The representative., 1896-10-14
100 A Year, in Advance.
WHY JESSE GRANT BOLTS.
SON OF EX-PRESIDENT GIVES
HIS REASONS FOR JOIN
ING POPULISTS.
Expects to be Active in Politics and
Has His Eye on the United
States SenatOrship.

San Diego. Cal, Oct. Jesse r. Grant,
to the World correspondent today a letter
containing the reasons for his recent dec
laration that he had left the Republican
party to join the Populists
The letter is a fac-simile copy of the one
which was mailed today to Mr.. Grants
father-in-law, w. S, Chapman, of San
Francisco. 1t is as follows:
Dear Sir: My action in Hopping as tho
papers call It, was q surprise to YOU no
doubt. and also to many of my friends.
My reasons for this action are as follows:
Having lately had ASPIRATIONS to the
United States senate, had been in CONVEX
sation with friends and ac1uaintances as
to what chances had of success and what
course to pursue to attain that end.
II had been Republican for years but
when. the matter was brought thus seri-
ously before me it suddenly came upon me
that / was debarred from the Republican
party by reason of my convictions both up
on the silver question and the government
ownership of the railroads and telegraph
lines, and finding that the platform of the
Peoples Party came nearest to coincidiny
with my views the wiset course to be
occasion of recent convention of my
party to announce my allegiance TO it's
principles
"And though it is my intention from now
on to take a more active interest in politics,
do not that any importance attaches
to my action.
Il believe honestly in the great advantage
to this country of the free coinage of sill
IT docs rann1iaffop Of
our debts a, home abroad. We could
not pay our debts with both gold and silver
even if we had it. our mortgages being
equal to the enormous sum OF $l3. .O0O, 900, GOO.
"These debts will have to be paid in pro-
duce, and everything that will raise the
value of this WILL l believe, benefit all
classes.
"If we can double the price of silver
rupee. we can double the price of wheat
that comes in competition with our wheat,
and therefore double our wheat as to It's
debt paying capacity.
'The same argument holds good in the
silver peso of the Latin American coun-
tries, and the price of our meats and
live stock. Ut holds good, too, in the sill
yer rubIe and the price of Oil.
1T holds good in many years too numer-
Gus to mention. Instead of foreigners
purchasing the products of our silver mines
at the rate of about 20 cents per ounce
and with silver buying produce (sOme of
which comes in direct competition with our
productions), from South America and the
FOUR REP -..-..-.-..
Orient, they would lave to pay at the rate
Of 81 % per ounce.
'If, which Is not probable. the gold bugs
are right in their evil predictions, and our
money is worth only two shillngs on the
dollar-well, we would then have the most
perfect protective tariff ever had. and
excess of imports over exports would
either go up or the pound come down to the
same relative positions that they now occu-
py. JESSE r. GRANT"
Mr.. Grant in conversation with the
World correspondent said further:
Il have always been in favor of the free
coinage of silver. Guess l got it from my
father. 1 got it, anyhow, whether 1t IS
right or wrong, and the silver mines which
1 own hadn't anything to do with it.
either.
II am interested in silver mines in old
Mexico, but not nearly so extensively as I
am in gold mines. and ] wish l didn't have
anything to do with either.
why? Wei, Ill tell You. A mans q
fool that tries to produce anything. He'd
have much better sense If he followed the
business principle of today. and instead OF
trying to produce wealth, simply turned
his little stake into money and loaned IT to
some fellow on first class security at good
rate Of interest and in a little while he'd
be several points ahead of the game.
"But that's another story. The free
coinage of silver would inevitably mean
that the great silver producing countries of
the world would Immediately begin to pur-
chase Of U.s. and q big trade would before
long spring up between this nation on the
one hand and the South American States,
the Latin Union, and tie Orient Of Asia,
niln