The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-16

silver il silver is offered. We deny that
bimetallism in the sense that both gold
and silver
SHALL CIRCULATE TOGETHER
as moneys of ultimate redemption can
be brought about by any sucn methods
We, on the contrary, assert that what
the Democrats propose will give US
not blmetallsen, but silver monomefal-
ism. The very moment we, acting alone
, without the cooperation of other ma
tons, enter upon a policy of free COIN
age of silver at the ratio of 16 TO l. as
the Democrats propose, the. United
States will pass to g silver basis.
If we undertake to maintain it at
par with gold, by redeening it in gold,
There would be too much of it. But as
it would be impossible for us to do it.
already. stated, it is not proposed, under
free coinage, to redeem silver in gold,
but ON the contrary, that is incon-
sistent with the whole idea of free COIN
age. The theory of free coinage is that
silver should be itself a money of re-
damption, and, if a money CT redemp-
ton, there would be no more propriety
in redeeming silver in gold than there
would be in redeerning gold in silver
Silver must, therefore,
UNDER FREE COINAGE,
stand alone upon it's own merit, and its
merits must be measured by its in
trinsic value, that is, at the ratio
named, only about one-half the in
trinsic value of gold. We would conse-
quently have two metal coins of I'M
equal value, but moneys-of redemption.
Gold would go Instantly to a, premium,
and the moment it would go to a.
premium it would go out of circulation
When a man has a dollar to pay he wild
pay it with the cheapest dollar at his
command. With gold out of circula-
ton, we would have only paper and sill
YER money, and inasnuch as all the pa
per and all the bonds and other obliga-
tons of the government are redeeTnable
in coin, they would be redeemed only in
silver
1--WE would, at once, step down and
out from the class in which we stand
with England, France, Germany and
other great commercial nations of the
earth into the class with Japan, China
and Mexico. To that step, the Repub-
lican party will not contribute. So long
as we control this government, America
Will rank with the first-ciess nations of
the earrh. Our flag shall be everywhere
respected, and our money everywhere
honored. If you want a practical il
lustration CT what we would avoid, look
at the Mexican dollar It contains more
pure silver than our silver dollar, and
yet one of our dollars is worth practi-
cafly two Mexican dIcllars. This IS so
because our dollar is redeemaTble in
gold. while The Mexican dollar is not
They have free silver in Mexico They
are on a silver basis. In that country
silver is
A MONEY OF REDEMPTION
just what the Democratic party pro-
pose to make 1T here. Payment in sill
YER is the end CT a business transac-
ton AS a consequence, a silver dollar
is worth just what the bullion it con-
tains makes it worth, and 1T is worth
whatever silver may be worth in the
market for commercial purpose. The
same is true in substance and effect in
every other silver country, and as it is
elsewhere so, too, will 1T be here. 1t is
fel' this reason we deny that free ~oin-
age means bimetallism. and assert that
II is only silver recommendation. and we
are opposed to it because unti1 we can
nave biFnetallisrn we prefer the gold
Standard to the silver standard. We
want to continue the use of the hest
money OF the world. We want to main
tam 1t in the future, as we have in tba
past, the III lLle
HIGHEST MONETARY sTANDAPD
known among civilized nations We
want 10 preserve the use of gold to-
gecner with silver and paper. and are
o oi, 10 policy that would drive
SIX niillons of gold out of circulation
ana thereby correspondence contra RI
our currency, derange our business nj
4eaVe Us with no other metal excent
SILVER. We are opposed to free coin
age because its avowed purpose is TO
nave cheap money with which tn
pay debts. We are not repudfators
we believe in an honest discharoa of
an honest obligation.
II is not the characterization of sill
yer that has hurt the farmer. but tbe
oemonetlzation of his markets. The
repeal OF the Mckinley law carried
with 1t the repeal of our reciprocity
treaties. In consequence the EXPORT Of
our agricultural products fell off for
the year 1895, as compared with the
year 1894, to the amount of more than
$3.50, 100000 49, '-i''n
Now. want to call your attention
TO another blank in the Democratic
platform-one that is, in my judg-
nzent,
MORE SERIOUS IN ITS CHAR
ACTER,
If that be possible, than the silver
prank. Ii is that which assails and
threatens to destroy the supreme corr
OF the United States, and denounces
the federal courts generally because of
what 1t is pleased to term government
by Injunction
Inc assault upon the supreme court
is on account of it's decision that ar
income tax is unconstitutional But no
matter what the excuse, the fact re-
mains that the highest tribunal in
America has been openly and deliber-
ateIy assailed by a political party in
It's political platform, and the declara-
ton and pledge have been given that
if that party shall succeed at the the
coming election, the supreme court
shall be so recognized as TO make it
subservient to the whims and notions
OF a political organization; and all this
simply because the supreme court has
discharged it's constitutional duty.
But they do not stop with this as
sault upon the supreme court. They
go further. They arraign all the
judges of our federal courts. The en-
tire federal judiciary are included in
their attack upon what they are
junction. Who can forget how, in the
summer of 1894 this country seemed
to be
ON THE VERGE OF ANARCHY?
Who can forget how, at that time.
angered ana maddened by Their
wrongs, real and imaginary, the strik-