White Oaks eagle. (White Oaks, N.M.) 189?-190?, 1896-10-01

alone, while the producing classes have
lost over half billion OF dollars upon
their produce. as silver regulates the
price OF produce, the world over, as an
ounce of silver will buy as much wheat,
cotton, corn or wool, today, as it ever
did.
Now, there is no doubt but that the
United States can open her mints to the
free and unlimited coinage OF silver at a
ratio Of 16 to /, and MAINTAIN it's parity,
as statistics show that more than seven
tenths of all the silver produced in the
world comes from the American CONT
nent. The United States is the great
commercial nation on the western hem
isphere in which the silver Of the world
is produced, and can, by legislation.
successfully maintain the old standard
and she herself dictate the price of
silver to the rest OF the world.
To the tariff policy of the st. Louis
platform 1 can heartily subscribe. |
have advocated it for many years but
do not believe that protective tariff,
with gold standard, can be successfully
maintained.
Two years ago when I was elected a
member of your committee, at Socorro,
New Mexico, the republican party OF
this territory championed the free and
| aA af oil M ha IN
of l6 to l, without the cooperation OF
any nation or nations, and called upon
all opponents Of silver to point
out any good that had come to this
country, or the world at large, by the
demonetization of silver. The following
is an exact copy of the resolution, as
embodied in the republican platform,
and unanimously adopted by the repub
licans Of New Mexico, at Socorro, in
1894:
REPUBLICAN MONEY PLANK, 1894.
I'VE affirm that the demonstration of
silver has not only reduced the value of
that metal, but by increasing the pur-
chasing power of gold, has correspond
ingly depressed the value of all pro.
ducts and commodities and increased
the burden of all debts, thus crushing
the agricultural and other producing
classes, as we'll as the silver mines OF
the country, and no permanent return
Of general prosperity can be expected
until bi-metallism is re. established by
the free and unlimited coinage of gold
and silver as it existed from the founda-
tion Of the government to the year 1873,
at the ratio OF 16 to l, which we insist
shall be uone without waiting for the
corporation of any nation or nations,
and we call upon all opponents of silver
to point to any good that has come to
this country or the world at large, by
, demonetizing silver.
"We arraign Grover Cleveland as the
arch-eIemy of silver coinage and the
chief supporter in this country of the
mono metallic creditor class OF Europe;
= for the corrupt use OF the executive
, power and patronage in coercing the
, action of congress on the repeal OF the
Sherman purchase act, and for the veto
Of the bill to coin the government silver
now lying useless in the treasury, aud
we charge that the democratic party
while having supreme power in the gov
|
whatever favorable to silver coinage OF
to the lessening OF the burdens OF the
people,"
: On the above declaration of princi
> plies we carried the territory for the re
: publican party and its congressional
nominee in 1894.
To depart from these principles meanl
sure defeat for the republican party il
u New Mexico in 1896; not only in thii
v coming election, but probably for man,
y to come. Feeling as do, that the finan
=. cial policy Of the American government
is paramount to all other questions a
Z this time, l feel it my duty to withdraw
Il from your committee in loyalty to m,
= own opinions, and that may not com,
u in conflict with some of the republican
J, leaders in New Mexico, who seem de
y termned to endorse II single gold stand
. ard platform at the coming territoria
convention aud bring sure defeat to tn
: party. Very truly. yours,
- GEO. w. HARTMAN.
4 |
SHERMAN AT HELENA.