Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1896-09-02

ana coinage value and encourage tie concur
TSnt u>e OF both sold and silver aS money.
Prior 10 that time there had been les Than
s.epoVo OF silver dollars coinCi IN the entire
nas.orS OF the United states. a period OF ~
years This eg.slation secures the largest use
oi silver consistent with financial safety and
sne pledge TO maintain its parity with gold. We
nave to-day more silver than gold. This has
oeen accomplished. at times with grave peril 10
the public credit
The so-calied sherman law sought 10 use all
r rne snNer product OF the United States for
money NJ its market value. From isql 10 1904
me government purchased 45I. 0)J ounce = OF
silver month. or 54.UOOUOO ounces a wear
This was one-third OF the product OF the world
ana practically NIL OF this country's product
~ was believed by those who then and now
favor free coinage that such use of silver would
advance its bullion value to its coinage value
but this expectation was not realized In a
few months. Notwithstanding the unprece-
dented market for the silver produced In the
United States the price OF silver went down
very rapidly, reaching a lower point than ever
before Then. upon the instrumentation OF
President Cleveland. both political parties
uni,eu IN the repeal OF the purchasing clause
1 OF the sherman law. We cannot with safety
engage In further experiments in this direc-
TIRE DOUBLE STANDARD
On the I'D OF August, 1921. in n public ad-
dress; said; IF we could have an interna-
uonal ratio. which all the leading nations OF
the world would adopt. and the true relation
oe hxed between the two metals. and all agree
upon the quantity OF silver which should con-
Sutute dollar. then silver would be as free
anu unlimited in - privileges OF coinage as
sola Is to-day. But that we have not been able
10 secure. and with the free and unlimited
coinage OF silver adopted in the United states,
" the present ratio we would be still further
removed from any International agreement
We may never be able 20 secure IL II we enter
upon the Isolated coinage OF silver. The double
standard implies equality at ratio and that
equality can only be established by the con-
current law OF nations II was the concurrent
law OF nations that made the double standard:
| IL Will require the concurrent law OF nations to
reinstnte and sustain it,"
II fANoRs THE UsE or SILVER MONEY
Ihe republican party has not been. and Is
OF ii NM
as Its record abundantly shows IL has done
all that could be done for its Increased use
i with safety and honor. 10y the United state,
acting apart from other governments There
/ are those who think that IL has already gone
beyond the limit OF financial prudence. Surely
| we can go no further. and We must not permit
false lights TO lure us across the danger line.
| MORE THAN ANY OTHER COUNTRY.
! We have much more silver in use than any
4 country in the world except India or China
s5VoOJO.oOO more than Great Britain: sisOOOO
/ W. more than France; si2O.O1O.uO0 more than
Germany; cSs5. 900 900 less than India and sI2i
/ tOJ.OyO less than China. The republican party
has declared in favor OF an international aRrte-
/ mcnt. and II elected president IL will be my
DUTY TO employ all proper means to promote n.
The free coinage OF silver in this country
/ would defer. If not defeat. international hi
| metallism. and until an international agree
| ment can bc had every interest requires US To
maintain our present standard independent
free coinage of silver ut n ratio OF rs ounces of
silver TO one ounce OF gold would insure the
! speedy contraction OF the volume OF our cur
rency. II would drive at least five hundred
millions OF gold dollars. which we now have.
/ permanently from the trade OF the country
and greatly decrease our per capita circulation.
| Ii is not proposed by the republican party TO
take from the circulating medium OF the coun-
! try any of the silver we now have. ON the con :
\ trary, IL Is proposed TO keep all OF the silver
! money now in circulation on parity with gold
I by maintaining the pledge of the government
! that ali OF II shall be equal to gold This has
/ been the unbroken policy OF the republican
party since 1873 1t has inauRurated no new
policy. 1t will keep in circulation and as good
| az gold oil of the silver and paper money which
are now included in the currency OF the coun-
Try. IL win maintain their parity. II will pre-
serve their equality in the future rs IL has al
ways done in the past 1t will not consent to
put this country on silver basis. which would
inevitably follow independent free coinage at a
ratio OF l6 to l. 1t would oppose the expulsion
OF gold from our circulation.
