The Portland daily press., 1896-09-03
CURRENT COMMENT.
THE VERMONT ELECTION.
Boston Herald.

(Boston Herald
Vermont has fired her first gun in tn,
| fall campaign, and its echoes will rol
throughout the country. carrying to al
honest money men an emphatic assur
anoe of victory in the pending presiden
| tial contest.
(Springfeld Republican,
The fight in the nation at large Ia BIZ
no means as yet won. But yesterdays
victory will lnfuse new energy and hops
into the already confident ranks of the
supporters OF the national honor and
credit, and help nightly to prepare tn,
way for an overwhelming defeat of the
popooratic movement.
(Boston Journal.)
AS the first popular verdict on the is
| sues OF the campaign, this Vermont cleo
| tlon possesses extraordinary Significance,
| which is heightened by the extraordi
nary nature of the victory. There could
| be no morespowerful stimulus to droop
| ing business, no better steadier of public
| confidence, than this demonstration &c
the country and the world of the iutelli
gence. the firm balance and the keen
| moral perceptions of the American PEG.
pie.
1870 HA1NO UOOAA OON NIL " ..
ID. Cady Eaton in New Haven Journal
and Courier.)
One of the boldest mendacities of the
silverites Is that silver is American ;
4 gold, English; that silver stands for
American Independence of foreign finan-
cial rule; gold, for the subjugation of
American finances to Englishbbankers
and their Wall street hirelings. Nothing
could be moro opposed to fact. Should
the free coinage Of silver become law,
the first effect would be the disappear
ance of gold from circulation; for no one
would pay out gold dollar worth 100
cents when silver dollar worth but So
cents suficed for the bargain. AS silver
dollars increased In number gold would
be sold and leave the country for other
countries where it Is recognized aud used
as coins. England, the richest of nations,
would get the most of it. The addition
of the gold of America to her own sup
ply would fortify her position as mistress
of the exchanges of the civilized world;
for all exchanges are, and must contin-
ue to be, in gold so long as the gold ma
tions have the controlling wealth. The
addition OF the American gold would
virtually give England ''corner'' in
the metal. She would be enabled to fix
the price to the United States, to Mexico,
and to the silver republics OF South
America, just az she has already fixed
the price to India, to Egypt, and to her
other dependencies.
In adopting silver the United States
surrenders its financial self into the
hands of England. So long as the United
States maintains the gold standard, SO
long it preserves financial Independence
and financial standing and power among
the commercial powerssof Christendom.
Surrender gold, and the country forth
with becomes the slave of the gold oout,-
tries; for gold will continue to rule in
spite of the declarations of the silver
howlists. Free silver, therefore, does not
mean financial independence, but, on the
contrary. the surrender of financial indie
pendence and the voluntary acceptance
oftfnanoial servitude. The actual value
Of the silver dollar would be controlled,
and changed at will, by England acting
as the agentsof the gold countries.