Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-09-23
NATIONAL POLITICS.
A REPUBLICAN ON MONEY.

Now York. H. X. Thurber, of New
York, senior partner of the firm of h. z
Thurber d Bro, the largest wholesale
grocery house in America, has for years
been one of the chief props of the Re
publican organization in the Empire
state. But Mr.. Thurber can not stand
Mark Hanna and his syndicate politics
and has come out boldly for Bryan and
free coinage. He is just now circulating
broadcast among the merchants, farmers
and workingmen OF the east a circular
reading as follows:
"The question comes right now to us
whether we shall have bimetallic our
rency or the single standard of gold az
the only redemption money. On this
point there is great difference of opinion
and many good, honest, thoughtful Amer
leans take different sides.
(which is right? Which policy is the
better for the greatest number OF our
people?
"On the one side are ranged the money
classes, the men whose wealth is invested
in bonds and mortgages and other evi
dences of indebtedness; and they claim
that if We have free coinage of silver that
they will be paid in what they call '5O.oent
dollars They say that is dishonest and
wrong.
"The people on the other side say that
silver at ratio of about 151a to l has
been used as money from the time that
civilization began down to 1847, when
England became creditor nation; and
that she has ever since that time been
trying to force the commercial nations OF
the world on gold basis, that would
reduce the amount of redemption money
about one-half, that would reduce the
price of all property other than gold and
evidences of Indebtedness that would be
payable in gold if there was no other legal
tender money.
"a single gold basis would injure and
in many cases ruin financially the pro-
grsssive men of our country, and would
be detrimental to the interests of tens of
thousands of the poor classes, while it
would enrich only comparatively few.
eve say that it is dishonest and wrong
when we have invested our earnings in
property other than gold on bimetallic
basis that by law gold should be made
the only legal tender money, thus re-
ducing the redemption money one.half in
amount.
ITO do that would inevitably take a
large portion of the whole of our pro- perty
away from Us and put it In the hands of
those already wealthy.
"We say that gold monometallism can
have but one effect, and that is to make
the rich richer and the poor poorer; that
we do not want the same state of things
here that exists in Europe, and that gold
monometallism will 90 very far to bring
around that state of affairs.
"The single gold standard advocates, in
order to succeed, must carry with them a
large number of voters whose best inter.
est is to have blmetallism, and hence the
cries of '5O-cent dollars! sound money!
echoed ard re-eohoed ih the papers con-
trolled by the money classes.
"Friends, did you ever stop to think,
first, that every man who is living on the
interest of his money is in favor of a
single standard of golds and, second, that
it is not because they love the masses of
the people better than they do their own
financial welfare?
ri am and have been since the founda-
tion of the party Republican and favor
q protective tariff; but in this election
shall do all I can to assist in the election
of the Democratic nominee for president.
I believe this country is in no condition
at the present time to be forced on to a
permanent gold basis.
"We all know that we have been passing
through troublous times. I believe that
the great reason is that we have been
tending toward gold monometallism; that
if this country votes for the free coinage
of silver we Willis see an entirely different
state of things come to pass; that our
property will rise in value; that our
products will bring more money; that the
financial pail that gold monometallism
has thrown over us SO long will be i'm.
mediately removed.
II urge my friends to examine this sub
iect, and if they believe as believe to
vote and work for the election of Bryan
and Sewall.
"Yours for free coinage of silver,
"H. K. THURBER."