The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-07-20
Not a Question of Trusts and Monopoly.

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! 1t is matter of regret that many sound money
Democrats supporting the free silver heresy on the
ground that it is better than policy of trusts and mo-
nopoly If sincere, they to be ptied TO abandon
an honest conviction and espouse cause that is
to result in bankruptcy and run is worse than
treason to home and country 1t involves the leading OF
the ignorant into seditious and destructive ways and
Will bring punishment to the innocent provided the
silver cause successful that neither time return
to financial peace and stability make adequate
attonement 1t shows political cowardice for which
there can neither be paliaon and every Dem
ocrat who deserts the sound money standard to train
with the free silver crowd is taking step that may
bring terrible consequences on the country.
The issue of the pending campaign is not one OF
trusts and monopoly. It is not question OF being
bossed by gold bugs and money kings 1t is not ques
on of high low tariff relief from corporate inhu
ences Important they are, these issues have dwin
died into nsgncance compared to the certainty OF an
of financial disaster and national disgrace, should
this attempt adopt silver standard The
suffered by the public and the burdens put
upon working people by the greed and tyranny OF corpo
rat1ons would be nothing compared to the period OF
trouble that would desoate the land under brief but
disastrous free silver experience To understand the
great change that would this country has
only to refer to the history of people that have
attempted conduct thei- affairs with debased cur
rency.
Compare the value of present silver dollars with
their purchasing power under free coinage Today they
good god because they interchangeable for
paper currency which is usually redeemabe in gold and
further because their quantity is fixed by act of
Congress Therefore silver dollar is equally valuable
with gold dollar in any store bank in the country
Free silver coinage would do away with the gold stand
ard under which operating and which makes
our silver money good gold 1t would place all
money silver basis and it to depreciate IL value
to the actual market price of silver measured by gold
beE vad IN hiS
the silver money would be used but its price would be
made in London where gold is the monetary standard
The bullion value of silver dollar is 50 cents
and unless its bullion value would appreciate money
would be debased to that Picture, in your mind
the financial upheava that must necessarily follow such
change in the value of money Imagine the desola
ton that would result from the closing of mills and
factories and the selling out by the sheriff of business
enterprises that could not weather the monetary storm
Surely we'll meaning people do not want their country
distracted by any such msfortunes, and certainly no
honest sound money Democrat will lay down his convic
tons to support financial policy that would bring such
ruin and distress
The only argument of silver advocates is that silver
would appreciate in value and be parity with gold
Alone and unaided and with every other great
country opposed financial policy it would be
absolutely impossible for provide for the surplus of
silver and it to rise parity with gold Such
a policy would the coming and placing in crcula-
ton than $500 600 900 of silver every year. and
not this great and magnificent country could long
endure such strain Our silver producers would
not only double their output in their eagerness be
benefited by free coinage but those of every silver produc
ing country would bring their bullion minis for
the same object As we'll think of catching cloud with
bird to imagine that could take of the
surplus silver and bring it to parity with gold It
could successfully done for any reasonable length
of time Then why distress the country by longer agi
tating free silver coinage?
MONTGOMERY