The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-08-17
OPENING OF THE
OHIO CAMPAIGN
IConcluded from Page IL

here is the $4,000 Union soldiers, their
widows and orphans. who are creditors Of
the United States to the amount OF over
Ni0.O0OOO0 a year for services and sac
riiices in the Union army. 1t would be
an act of perfidy and meanness beyond eX-
preston for this grea- country 10 pay
them with money of less purchasing pow
er than gold coin merely because the over
production Of silver In the United States
has reduced tie market value OF silver
bullion contained in a silver dollar.
There is another class OF creditors that
the free coinage of silver will greatly in
jure. 1t is the depositors in savings IN
stitutions and kindred organizations, WHO,
according to official statistics, number
nearly 100000 people. and whose deposits
amount to more than eighteen hundred
million dollars. VIII you cheat .hein 10y
reducing the value and purchasing power
of the dollars they have deposited?
Free coinage will also wipe out near'y
one-half the value of life Insurance whi:n
president people of the United States have
paid to secure, in case OF their DEATH some
support and protection to wife and chill
dren 1t will affect injuriousiy the multi
tyde OF clerks and employees who depend
upon monthly pay and will reduce the
purchasing power. Of all salaries Of Of
fcers and employees in the public service
Of tho United States and of every state,
county, city, or township in this broad
land.
But BY far the greatest injury resulting
from the free coinage of silver will fall
upon workingmen. Their wages are now
based upon money OF the highest value.
upon gold coin of standard value. Under
free coinage of silver the value OF the sil-
yer dollar will fall to tifty-three cents IN
gold, or as | have already said, the hun
dred cents of the gold dollar will be worth
1874 cents of the silver dollar. with free
coinage of silver every workingman can
and ought to demand enough silver for
his daily wages to be equal to the purchas-
ing power of his present wages in gold
The struggle between workingman and
employer will then commence, and no one
knows better than the workingman how
difficult II Is to get an advance OF pay.
We have strikes and strife enough now,
when the workingman gets his pay IN
gold coin or its equivalent but what VIII
he the condition when he Is paid in cheaper
money of the same nominal amount but
OF less purchasing power? Every senti-
ment of justice will be on the side OF the
workingman in his truggle for good money
or increased wages in CHEAP money. Or
all the evils which government can IN
fict, none can be greater than cheap
money, whether of coin or paper.
The free coinage of silver is an invita-
tion not only to American miners, but to
all miners or holders of silver in the world,
20 danosit their silver in the mints of the
United States and to receive In exchange
therefor silver dollar for every 4l2la
grains of standard silver deposited But
that silver is worth in the market only 81
cents. Why should we receive this bullion
from, tbe nwners of silver mines at nearly
double i,s market value when we have
suoh a ,,st hoard in tho treasury which
MO bo,d Xyi,b dia;cuItv at mar with gold?
vrhe op,, ohiect and effect of this measure
viii ha to dngrade tho dollar. TO lessen
,ts nrrohos,ng nowsr nearly one-half 10
anohIa dohtors 70 nav tbeir debts ot 5a
cents for a dollar and to cheat the publ.c
creditors who hold our bonds. If this
pT't .," ,a,, Ino its yIana ,n,ong tho nations Of
the earth as bankrupt, closing its busi-
ness at 53 cents on the dollar
There is another element of meanness
in this free coinage of silver. The United
states mas always PAID lts ponds IN soiu
com UT ns euui,"len.' III Wv ua'
nou's VI ,. .ne .',r r,,,o;r,, m ord ,ntarest in
roid or it's ennivnIent, All of the war
debt has been paid in this way. A portion
of it was paid by the sale of bonds bear
ing lower rate or interest, but we eN-
acted from the purchasers OF THESE bonus
gold coin or us equivalent even Whlie our
notes were below par in coin.
1t Is one OF the objects or those VINO ao-
Vocate the free coinage OF silver 10 torce
the government to pay these bonds IN
silver coin reduced in value. Ii Is harsh
to express this opinion of a measure IA
vored by many good people, but cannot
fraud and robbery, ana all the worse
If committed by great, rich and free
people. TtlZen VINO should commit
such an ofence would be punished by the
courts or denounced as dlsnonest, out u
nation like ours Is beyond the power or
any tribunai nut conscience ana dod.
EopAKER DEEENDS THE COJrPTS
When senator Sherinan nhlsheu NoN.
Bushnell introduced Senator-elect j. h.
Foraker. The cheering which greeted
him lasted two or three minutes When
no mentioned Mckinlev's name in his
onon,ng ra,,,orke ,ho Soor., which FOL
49,, - IT.. ,,,' 49,, 49,
!o"e" "a' III ''oi' '''''e ii"e .'e '.'e
Ill the ot. LOUIS convention WHEN ne
mentioned Mchlnley name III MS
nominating speech.
Mr. Foraker said:
For three wears in succession Republi
can maiorites in this state and throuan.
ont the country have heen overwbalminp
what has bannened since tho e,ections of
last vear IN chance tho verdict Of tho ,,eo-
ple as then recorded? In administrat,on
nothing. In lepislation notbiny Nobodv
pretends that MIR cleveland or anvhodv
else has done ANYTHING in tho nam. ~
Democracy 10 redeem n from tho faults
on account of which II was condemnnI
last vaar Wbv tho, should tharn ho
anv contest for s,nrem,cy tb;s yo,ro
The answer is there 10 n now iss,,e ,rbo
money nuestiop b,s heon hro,,uht to ,ho
front and we .ro 70 dator,,,;ro ,,,ho,ha,.
or not we will have freo silver
The Rennblican nor,v has not o,oroo,
,,s nosition II s,anss axaotI,, 49, =.
has been s,andj,a borotnfora p.'o.,.
and simn,v stated omr ,,os,,io, e. ,,,n.
MO nrornso 20 ,,,a;n, ,o;,, -, ,,' 80 '..'