The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-19
DALY'S SILVER talk.
Extensive Misquotations Of
Noted Statesmen : No
Arguments.
Special t,the Jec.sey citp Nears.

Special the JeTscy CitB Nears-
BRIDGETON, Aug. IS. 1896 Senator
w. y. DAILY opened the campaign for sll-
yer ct this place last evening. There was
a fair-sized audience. who gave the speak
er ard his remarks a more or less en-
thusiastic reception. Senator DAILY spoke
as follows
in this Presidential campaign of 1896
the Democratic party presents a decisive
issue. Standing upon a biinetallic plat
form, demanding the free coinage of sill
yer and gold, the party leaders are fight
ing for a measure for the relief of the
masses. The Republican Platform declares
for the maintenance of the present finan-
cial policy with all the consequent evils.
mo party has ever, IN its platform, de-
clared against the principle of binetal-
lism. 1t cannot be truthfuily claimed that
the traditions of the Democratic party
have been violated by the Chicago dec
laration. The party has subscribed at all
times to the equal utility and necessity
of the two metals as money. The asser-
tions of the bolting Democrats that the
party has slipped away from single
gold standard are without foundations.
Absolute unfairnesS has characterized the
utterances of the opposition press by per-
yerting the issue, but l believe that the
boiling sentiment, fostered in part by
this means, will be dissipated by a clear
presentation of the free-coinage question.
Argument Will win more votes than tons
of ridicule and misrepresentation. The
Democratic platform presents popular
issue for the relief of the people, and
there will be no halt until its purpose Is
accomplished.
AS early as 1856 the Loco-focu platform
declared gold and silver is the only safe
and constitutional currency. The Demo-
cratic platform of 1870; was a declaration
in favor of coin money and the separation
of the money of the Government from
banking institutions. There was at that
time no doubt of demonetizing either
metal This plank was reaffirmed in the
platforms of 1874, 1885, and 1852. The Dem.
ocratic platform of 1865 stood for one cur
fency for the Government and the people.
In 1876 the Democratic platform was a
demand for resumption in coin. A very
pronounced platform was that of the
National party in 1878, which asserted
that the demonetization of the silver dol
lar was crime against the people, and
demanded that the coinage of silver shall
be placed on the same footing as that of
gold. In 1880 the Democratic platform de-
clared for honest money consisting of
gold and silver, and paper convertible into
coin on demand In 1884 we declared we
believe in honest money, the gold and
silver coinage of the Constitution, and
circulating medium convertible into such
money without loss. This plank was re-
affirmed in 1883, and in 1892 we declared
that we hold to the use of both gold and
silver as the standard money of the
country, and to the coinage of both gold
either metal.
1T does not lie in the power of any
man or party to declare that the De-
mocracy stood for anything else than a
bimetallic standard. This proposition was
founded upon the wisdom of our great
Democratic leaders from Jefferson down
to its reputation by that greatest of all
political monstroSities. Grover Cleveland.
what prominent Republican leader has
ever stood for moHometallie standard?
Not one. AT no time in the history OF the
Republican party have they failed to pay
tribute to the genius and learning of
Hamilton. AS early as 1892 he declared
that to annul the use of either Of the two
metals as money is to sbr.dge the cir
culating medium, and is liable to all the
objections which arise from a comparison
of the benefits of free with the evils of
a scant circulation.
How do our opponents, who demand
that obligations shall be met with gold,
instead of the gold and silver coin of The
country, regard the words of Lncoln.-
If a Government contracted a debt with
a certain amount of money in circulation.
and then contracted the money volume
before the debt was paid, it is the most
heinous crime that a government could
retaries of the Treasury have followed
ruinous precedent, not sanctioned by
law. and paid out gold, when, by law,
they should have gold or silver in the re-
demption of the Governments obligations
Coming down to Grant we read in his
annual message of 1871 that the con-
s
compared with the national currency has
a most damaging effect upon the increase
and development of the country in keep
ing up, prices of all articles necessary in
everyday life. 1t fosters a spirit Of
gambling, prejudicial alike to national
morals and the national finances. IF THE
question can be met as to how TO give a
fixed value to our currency, that value
constantly and uniformly approaching
par with specie, very desirable object
will be gained Again in 1873 Grant said
With free and unlimited coinage of
gold and silver we will clear away our
public debt before the close of the CEN
tury. More pronounced than this is tha
declaration of James A. Garfield .-sEvery
both metals ! disagree with. l would en-
dow the two dollars with equality. and
make the coinage free
81 can also refer to that other great
Republican statesman, whose memory is
dear not only to those of his own party.
but the entire American people-James G.
raised his voice for remonetization of
silver. He declared:-T believe gold and
silver coin to be the money of the Con-
stitutfon We reed both gold and sill
each the equal of the other If There
FORE silver has been demonetized | am
in favor Of remonetizing it, I believe
that the struggle now going on in this
country and In other countries for single
gold standard will, II successful produce
widespread disaster Throughout the
world.
ssIiow prophetic! He did not live 10
see the fuilness of his prophecy realized;
butts came with disastrous and direfui ef-
feet during the Past sas three years f2r never
enforcement of the single gold standard.
Daniel Webster declared: i am clearly
of the opinion that neither Congress nor
any other authority can legally dnm0ne-
tize either gold Or silver. The command
to- Congress is to coin money nat to de-
stroy Z. and the grant of authority fq']