The Portland daily press., 1896-03-05
(Springield Republican,
Reinforcements for silver.

To the Editor Of the Press:
Senator Hoar of Massachusetts replying
evidently without much generalization
TO speech of Senator Carter Of Mon
tana in the United States Senate, made
these somewhat remarkable statements:
l wish to say that SO far as | know,
there is not Republican in either House
Of Congress from the East, and there Is
not, so far as l know, in the State of
Massachusetts or in the six New England
States, two per cent of the entire Repub-
lican party who hold the theories of
Grover Cleveland, as | understand them.
There are no gold monometallists there.
The people of this country, as the sena-
tor has we'll said, and truly said, ninety
per cent Of them, are bimetallists. They
bell eve in the doctrine which he read
from that platform, and they believe in
the concurrent and continued use of sill
Yer as well as gold, not merely as token
of subsidiary money. hut as the world s
STANDARD of value. The senator talks
about our joining the party of President
Cleveland. Whence came the great ma
jority which swept this country in con-
domination of President Cleveland in the
autumn of the year 1894?
If ninety eight per cent of the entire
Republican party in the six New England
States do not hold "the (gold-mono-
metallic) theories of Grover Cleveland, u
they have been, and still are, giving
him most effective aid and comfort in
putting those theories Into disastrous
practice.
If NINETY per cent of the people of this
country believe in the concurrent and
continued use of silver as we'll as gold,
not merely as token of subsidiary
money, but as the worlds standard OF
value" the commercial journals of the
Eastern and Northern cities have treated
that faith of ninety per cent of the people
of the United States as a contemplate
delusion hardly to be spoken of with any
respect.
Grover Cleveland does not believe in the
continued use of silver coin as symbol
OF valuation for the world. The silver
coins which the party that nominated
and elected him decreed, in the most ex-
plioit terms, should have purchasing
aud paying power equal to gold, and
which the laws of the United States, be
had sworn to support, had clothed with
all the functions Of money and made an
instrument of absolute and final payment
he has treated as something to be first
redeemed in gold and then traded off as
old junk, when the market should be-
come more favorable.
largely made up of his own partisans as
sembled III extra session, to stop the coin
age of silver dollars solely to maintain
the monetary value of the $3.50, 100000 OF
them already coined; and when in the
flush of his popularity he secured at last
their reluctant consent, they found to
their Indignation and disgust, that he
had no intention of maintaining the
monetary value of one of the coin bases
of the national oirOulatiOI
OF course in paying out obligations in
gold, which by the terms of the contract
were due in coin, the gold reserve began
O waste, and, on his own hook and with
out authority of law, he has been engaged
in maintaining gold mono metallism.
and borrowing 1868, oO0,0 OF gold for
which he has given interest bearing obli-
cations of the United States.