The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-10-10
READ THIS.
Nothing Stronger in Favor of
Free Coinage Than This Let
ter of ButterwOrth'S.
And He's Republican Too, and as Big and
as Prominent as Most Any
of En-.

Hon. Benjamin Butterworth, ex-Con-
gresham from Cincinnati, is one of the
leading Republicans of the country.
1t was only last April that Senator
Henry NJ. Teller, of Colorado, arose in
the Senate and read letter from Major
Buttorworth accompanying communi-
cation from Samuel j. Richie, leading
Republican merchant OF Akron. They
were read and made part of the Senate
records. Here are some extracts from
that letter:
Every honest citizen must feel an anxious
concern that we shall not place ourselves in the
attitude of endeavoring TO cancel our obligations
to foreign creditors without fully paying them.
But it has developed that we likely to be less
solicitous about the rights of our own people
than we are about the advantages of capitalists
of other nations, to whom our countrymen are
indebted.
THE creditor nations of Europe bought from
us the greater part of more than Sj,0O0,0 1000,
par value of our securities, Nth money or currencg
ichich they no,C UTTERLY REFUSE to accept in pay
ment of either the interest or the principal of
debt
| !TeIuSdl by foreign CREDITORS WOulu DC
defensible and proper if our currency with
which we had a right to pay our debts had be-
come deprecated or undervalued by any act of
the debtors. But so far from that being so, the
fact is exactly the reverse the creditor has op-
preciated and Ouerydued the only coin he will $50
he says accept in payment"
England and other creditor nations, that is
| ha If Irpb nh net
be distinguished from the will or preference of
the people,, as a means Of Increasing the tdlue of
their credits, succeeded in securing the demonstration
Of one half Of the worS money Of ultimate redemption
and payment and closed the minis against silver,
knowing when they did it that onefourth of the
gold money of the world was locked in vaults of
certain nations as a war fund.- and hence not
serving the purpose of money as a circulating
medium, and obviously by this speculative
measure the value of the money used to buy of
| us was greatly reduced in debt.paying power so
that when we come to pay those creditors we find
that they have so manipulated the money of the
world that they hare reduced the market udlue of
ereryhug hare to sell TO raise money 10 pay lUh,
and by the demonstration scheme increased the
purchasing power of the money they will accept
in payment, and demand Of the farmers and others
lchO produce the lCedlM Of our country hrO bushes
instead Of one tCO pounds instead Of one that their
due, and take three in foreclosure instead Of the
one they might in justice appropriate for the deh,
| IN OTHER WORDS THEY DEMAND A DOLLAR THAT
HAS ONLY HALF THE DEBT-PAYING AND DOUBLE THE
PURCHASING POWER OF THE DOLLAR THEY LOANED
| US AND WHICH IN JUSTICE THEY ARE BOUND To AC
cEPr IN PAYMENT OF WHAT WE OWE THEM.
Thus the lender, after the loan, arbitrarily
| fixes the value with which the borrower must
pay.
| If it be admitted that the gold standard is
better it does not follow that we should establish
it in reckless disregard of the vast interests of
those who would be utterly destroyed or plum
dered by the manner of making the change. If
the Government cannot take foot of ground or
a dollars worth of other property from citizen
without just compensation first paid, on what
theory may Congress needlessly destroy the udlne
Of the property Of rast communities and compel erery
debtor in the nation to pay double the amount he oces
by reducing One-hay the debt-payiag powT Of the
money Of the country and doubling the purchasing
po'Cer Of the balance? Unfortunately the debtor is
powerless to defend himself against the wrong.
The infantry, artillery and cavalry of the press
and politics are under the control of the money
power demanding the change.
The policy has been promoted in the name of
IAN honest dollar" the descriptive term "honeSt'
being used for what has proved to be the dis
honest purpose of fleeing every producer in the
land UNTIL THE PEOPLE, DEBT RIDDEN TAX RIDDEN,
MONOPOLY RIDDEN AND MoRTGAGED TO THE LIP, ARE
IN STATE OF REBELLION. Was ever an honest
dollar made to perform mission so dishonest
II the testimony that comes to us. from bench
and bar, from mill and factory, field and farm,
forest and stream, store and shop, church and
school house means anything it is made clear to
every intelligent apprehension that there can be
no well-grounded hope of permanent prosperity
for the mass of people until the omnipotent
power of monopolistic combines is broken, and
they cease to dictate the legislative and admins
trative policy of the National and the several
State Governments
Their [monopolies power in the social circle
is great in politics. omnipotent; it is control
ling in business it owns controls the press
and is naturally influential with the pulpit so
it results that they are for the time masters of
the agencies that guide and mold private opinion
and control public judgment and public action
and ii results inevitably that there is left to the
plain people only beggarly account of the
agencies and instrumentalities with which to
fight their battles and protect their rights.
The judiciary, indeed is leh but unhdppiy there is
TOO much reason to fear that the confidence Of The people
in that last stronghold Of freedom for The defense Of
their rights is being affected by The general denoralisa
ton, and may be slowly undermined This is |
less, ii any degree, the fault OF the Judges than
of the general Generalization that the influence |
and corrupt use OF wealth in other departments |
has induced
And the conviction is growing that the demon
citation OF one-half the money of the world no |