The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-08-02

Editor Herald: With your permits
sion / would like to call the attention of
my fellow workingmen to a few incon-
sistencies in the Republican line of ar
gument we are being assailed with at
this time. We are told by all the west
ern Republican papers that Major Nc
Kinley Is q bimetallic man. that through
him the country Is to be saved and
placed on q sound International bime-
tallic basis-a basis that Will bring pres
perity and plenty to the homes OF the
workingman and the idle Wall streeter
alike. In It's issue of July 9Th the Even
ing Express reasoned thus:
There Is no reason why, while diff
fering on the tariff or other matters,
that the south and west, Democrats,
Republicans and Populists, should not
stand together and vote for bimetallism.
Without going back on his personal rec
ord, Mckinley, as president. could not
veto such a measure. Mckinley Is man
of too much principle to deviate from
what he believes to be right, and from
the policy he has always advocated"
What Is Mr.. McKinley's personal
record on the money question? 1t is
said by the Republican press that at one
time In his public life he made utter
ances favorable to the enactment of a
law providing for the free and unlimited
coinage of gold and silver at the 16 to
ratio.A Whether he ever made such an
assertion we cannot say, but one thing
is certain: He has not made any such
articulation since Boss Hanna has had
him muzzled. On the contrary, in his
speech of acceptance, he strongly eulo-
gized the trainers Of the Republican ma
tional platform and declared his read
mess to live or die on the financial plank
of that deceptive document. Now what
does the financial plank say? If we were
to rely upon our Republican newspaper
friends to tell us, we would probably
never know. Here is what it says:
The Republican party is unreserved-
ly for sound money We are,
therefore. opposed to the free and unli,n-
Tied coinage of silver except by interna-
tional agreement with the leading COM
mercial nations of the world, which we
pledge ourselves to promote, ana until
such agreement can be obtained the ex-
listing gold standard must be pre-
served"
Can anything be more plain than the
words of this plank? Any man with a
| thimbleful of sense must know that
england Will never consent,to interna-
tional bimetallism until she is forced to
it by the adoption of bimetallism by
America, and hence if we are to "pre-
serve" the existing gold standard until
| international agreement is secured, we
will preserve it forever.
The Republican party is the first party
that has ever acknowledged in its ma
l
are dependent nation. Dependent on
| foreign power for the right to enact
| laws governing our own people! Most
| absurd
| Even England, herself, with all her
domineering spirit, denies that such is
the case. The London Financial News,
the leading journal on finance in Eng
lana, discussing this phase of the ques-
| ton says: There is plain moral in
| the remark that If the United States
would venture to cut herself adrift from
Europe and take outright to silver she
| would nave all America and Asia at her
PACK, and the command of the markets
| or both countries. There can
be no doubt about it that if the United
| states were to adopt a silver basis to-
morrow British trade would be ruined
pe1ore the year was out. Every Ameri-
| can would be protected, not only at home
but In every other market The
marvel is that the United States have
not long ago seized the opportunity 1t
has been piece of luck that it has new
er occurred ecu. eas tt9 tho
the faGsrial 1 uttsra extracts let
J idncisco Call. VI 'iie 0an
I'LL, AL nations that have demonetiza1
tin ser should be compelled to remone-
| 80 ~. we cannot afford to rake tha
OF S, out of the fire for the benefit
| w Ioily LOT Uncle Sam 10
pay lone hand for the free coinan a 20
aii nsr Wnen ne can get European bimeo
ailIsts TO assist if he asks then, ),
| fro WHIT mas already been ejven
r moin tne Republican papers. the E W
I pt he,. ana CAN, it is plain to be sean
49, are attempting hard to deceive The
,voters. While favoring bimeta11is .r.e
| independent of other nations If nea ea1S ~
uney at the same time plead with tbeir
,edoers TO vote for Mr. McKinley ~.
Anowlng, as they must. that he ana 80
party are solemnly pledged to "preser ris
u ,me ,sAlsting gold standard" They
muuu nave us believe that Mr. McKin,
wL,o T'uio disregard the platform upon
when ne was elected, cast princinia 70
tne dogs and do, after he is elected wbet
ne ne was piedged not to do when he sought
ire peoples suffrage at the polls
10 prove that these western nen.rs
Gre SUBSIDIZED by the money class to
ueceVe and bunco the people of their
tpcailty IL is only necessary to produce
r .ilI tIsl paragraph of Mr.. Clew's weekly
political TRADE. published in The Har
aid last Sunday: e iher-
,; Inns historic analogy in finance and
Ritoillcs, VII, in all probability, preserve
us paraliellsm to the end of the chan
Ter. mckinley will undoubtedly he
elected. IN which event the gold stand
ar VIII be maintained; our national
'iAi NC ouStdlHeu, our securities
VIII ma strong holders both at home
and abroad; panic will be averted and n
Doom will be inaugurated. not only in
wall street but throughout our broad
land, with which no old time revival con
compare in point of prosperity"
In addition to this let me give an ex.
tract from Monetary Trust, published |
at NO. DO Broadway, N. Y. The article |
was published a short time before tbe |
st. Louis convention. 1t says:
The New York journals are bewilder- |
ing the public. The outcome at st. Louis |
Is as clear as daylight. The triumph of |
Mckinley will prove to be the downfall |
of silver. The Republicans now hold all !
the advantages Of position. If they were |
to nominate Governor Morton thew
might risk a doubtful platform. Thew |
will never jeojardize their present adj
vantages by placing Major Mckinley
upon a doubtful platform AS the day
approaches and the friends of Mckinley
become more certain of his nomination, |
they will become more anxious for a
gold platform. AS the campaign intens-
flies, 1t will all come about exactly as
these papers foretold months ago, and |
sagacious leaders of both parties will
secretly stampede toward gold The
election itself will triumphantly estab-
fish gold and protection"
What more do we want? Mr. Clews
is Wall streets financial writer, and the
Monetary Trust is Wall streets mouth