Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-08-20

coinage of both; and yet in logic and
legal construction il would be diff
cult to show where and why the power
Of congress over silver is greater than
over gold-greater over either than
over the two II, therefore, silver
has been demonetIzed, ! am in favor
Of remonetizing it. If its coinage
has been prohibited, am in favor Of
ordering it to be resumed. If it has
been restricted, l am in favor Of hav.
ing it enlarged.
4 believe the struggle now going on
in this country and IN other countries
for the single gold standard would, If
successful, produce widespread dis
aster in the end throughout the com :
mercial world. The destruction Of
silver as mouey. and establishing gold
as the sole unit of value, must have a
ruinous effect on all forms OF pros
penty except those investments which
yield fixed return IN money. These
would be enormously enhanced in
value, and would gain a dispropor-
tiouate and unfare advantage over
every other species of property. II,
as the most reliable statistics affirm,
they are nearly S7,OOO,OOO 900 of
coin in the world, not very unequal
ly divided between the gold and sll-
yer, it is impossible to strike silver
out of existence as money without re-
suits which will prove distressing to
millions and utterly disastrous to tens
of thousands.
~ believe the public creditor can
afford to be paid in any silver dollar
that the United States can afford to
coin and circulate. We have forty
thousand millions of property in this
country, and wise self interest will
not permit US to overturn its relations
by seeking for an inferior dollar
wherewith to settle the dues and de.
mands of any creditor, X =
1.-The interest of the public creditor
indissolubly bound up with the inter-
ests Of the whole people, Whatever
affects him affects US all; and the evil
that we might lnhict upon him by
paying an inferior dollar would recoil
upon US.
"If paid In a good silver dollar,
the bondholder has nothing to CON-
plain of. Ifpaid in an inferior dol
lar, he has the same grievance that
will be uttered still more plaintively
by the holder of the legal tender note
and of the national bank bill, by the
day laborer, and by the countless host
Of the poor, whom we have with US
always, and on whom the most dis
disastrous effect of inferior money
will be immediately precipitated.
1--WE need both gold and silver,
and we can have both only by making
each the equal of the other. 1t would
not be difficult to show that, in the
nations where both have been fully |
recognized, tle most widely diffused,
the steadiest and most continued pros
perity has been enjoyed, that true
form of prosperity which reaches all
classes, but which begins with the
day laborer whose toll lays the foun-
dation of the whole superstructure of
wealth. The exclusively gold nation
like England may show the most mas
sive fortunes in the ruling classes but
it shows also the most helpless and
hopeless poverty in the humber walks
Of life. The gold and silver nation
like France can exhibit no such in
dividual fortunes as abound in Eng
land, but it has peasantry that with
their silver savings can pay war In
demnity that would have beggared
the gold bankers of London, and to
which the pleasantly of England
could not have contributed q pound
sterling in gold nor single shilling
in silver.
1.-The two metals had existed side
by side in harmonious, honorable
companionship as money ever since in
tallipapt trade was known among men.