The Coconino weekly sun., 1896-08-20

when courts allow rehearings they admit that ecror Is possible. The late decision against 'he income tax was rendered by majority of one after rehearing Wh'ie the money question overshadows all other questions in imp ortance desire if dis tihctiy understood that shall offer no nnoloyv TOT tne Income tax plank of the Chicago plat- form. The last income tax law sought to up- portion the burdens of government more ebuit- ao,y among those who enjoy the protection oi the government At present the expenses o' tuo ieuerai government, collected through ,,S,am sanai revenue and import duties, are es- Peciaily ourdensome upon the poor classes of society. law which collects from some cit iEens more than their share of the taxes, "uu coliects rom other citizens less than their snare Is simply an indirect means of transfer rihg one mans property to another mans pocket and while the process may be quite satlsiactory to the men who escape just taxa e'on' It can never be satisfactory to those who are overburdened. The last income tay law. witn It's exemption provisions, when consid- ereu Tn connection with other methods of tax "tioh m force was not unjust to the possess DTS of large incomes, because they were not compelled to pay total federal tax greater than their share.
 The Money Question.
 NOW let me ask you to consider the para mount question ot this campaign-the money question. It is scarcely necessary to defend the principle of bimetallism No national party during the entire history of the United States has ever declared against it, and no party In this campaign has had the temerity to oppose It Three parties, the democrats, the populists and the silver party. not only de- clared for bimetallism. but have outlined the specihc legislation necessary to restore silver 10 US ancient position by the side of gold. The republican platform expressly de- eiares that bimetallism is desirable when It pledges the republican party to aid Tn securing 1t as soon as the assistance of cer- tam foreign nations can be obtained Those Who represent the minority sentiment In the Chicago convention opposed the free coinage of silver by the United States by independent action on the ground that in their judgment it would retard or entirely prevent the estab- !ishment of International bimetallism. to which the enortS of the government should be steadily directed" When they asserted that the efforts Of the government should be stead fly directed toward the establishment of inter- national btmetallism they condemned mono- metalliSm.
 The Gold Standard Found Wanting.
 The gold standard has been weighed in the balance and found wanting Take from it the powerful support of the money y-ownug and money-changing classes and it cannot stand Tor one day in any nation in the world It was fastened upon the United States without dis- cussion before the people, and its friends have never yet been willing to risk . verdict before the voters upon that issue
 There can be no sympathy or cooperation between the advocates of universal gold standard and the advocates of bimetallism. Between bimetallism-whether independent or international-an and the gold standard there is an impossible gulf Is this Quadrennial agitation in favor of international bimetallism conducted in good faith. or do our opponents really desire to maintain the gold standard permanently. Are they willing to confess the superiority of . double standard. when joined by the leading nations of the world. or do they still insist that gold is the only metal suitable for standard money among civilized nationsY If they are, in fact, desirous of se- curing bimetallism we may expect them to point out the evils of a a gold standard and de- fend bimetallism as Q system. If, on the other hand, they are bending their energies toward the permanent establishment of a gold stand- ard under cover of a declaration in favor of in ternational bituetalism. am justified in sug- gesting that honest money cannot be expected at the hands of those who deal dishonesty with the American people.
 Honest Money.
 What Is the test of honesty in money? It must certainly be found in the purchasing power of the dollar. An absolutely honest dollar would not vary in its general purchas- ing power; 1t would be absolutely stable when measured by average prices A dollar which increases the purchasing power is just as dis- honest as a dollar which decreases in pur- chasing power,
 It cannot be successfully claimed that mono- metallism or bimetallism or any other system gives an absolutely just standard Of value. Under both monomctallism and Oimetallism the government fixes the weight and fneness of the dollar, invests it with legal tender quail ities and then opens the hints to it's upre-
  of the dollar to be determined by the numbe of dollars.
 The Advantages of Bimetalllsm.
 Bimetallism is better than monomet allism. not because 1t gives us a perfect dollar-that is, e dollar absolutely unvarying in Its general purchasing power-but because 1t makes a nearer approach to stability, to honesty, to jus tce, than a gold standard possibly can Prior to 1873, when there were cnough open hints to permit all the gold and silver available for con- age to find entrance into the worlds volume Of standard money, the United States might have maintained n gold standard with less in- jury to the people of the country, but now, when each step toward universal gold stand ard enhances the purchasing power of gold, depresscs prices and transfers to the pockets of the creditor class an unearned increment, the influence of this great nation must not be thrown upon the side Of go unless we Gre pre-  of such an act.
 Any legislation which lessens the worlds stock of standard money increases the ex- value of the dollar. Therefore the crusade against silver must inevitably raise the purchasing power Of money and lower the money value of all other forms of money Our opponents sometimes admit that it was q mis- take to demonetize silver, but insist that we should submit to present conditions rather than return to the bimetallic system They err in that we have reached the end of the evil results of gold standards: we have not reached the end. The Injury Is continuing one, and no person can say how long the world is to suffer from the attempt to make gold the only standard money. The same influences which are now operating to destroy silver in the United States will If suc- ccssful here, be turned against other silver using countries, and each new convert to the gold standard will add to the general distress. So long as the scramble for gold continues, prices must fali and general fall in prices is put another definition of hard times
 Gold Standard Ruinous to Traders.
 Our opponents have made special appeal to those who hold fire and life insurance policies, put these same policy holders know that, since he total premiums received exceed the total osses paid, a rising standard must be of more benefit to the company than to the policy holders. Much soacitude has been expressed ,y our onnonents for the deDOSitOrS of SaV-