The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-24

| country where it is borrowed. IT is
obtained to pay out A man never
borrcws money to keep. He borrows il
TO pay out. So does country.
Now ii is time to stop the building
UP of our credit by going deeper into
debt
The gold standard cannot be kept ur
by borrowing, and to attempt to keep
| 1t up in this way is criminal
Gold will stay in this country when
! it comes in the natural channels OF
trade.
This is proposition which no man
can attempt to dispute Now when
/ will gold come here of itself? When
it comes here knowing that it will buy
as much as in any other country To
do this prices must fall way below
what tfey are now We must go lower
than the level OF the European coun-
tries. The interest on what we owe;
the amount paid for carrying; the
amount spent by Americans abroad.
is immense. In view of this, can we
afford to make this sacrifice?
Suppose we keep our prices up. Say
we demand more than other countries.
What then? Why, they will demand
gold; and then we will ask for more
bonds.
OUR NATIONAL DEBT.
AL the close OIL TIE war we u odLcV q
debt on a coin basis, and the first
thing we do is to destroy one-half the
money which was interded to pay 1t
with; and yet we are asked to stick
together and save the party"
Now shall we change our industrial
situation and force down prices; a,ban-
don and destroy our industrial system,
and adopt that of the British?
We are now competing with nations
dollar
buys as much of home product as II
ever did while their products are sold
abroad for gold in competition with
our own.
TARIFF NO GOOD.
The Republican party says I'VE will
restore the Mckinley bill But they
will not raise prices. And suppose they
did. When our prices raise the pur-
chasing nations will buy elsewhere
cheaper than we can sell and will de-
mand of US the gold.
How will they save us by protection.
They admit that the farmer cannot be
assisted, but they may save some little
mandatory down in Rhode Island as
Senator Aldrich himself admitted
If YOU raise prices on farm products
how will you compete with Egyptian
cotton, Argentine meat and Indian
The 81 a day mechanic will not sell
much to a so cent a day farmer. The
debtor nation can maintain the gold
standard by forcing down prices and
making it harder to produce. Double
the amount of produce you sell and let
it go for the same dollar you used to
get for half as much and gold will stay
here.
No wonder the British press of New
owl &c IN -x Of al es4o Il o,.J
But can we do this and maintain our
industrial system? If we attempt it
we have seen the high water mark of
our civilization and from this time we
go back to reach in time the Asiatic
level.
DEPRECATED DOLLARS.
The gold standard men say we must
maintain it. Mr.. Cleveland is greatly
ciated. He doesn't consider how prop
erty may depreciate. A depreciation of
money means rise in prices.
AS | told Washington audience.
They did not want a deprecated dollar
up there. l asked them how many
bushels of wheat it cost to buy a dol
lar and was told four. When L suggest
ed that it might be a good thing to
have a dollar SO cheap that two bushels
would buy it, they saw the point. 1
can stand a deprecated dollar.
The Americans have agreed to pay
certain obligations in gold, and then
have done all they can to raise the
price of gold.
And now Republicans and Democrats
both get UP and say they must save the
party.
LIKES BEN TILLMAN.
ua 1;l1ad po,, r,;1l,,,o,, 1,ooa,,co -
clared he was going to Chicago with
his Democracy and would save it if he
had to walk out Cli the convention.
1t is not principle but party these
men are fighting for. Is there anything
in the gold standard catechism SAVIOR
ing of Lincoln. or can Democrats find
any of the teachings Of Jefferson and
Jackson in its teachings?
Is our cause worth fighting for? Or
shall we permit the car of Juggernaut
to roll over US?
We will have chance to fight There
may be a straddle, but we will meet
and silver on the other. They may
try to switch in the tariff, but it will
rot GO down.
Mckinley says he is a binetallist
SO is Sherman. Both believe in silver
as fractional currency redeemable in
gold
l saw something in the papers about
one of the senators from the west in
with this silver question.
If silver is the paramount issue let's
make it such. Don't make the tariff
paramount and silver secondary.
GET TOGETHER.
Get together If we can get the silver
men in one camp we are all right.
They have two captains, and we will
whip them one at a time. Don't at
-empt to carry everything. but unite ON
his one point.
Populists. silver Democrats and silver
are united on this point.
Let them take a Democrat and a Re
publican. the biggest they can find, and
he Populists will fall in, and we will
win.
We have decided to give the people
,hance and permit them to vote on
his issue.
There is going to be trouble at Chi
ago. There will be division at ST. |
louis. There will be two gold candi-
lates. The gold men will stand to-
,ether. Let the silver men do the same
Ind the fur will fly.
Let us unite on the point we agree
N: let the others go and nominate