Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-08-27

| can wage earnerS are without the wages
| they formerly had He says that IL they
| ARD ne continues, saysing, They cannot
| earn II they have no employment, and
when they do not earn the farmers home
| market is lessened and impaired Do they
| indorse that?
He says, Not open mints for the unlim-
| lted coinage of the silver of the world, but
open mills for the full and unrestricted
| TABOR of American workmen is needed,
and that protection will supply this want.
| DO they indorse that? He says, Our un-
rlvaied American market has greatly suf-
| Tered because of the changes by this ad-
| ministratfon in the tariff Do they incorse
| that? He says, 1t is not an increase In the
! volume OF money which is the need of the
| time, but an increase in the volume of
| business. Not an increase of coin, but an
| increase of confidence
| But we are informed by the papers of
| today and yesterday of the great business
failure in New York of Hilton. Hughes *
| Co. Mr. Gillian, member of the firm,
| made the statement yesterday to New
York reporters that the firm had been do
ing good business, but he said, if one
| had $1,000000 in government bonds he
could not raise $500 900 or $500. 900 on them
! at this time, owing to the stringency in
| the money market And this comes from
| the headquarters of gold monometalism in
| the United States, where all is happiness,
| prosperity and contentment, and where
| they don't need more money, but need more
| confidence
| toeiidtoT SteWdrl, IN the absence OF VICE
Chairman Stevens, gave the silver party
| view of the letter. He said:
| Mcklnleys letter of acceptance is a
| bCngling restatement of the platitudes of
those who are opposed to an independent
| financial policy for the United States and
| in favor of the English gold standard and
| tie benign bank rule we now enjoy
If ii be true that the silver dollars under
free coinage will be worth no more than
| silver bullion now is how viii the miner
| be benefited 10y exchanging 53 cents worth
| OF silver for 53-cent dollar This old alb
surdity has been exploded a thousand
! times, but the candidate is compelled to
reiterate = because it is the doctrine of
| his managers.
| 1T is humiliating that a candidate
should be compelled to make a false state
ment with regard to the statutes of the
United States. l call attention to the fol-
| lowing assertion of Mr.. Mckinley to show
| the necessity under which he labors to bol-
ster up false theory. He says: The gov
ernment having issued and circulated the
silver dollar, it must honor and protect the
holder from loss. This obligation ii has
SO far sacredly kept. Not only is there
| moral obligation, but there is legal OBJ
legation expressed in public statutes to
maintain the parity
According to the statute every silver
dollar coined by the United States is le-
gal tender dollar redeemable In debts and
| taxes nothing else. The silver certificates
issued on the deposit of silver dollars are
ali redeemable i'm silver dollars, nothing
else. There is no obligation expressed or
implied, TO protect the holder of silver GER
tificates or silver dollars other than by sill
YER dollars any more than there is to pro-
tect the holder of gold certifica ieS or gold
collars other than by gold dollars. The
| statutes of the United States and the con-
tlact with government creditors make all
government obligations, except COLA GER
tificates, payable in either gold silver at
the option of the government and there is
no sacred obligation the part of any
government officer to surrender that option
n doh fnr ntlIS 1In .
candidate who holds it to he a sacred duty
to discriminate between the legal tender
coins of the United States for the purpose
| of aiding gold gamblers to get UP bond
deals and rob the government must be
blinded by partisan zeal or bound by par
| tisan or financial obligations.
Mr.. Mckinley says: 1t free coinage,
would drive ct least five hundred millions
| of gold dollars, which we now have, per-
manently from the trade of the country
and greatly decrease our per capita circu-
lation.' Such a statement would be too alb
surd for office if it did lot come from a
candidate for the presidency. There is not
more than five hundred millions of gold in
the country, and We doubt very much If
the amount exceeds four hundred millions.
but, according to Mr.. Mckinley, it would
all De driven out of the country and con-
tract the volume of our circulation nearly
five hundred millions. If that should take
place, does anybody doubt that money
would he very scarce and very dear, and
that any kind of dollars in this country
would be worth more than dollars in any
other country. because the people would
still be compelled to have money to pay
debts and taxes or go into bankruptcy.
Still, Mr.. Mckinley insists that free coin
age would make money cheap. He con-
tends that it would drive gold out of the
country and contract the currency five
hundred millions, and contends that ii
would ruin the producers with cheap mon
ey. He says that no one suffers as much
from cheap money the farmers and la
n fee1 laI
effects and the last to recover from it,
How could the farmers and laborers suf-
fer from cheap money IL free coinage pro-
duced five hundred millions of contraction
and made money so dear they couldn't get
it? Perhaps the candidate has had no OBJ
ject lesson in his own case which reveals
to him the fact that when money is scarce
and dear business men Suffer and some
times become bankrupts, and that 1t is not
always cheap money that ruins the debtor.
"It is only when the candidate reaches
the realm of force bills and imperial power
that he shines out in all the splendor of
despotic glory. He says: We meet the
sudden, dangerous and revolutionary as
sault upon law and order and upon those
to whom is confided by the Constitution.
the laws. the authority 10 uphold and
maintain them, which our opponents have
made with the same courage that We have
faced every emergency since our organiZa-
ton as a party, more than forty years ago.
Government by law must first be assured:
everything else can wait. The spirit Of
lawlessness must be eXtinguished by the
fires of an unselfish and lofty patriotism
THE assumption by the republican can
didate that the country is In a state of
anarchy which must he suppressed is
slander upon the American people. but II
is In harmony with the force bill which he
advocated and the use of the federal army
to do police duty in the states, which is the
pet idea of every goldite who would submit
the financia' government Of this country to
the nonarchs of the old world and enforce
he m
bayoret here as in the despotic govern
ments on the other side of the Atlantic.
The people of the United States love their
government and are loyal to it. They are
not anarchists. but patriots. and their
struggle to rescue the administration CT
the government from the grasp of gold
monopoly is proof of patriotism, and not of
anarchy. Mr. Mckinley forgets that ne
represents the anarchists of wealth. who
have robbed the people of the United States
of the equal and just laws framed by the
fathers cf the republic for the benefit of
ALL"
The Letter to BE Printed.