FARMERS AND LABORERS SUFFER- MOST
| II there is any one thing which should be free
from speculation and fiuCtuation IL is the money
OF country. II ought never To be the subject
OF mere partisan contention. When we part
with our labor. our products. or our property
we should receive in return money which is as
stable and unchanging In value Us the ingt null
" OF honest men can make II Dcbasement OF
the currency means destruction of values No
one suffers so much from cheap money as the
farmers ana laDorers They ars the first to
feel its bad effects and the last To recover from
them. This has been the uniform experience
I OF all countries, and here. as elsewhere the
poor, and not the rich, are always the greatest
sufferers from every attempt TO debase our
money. II would fall with alarming severitv
upon investments already made; upon insur-
ance companies and their policy holders: upon
savings banks and their depositors: upon
bers; upon the savings OF thrift; upon pension
ers and their famt,cs: ana upon wIge earners
and the purchasing power OF their wages
UNLIMITED IRHt DEEMAbLE PAPER MONEY
The silver question is cot the only Issue
affecting our money in tho pending contest
Not content with urging tbs free coinage OF
silver. Its strongest champions demand that
our paper money shall be issued directly by
the government OF the United States. This X
the Chicago democratic declaration. The 81
Louis peoples declaration is that "our ma
tional money shall be issued by the general
inf f,sF
banks OF issue be full legal tender ,or the raw
ment OF all debts, public and private" and be
lawful disbursements OF the government -
Thus in addition to the fr q coinage OF the
worlds silver, we are asked TO enter upon an
era OF unlimited irredeemlblC paper currency
The question which fought out from lid ,
to 1879 is thus 70 be reopened. with all its un-
certalntieS, ana cheap money experiment, OF
every conceivable form fOisted uDOu us This
indicates most startling reactlonary policy
strangely at variance with every reouIr mont
OF sound finance: but the declaration shows The
spirit and purpose OF those who by corn binrd
action are contending for the control 80 49,
government Not satisfied with the debaseInent
OF our coin which would inevitably follow the
free coinage OF silver ut Us to L. they would
sun iurtntr degrade our currency ana threaten
the public honor by the unlimited issu. OF M,
lrrtdeemahle paper currency A grIyer rnenar
20 our financial standing AID credit could
haruly be conceived, and every patriotic citizen
should be aroused to promptly meet and cf-
fectually defeat II. -
IN THE HIGHEST DECREE RRPREHyNsIHtE
IL Is cause for painful regret and sOlicitude
that an effort Is being made by those hioh in
the cOunSels OF the allied parties TO wide The
people OF this country into asses and creatc
distinctions among Us which In fact do not
exist ana are repugnant 10 our form OF gov
eminent. These appeals TO passion ana preiu-
dice are beneath the spirit and intelligence ~
q free people. and should be met with stern re-
buke by those they are sOus.t 70 influence
ana believe they will be. Every attempt 70
array class against class. the classes ngainsf
the masses section against section. labor
against capital the poor against the rich or
interest against interest in tho United state
- IN TIE highest degree reprehensiblc IL is
opposed 70 the national instintt and Interest
ana should be resisted by every citizen We
are not nation Of classes but OF sturdy free
independent and honorable people despisinv
the demagogue and never captivating to dis
honor. This ever recurring effort endangers
popular government and il a menace 10 O1r
HDcrtes IL - MOI n new campaign device or
party appeal IL is as old as government
among men. but was never more uutirneIv ana
unfortunate than now washington warned ~
aEalnst ~ ana webster said in the senate In
words which feel are singularly apuropriate
~ TINS time: i ndmouish the people agninst
the OBJECT 81 outcrtes like these / adrnonisb
every industrious labOrer OF this country 10 be
on MS guard against such delusion tell him
we attempt Is 20 play OF passion against
MS interest. and TO prevail on him in the name
OF liberty. 10 destroy all the fruits OF libertv ="
PRoTECTIoN oY SUPREME IMPORTANCE
Another Issue OF supreme Importance il that
on protection The peril Of free silver is a
menace 20 be feared. we are already erperi
encing the effect Of partial free trade Trh6 orc
must De aycrted. the other corrected The re-
publican party Is welded 20 the dOcrfne ~ rro-
tectloh ana was never more earnest In ffs sun
port ana advocacy than now NJ argument were
needed 10 strengthen its devotion 70 "the
American system. or Increase the hold Of that
system upon the marty aud r,ooufo tt a.. s.-..-.s