Daily capital journal. (Salem, Or.) 1896-1899, 1896-05-05

and coin silver Now Mr.. Editor,
Vanderburg and Senator Mitchell
stand for the principle and policy OF
issuing treasury notes and coming
silver. Mr.. Tongue and Dolph oppose
it.. VIII THE JOURNAL rise to the
Importance of the occasion and the
duty Of the hour, throw off partisan
ship and be consistent, loyal and
patriotic to our eountry's interests
and our peoples needs ?
JAMES X. SEARS.
We have not yet heard Mr.. Tongue
speak, nor seen any of his campaign
speeches fully reported. The JOURNAL
is not advocating the nomination or
Election of gold monometalists or free
traders. We still adhere to the ma
tional Republican platform of 1892,
which declared for bimetalism and
for use of gold and silver as standard
money, etc. The Republican party
has never yet declared for the single
gold standard. Neither has the Dem
ocratic. The platform in Oregon
this year is construed by the goldites
TO be bimetalllc platform, though
they construed IL two years ago as
meaning sound money and Mr.. Dolph.
This year Mr.. Dolph as the repre-
sentative of the gold standard ele-
ment threw off the mask and intro
duced single gold standard resolu-
tion In the Republican state conven-
tion against the finance plank that
was adopted. That platform is
bimetalllc. If Mr.. Tongue stands
squarely on that platform he is a
Republican and entitled to the Re-
publican vote. Mr.. Sears wants THE
JOURNAL to come out and take the
side OF the people. THE JOURNAL
has always fought for the true inter-
ests Of the people and shall continue
to do so.
We have considered Mr.. Tongue as
a friend Of silver, though we do not
agree with the plan OF maintaining
silver at parity with gold by making
it redeemable in gold. The silver dol
lar is dollar on its own account or IL
is nothing. The more silver that is
carried on the gold redemption plan,
on that plan of maintaining an arti-
fetal parity, the more demand we
create for gold to maintain it with,
the higher we drive gold up and the
more we enhance its purchasing
power. We do not want more silver
purchased by the government and
coined into money IL IL is only
to result In compelling the govern
ment to buy more gold TO float it with
and make 1t money.
Silver must take it's place with
nickels and coppers as mere subsi-
Diary coin, or 1t must take its place
where IL belongs, under the constitu-
tion, as primary metallic coin of the
realm on equal terms with 'gold.
Every ounce ,of silver bought by the
government in twenty years, cost more
than a ldollar in gold, and why the
silver dollar isn't as good as the gold
dollar-why 1t should be called a so
cent dollar and have to be redeemed
in gold-is mystery that the gold
advocates will never get through the
heads of the common people.
In an editorial headed "a Total
MlscOnception," the Oregonian OF
Monday says:
"Mr. Tongue, in his speech at East
Portland on Friday night, said;
The Republican party always dealt
with silver in a friendly spirit, and
endeayored to get our own product in
circulation, either In coined silver or
in paper representing IL. II restored
to power, it will put in circulation
every dollar OF silver that IL can
maintain at par with gold, and IL will
not put in circulation one dollar more,
and ought not to do so. 1t will not
sustain the present policy OF contrac-
tion, nor do believe IL will permit
the enormous circulation OF small
bills.
"These remarks show total mlsap-
prehension OF the monetary situation.
There is In them an intimation that
not enough legal-tender silver has yet
been issued, and that the Republican
party, on its restoration TO power, will