The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-08-27
MAJ. MKINLEY'S
ACCEPTANCE


Continued from First iagrl
, parity with gold and arc full lcsal ten.
! der Tor the payment of all debts, pub
Z lie and private How arc silver dollars
now in use different from those which
would be In use under free coinage
They are 10 be the same weight aaj
dneness. they arS to bear the SAME
stamp " the government Why would
they not be cf the same valuet l an
swer:
The silver dollars now In use wee
coined on account ot the government.
and not for private account or gain.
and the government has solemnly
agreed TO keep them as good as the
best dollars We have, The govern
mcnt bought the silver bullion at It's
market value and coined IT, Having eN-
elusive control or the miutagr, 1t only
coins what Il can hold az parity with
gold.
The proht. representing the dltycr-
ence between the commercial value NJ
silver bullion and the face value ~ the
! silver dollar goes to the government for
the benefit Of the people. The govern
ment bought the silver bullion con-
tanned In the silver dollar at very much
, less than the coinage velue. II paid
; IL out 70 its creditors and put Il In
circulation among the people AZ It's
face value OF 100 cents or a fu. .,..r.
II required the people On accept lt as
legal tender and is thus morally bound
20 maintain Il az a parity with gold.
which was then. as now the recognized
standard with US and the most en-
lightened nations ~ the world The
government having issued and cirvU-
lated the silver dollar. lt must in hon
or. protect the holder from Joss. This
obligation Il has so far sacrrdly kept
Not only is there q moral obligation
but there is o legal obligation expressed
n public statute 20 maintain the parity.
These dollars. In the particulars
have named. are not the same as dol
lars which would be issued under frce
coinage They would be the same IN
form. but different 10 value The gov
eminent would have no part tn tie
transaction. except to coin silver bull
lion into dollars. II would share In no
part OF the profit Il would take upon
itself no obligations. II would not
put the dollars into circulation. Il
could only get them as any citizen
would get them by giving somethl &
for them. II would deliver them 70
those who deposited the silver aand It's
connection with the transaction would
there end Such would be the frnS
silver dollars which would be issucc
under the free coinage ot silver a..
the ratio OF l6 to /. Who would then
maintain the parity? Who would keep
them at par with gold? There would
be no obligation resting upon the gov
ernment to do II and II there were.
IL would be powerless 10 do H. The
simple truth Is, we would be driven 90
a silver basis--to silver monometalliSm
These dollars, Therefore, would stand
upon their real value. I, the free and
unlimited coinage OF silver at the ratio
OF l6 ounces Of silver to one ounce Of
gold would. as some OF It's advocates
assert. make SO cents In silver worth
100 cents, and the silver dollar equal
to a gold dollar. then we would have
no cheaper money than now. and II
such would be the result Is against
reason and Is contradIcted by expert
ence at all times and in all lands. II
means the debasement Of our currency
to the amount OF the differnce between
the commercial and coin value OF the
silver dollar, which Is ever changing
and the effect would be to destroy
property values, further impoverish the
laborers and producers OF the countrv.
create a panic Of unparalleled severi y.
and infiict upon trade and commerce a
deadly blow. To any such policy am
opposed.
"Bimetallist cannot be secured by
action on our part. II can
not be obtained by opening our mirts
TO the unlimited coinage Of the silver Of
the world at ratio OF 16 ounces OF
silver to one ounce Of gold, when the
commercial rate is more than 30
ounces Of silver to one ounce Of gold
Mexico and China have triede the *
pertinent. Gold has been driven out -
circulation in these countries and they
are on a silver basis alone. Until inter-
national agreement Is had, It is the
plain duty Of the United States 70
maintain the gold standard
THE Republican party has not been.
and Is not now, opposed to the use Of
silver money, as its record abundantly
shows. It has done all that could be
done for its increased use, with safety
and honor, by the United States acting
apart from other governments. There
are those who think It has alrea "
gone beyond the limit Of financial pru-
dence. Surely we can go no further
and we must not permit false lights to
lure US acrosse the danger line.
"The Republican party has declared
in favor Of an international agreement,
and If elected president It will be my
duty to employ all proper means to
promote IT, The free coinage Of silver
in this country would defer, If not de-
feat international bimetallism, and
until an International agreement can
he had eYerv lnterest rennlrea na TO