New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-03
largest We have had in many years A Republican
caucus OF the members Of the senate had


peated the motion February D. Both of these
tariff bill was not 10 have any chance of
amendment. but that the plot OF the majority to
the free coinage of silver was to be inausurated
al once II possible, by stopping all further tariff
Whenever the Republican party shall be for
funate as to have presented for Its adoption any
or not worthy of National favor. the party will
not mourn to see II slide into oblivion but tho
party will spurn the success Of even a cardinal
measure II II is to degrade It's members by being
obtained contingently for an equal support OF any
ence no freeman. goes to his dinner
compulsion and no political party will be prone to
the mastery with It's highest honors
The National Republican platform Of 1892 in rea-
ton silver, though constructed, recently dis
closed. by the distinguished Senators from Colorado
ception only OF the best and most important part.
which provided for the preservation of the money
parity Of silver with gold. did not secure. as i will
Nevada for the Republican ticket But II the same
distinguished platform.builders should this year be
intrusted with full authority to give form and sub
stance to the financial part of the Republican plat
and a to se s Frame nd oe ct it
victory would be as plump and In Colorado
and Nevada would be Waterloo defeat In
other equally important States
NO DOUBT ABOUT THE REPUBLICAN PLAT
FORM.
AS there lave been already elected to the ST.
hundred soundmoney delegates, and less than one
hundred who favor the free coinage of silver with
out the cooperation OF any other Government, or
who want the pockets of the American people 10
jingle with silver money only. 1t is certain that
the platform of the Republican party in 1896 viii
place every dollar of our money in circulation on
parity with the best dollar of the world.
1t seldom happens that any member OF a political
party IS read out of the party TO which ne may
have attached himself Such parties are apt to be
tolerant of the vagaries of their friends. and
do rashly pursue technical heresies Occasional
y some VIII pni eondeTnr d2orce
from their party. and then they feel bound TO put put
forth some Se y of
growing members Of party. Ike the retention OF
loose teeth. is rarely possible and never very ser
viceabe.
The political ground under the Democratic party
appears dangerously volcano IN HGnsn n
venton at Chicago favors the free coinage OF tne
sentative an Eruption hardly less sublime IL ind-
Gated by the meteoric denuncatons poured out
to their Chicago convention Even a Democratic
President adhere to hs beng
'barked at by Tray. Blanche and Sweetheart OF
some Republicans of Colorado also afflicted with
the same epidemic have announced with telling
emphasis that # the Republican convention at 81.
Of silver Colorado would bolt heretofore and
Mr. Belford claims the State should secede 1cHho.
too IS training bolt which the trainers 90 not eA
pee; Will be as
Harrnles. as summer lightning
II does not vet appear however. whether these
boilers Will all cudde together IN one thunder1ap'
They are all OF age and have the right In Presi-
Dental to CO. bolt or burst as they Pleas DO
sound protective tarin. during the hopeless year.
O. The present Democrats nuGn or
might have been avered: but another adverse ana d
States hardly less potent than free-trade talin.
has been the unceas.nG agitation OF the free coinage
% silver and on ratio that would not fall to re-
duce the standard value OF our money. az well as
the whole fabric Of public and private erealt 20
half o: It's present value Parties most rcsper,
able numbers and ability as vel as paFl-' w,,
that reputation all yet 10 VIII naye sr sesng and
woful jeremiah. and 10 them nigh. Justly De I'm,
Aistrue, in many Industries which now hccloud even
Republican institution They saye disclosed IN, inc
| willing 10 pay debts In cheaper money Than what
they borrowed nor 70 obtain wealth by compelling
The hs s 10 isTs positions Sns
have ios,lcd and prodded all American securities
ers have been sending them home on canier
THE SILVER MEMS LOFTY ASSUMPTION.
There is a lofty imperial assumption among It's
ls- to-l STANDARD advocates that silver has mir
aculous dignity OF character as one OF the elect
money metals. and that It must not be ~ickediy
degraded by having IT'S value subjected 10 Criticism
| or TO the vulgar test OF commercial market
| Therefore any inquiry into ;he present stanaihg
! and character OF the white metal. even II not as
! white II should be, IL 10 be regarded a. "ortnF
| only Of wicked Pharisees and unclrcuncised sod-
The droll and weak backed contention appears 10
| be II the United States should alone open It's
that Il would at once be hosicd 10 us ancient iu,l-
| coinage value. and would not on.y increase .hr
| value Of the silver actually coined IN the lnitei
states but would hypnotic and increase the value OF
silver in all the markets OF the world Inc lhSul-
Is thar II f. proposed to have the American people
assume all OF the risk. loss and shame OF gHannc
1t is PROFESSIONALLY claimed BY leading support
ers Of the silver leto standard that rs consump-
! han o
manner however large except that Of free coinage
vain" and that even the purchase and coinage OF
silver is not equivalent OF bimetallism. Moth
intil the crack OF doom and giving TO the owners
al the difference between It's nominal and rs req.
yaue with no charge Of segn!oiage. II Is seriousy
urged VIII prove a wholesome tonic and restore
silver its former presgg ana stanqSrd
states may thus indefinitely initiate our currency
mints ever cease or be suspended the Treasury and
our people would find these dollars had suddenly
tumblel from their fiat value TO that OF the para
| lyiic class OF N-cent dollar
A BLESSING FOR SOMEBODY ELSE.
The increase of the annual silver product OF the
world since 1873 has been very great. that OF the
| United States alone being In 1894, In coinage va.ue
81 575 757 almost much as the SslsOo,o OF the
Whole world in 1873 Our present stock Of silver now
mainly In the Treasury. and a drug wherever pushed
as circulation 1924 100000 Is excessive and far beyond
| any legitimate demand No one boards or covets fol
himself stock OF dear-bought SILVER any more thar
he would nurse covet carbunces. but al prefe:
some other fellow" especially bond-holding gold
| bugs should exclusively enjoy the blessing
| III the President ends 1t a task OF some diff
| c;iy 10 sustain silver and silver certificates or
! a ry with gold, obviously unlimited Increase OF
| such currency would be perious.
| ~ the Government has been sadly overrea he'd
| financially by taking at A much too dear from
the Ipine-owners several hundred millions OF silver
| fnr which lis obligations exchanged. TO crcu-
isfe az money It appears to have only prompted the
mne-owners after silver has had further and pro-
fnunder slump TO shove a bigger Job upon the Gov
| eminent and people and the demand now made II
car The free and unlimited coinage OF all the silver
| million domestic foreign. which may be brought
| ~ orr minis For all this our paper obligations, IN
Tho shane of silver certificates 10 be exchanged
~ circulate as the chief part Of our paper money and
10 yecevab for customs taxes and al. public dues
a, me rate of 81 for 3 grains OF silver. at nearly
| twice the present va.ue H.. . -.