New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-13

~ ,..se body Of commercial men. (Cres Of
ms ms, Rightr) Standing by constitutional
s.~,,v and law is the highest obligation OF
~,.sn citizenship. Renewed cries of
n'Ns,, Right,D Standing by the public faith
ne .au Of supreme duty. Great applause)
r,rvns the public credit untainted and the
-.,cv interrupted and both above challenge
e"'~ .nsre in the world. is the command of sim
a'' Sorssty and good morals Cheers and cries
w Good, Good")
.rnreciate the grave responsibility which,
49,. action Of my party and the force of cir
.,ances has been placed upon me-a re-
'".s,b,lity which would he almost impossible
ssar but for the consciousness that l have
y. sympathy and support of patriotic men of
,.rties from one end Of this country TO the
- Great cheering. and cries of I'VE will
Ind BY you. Major")
,oxEsT MONEY \FOR HONEST PEOPLE.
~ors Of the phases Of the political struggle
..,. year. my fellow citizens. is whether we
II have good money or whether we shall have
-. money (Cries of We want good money!
-. more statement Of the contention ought TO
-. the answer as IT has without argument
,sborstion Everybo ought to want good
,.v "A voice We do") Honest money Is
49, only kind for honest people great cheering).
-, the United States Government will have
o,her (Renewed cheering and cries OF "Hur-
-, for McKinleyrD There are good people.
sorhtless who believe that free coinage OF sill
,sr At Is 10 l VIII keep every dollar as good
&c Z, is now. and result In giving us more
,,orev But will It? Cries Of No, no. never.)
All authority in our country and throughout
tho world is against it, Is II reasonable that
,,e s,arnp Of the Government can make o2 cents
,ro-,h NJ silver worth dollar? (Cries OF NO
No., Such proposition is opposed by reason
- .v,srisnce II IL can make 80 cents worth
- eouaI 10 100 cents then the same power
car make anything which 1t may see Mt TO call
dolar equal 10 100 cents Great applause
- cries ~ That's 500 Then why have any
rssl value in our money at all? (Cries OF Gooo!
800, II the Governments stamp can i'm
~, +, then paper with such stamp would
ars,rar The same purpose. and. besides. would
- .ha cheapest and most convenient Great
cheering and cries Of You're right!)
~Uhat lust or honest reason can be found that
mr. money shall not be good. and equal to the
,ss, N the world? loud cries Of None
Vonero We do not have anything but the pest
In the United States. Tremendous applause
and cries of "Hurrah for Mckinley. the next
presjdentrO We have the best money nov" ana
that is what II has been since 1879 That Is "hat
!, will continue TO he if the Republican party Sc
cures control of every branch Of the Govern
,,on, Great applause end cries of 1T will get
that all right That is what 1t VIII not oe
!. our enemies shall triumph. Renewed ap-
Mans, and cries Of They won't triumph
COLD THE TRUE STANDARD.
II We we starting out now, gentlemen to
originate a new financial system, would we
make different os.a from that one we now
have Cries Of NO. NoYl We might in some
minor particular but would We rot select the
metal for our standard which was the nlos'
stable and withdrawing in value ana the one
most generally recognized by the Leading coi'i-
rnercial nations Of the world? Ceres OF les
Yssr1 We would make our standard OF t"a'
metal which was steadiest in price ceres Oh
.rb.,,s rightro We would not overlook the
feet for a single moment that gold VIII sen ioi
DC rucb before il 10 coined ii will sell Tor
ansrv,sra Is II not best for all interests 70
have a standard of money of a metal when selis
for as much in bullion as 1t sells when nlih'eu'
and is just as valuable out of the mint as IN H.
that loses nothing even If II is smelted. ana
which is Of the same value If every mark OF the
Governments stamp is effaced? loud cries OF
Yes, YesfD
A metal whose market value is the same as
its coin value is surely a safer standard than
metal whose market value is IS cents less IMAM
is coin value II you have two standards, they
must be equal II we would float both gold and
silver freely we must make the ratio based
upou the commercial value Of the two metals
This was the view of the early statesmen OF our
history irrespective Of party. This was the
visu NJ bo,h Jefferson and Hamilton who diff
fered widely on other subjects This has been
the view Of the wise men, Democrats ana he-
publicans (applause). from the beginning OF the
Government until now "a voice We'll. we are
wise Democrats" Laughter This would seem
to indicate it, Great applause)
THE RATIO OF THE FATHERS
There are those who think that there Is some
thing sacred about the ratio Of IL TO l, because
the fathers established 1t: but the fathers ala
not establish it, They established the ratio OF
u ounces Of silver 10 one ounce OF goid' ana
those who established that ratio made II upon
the commercial ratio between gold ana SILVER
and they seemed not to have been influenced
BY the fact that in 1892 the commercial and
coinage ratio was 10a4 ounces OF silver 10 one
ounce NJ gold II was not until 1884 that the
United States adopted the ratio Of 10 10 l. Ana
Why was it done? Because that was Dehe'eo ~
be the real relative value. or nearly So between
the two metals at that time; and they seeiheu
Nc, to have been Influenced by the earlier rato
Of y I, J. but determined the ratio upon the
then values Of the two metals in the markets. Vi
the world Cries Of That's right'D
Mr. Jefferson favored the use OF po'h soiu
end silver and yet while he was President OF
the United States on his motion and without
The authority Of Congress. ordered the mihts 10
discontinue the coinage OF silver dollars. why
did he do 1t? Because he believed that ne couio
keep gold in the country and make II circulate
a, a ratio Of u TO by suspending the coinage
Of the silver dollar. He thought that II no sii-
yer was coined the gold. although more Valu-
ao'e' would flow into the channels OF 'raoe
ne TACT was that gold did not. Notwithstanding
e suspension Of the coinage Of the silver o"iiai