Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-08-01

vent for the future the destruction OF
the iesai tender quality of any kind OF
money py private contract. We hold
that the power to control and regulate
q paper currency IL i~nseparabe from the
power to coin money! ana hehee. that
all currency INTENDED TO circulate as
money should be Issued and It's volume
controlled by the general government
only and should be d legal tender.
We are uhalterably opposed TO the
issue by the United States of interest
bearing bonds in time Of peace, and wa
denounce as a blunder, worse than a
crime, the present treasury policy con,
Cured In by 4 republican house OF
plunging the country into debt by hun,
dreds OF millions in the vain attempt ia
maintain the gold standard by borrow,
Ing gold; and we demand the payment
Or all coin obligations of the United
states, as provided by existing laws, In
either gold or silver coin. at the option
or the government. n not at the OPP
ton OF the creditor. The decentralization
of silver In 1873 enormously increased
the demand for gold. enhancing It's pur-
chasing power and lowering all prices
measured by that standard; and since
that unjust and indefenslble act the
prices Of American products have
fallen upon an average nearly
so percent. carrying down with
them proportlonately the money value
of oil other forms of property. Such fall
OF prices has destroyed the profits of
legitimate industry, injurlng the pro-
dhcef for the benefit of the n~onproduce'
Increasing the burden of the debtor
swelling the gains of the creditor, paral-
yzing the productive energies of the
American people. RELOCATING to idleness
vast numbers of willing workers. send
ing the shadows of despair into the
home of the honest toiler, filling the land
with tramps and paupers. and building
up colossal fortunes at the money cen,
ters.
In the effort to maintain the gold
standard. the country has within the
last two years, In n time OF profound
peace and plenty. been loaded down
with s2e2, 900. 900 OF additional interest
bearing debt under such circumstances
as to allow a syndicate OF native and
foreign bankers to realize a net profit
of millions on a. single deal.
1t stands confessed that the gold
standard al only be upheld by so de-
pleting III paper currency as TO force
the prices of our products bSow the Eu'
ropean and eve below the Asiatic level,
thus aggravating the very evils OF
which our people so bitterly complain,
degrading American labor and striking
at the foundations of our civilization it.
self.
The advocates of the gold standard
persistently claim hat the real aus
of our distress is OBSERVATION-DISCLOSURES
we have produced so much that it made
us ~poor-which implies hat the true
remedy is to close the factory, abandon
the farm and throw a multitude of peo.
pie out of employment; a doctrine tina;
and absolutely without hope for the
future.
We affirm Il to be unquestioned hat
there a be no such economic paradox
as overproduction, and at the same tlmo
tens Of thousands OF our fellow citizens
ICIIldsilhiB Ddll Slollto diio "a iNuo liiN
who are p~iteously clamorlng for the
common necessities of life.
Over and above all other questions OF
policy, we are in favor of restoring to the
people OF the United States the time hon.
ored money of the constitution-gold and
silver, not one but both-the money OF
Washington and Hamilton, and Jefferson
and Monroe, and jackson and Lincoln, to
the end that the American people may re.
ceive honest pay for an honest product;
that the American debtor may pay his
just obligations in an honest standard and
not in a dishonest and unsound standard
appreciated 100 per cent in purchasing
power. and no appreciation in debt-payinG
power, and TO the ned, further, that sill.
yer standard countries may be deprived OF
the unjust advantage which they now en-
JOY. In the difference In exchange between
gold and silver, an advantage which tarif
legislation cannot overcome.
We, therefore confidently appeal to
the people of the United States to hold
In allegiance all other questions, however
important and ever momentous they
may appear. to sunder, If need, be all
former party ties, and affiliations, and
unite in one supreme effort to free them
selves and their children from the DOM
ination of the money power--a power
more destructive than any which has
ever been fastened upon the civilized
men of n race or in any age. And
upon the contamination of ourdeslres and
efforts, we evoke the aid of all patriotic
American citizens and the gracious IA
vor of divine providence.
n-..u- u.l c.-.
st. Louis. Mo-, July 25.-The national
silver convention nominated Bryan and
Sewall by reclamation last night.
The convention then adjourned sinq
die.