The herald., 1896-10-25
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AND a PLEA {;
: y 6S6h $50 : nHeAA :,
= sxPel,ss ssynoue SEVERANCE

'I<r< " - 49, - sse$C& Ssvo~s~vs
& y IN not apartisan. q ~ between our
MT politicai parties. lament the
1r1encei Of these, a. hostile camps of
K nro who should be brothers, devoted
81 ~ ~ the public welfare and Jealous
~ joor1 all the truth which bears upon
~ welfare. y
81 u foaiiHe, too clearly to be partisan,
6f eur panics. and strikes. and busi-
- rnsdl1turbanoeS have causes which
- 16eDer than even = money or tariff
nj I strive to keep informed upon the
41ogflOns Of our time. and my interest
~ TIE present one Is, as always, to get at
- rect Of the matter SO far as possible.
~ 70 see fair play.
4 Nave. therefore, read industriousiy
asmuus Of the literature of both parties.
& Axnof the facts and figures" have been
/ 80 ~ each to produce diametrical,y
+ 0mD0Dite conclusions. And one would
no8d weeks to classify and cancel them
an II can now present. therefore, few
) 1only. Of the most radical. and salient
p(1nts in the controversy.
xXhe m6nopolys BY the gold party of
me title. :s'the sound, honest money par
q" seemed to me very audacious one.
46o11ne sure that 1t must rally to its
i0Gz1p multitudes of upright, excellent
.6so6ie. Who were too busy to investi-
tEafe and tou loyal to party leaders to
dooert their. feahership.
Let US see the common sense meth
- of appeal to our non-partisan die
yE1ouorie0 may not clear the present issue
ST some Of its vagueness.
70 ':begin. at the beginning" what is
':3Setal-goid or silver in the mass"
TIE dictionaries reply.
What Is c6tn7
Metal stamped by authority"
The verb "'to coin," they say, Is "to
coin metal, to make money"
What authority stamps coin and 20
smekes money" r. makes money" no.
tice! an
rhey reply: @4rha government, through
Then. let us ask, is not silver. or pa
\ per, bearing the government stamp,
money" as really as gold, which also
tS only money because it bears the gov
exnment stamp?
And are not Silver and paper also bear
Ing the government stamp. therefore as
sshOkest" and as sound money" as gold?
n not. why not?
u It because the politicians and the
4nanciers-whpse interest it Is 10
have single standard-have de-
nonetixed and. Disseminated against
, thene7 And II this be SO, is it not they
! who have degraded the currency?"
But II It Is the stamp of the govern
0ent which, makes money" according
70 our impartial dictionaries. why should
\ the government allow it's stamp to be
questioned or it's coin to be discriminat-
cd against
The opponent points here to the<aw of
supply and demand as the cause of the
| depreciation of. silver. But is not that
law. like other laws, made operative or
nom cooperative by the manipulations of
interested parties-the bulls and bears
! q we see daily on the stock exchanges
~ the world? And did not the demon
otisation of silver naturally operate 20
loosen its value and the demand for It
at once here and In Europe?
!; Another false cry against the bimetal-
,.olnto II that OF repudiating honest debts
land Of degrading the currency. How
can this be charged with Justice against
LfHem. since they did not contract the
currency nor degrade the silver dollar,
Eohd since they do not wish public nor
tRrivAte debts paid by such dollar, but
by one kept at parity with gold; and
,1irce they ask only that these debts be
| paid ''as stipulated in the bond" in
sold or its equivalent" which "eQuiva-
lent" can only mean silver or govern
1nent paper?
( Must we not then see that if money
I doee not grow on trees ready for our
kxlbes nor drop by miracle from the skies,
hbeled as IAN infallible standard" or
istneasure Of value" but is made mon
" !" do you not see that the government
; that all money is fiat money? A fear
Pful conclusion, no doubt, to the un-
! thinking or the prejudiced
! And It may have been the fear of this
term which led our usually astute and
brave Col. sIngersoll to assert, as re-
ported. that mo legislation or govern
lment can make money" Has the
colonel invented g special Providence"
TO create money for us? Has he forgot
ten SO easily the clause of our vaunted
.constitution which gives congress, in
these precise words, 1.-THE power to ere
iafe money and fix the value thereof; to
levy taxes" etc.?
y II the money thus stamped, and for
which the government is, therefore, re-
1n0mAible, lis not sound, honest mon
w do ou not see that the governmeynt
has been a fraud all the years when
silver was, our leading money metal,
and when greenbacks were put into use
by the government itself? We elders re-
member well with what satisfaction and
success. isst.
II the govvernment then makes silver
trto money by it's stamp why can it not,
without harm. restore it to it's old place
and maintain its parity" with gold, as
1t is pledged to do? If it can and does
and who. then, is responsible if we have
IL?
Lastly, on this point why was silver
sdemonetized?
Have we. ever heard an adequate or
creditable answer? Why was it not left,
like gold, to take it's course under the
b0asted law of supply and demand?"
< We hear much of the increased amount
~ silver In circulation of late years, but
" II shown that even this increase keeps
pace with that of population and of in
l4u8fry? We hear of large sums paid on
our national debt, but do we hear from
ithe same party of the actual increase of
;1hat debt by the accumulated interest
upon the unpaid portion?
hear that the bimetallic party is
the creation of silver mine owners, who
win reap q large profit by silver coin
are, and, II this were proven true, would
'M not be rs fair to let them have their
iproper Innings" as to have let the
money -chHngers have theirs? But, in
met, many Of the most earnest of the
iG1lver party are also owners of gold
!nnines. but urge-for the gain for the
Hf6atest number-the double standard
the bimetallist, may not the honors be
1alrly called easy, with Herr Most as
IN ally Of the gold party? And as to the
Gbposfti0n or many OF the bimetallists
- the interference of the government
- the Chicago strike, many other sane
NA1ukere hold that more legitimate
49, OF its power would have been in
0Gupelllng the railroad company to
<0oD Its 8s'sworn contract" to carry the
ne1lD, which those striking for a de-
6Gnt living wage for their brothers had