The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1896-04-05
Thrt Repnhlloan Platform.

Editor Leader: In screed Of April
entitled Fipancial Reciprocity," the
Evening Capital is pleased TO pro-
nounce me Financial Neophy te,"
and one who never went TO school or
learned q lesson"
In the Repu olican school Of finance,
l confess that am but a novice. and
am only one Of the many who cannot
understand the meaning of the dnan-
clal plank In the Republican platform,
Having plead quietly to bis charge,
financial neUpuyt tism," hope the
Evening Capital will kindly give to all
those who, in common with myself,
are fiounderlng about in the lowest
depths of Ignorance. few lessons on
The subject. And still we'll gaze and
still one wonder'll grow that it's small
head holds all there is to know, on the
great question upon which minds
equally great have and still do differ
The verbisge of the Republican
platform is great and words are lngeni-
ously strung together Here it is: We
believe the best way to continue the
parity of our dollars, and at the same
time enlarge the circulating medium
com uaensurate with the growth of the
popnlauton, is by the unlimited use OF
our domesslc silver product" Now
would like the Capital to answer this
questions; Is IT in favor from the a love
declaration, of the free and un-
limited coinage of 7ul the silver
produced In the United States, and the
silver dollars so coined to be equal
with gold in the payment of all debts.
public and private, and the dollars so
coined 20 be standard money, and
the money of final redemp ptionP
don't care to have q tariff argument;
but just want to know where our
financial schoolmsster (9) stands on
the question. Is there room on his
financial plank for him to stand with
both feet, or is IL fixed for a straddleP
The unlimited use Of our domestic
silver product (?) may mean much or
nothing. Even the dullest OF your
pupils is already making an unlimit-
ed use of all the silver he can manage
to domesticate. but the supply of the
domestic product is extremely limited
in the pockets of the people The
Capitals editorial above referred to
is headed Financial Reciprocity "
Now, what does this mean2 Is there
any system of international business
existing anywhere which covers this
idea of recipr ociCy in coined dollarsP
Reciprocity, in the exchange of our
agricultural products and manufsc-
tured articles, Is not founded on nor
affected bv the value of our coin nor
OF the coin of the country buying from
us or selling to u.s. No ioreign coun-
try buys dollars's worth from us,
nor ever will, uniess forced to do Sc
by the laws OF supply and demand.
Our exports of agricultural products
may have expanded s62, ,OO0, 900 In QUE
year, just as the Capital says, but why
Because there was shortage in other
countries of the products with which
we compete in the worlds market.
The Capital says: put a protective
wall around the country. Knock rec
iprocity holes in 1t for every nation
which wants our manufactured goods
and wants to sell us products which
do not com pete with our own. FoI
this reciprocity we NJ ust look to silver
ueIng countries. The gold standard
countries are manufacturing countries
against whom we cannot compete. or
gold standard We can drive then
from every market in the twenty-five
silver-using countries by financial rec
iprocity."
Very well-let us hegin this fnAn
cial reciprocity business at once. Lee
us say to these TWENTY-FIVE nations
bring on your goods, manufactured o
raw, which do not compete wl'h ours
and we will paw you IN silver at tn,
ratio OF 10 to land whatever you bu,
of us we will receive payment in silve
at the same ratio. Bring on all tn
silver bullion you have to spare ant
we will accept it at l6 to and pay yol
in products of the farm or the factory
at a fair price.
II ther-, is any condition of AFFAIR
to which the term financial reciprocity
will apply. it. would be such as WI
have described. and not bv the knock
ing OF few holes in protection wal
for few weak nations to craw
through.
No. rather let us offer our wares T.
the whole world and take pay in eithe
gold OF silver, as most convenient I
the purchaser, and the more they buy
the better for us. / hope that tn
Capital will shed more light on its pc
sition for after reading and studvin
and puzzllng over that financial planl
we suspect that. after all. 1t is for bi
metallism based on a gold standard
in other words for a continuance o
our present system. which will be In
dorsed by the national Repu blieai
platform OF 1895 and will be enthusi
.nt;oo1l,- 10 vorad hu Oklah0ma ReDub