The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-08-27

NAVE SOttSh GA bHe WRONG sue ON oOtii
| occasions.
| We welcome the alliance and frisndli-
ness of these honest and honorable Dem
ocratfc citizens. We applaud the.r patri-
| otlc spirit and are anxious to cooperate
| IN every way to make headway against
| the common enemy, and 10 shed light
upon the unenlightened. We are not en-
gagged in a contest for victory over the
cago in its own convention-but we are
nghting the united forces of Populism,
imitation. Communism, and all kinds OF
ralse doctrine. heresy and schiSm
The safeguards Of the republic are as
sailed. We stand TO their defence.
Sound principles of finance approved by
century of great stafesmea, are being
| scoffed aside by combination of selfish
mine owners, caglow financiers and unsuc-
cessful men of various callings. We con-
front them before the people with the doe
trine of truth, experience. reason and
honesty The designing, the dissatisfied
the discontented members of society, are
being incted to win victory wherein
the spoils shall be the property of them
that have, given to them that have not
NO one says or believes that all the ad-
Vocates OF The Chicago ticket are af,ar-
ch4StS or communists, or opponents of the
enforcement of law, or enemies of the
courts. Many are honest, but mis-
guided and deceived. We do rot assert
however that all anarchists, sll commun-
lists, are enemies of order, all that find
gain or comfort in violence and disorder
all that rejoice when a mob assemblies.
friendly to the Chicago t;cke.
Their arguments are drawn from the
mlserles OF mankind and appeal to jeal-
the wrong impression that there are
privileged classes and unhappy masses
whose interests are adverse to one an
They talk of plutocrats and gold bugs.
and the money power, to incite the hatred
OF the Ignorant and unprosperous. Who
are the plutoerats? What IS the money
power?
Where are there more men of immense
fortune than among the silver miners of
the west? Who are bonanza kings and
how did they acquire Their millions?
They sold their silver to the government
at price far above its true value. They
nave profited to the extent of 145 millions
over and above what they could have
| got for their silver anywhere else in the
| world. They almost broke the credit of
| the government. and now that the govern-
ment has stopped buying their product,
they raise cry against the money power
| denounce piutocrats and insist that the
| people are to be saved only by a renewal
OF TINS tribute to the mine owners treas
II is easy to see where their interest is
There are S40000,000 on deposit in the
New Jersey Savings Banks. That be-
longs to l99,Oeo depositors. The average
of the deposits is s256 for each depositor
| The building and loan associations have
as much more. $50 900 of capital in
| these two kinds of repositories. This is
/
money of poor people, their savings out
| OF salaries and wages. mostly. But 1t
makessa vast sum in combination. Where
| is it and what is it doing? Building
houses in New Jersey for working peo-
| pie, to large extent. The banks don't
keep it in their vaults they lend it on
| bond and mortgage to thrifty and pru-
| dent people who want to buy and build
| their own homes. and in time it is paid
| off, comes back, and is lent again Mr.
| Bryan and his Populists seem to think
| that Indebtedness is a sure symptom of
| business failure and misery. 1t is gem
| orally the exact contrary. The man of
| energy, ambition and thrift supplements
| the capital he has by borrowing from
| others, expecting to pay interest to the
/ lender and make enough over to grad
ually reduce the principal. Look at the
statistics and you will see that the most
thrifty and prosperous communities have
| borrow rare build Take your stand on
the steps of a New Jersey Savings bank
| on pay day some Saturday afternoon
and watch the people that come in There
| dent housewife, the thrifty young man
| and young woman, the young lad, each
| bringing some part of the wages of their
weeks toll, all in money as good as gold.
These are the money power of the coun-
| try. They are the goldbugs, the pluto
| Gratis, the usurers, the oppressors of la
! Dor, whom the silver mines and the sill
| yer candidates are trying to injure They
are the creditor class, their money is out
| on mortgage They are the people that
| Mr.. Bryan wants paid off in deprecated
| dollars.
| Nobody is coerced to borrow money
| The lender doesn't force his money on the
needy. He is urged to lend it by repre-
| sentatives of the sufficiency of the Sc
curity and the honesty Of the borrower
| 1t is scant courtesy to abuse him for
wanting it paid back when due
| The Populistic appeals to the dishones-
| ty of debtors are dsereditable: They say,
| vote our ticket and we Will help you
| cheat your creditors Wen show you
| how to discharge your debts without pay
| ing them"
They make these appeals in the name of
popular rights, and Illustrate them with
| metaphors drawn from the sacred drama
| of Calvary, forgetting that the divine
| Person they blaspheme before He was
| crowned with thorns and cracifed had
| been betrayed for thirty pieces of silver
| Humanity sweeps onward; where today
| On the morrow crouches Judas with the
| silver in his hands,
| The voice of the tempter is directed es-
! pecially to the farmers of our country-as
| though they were more easily persuaded to
| dishonesty than men of other occupations
| was raised a New Jersey farmer; / know
| the farmers of this State, and. in their
| name / denounce the imputation of dis
| honesty. Who furnish. the largest num-
| Der of active and prosperous men of af-
| fairs, of preachers, teachers, lawyers,
| bankers and great merchants? The farm
| ers- George Washington was a farmer
Daniel Webster was bred ON a New
Hampshire farm. From the hardy life of
| the agricultural communities has gone
steady stream of young men into all
the professions and trades, carrying with
them the energy, intelligence, ambition
and high character that have made our
country noble and prosperous. The farm
ers are not the men to appeal to in favor
of disorder, repudiation or any other
form of political dishonesty.
What makes a coin valuable?
Is 1t the stamp of the government or
the metal that is in it?
If the stamp of the government gives
1t its value, then it is immateriaf whether
the metal be silver or Nickel or copper
If the stamp of the government makes
coin valuable. it can make paper equally
valuable
What is money used for anyway? We
do not eat it; we cannot wear it; We don't
drink it. 1t is only good 20 get other
things with. 1t is the universal repre-,
sentative of property You can buy With
it; you can sell and take money in ex-
change for your property or your labor
When you want TO buy, your money IL
only valuable in proportion to the guam
tity of the desired comm 0dities you can
get for 1t. You may buy for casn or
you may buy on credit A purchase or
chase for cash only by reason of the fact
that the time of payment is postponed
Maturity day comes, and then money
must make the promise good, or the debt
or defaults. The credit of men as well
as of nations depends upon the faith that
exists in their ability and willingness 10
pay at maturity.