resort to its only mode of warfare
going into hiding, and by so doing
starVe the enemy out. 1t is proposed by
many DemocSats and POpulists that the
Government bonds be paid in silver
The minute the Government refuses to
pay gold everybody else in the United
states will do likewise; gold will be
held al q premium, which will rise ram
idly until it will be at about 100 per
cent. for silver, which is about its com
mercial ratio to the silver dollar.and the
silver basis will be accomplished. VIII
wages rise as quickly? That is the
| question the working people must ask
themselves. Until the premium on gold
becomes settled so that it will vary but
little from day to day, no person will
care TO undertake any new enterprise or
TO prosecute the old with any vieor
| Meantime the Workingmen must con-
| tinue to wait for employment and GET
little or no wages. Prices will not await
the settling Of the premium, however.
The grocer, knowing that he cannot re-
place the sugar he has been selling at x
OF cents a pound for the same nrice
in silver will put the price high enough
TO enable him to replenish his stock and
have little profit beside. SO it will be
with every other commodity That was
the way it worked during the greenback
imitation, but the price of labor did not
rise as rapidly.
SHERMAN
Oroville Mercury: While Sherman. the
demonetizer of silver, was acquiring
reputation for craftsmanship. and was
known as Honest John Sherman" he
wrote the following on July Is. 1873. in
letter from the Treasury Department
at Washington to w S. Groesbeck of
Cincinnati: Arguments showing the
dangerous effect upon industry by drop
ping one of the precious metals from the
standard of value, outweigh in my mind
all theoretical objections to the bimetal-
lie system
WHY NOT BOTH?
Fresno Expositor: The Republican na-
pers of California say they are for hi
metallism as much as anybody, but they
must have the consent of foreign ma
tions first. They also favor a high tar
iff. Are they willing to submit that
question to the approval of foreign ma
tions? If one, why not the other?
MIDDLE -THE-ROAD.
Merced Sun: Merced County is the