The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-19
rsate ,ss IN money sa cannot be construed

~ SotC iAt0iEJ CdnuOC De construed TO
mean authority to destroy money
ne uIterances of nearly every Demo-
cfatlc statesman living and dead, whose
memory is reyered and who occupied
prominent positions in our country were
for the double standard. Benton. Jack
son ana that line of statesmen time ana
time again declared for the money Of the
constitution. Even Carlisle said in 1873
peiieye that the old ratios of active
ana real value will be re-estabIshed on a
nrmer foundation than ever And that
noble Democrat. Thomas A. Hendricks
SAID IN the same year that gold and
SILVER are the real standard of value is
cherished Democratic sentiment not
now or hereafter to be abandoned
nave alluded to the platforms of my
party and the declarations of it's states
men to overcome the proposition that this
: ss Wild experiment and inconsistent with
democratic teachings, and have alluded
70 me expressions of those Statesmen in
other parties to show the concurrence
or sentiment existing among all patriotic
leaders in the soundness of birnetallsm
But grander and beyond all is the recog-
nitfon Of that sacred instrument. the
constitution of our country, of gold and
silver as the coin money of the land
History records the fact that under
the double standard this country grew
occasional period Of financial and busi-
ness depression came, but the wisdom
Of the lawmakers, who in those days leg-
slated for the benefits Of the entire
w,
yised means Of relief.
Gold and silver continued to enjoy
equal privilege at the mints until 1873,
when legislation struck down half Of the
status, and from that time there has
been no stability in financial circles, and
uncertainty among business men, finally
oreakins out In the panic of 1898.
sIlys. attracted little attention at the time
Ihe disparity grew and the people learned
n n Ife school of experience that they had
Down TO 1873 the United States made
WonoerIul progress; the different make
sniIls tnat have since been proposed have
the vicious legislation of that year In
point OF fact, subsequent movements in
money centres indicate that there was a
disposition among bankers at home and
ABROAD TO establish standard which
would secure to the creditor class greater
relhrn Tor money for loans and exchange.
fact that there is a wider gulf between
the debtor and creditor classes that wages
are lower, prices of farm products are
greatly reduced; vast fortunes are piled
up Dy the rich, and greater poverty exists
among the masses.
VINO then are the advocates of a single
classes, the bondholders. the money len
GERS and exchangers. the gamblers OF
wall street that great class which always
puts The almighty dollar before patriotism,
who disparage the credit condolences and
popular institutions Of our country, and
VINO wish T. make, the United States trib-
ufary TO England in financial matters.
The other great class that has enlisted
under gold banner has been led to do
50 through the extreme Misrepresentation
of the press in the East and the pictures
cess of biEnetalliSts.
1t was only after the act of 1878 thrust
between the metals began TO show marked
chaIge. The present disparity is the re-
suit. With the bimetallic standard. the
deficiency i'll the production of one metal
is balanced by the, production Of the other
and their power to circulate irfterchan nge-
ably at a fixed legal value will keep tiIe
ernment permanent. This is but the sim
pie operation of the law OF supply and de-
nand. Senator Hill SAID that bimetal-
lsm, secured by agreement or indepen-
ly be reached. Let the United States
lead IN this movement and it Will inau-
gurate one of the greatest movements for
the betternent of the masses undertaken
IN many years. The Euroreaal conn tries
are waiting ard stand ready TO cooper
| .a1'f1a absolute ratio fixed by tllesCSovern-
ment at IS to would settle at once and for
all the disparity in the bullion value OF
our present coins The stamp of the Gov
ernnnent is the supreme and ultimate
our silver dollar everywhere cfrculates at
par with gold when, as the gold men say,
It is worth only % cents? You can hunt
the werld over and not find a gold man
who will give you his two silver dollars
for a gold dollar
THE gold men continually misrepresent
Mexico and the conditions existing there
under her financial policy. The Mexican
dollar is a domestic dollar and buys as
much of the native product of the soil as
it ever did. She has increased her ex-
ports and diminished her imports is MAX
ing mechanics and artisans out of the
peon and slave, IS investing capital and
enjoying unprecedented prosperity. Com
pairing the difference in wages and the
cost of living in Mexico and the United
States and the balance is in favor OF the
Mexican laborer.
The gold bug tells you free coinage. as
advocated by the Chicago platform.
means dishonest dollar, abrogation of
debts and the paralyzation of industry.
and then he tells you that if an inter-
national agreement can be reached he
is in favor bimetallism. This is stu
pendous nonsense
Senator DAILY said the United States
could undoubtedly maintain a ratio of 16
to |. In reference to the criticism of the
Supreme Court he said an honest servant
could well bear criticism, and he alluded
to the storm of opposition aroused by the
Dredd Scott decision The income tax law.
he said was an admirable measure as it
was most just to impose the greater tax
upon those who enjoyed the greater priv
legeS.