The record-union., 1896-09-10

THE total value of the manufactured
products of the country for the census
year Of 1890 was $9,372, 537, ,2S3. The
establishment of silver basis of value
as now proposed would entail loss to
these three interests alone equal to SO
Per cent. Of this enormous output of all
the manufacturing industries of the
Crion and would affect directly nearly
ore third of its whole population.
PENSIONERS WOULD SUFFER.
"One hundred and forty million of
dollars are due to pensioners of the late
war. That sum represents blood spilled
and sufferings endured in order to pre-
serve this nation from disintegration.
In many cases the sums so paid in pen
sions are exceedingly small; in few, if
any. are they excessive The spirit that
would deplete these to the extent of a
farthing is the same that would organ
lze sedition, destroy the peace and Sc
curity Of the country, punish rather
than reward our veteran soldiers, and
is unworthy of the countenance by
thought or vote of any patriotic citizen
OF whatever political faith. No party
until that which met in convention at
Chicago has ever ventured to insult
the honored survivors of our struggle
for the national life by proposing to
scale their pensions horizontally in de-
preciated dollars worth only SO cents.
The amounts due, in addition to the
interests already named to depositors
in trust companies, in national, State
and private banks, to holders Of fire and
accident insurance policies; to holders
OF industrial insurance, where the
money deposited or the premiums have
been paid in gold or it's equivalent, are
50 enormous, together with the sums
Que and to become due for State, mu-
nlclpal and for other corporate debts,
that II paid in deprecated silver or it's
equivalent it would not only entail upon
our feiloW-countrymen loss in
money which has not been equaled in
a similar experience since the world be-
gan, but 1t would at the same time
bring disgrace to our country such as
has never been equaled by any other
nation which had the ability to pay it's
honest debts
REPUTATION WITHOUT NECES-
SITY.
In our condition, and considering our
magnificent capacity for raising reve-
nue, such wholesale repudiation is with
out necessity or excuse. No political
expediency or party exigency, how
ever pressing, could justify so mon
strous an act. All these deposits and
debts must, under the platform Of the
Republican party, be met and adjusted
in the best currency the world knows,
and measured by the same standard in
which the debts have been contracted or
the deposits or payments have been
made
TEST OF PROSPERITY.
Still dealing sparingly with figures,
OF which there is an enormous mass, to
sustain the position Of the advocates Of
the gold standard of value, I cite one
more case which is officially established,
promised by the truism that there is no
better test Of the growth Of a country's
prosperity than it's increase in the per
capita holdings of it's population. In the
decade between 1880 and 1890, during
which we had our existing gold stan
dard, and were under the conditions that
supervened from the Act of 1873, the per
capita Ownings of this country increased
from $50 to 81 ,036. In those ten years
the aggregate increase of the wealth
Of our country was S21 ,395, ,O0O, 900,
being % per cent. in excess of the in
crease for any previous ten years since
1890. and at the amazing rate of over
$1,000, 900, 900 year.
THE trainers Of the Chicago platform,
In the face of this fact and Of the enor-
nous increase over Great Britain during g
the same gold standard decade, of our
country's foreign trade and it's produc-
ton Of iron, coal and other great SYM
bols Of National strength and progress
assert that monetary standard is not
only un-American, but anti-American,
and that it has brought us into financial
servitude to London 1t is impossible
to imagine an assertion more reckless
and indefensible.
WHAT FREE COINAGE MEANS.
THE proposition for free and un-
limited free silver coinage, carried to
its logical conclusion, and but one is
possible, means, as before intimated,
legislative warrant for the reputation
Of all existing Indebtedness, public and
private to the extent Of nearly 80 per
cent. of the face of such Indebtedness.
It demands an unlimited volume Of fiat
currency irredeemable, and therefore
without any standard value in the mar
kets of the world.
Every consideration Of public inter-
est and public honor demands that this
proposition should be rejected by the
American people. This country cannot
afford to give It's sanction to wholesale
spoliation 1t must hold fast to it's in
tegrity. IT must still encourage thrift
in all proper ways. 1t must not only
educate its children to honor and re-
hn Ha 1t1t CHI 1aof fn
fidelity to the obligations of personal
and national honor as well. Both these
great principles should hereafter
be taught in the common schools Of the
land and the lesson impressed upon those
who are the voters Of to-day and those
who are to become the inheriters of
sovereign power in this Republic that
it is neither wise, patriotic nor safe to
make political platforms the mediums
Of assault upon property. the peace Of
society and upon civilization itself.
Until these lessons have been learned
hv our children and by those who have
reached the voting age it can only be
surmised what enlightened statesmen
and political economists will record as
to the action Of a party convention
which offers an inducement to national
dishonesty by a premium of AZ cents
for every 80 cents worth of silver that
can be extracted from the bowels Of
the whole earth. with cordial invita-
ton to all to produce it at our mints
and accept for it a full silver legal
tender dollar Of 100 cents rated value,
to be coined free of charge and unlim-
tied in quantity for private accaunt-
A AREvOLUTIONAR PROPAGANDA
Ip,rf f1xr,