New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-16

this by international agreement, the oilly pos
sible way to secure 1t. in our judgment. that has
yet been pointed out.
THE QUESTION OF PARITY.
Our position IL not therefore. one OF hostility to
silver has been claimed. but one that demands
such use and treatment Of silver as will maintain
IT In honorable parity with gold. We have now in
not only gold and silver but six different kinds
of paper money. The grand aggregate amounts to
more than Sl.5o0coOCO Speaking in round figures.
$500 100000 of this is in silver and paper, and only
with eod-simpy. all is redeemable in gold.
When our fathers authorized the free coinage OF
both gold and silver at the ratio OF l6 10 they
were In that ratio of equal commercial value. No
harm could come. therefore. from free coinage, or
| from giving to both the qualities of redemption
money. Neither could drive out the other. one
had as much intrinsic value as the other; But now
all that Is changed. The commercial value or gold
and silver is longer l6 TO but almost % TO l.
1t is self-evident thai silver dollar worth only
unless made redeemable in gold. but a cardinal
point in the doctrine of free coinage IS that neither
gold silver shall be redeefnable the in the
other. but each shall stand upon It's merit as
money OF ultimate redompuon 1t IS one thing to
declare that you will redeem I'm gold and another
| thing to make and keep yourself able so TO re-
deem. And as it is with an Individual. So too is 1t
II an individual has property and credit his obli-
cations VIII circulate at par to reasonable
tations he would destroy his credit and dishonor
his paper The Government Is subject to the same
rule. For this reason the Republican party has
pursued the policy Of limiting the obligations or
! the Government to amounts conceded to be within
| the ability Of the Government to pay II was for
this some reason that We limited years ago the
amount Of greenback Treasury notes that might be
law limited the number OF silver dollars that might
be coined, and 1t for this same reason that We
finally suspended the coinage OF silver altogether
IL for this same reason. too. that what is
called the gold reserve was established.
FALSE BIMETALLIsM
Notwithstanding I'll this the Democratic party
declares for the free. unlimited and independent
coinage Of silver at the ratio OF Is to l. What does
this declaration mean? They tell Us that it means
bimetalism and they define this TO mean that sill
is not only to freely coined. but that II Is 10
be no longer redeemabe In gold. but Is to be ITSELF
| 4 money Of redemption. If their policy prevails
and you have paper dollar and want IT re
deemed In coin. you VIII be- compelled 10 accept
lsm in the that both gold and silver shall
circulate together moneys of ultimate red"mp-
ton be brought about by any such methods.
We. on the contrary assert that what Democrats
propose VIII give rs. not bmetallism. but silver
monometaism The very moment We acting
alone. without the cooperation Of other nations.
upon policy of free coinage Of silver at the
ratio OF 10 to l. ar the Democrats propose me
United states Will pass to a silver basis. ,.,
a we we would nndeTake to mns nn II I Pn %
bic for to do IT, There would be too much OF IT.
free coinage. to redeem silver in gold; but on the
contrary. that is inconsistent with the whole idea
silver shall be itself a money of redemption. and.
II money Of redemption, there would be no more
would be in redee ming gold in silver. Silver must.
therefore under free coinage stand alone upon rs
own merit and It's merit must be measured by Us
Intrinsic value, that is, at the ratio named only
about oneha OF me intrinsic vaf c co So'o a. nn
equal value. but moneys of redemption. Gold
would go instantly TO premium and the moment
it would go to "A premium it would 20 out OF circu
lation When man has dollar TO pay ne VIII
With gold out Of circulation. would have only
paper and silver money. and inasmuGh az an ttl,
the Government redeemabe in coin. they
would be redeemed only in silver
AVOIDING A DOWNWARD STEP.
We would at once step down and out from the
class in which we now stand with England
France. Germany and the other great commercial
nations of the earth into the class with Japan
China and Mexico. To that step the Republican
party will not contribute So long as we control
This Government. the American people will rank
with the first-class nations Of the earth our flag
shall be everywhere respected and our money
If you want practical illustration Of what we
would avoid. look at the Mexican dollar IL con-
tains pure silver than our silver doiir anu
yet one of our dollars is worth practlcallX TWO
Mexican dollars This Is so be because oTr d doar
not They have free silver IN Mexico , ,neS az
Nancy u,r Of redempton~just what the Democratic
party propose to make 1t here. raymeRt III siIyeI
auence a silver dollar is worth just what the pull
lion contains makes worth wnadevct S nvr
poses The is true in substance ana erect III
e''S is for this reason we deny that free coinage
means bimetasm and assert that II means Only
cn,se until we can have bimetallism we prefer the
gold standard to the silver standard We DO NOT
tinue the use of the best money of the world. We
to maintain IN the ut9rG as we tnnn among
civilized nations We want TO preserve the use OF
gold % no w'H that Would drive $cooooo Of
gold out of circulation and thereby s
IL contract our currency, derange our business an
leave us with other metallic money except S"-
'Wo are opposed to free coinage because IFS
avowed purpose is to have cheaper nUnry WI" W.
which TO pay debts We are not repudlauots' III NJ
boIiove in discharge or an noneSt JUL
cation , ,,or NJ silver that has
bnrt me farmer but the characterization OF ms
markets The repeal of the Mchinley IA" GATES ra,eu
with II the repeal OF all the reciPr92ci,iy @
In consequence the export OF our agricultura pro
ducts fell S of for TO b fe amount gTSI Of more than
90 (Nlr Foraker then read table showing tn, tae
under the Mckinley and Wilson bills respectively
SUPREME COURT THREATENED.
Now I want to call your attention to another
plank in the Democratic platform, one that Is In
my Judgment serious In its character II that
be possible than the silver plank 1t Is that whch
ssaiis and threatens to destroy the Supreme Court
of the United states and denounces the federM
courts generally because Of what 1t Is pleased 10
term government by injunction. c... g. 90 No.
The assault upon the Supreme Court Is on ac-
count Of its decision that an income tax Is uncon-
Fact remains ,hat the highest tribunal in America
has been openly and deliberately assailed py
declaration and pledge have been given that II
that party shall succeed at the coming election
axe II subservient to the whims and notions OF a
political organizati ton And all this simply because
the Supreme Court has discharged Its constitutional
duty.
BIT they do not stop with this assault upon the
Supreme Court They go further. They arraign all
the Judges OF Federal courts, The entire Fed
eral judiciary included I'm their attack upon
what they pleased to term government 10y in
junction" Who can forget how in the summer Of
1894 this country seemed to be on the verge OF
anarchy? Who forget how at that time. an
gcred and maddened by their wrongs real and
ina gnary the striking rioters I'm the city Of chi
cage undertook by violence to supplant the civll
state commerce and prevent the carrying OF the
mails of the United States. This declaration of
this platform has reference to this incident. Read
in the light Of this fact 1t is the purpose of the
Democratic party. declared by this platform.
to give Us not only free trade and free silver.