Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-08-28
not only for the honor conferred upon Ohio
by the convention, but because we know him
to be fitted for that great office

kion. We take pride In William Mckinley,
BY the convention. but because we know him
TO be fitted for that great Office:
II 50 happens that at the coming Presiden-
two ons IF WITCH
whether any holder Of silver bullion may de-
posit 1t in the mints Of the United States
out cost to him into silver dollars, each Of
the weight Of 412h grains of standard silver
nine-tenths fine. and may tender them for
tion is whether in leyying duties or taxes on
imported goods we should only consider the
revenue required, or whether while raising
there the needed led revenue we should seek also to
the one is called revenue tariff and the other
protective tariff. Both the silver and tariff
are Vital questions IS. Of domestic policy Of
sion to confine my remarks mainly to what
Is known as the free coinage Of silver at the
ratio Of sixteen parts Of silver to one Of gold.
We are brought face to face with propo-
sition which. II agreed to. will make silver
the sole standard of value for all debts and
credits, for the wages Of labor and the pur-
chase and sale Of property. The Democratic
party at Its recent convention at Chicago
adopted resolution in favor Of the free
coinage Of silver at the ratio Of sixteen parts
the United States and in all countries in the
world thirty ounces or more of silver can be
purchased by one ounce Of gold: With the
etized. Nothing can be more certain than
that the cheaper money only will circulate.
The United States has thus far maintained
It's, Its silver M h.. coins at parity with gold coins
and by limiting the amount, but with free
coinage Of silver there could be no Limitation.
spoe Se %nt IN form viii be
duty Of free coinage silver dollars will soon
~ the channels Of circulation. and the gold
dollar Will be boarded. or will be quoted and
silver coin. Silver will stand as the par value
and gold will be quoted at Its commercial
value.
Let us contemplate the inevitable result Of
: the free coinage Of silver. It would violate
made since Jan. j. ls7s The resumption
provided for the payment In coin on demand
OF all United States States notes presented
for redemption. All forms Of money, whether
at par with each other. and have been so
maintained ever since. During all this period
gold and silver coins at par With each other
of the United States was pledged for their
+Maaintsnance a;1 Ct parity With each other: Al
ne. the coins made from 1t have been kept MT
par with gold coins Mt the legal ratio Of 18
But Il the free coinage Of silver is author
lied. then the market value of silver bullion
becomes the standard for payments on ali
contracts con % made del IN the past; the present. or
bullion. worth now IS cents, can with ree free
coinage be coined into dollar upon tho ce.
1u,ul Mand Of any holder of such bullion. This
ioa. and is not supported by the nat Of the
Government. The Government does not un-
dertake to maintain Its relative value with
dollar" -
!ts purchasing power 10 bs cents, but II.
debt-paying power 10 one dollar. It 10 to be
z legal tender for one dollar Of debt, but IN
. cents. for the seller Of the article can al
his prtce according to the kind az mono1
o@eted: Il y the doctrine Of the Populi0k and
a.ascaise. bat b IN direct opposltaoa g tho