St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-06
FOR FREE SILVER
And Opposed to the Policy of Mr..
Cleveland.

Inc terr1ole financial condition in which
our country now Is demands the most serious,
honest and patriotic consideration of every
citizen. To be honest and patriotic, that con-
sideration should be In anything but an in
tolerant spirit All should be given q fair
hearing. and the best plan of reform should
be adopted. / envy not the man who, In this
awful emergency-this period Of failures, de-
spair and suicides-is prompted by selfish mo-
dves, In the discussion Of proposed measures.
Like the great majority Of our business men,
l have but little time to devote to writing up
on this all-absorbing subject Of finance; but
having been confined to my home with ia
grippe. l devote portion Of my period of
conyalescence to submitting a few ideas for
the consideration of your readers. I am one
or those whom q few days ago you ele-
gantly characterized as free silver FOOLS" but
having been subscriber to the | since
its first number, claim the right TO be heard
IN its columns. So. in the language of an
other. hear me for my cause''-no gag.
The senate having, on Saturday last, passed
the free silver substitute to the house bond
Democrats, fifteen Republicans and seven Pop
ulists-the country is furnished with con-
elusive evidence that large number Of free
silver FOOLS are to be found in the Democrat
ic and Republican parties, as well as in the
Peoples party. The thinking members of the
old parties must now conclude that when
ablest members of that body-thus vote for
the free and unlimited coinage of silver, not
withstanding the long-cuntinued efforts of
the advocates Of single gold standard, that
examination and consideration. There is In
this vote an emphatic contradiction of the
stereotyped declaration that 1.-The free silver
sentiment Is dying out, and can assure you
that 1t will not down, and that this agitation
will continue until 1t triumphs.
Conceding your right to editorially advocate,
ject to the one-sided manner in which you
publish as news, matter pertaining TO the sill
yer question. or the proposed substitution of
national bank notes for United States green
n
Cleveland and Carlisle for advancing the in
famous proposition. The latest evidence of
your bias In this respect is your comments
South Carolina You begin by stating that
he is Populist. when he is not. At about
the opening Of the present session one Of the
senators referred to him as SUCH and he i'm
mediately exclaimed I'm no Populist-Im a
Democrat Senator Butler, of North" Car
DINA, is Populist; but to your party belongs
the bold denouncer Of Cleveland and Carlisle
from South Carolina. But would 1t not have been
more fair to publish Senator Buffers speech
(at least all Of that portion sent you by the
Associated Press before you editorially re-
ferred to him as 1.-The overseer in the senate"
His denunciation Of Cleveland was mainly for
being the greatest political boss, "overseer''
and tyrant that ever lorded 1t over a party,
or occupied the White house; and I insist that
II you publish his speech in full your read
ers will read the proof Of this. II his speech is
too ''vitriolic'' for the admirers of the auto
crat of the White house, why do you not pub
lish those OF such senators as Vest. Mills
Voorhees, and others upon this bond-silver
bill, at this session? Where will you look for
Democrats. If the twenty who voted for this
bill are not to be considered such?
Forgetting that. at the last election in this
state, the vote of the Populist candidate for
governor was nearly double that OF the Demo-
cratic candidate, you not long ago appealed
to the Populists to join the Democratic party.
The only answer to that appeal that a Pop
ulst need make is to refer you to the
speeches of the Democratic senator's, deliv-
Gd ar fha In fQU NJ ha
free coinage of silver, and in opposition to
the issue of bonds. 1 admit that thore is
some foundation for your criticism Of the
Peoples party. 1t Is but too true that I'M
and the rule or ruin policy Of many of its
leaders has seriously injured 1t; but the
condition of things in the Democratic party
is certainly less inviting. No. Mr.. Editor
the Democratic :. party, must retrace
its steps and become mere of
party of the people before 1t can hope to re-
gain confidence. The overwhelming result of
the last election, which took from 1t such
strongholds as Connecticut, New Jersey
Delaware. New York. Maryland and Ken
lucky, tells where Cleveiands gold standard
ism and Rothschild-Morgan partnership has
brought that party to. And the end Of his
leadership and ruin Is not yet.
The fundamental and existing cause OF our
present deplorable financial condition is that
there Is not now in existence-much less in
circulation-one dollar of current money
where there should be three. and that today
instead of there being (as is claimed) $25 per
capita, in actual circulation, there are not So.
EVERY act OF Cleveland and Carlisle with
reference to our finances, has been, in effect,
to still further reduce the volume OF our cur
rent money, and the masses OF our people are
beginning to know this. 1t is this Insult
cheney OF the volume of our money that has
paralyZed business and destroyed the market
value of all kinds of property real and per-
scnal. Under proper financial conditions our
farmers should have received not less than
hair In OF Of
IL Is not true that there was las many err
Ioneously suppose) an overproduction: the
TACT being that the worlds crop of 1895 was
between 200 000, COO and 300 900 900 bushels less
than that of 1894. II there is only 81 I'm ex
istence and In circulation where there ought
ID be 80, values and prices must be propor-
Iionately less than what they ought to be-
There Will be no substantial improyemept IN
our condition until there is a material In
crease in the volume of our current money
mark the prediction), and as the most prac-
tioai means to this end, We favor the free
coinage OF silver. There Is no danger of too
much silver; and there is not to exceed 81 I'm
gold, to every S25 of our indebtedness-pubIic
and private. The increase In the production
OF goid mas not kept pace with the increase
OF population.
The adoption of the gold standard Is work.
ing absolute ruin to our farmers and pro-
ducers The purchasing power of silver. in
siVer-uslng countries, is as great today as IL
was In 1873, and the prices of such staples as
wheat and cotton, and articles Of domestic
manufacture have not risen nor fallen there
In those countries silver has proven a stable
standard OF value. The only articles which
have risen In price with them are those i'm
ported from gold-standard countries When
gold leaves our country 1t is because our cred
ltors can buy more with II elsewhere than
here. IL our creditors could make more out
OF our products than gold they would take
them In preference to gold. But as they can
now take our gold, and, converting It into
silver money go to the silver countries and
buy much more wheat, cotton. ETC., It will be
seen That the only way to compete with those
silver-standard countries is to raise the value
of silver by restoring IL to its former standard
as money metal of the world. Our farmers
receive at their homes only about 40 cents per
bushel for their wheat because our surplus
has to come in competition, in Europe with
that OF the silver countries. He has to sell at
sflver-staDdard price and pay for his labor
and everything he buys at goId-standard
prices: This is manifest to all who are in
is the condition of things today and the
merest tyrO in finance must see that IL gold is
to continue to be exported, as in the past two
Years. financial insolvency Is our Inevitable
tate. II Will bankrupt any nation on earth to
issue bonds and buy gold astwe have been do
fng-at the rate of 1852 900. 900 within two
years. The only way that gold exports can be
checked is to make it an object for our cred
1tors to buy our products. and that can only
be done by raising the price Of silver or more
correctly speaking. reducing the price of gold
Uutil this Is done all efforts 70 restore the
nrices and value OF exports will he futile
With the adoption of free coinage. silver will
become worth S1.29 per ounce because the
owner nj bullion will not sell II for less than
he can have 1t coined into dollars for Foreign
governments and the manufacturers of silver
articles now buy all surplus silver and
must have it; and If thev cannot get It for less
than s1.29 an ounce will pay that for II. All
talk about ffty-cent dollars is nonsense
Apain We regard Clevelapd's issuance of