The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-09-17

tenn ana redemption in gold we will have to
issue more bonds, or else we viii have to retire
our greenbacks and issue other money in their
place. The question is whether this money
shall be bank paper redeemable in gold or
metallic money coined from our silver mines.
maintain, therefore, that the free coinage
OF silver at the rate of 16 to l by this country
is practicable, that 1t will restore the old rela.
tive value OF silver and gold, release this coun-
try from its dependence on foreign Countries
impair the efficiency of the cheap labor of sill
yer standard countries in competition with our
own, restore the value of our agricultural
products with which we pay our debts abroad
and save this country from manufacturing
competition that will prove destructive.
With view to protecting the products of
this country, whether from the farm or fac
tory, against the production OF silver standard
countries, our policy should be by the in
silver, and by withdrawing the demand for
gold to pull down the value Of gold, so as to
restore the ola relation of 1512 or Is ounces of
silver to L of gold. By doing this we will take
away at least one-half of the efficiency of the
competing labor OF silver-Sts ndard countries.
All parties have declared that this object is
eommendable; that it is desirable that bimet-
all1sm should be restored, and that such an
Increased use of silver should be created as to
restore its parity with gold, so that both metals
Will concurrently circulate. The only differ
ence is as to the method of doing this; and,
while international action is desirable, it is
not necessary.
The tariff legislation promised proper secur-
ity 10 the manufacturing interests of the coun-
try against the products of the cheap labor of
Europe, and the monetary legislation promised
the agricultural interests of the country secur-
1ty against the disastrous competition of sill
ver-standard countries 1t also promised q re-
newal OF the mining industry OF six States and
three Territories, whose basic industry was
silver.
Upon the successful prosecution of this in
dustry depended all the correlated industries
OF commerce, agriculture, banking and trans
portatlon in this vast area, comprising nearly
one-thlrd OF the entire country. The revival
OF that region was of vast importance to San
Francisco, separated as it was, built up as it
was, first by gold mining and later on by
silver mining. 1t had suffered severely from
the prostration of the mining region, and
would profit greatly by its restoration. Thus,
by the equal protection and development of
the manufacturing, agricultural and mining
interests of the entire country the country
would grow tremendously. And with a
restoration OF equitable relations between the
creditor and debtor, and between the pro-
ducers and consumers, benefcent era of
prosperity would follow.
Before allowing the crowd to dispense
the chairman announced that Hon.
Joseph J. Dwyer will speak at Metropoli-
tan Temple next Wednesday night. All
silver clubs expected to attend.
All silver clubs In San Francisco are re-
quested to communicate with William P.
Lawlor, chairman of the campaign COM
mittee, and arrange for the mass meetings
which are to be held in the various AS
sembly districts from now till the close of
the election.