New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1896-07-08

| $ sts,iila rd money Iln 1904 tlas Repub-
llican party OF Minnesota ailirmed its
belief Gin bimetall linn md lit the
storation 81 SILVER s nltimate money 10:
Tie currency of The .iorld siis| absolutely
necessary for business pfosperiity proper.
lrate Of wages and The welfare 81 the peo-.
ple. " Nearly every Republican state
iconvention IL 1894 condemned, either.
IN 81 press terms o. 81 implication, the
single gold standard. James G.. Blaine.
we'll expressed tile Belief OF the Repub-
llican party when he declared q believe
the struggle now going on N this conn
TRY and in other countries for single
gold STANDARD, gould If successful pros
duee widespread disaster in and trough
out the commercial world.
The destruction Of silver as money
aud ablishing gold as the sole unit 81
value must have a ruinous effect on all
forms Of property except those invest
Iments which yield q fixed return in mon
ley. These would be enormously en-.
Inanced in value, and would gain a dis
Iproportionate and unfair advantage over
every other species Of property #, as
the most reliable statistics affirm, there
are nearly 81, OOO, 0OO, 900 Of coin or bull
lion il the world, not very unequally di-
yided between gold and silver, it's inn
possible to strike silver out Of existence
as money without results which will
prove distressing to millions and utterly.
disastrous to tens Of thousands.
q believe gold and silver coin to be
the money Of the constitution; indeed,
the money of the American people, an
terror to the constitution which the great
organic lay recognized as quite indie
pendent Of its existence. &c.. .s&#.
The action of the National Republican
convention atSt. Louis has repuJiased
this fundamental doctrine Of our party.
The single gold standard has been en-
dorsed, in connection with the PROPOSE
ton basis or ratio is not to be permitted
without the consent of foreign despotic
and aristocratic powers first obtained.
The Republican party no longer stands
for both gold and silver as primary mon
ey hut for gold only. We cannot accept
the new faith, and we will hold stead
fastlY to the old. The policy of gold
monometallism means prolonged and in
tensified depression; an endless and hope
less era of falling prices for our farmers
and other producers; continued uncer-
tainty of employment for our working
men, with lessening wages following the
fall in prices. of the products Of labor !;
encouragement of all enterprise and
in the end universal bankruptcy and the
gravitation Of all money brokers'. It
means the obliteration of the great middle
class, the. yeomanry of the nation, and
the division of the people into the very
rich and the very poor. Those Repub-
licans who believe in the use of both
gold and silver as the money of ultimate
payment, and their free coinage in our
minis, must either submit il, silence, or
lspeak out boldly In condemnation of this
policy so disasti GUS to the people. On
matters of vital principle no man can
reasonably be asked to submit to party
dictation. Every man who places eoun-
try above party, and whose sympathies
are with the producers as against the
money brokers and bondholders, owes q
duty to his conscience and to his coun-
try which can only be discharged by
lputting forth every effort in his powel
that the blight Of the single gold stand
ard may not he fastened upon this peo-
pie.
I The address is signed by such leading
Republicans as John Lind, Chas. A
ITowne, Gen. Sanborn, Sen. Dan Morgan
! 1t. Gov. Day, John Day Smith. Attor.
pey Frank Nye, Hon. H. E. Hoard, Sen.
Howard, r. D, Munger, D. G. Cash, j
II. Friggs, 81. 9. Stocker, S. Il. Moer
James r. Bennett and Clinton Markell.
People should pay no attention to tile
announcements Of the gold press that
lJohn Lind will not accept the nomination
OF the people Of this state for governor.
He is not a candidate. That is true That
is all the better. That is one reason why
the people want him. Office seekers are
mot wanted this year. The Lord knows