Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1896-09-04

produced III Tue = hlOOu OvoVOo 0"N
price of silver went down very
rapidly, reaching a lower point
than eyer before. Then, upon the
recommendation of President
Cleveland, both political parties
united IN the repeal of the punch
aslng clause of the Sherman law
We cannot with safety engage IN
further experiments in this direc-
tiOn.
On the % of August 1891, in a
public address | said: "lf we could
have an international ratio, which
all the leading nations of the world
adopt and the true relation be
fxtd between the two metals and
all agree upon the quantity OF
silver which should constitute a
dollar, then silver would be so free
aud unlimited in its privileges OF
coinage as gold is today. b II that
we have not been able to secure
and with the tree and unlimlIed
coinage OF silver adopted in the
Unit, d States at the present ratio
we would be still further removed
from any international agreement.
We may never be able TO secure
it if we enter upon the isolated
coinage of silver.
"The double standard implies
equality at ratio, aud the equal
Ity can only be established by the
concurrent law of nations. 1t was
the concurrent law OF nations that
made the double staudard; 1t will
require tue concurrent law of ma
tons to renstate and sustain It,"
The Republican party has not
been and is not now opposed to
the use of silver mon ey; as It,
record abundantly shows. 1t he's
done all that could be done tor it,
increased use. with safety and
honor by the United States acting
apart from other Governments.
There are those who think that II
has already gone beyond the II nit
of financial prudence. Surely we
can 60 no further and we must not
permit false lights to lure US across
the danger line.
We have much more silver in
use than any country in the world
except India or Cnina-S500, ,OOO,-
600 more than Great Britain. $50 =
OOO. 600 more than France S4O).
600, 900 more than Germany, 1925,
600 600 less than india aud sl25 .
O00. 900 less than China. The
Republican party has declared IN
favor OF an international agree
ment and if elected President 1t
will be my duty TO employ all
proper means to promote it. The
free coinage OF silver lu this
csuntry would deter, it not defeAt,
international bimetalism, and until
An international agreement can he
had every interest requires us to
maintain our present standard.
Independent tree coinage OF
silver at a ratio of 10 ounces OF
silver to l ounce of gold wOuli
insure the speedy contraction OF
the volume of our cnrrency. 1t
would drive at least 800, ,OOO,OOO OF
gold dollars, which we now have
permanently from the trade OF the
country ana greatly decrease our
per capita circulation. 1t Is not
proposed by the Republican party
to take from the circulatlngmeGlum
of the country any of the silver VS.
now have. Ga the contrary, it is
d sposed to keep all of the silver
money now in circulation on a
parity with gold by maintaining
the pledge of the Government tha'
all Of 1t shall be equal to gold
This has been the unbrOken policy
of the Republican party since 1878
1t has inaugurated no new policy
IL will keep IN circulation and as
good as gold all OF the silver an'
paper money which are now III
cluded In the currency of the coun
try. 1t will maintain their party
II vii! preserve their equality
in the future, as 1t has always
done in the past. 1t will not con
sent to put this country on
silver basis which wOuld inevitably
follow independent free coinage ~
a ratio OF 16 to 1. 1t will oppose
the expulsion of gold from on
circulation.
If there is anyone thing "h'et
should be free from speculation AM
Anciuation it is the money of
country. IL ought never To be th'
subject Of mere partisan contention
When we part with our labor, ou
products or our property We shoui'
receive in return money which
as stable and uncbanging in vain
as the ingenuity Of honest meu ca
makeit. Debasement OF the cul
rance means destruction OF vdlhss