The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-08-13

ton Of bimetallism will discourage hoard
Ing, because when prices are steady or ris-
ing, money cannot afford to lie idle in the
bank vaults. The farmers and wage earn
ers together constitute considerable ma
jority Of the people of the country. Why
should their interests be ignored in con-
sidering financial legislation2 A none.
tary system which is pecuniarily advanta-
geous to few syndicates has far less to
commend 1t than system which would
givehope and encouragement to those who
create the nations wealth.
Our opponents have made special ap-
peal to those who hold fire and life insur-
ance policies, but these policy holders
know that since the total premiums re-
ceived exceed the total losses paid, rising
standard must be of more benefit to the
companies than to the policy holders.
Much solicitude has been expressed by
our opponents for the depositors in say.
ings banks They constantly parade be.
fore these depositors the advantages of q
gold standard But these appeals will be '
in vain, because savings bank depositofs |
know that under gold standard there is |
| increasing danger that they will lose their |
deposits because Of the inability of the |
| banks to collect their assets, and they still |
", s ,nu' - Vno soiu atahu"iu 10
u w az ,n,thSua..I 10y, 'hoy na! pe oohi
to pay living expenses.
increase" summer oi fA.iures'
IL Is only necessary 10 note the lncreas-
ing number OF failures IN order to know
that golu standard Is rulnous to mer-
chants ana manufacturers. Ihese busl-
ness men no not make their profits from
the people from whom they borrow money,
put from the people to whom they sell
their goods Ii the people cannot buy,
retailers cannot sell, and, II retailers can
not SELL wholesale merchants and manu-
LECTURERS must go into bankruptcy.
lhose VINO hold, as permanent invest
meht, the STOCK OF railroads ana OF other
enterprlses-l DO not include those who
speculate IN stocks or use stock holdings
as means of obtaining an inside advan-
tage in construction contracts-are in
lured by gold standard The rising dol
lar destroys the earning power OF these en-
terpflses Without reducing their liabilities,
ana, as diSldehds cannon De PAID until sal
aries ana h1eu charges nave peen satls1led,
.he stocKhoiders must Dear the burden OF
nara tiihes' -
oaiarles III business occupations depend
upon BUSINESS cohaieiohs una the gold
s.anuhru poUh iessens the amount ana
threatens the pernanency OF such salaries.
olhclai salaries, except the salaries OF
tnose VINO holl once 1or lie, must IN tine
long run pe adjusted 10 the condltlons OF
those VINO pay the taxes, and II the pres
Gnu hliahciai poiicy continues we hlust ex-
pect INC cohtes0 pet"eeh inc TAX payer
and the TAX eater 10 increase IN bitterness.
Inc PROFESSIONAL classes-in the main
derive their support from the producing
classes' ana can only ENJOY prosperity
where tnere Is prosperity among those
VINO create wealth
nave not attempted 10 describe the ef-
iect OF inc gola standard upon all Glasses
In 1act, nave only mad time to mention
a1eW-Dut each person VIII be able to ap-
ply the principles stated TO MS own occu-
patton.
IL must De admitted, however, that
some bankers combine the business of
bond broker with the ordinary banking
business, and these may make enough in
the negotiation OF loans TO onset the losses
arising In legltlmate banking business.
AS long as human nature remains as 1t is
there VIII always be danger that, unless
enactment, those who see pecuniary
may yieid TO inc temptation to bring
ABOUT ehat common JEFFERSON has stated
=, " ~. r,,o, -. i . u ~ " toYei n''ien'
another and never was that Jntv ,roro
imnortant than IL is TODAY
II ;e not STRANGE +bat tboso ,,ho have
made nrof,t bv fprnisbinr ro,d 70 tha
government in tbe hour of its ovtra,,,;t,r
favor n financial nolicv which will tnsn
the government denendent mon them
believe however, that I sneak the sant;.
ment of the vast majority If tho neonIo NJ
tbe limited Stats,s when cav tbat =. ,,isa
financial nolicv administered in hebaIf of
all the neonle would noLe onr oororr,nont
indenendent of any combination of nnons
ciers foreign or domestic
1t must also he remembered that n 10
the desire of peoplc penernIlv tn convent
their earnings into real or MARGINAL nron. {
erty. This heinz true in considnring mn,
temnor,rv odvantaga which nav oo,no
from system under which tbo doll,r
rises in its mIrcbosing mower II ,,,,st NOT
he forgotten that tho dnl,or ,,rnot hn,.
more than formerly unless nronortv soIis
for less than for,nnrlr uonno Il lii ra
{
,o.,, .l.t , .., - {
,,o1 Ga ..,,,a - s..S ~,
nold st,ndnrd oil a;.o"... .hst ,ha,r |
tnssos oxoaaI tha;, s,s. 0' +
''N'.i s"'"'' p
hehe''e'Sries OF 'he 'oid STANDARD. 2
Let me say word, now, in regard to , S
o S.i.'il pefsois VIM are pecuniaiiy oeho- u
T. NOT fro,n d.s,ra w. tr,s NV VIM ," tha
r;,,ht. af n.h",o h. taa,,Ip 81, a a;,, Wv
stoncos which s,,rro,,na ths,, w, i;nd tho,n +
~ ,bo ofTaot os tho noId '" StnnSnrI "nnn
otbcrs Sb,u asL so,, 60 nnnsid,r .t tba
ian,,oro of two e,,Dt ua ,rhnsa ,onn :.
,,,hio sor,;oo WV d s LII s.a Sos' T., ,he
l,o.,, T., hit ~ $50, al 49, =,
t than fror, n',,,orsn .rit;ainns ~ ru . ono'
nants In 1seo Sona,nn Shnn W ~" a,a 1fpo :,
..trho aantnaot;o,, ~ thn o,,nra,o Ca,
,,,orn 5istna.s;,,s. n-,on,.io, 49, saratan, y
$500 NV -, ID ath,a IT, 49,. ',
-, rp ,huo,,nh thnt "ouotin,, hasaoa I.,e
3 ~ noss;hla - ' taIo thnt ',,,.hort II