Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1896-08-20
FACTS FOR SERIOUS VOTERS.


the name of Democrat and Republican.
That would be true Union party. posi-
tion which neither of the other parties has
been able TO take. II has not been their
fault. They have been controlled by che
logic Of events and by the existence of
what may rightly be called factions in
both parties. the most dangerous faction
having been the advocates of protection
TO the silver mines by means of forced
circulation Of silver coin without regard
TO its intrinsic or bullion value. Another
faction as il may rightly be called. has
consisted of the few men who have forced
protective duties upon wool. Other diris-
ions have existed which might not be
rightly named factions.
Another difficulty has heretofore pre-
vented a union of right-minded men Of
late ranged under both these old nssles. A
true grievance has existed in many parts
OF the country under the legislation for
putting prohibitive tax upon bank note
circulation. Among intelligent men who
are conversant with the conduct of bank
ing there has been no party division upon
this matter. The merits of the national
bank act have been witnessed by men of
both parties without any distinction, but
the necessity for an adjustment of the
banking system TO the present conditions
Of peace has been also witnessed by men
without distinction of party in all sections
of the country. In fact. the most urgent
| demand for repeal of the tax on bank
notes originated in the East and the reso-
luton TO that effect which was put into
| the Democratic platform at the last cleo
| ton. was put there at the instance of a
/ prominent eastern Democrat: but on the
other hand. partisans who care more for
I party success than for the general welfare
/ of the country, have made use of the
/ .,blnod-stained greenhack" as a party cry
! and without any true comprehension Of
/ the subject they have exercised a bad
| influence in retarding a reform in bank
\ ing. u F4
Again: The Mckinley Tariff bill was
/ forced upon many. perhaps majority, Of
those In whose interest it was assumed
| TO have been made against their judg-
meht. and on strictly party grounds.
| Among men who are entitled TO repute
in both parties and who do not take part
| in the partisan management of either, the
large majority both of those who have
been classed as Republicans and Demo
Gratis would rejoice TO see the question of
the tariff, of the standard. or unit of value
| the banking system and the whole revenue
question taken out from party politics for
| such adjustment as may be consistent
1 with right and justice. That opportunity
has now come. The facts are known,
The influences which have prevented
either of the former parties from taking
right action have lately been thrown off
The Republicans have rejected the silver
faction. The true Democrats have re.
fused to he governed by the Populist fac
ton. knowing It 10 he but faction in
point Of number among the people, al
though by various ways and methods il
had attained the control Of party conven
ton. Where there is a will there is O
way, and the time is ripe for the unior
Of the right minded men which is now
working itself out.
Some of these plain facts may well BIZ
restated in plain and simple manner
and as the present series of letters give:
the writer an opportunity to present then
throughout the country, he will venture
10 give very short and summary state
ment of facts by which the future polio,
of this country must and will be governed
in spite of partisans or Populists. Th'
forces of misrule are noisy, aggressive
and sometimes dangerous but they hav'
never yet touched a vital spot in the lift
Of this nation. and they never will.
In respect to the supply of money tn,
purchases and sales Of food, fuel, shelte
and clothing which are necessary to tn,
continued existence OF the people amour
to not less than 500. 000,00O a day. Tha
J computation is based on three exchange
only from the field, the forest and tn
mine to the consumer, and at that amour
each consumer would get less than wha
half dollar day will buy at retail
prices. When that fact Is comprehende,
il will be apparent TO every one that none.
in the sense of coin depends more upol
its quality than its quantity. BY far tn
greater part of this trade. 10 10 % pc
cent Of the whole is conducted by mean
of notes. draft, checks or book accounts
All these rest for their ready acceptanc
in liquidation of all debts upon the qualit
Of the standard coin and not upon tn
quantity. A rich nation will always sun
ply itself with all the coin il needs of til
best kind il the people are left free in thei
action and in their choice of what kin
. of money they want Bad money Of lega
tender forces good money out of circula
ton and destroys credit.
The greater part of this work and o
this exchange must go on in any even
else people would starve and 90 naked
So far MS | can measure, less than 10 pc
cent Of each years product can be. save
> above the mere support of life. The ac
ual cost Of living comes to 90 per cent Q
!, the entire product and that 30 per cent q
trade must 90 on. 1t cannot stop be tn
!. money good or bad. People will trade i
some way TO support life and if they car
: not get good money they will trade wit
bad money or by barter.
The evil effect Of any attack upon tn
j quality of the moncyo of redemption. or of tn
i coin which is the standard or unit of valu
is in stopping constructive enterprise ha'
4 ing reference to future wants,-stoppin
the building Of new railroads, new mill
4 new works and new warehouses.
a Now the older sections of the countr
! naturally possess the largest amount {
capital. The newer sections of the coul
try need it most When the quality of Il
money of final redemption is undoubte
Q the owners of capital in one part of Il
4 country have no hesitation either in lem
i ing II or investing it in the younger par
i, or the less settled parts; but when thel
}. is doubt Of the quality of the none
l. which they may recover, of course the
l. stop their lending and stop their inves
4, ments. They will keep their capital id
:, or lend it ut home on bonds payable
II gold for 3 per cent net, more or less, wht
II the people in the younger States whit
lie need il most cannot borrow at all.