Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-08-26


confidence merely upon the merits of its
candidates, but upon the soundnes. of its
PUBLIC policy, its measures and its aims
1t Is the distinguishing feature of our
republican government that every question
AFFECTING the people Of the United States
must ultimately be determined bv Them
at the ballot box. Every legal voter has
an equal voice in deciding il, however diff
hcult the problem may be II SO happcns
that at the coming presidential election
! there VIII be submitted TO your ind .,rner,t
TWO such questions. one of which is whetb-
tr any holder of silver bullion may de-
post IL at the minis OF the T-rtted States
and have II coined for his beneH tit and with
out cost TO him into silver dollars. each Of
the weight u 4121z grains OF standard
silver. nine-tenths fine. and NAV tender
tnem FOR any debt public or rrivat. ,rbc
ether question is whether in Ievyiny duties
or taxes on imported goods we should only,
consider the revenue required or whether
while raising the needed revenue W.. sho,,ld
seek also to protect and encourage do
Ih"stc Industries: the one is called -a,
'hue tarin and the other q protective
tarin. Both the silver and tariff are vital
questions OF domestic policy OF equal i'm,
portance. but l propose on this occasion
10 cohIine my remarks mainly TO what is
known as the free coinage of silver at ~
ratio OF lG parts OF silver to 1 of roId srs.i.
issue Is thrust upon us ny the democr,tIc
party, or rather by the populistic branch Of
/ the democratic party. Gold and siII,er
CONS are recognized by all commercial m =
tio1s OF the world as the best standards NJ
Ndiue' as the measure of every article NJ
! ces!re' OF everything that is bought or
sold. These two metals not only r,ea 60
an other Things. but they measure each
/ Olltr. lhelr relative value constan-T,,
endnkeS. Twenty-three years "a On 1c o,r,,,,,..
OF silver were worth more than -
OF gold. Now 81 ounces of silver ca, h..
DouEht Dy ounce Of gold This fiuctuation
CI NaIue cannot be prevented by law II
. Deyohd the reach OF legislation. II is
caused by the changing demands far srd
the increasing supply OF these r,et,1s -.
me mines. Both are necessary as r,,,,,,,.
| SILVER 20 supply the daily wants ~ Iiro 80
| tolu 20 measure the larger transactions 81
D,-,'"c7s. especially iu exchange with for
t.NIi nations How 20 maintain tt. be-. a..
OF the two metals at a fixed r,ti, Ia r'..-
pr ana AWAY VIII be a difiotl1t f-,.,,
h't only in The United States t,i,t i, 80.
civilized world " ''''
Pc was ono of the first ouestt--e 90. 90.
cupy the attention Of American Ell. 49,.
aII'r The adoption u tf. .gra.ft,,..,... -
p i'" "n' OF The most pressing .rt..
"'l- 'iHn lH r"arg u national r,,,.,,. Is.
'' ''.- .F'f an. zold were made tho cora
e.... 'i value Iu the United
.'.'- ai in" ratio Of Do 90 4. rfft fti. ......
u a'-' mat then he actual marie, ,.,i..,.
y. .' ounces ~ silver was orrfar to az.
.-i market value ~ i ounce az t..fr
g.. care "a~ taken 90 ascertain
tH. ratio ny Thomas J.T.r..- tt.,. @
rotary on state. and AT.xara.- Ir.,--.-'...
won GOO retary 0f tho tr.asur. -r.,.. .-'
Ni-1rH STATE. men. who ..a..+..,f
NI'n nearly aIl other ul.efg-s ..r $3.50.
-'.i To. in'n relative value ~ the fv-r
.'i-' ah1 mat both should boz csfr,r
IN ~ money ff that ratio
,n'i Hn' neither cold nor silver Wal.
I'tIH Iu any considerable. ..an+..,- DO. 49,
}. states Then f9rm.aa Tho .r..r. ,i.t 10Y
'.Ni2hary war had been Conducted v.rit
I"p'r money. which became Qrorfrf,g- ..t
the coins Of Spain. ENGLAND sr1 ,.t.,.
o'lHiri'+ had been made Iegaf tender
sn1 continued ~ for many Years aSt.. 49,.
ad9ption " tho constitution
H.H lhf new American coins wsra fs
fu'l u Was found that the abradrd and
W'Ih CONS 81 other countries filled fN,
rhAnnels ~ circulation. and the nov ara
brlEht dollars AZ the United gfstpq 49,.
exported This led 10 the lisc5nflnuspoe
!" ~. ~ president jefferson Of the coin
at' oI me silver dollar. and affsrfhsf date
none were coined for moro thai. 10 900.
HIs grdcr OF Jefferson 7 suppose. would
'c fail'O by our populate friends "+ro
crime % itPI' In the meantime France
aub Nthff countries adlufed the Ratio 80
- ounces n silver az tho rquItaIrut az
ounce ~ goid TO avoid thegf emilia
ISM chanesr England Boo 1916 adorfaI
tpi1 az The singlc standard On that conn
Wy arg silver as subsidiary coin
IN l'84. during the communicable, Of
president jackson ana under Inc iaaJsr-
rnlp 81 DanieI Webster and Thomas "
Benton. congress adopted the ratio a. tc
or silver 10 ~ gold. by reducing, fbc ,,,,,,
ber on grains ln The gold coin. A. siiyor
was thus slightly undervaIuod. IL vyss ~,
largely coined ""' ""'
Silver could be coined In France If tb.
ratio n i5iz % j. and the owner ~ ne
bullion could send it TO France and have
u converted into coin at that ratio. thus re-
ceiVing about per cent more for his b,,I-
non man u coined AZ the American ratio Of
10 70 =. Cold became the only American
colr in circulation. and the avoved mr.
pose Or the passage Of the law Of 1874 va -
10 make gold the standard. This was de-