The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-08-31
TALKS OF THE DOUBLE STANDARD.
Believes I'm It But Thinks 1t Impossible
at This Time.

On the ed Of August, 1891, In a public
address, said: IF we could have an in.
ternational ratio which all the nations OF
tho world would adopt and the true re.
lation be fixed between the two metals
and all agree upon the quantity of silver
which should constitute dollar. then /
silver would be as free and unlimited in |
its privileges OF coinage as gold Is today. |
But that we have never been able to Sc |
cure, and with the free and unlimited |
coinage Of silver adopted in the United |
States at the present ratio We would be |
still further removed from any inter. |
national agreement. We may never be
able to secure it II we enter upon the
isolated coinage Of silver. The double
standard implies equality at ratio, and
that equality can only be established by
the concurrent law of nations 1t WAS
the concurrent law Of nations that made
the double Standard IL will require the
concurrent law of nations TO reinstate and
sustain It."
The Republican party has not been and
Is not now opposed TO the use OF silver
money, az its record abundantly shows
1t has done all that could be done for its
increased use with safety and honor by
the United States, acting apart from
other governments. There are those who
think that it has already gone beyond the
limit OF financial prudence. Surely we
can go no further and we must not per.
nit false lights to lure US across the
danger line.
We have much more silver in use than
any country in the world except India OF
China-S500, 900, 900 more than Great Brit
ain, $50, OO0, 900 more than France, 800.
| 100000 more than Germany, 1926. OOO,O Oo
less than India and sl25,000,0o0 less than
| China. The Republican party has de-
| clared in favor OF international agreement
| and il elected president IL will be my duty
to employ all proper means to promote IT,
| The free coinage of silver in this country
| would defer, if not defeat, international
| bimetall SIN, and until an international
agreement can be had every interest re
quires us to maintain our present staho
ard. independent free coinage OF silver al
| n ratio OF sixteen ounces of silver to one
ounce of gold would insure the speedy con
traction of the volume OF our currency IL
would drive at least 500, 900, 900 OF gold dol
lars. which we now have, permanently
from the trade Of the country and greatly
| decrease our per capita circulation. IL II
| not proposed by tho Republican party u
take from the circulating medium oil TIT
| country any Of the silver wenow have. vi
the contrary, IL is proposed to keep all
| the silver money now in circulation on
rarity with gold by maintaining tn
pledge Of the government that all OF i
shall be equal TO gold. This has been tn
unbroken policy of the Republican part
since 1878. Ii has inaugurated no neN
policy. 1t will keep in circulation and a
good as gold all silver aud paper none
which are now included in the currency c
the country 1t will maintain their parity
1t will preserve their equality in the futur
, | as IL has always done in the past. IL WI
: | not consent to put this country on sllv'
, | basis which would inevitably follow IND
pendent free coinage at a ratio OF 10 TO
IL will oppose the expulsion OF gold frol
| our circulation.
II there is any one thing which Shout
be free from speculation and nuctuatio
It Is the money of a country. 1t ougi
3 never to be the subject OF mere partlsa
!! contention. When we part with our labo
n our products, or our property we snou
receive in return money which is as sta
and unchanging In value ms the ingenui
of honest men can make II. Depasene
Of the currency means destruction Oh W
ues. No one suffers so much from che'
| money as the farmers and laboiers. N
J. are the first TO feel its bad effects ana
l. last to recover from them. Ihis mas De-
"a | the uniform experience OF all couhtrl'
and here. as elsewhere, the poor and n
the rich are the greater sufferers iro
emery attempt to debase our money.
l. would fall with alarming severity up
# Investments already made; upon inst
ance companies and their policy holder
~ mon savings banks and their deposition
" mon building and loan associations a
their members; upon the savings OF thri
nnon pensioners and their families, a
mon wage earners and the purchase
8 | power of their wages.
The silver question Is not the only ISIS
IL affecting our money In the penulng &C
be test Not content with urging the II
coinage of silver its strongest champio
demand that our paper money Snail DC
nk sued directly by the government OF
limited States. This Is the chicago he
III ocratic declaration The St. Louis +
I'd nla,s declaration IL that "our natiol
money shall be issued by the general q
eminent only, without the intervention
. hanks Of issue. be full legal tender for
navn,ent of all debts, public and privat
nj and he distributed direct to the peol
ng and through lawful disbursements OF
government" Thus, In addition 10
free coinage of the worlds silver, we
.shod IN enter upon an era Of unlimi
~ irredeemable paper currency. The a.
mr., tion which was fought out from 100
ct 1879 is thus to be reopened with all
cheap money experiments OF every c
ceivable form foisted upon us. This II
ootas n most startling reactionary pol
'ck strangely at variance with every requ
md went Of sound finance; but the decl'
aui ton shows the spirit and purpose OF On
who by combined action are contend
for the control OF the government.
sat,seed with the debasement OF our
tue which will inevitably follow the Tree G
ted ACE of silver at is to !, they wouiu
ing further degrade oui currency anu 'nrc'
the nublic honor by the unlimited issu
n, ,rredeemable paper currency. A gr'
,n.nace TO our financial standing
was cred,t could hardly be conceived and e.
lied sa,riotic citizen should be aroused
.ho rromptly meet and effectually defeat
THE .CI.AssEs AGAINST THE MASS
, n p,,,c, the Republican Candidate Cor
ers Reprebensibie.
To e a cause for painful regret
sol,oitude that an effort is being n
nv those high in the counsels OF tn
''e' lied parties to divide the people
this country into classes ana CT
distinctions among US which In rae
/. IN y 10.