The morning times., 1896-10-12
IRELAND FOR M'K|NLEY
Continued From First Page.

law, and responsive to the passing wlims
Uf political parties.
Worse, to my mind than all this, is the
spirit OF socialism that permeates the whole
movement which las Issued from the CON
vention at Chicago. 1t is the 'interna-
tionar' Of Europe, now taking body IN
America. Of this one cannot but be
convinced When the movement is closely
observed, the shibboleth of its adhcrcnts
listened TO, the discourses or its orators
careIuIyexamined. The araraiust class
against the property holder. No other
meaning than this can he given To the
appeals to the common people, to the
'iaDorer,' to The poor u nj dow n-Irodtien"
and to The dennnciations against pluto
Gratis and Corporations" and money
grabbers'' and ''bankers."
HANGERS OF A COMMUNE.
Many adherents of the government do
not perceive its full meaning: but let then
beware; they are lighting torches which.
borne IN hands OF reckless men, may light
up IN this country the lurid Tires or Il
commune. America, heretofore, mas been
Tree from sociiaistic hatred and warfare,
IL has been a country OF opport uniticS for
all men, 1t has glven to the labUEers
IL livelihood higher ana better than is al
iorded him III any other country OF the
world.
Is this all to be changed? Is social
chaos, gloatiug over ruins, TO be a method
of the social elevation OF the masses?
There may be room III some things for peace
full amelioration through weil-informed
public opinion aud orderly Legislation; but
class haired and angry passion never led
To aught, but general misery and suffering.
The people or America must To-Day lOok
Warliy around and guard against catch
words and misleading war cries. avoid
giving any cuuntelance To socialistic ten
uencies and know that the first condition
OF prosperity To any and all classes for
the people is a peaceful cUnmonW ealth and
assured social order.
The monetary question. indeed, is only
secondary ISSUE in the campaign. Ihave,
however, my convictions in tns matter.
The free aud Unlimited coinage OF silver
dollars ut ratio Of i6 to 1, by the
United States, Independently OF other great
commercial Datiuns, into dollars which
shall lie mace legal tender will disturb
the whole business OF the country and
bring upon it a financial depression far
beyond anything which we are now eX
periencing.
COINAGE OF SILVER.
The question before the people Of Ameri
this country, inucpe ndentiy OF great Com
mercial nations OF the wI,rlu at the ratio
Of l6 to l. This ratio Is the double of
the present cCIumeIcial value OF silver.
The consequences OF unlimited coinage in
these circumstances are easily proved.
The one hope OF the silver party is that
under free coinage We VIII raise the value
of silver to Sl.2S an ounce, measured in
gold" On What authority is this SAID?
On that of the mere Nord OF the men That
make the assertion. The experience OF
our own country contradicts the assertion.
The purchasing OF $5UU00,OU0 worth of
bullion under the Sherman act, was not
able to prevent the fall in the value of
silver from over "A dollar an ounce TO It's
| present low value.
The boast that the United States is
able all alone TO whip England and the
rest of the world INTO the coinage of
silver ut 16 TO /, or to force the value
of silver up. to Sl.29 an ounce. is mere
| nonsense. We are q great people, indeed,
| but we have not yet grown to that com
| mercial strength that our country means
| the commercial world. our national pride
may givc us extraordinary dreams OF our
| Importance, but il viii not co to build
| the business OF the country upon those
dreams.
| government gives value TO piece OF metal;
/ IL merely Ccrtifies to the quality and guam
| tity. otherwise the government stamp
| might as well be affixed to copper or TO
| mere paper.
| Therefore, with the passa Ge Of free coin
| age, we shall have Il currency rejected at
its normal value in the commercial ma rkets
| of the world, unstable and fluctuating IN
real value. Business cannot prosper with
| such a currency. The first condition of
| life of business is stability of currency.
| None will invest none Y OF Il certain value
| today in commerce and industry If, by
| the time the raw material has been turned
| into marketable wares the currency is
| likely to have changed in value. Busi-
| ness in all branches would become specu.
| lation, u gamble and conservative capital
| would keep out of sight. No loans would
| be made. -.
| put it's elf into the American market,
| whether the capital he American or
| European. We should not be deludcd by
| words We may ciamor in vain for capital
| 1t will not come to us unless there be
| security for it, 1t will remain in the
| vaults of safety or go to other parts OF
| the world where reward is small, but
| certain And without capital there would
| he no enterprises, and No work for the
people.
LABORERS WOULD SUFFER.
1 am absolutely convinced that the Ia.
| boriug classes will suffer the most OF all
| from free silver coinage. And yet the la
| boring classes are those that are the most
| urgently appealed to in this free silver
movement. A man who talks against free
silver is put down at once as an enemy OF
the common people," Well, for my part.
| am willing To be called an enenIy of the
| if / am in reality advising for their good
| and serving their true interests Those
| above all others in the land who should to-
| day be on their guard against the silver
| movement are the laborers of America.
But will not the farmers be benefited
| Will they hot receive higher price fol
| their products? May be higher price
but not higher value. OF what use is II
| 10 have "a cellar instead of a half-dollar,
| If the dollar can purchase no more thar
the half-dollar? and why farmers receiv,
| even nGmiBally much hlSner price tG;if
they do now?
The hest market of the farmers product
is his own country: and if his own country
is impoverished, II factories are closed, II
laborerS in cities are pcnniless, the farmer
| will receive but little for his harvest.