The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-14

NEW YORK, Aug. Ex-senator Stew
art this afternoon gave out the follow
ing statement:
THE gold commercial press is using
every effort % fasten the fangs Of gold
monopoly upon labor. 1t tells the
workingman that high wages and
cheap commodities result from the
same cause; that the cheaper things
are, the more will be paid to labor
for producing them. While we ask
for the reconciliation of silver to stop
falling prices and start the wheels Of
industry. to give labor employment,
they say the silver dollar will be a
flfty-cent dollar. The four hundred
million silver dollars now coined and
circulating either as dollars or as sill
Yer certificates, are redeemable in moth
ing but silver and are as good as
gold.
Previous to the demonstration of
silver, silver dollars were as good as
gold dollars. This the laboring people
know. These assertions will deceive
no one.
THEY SAY.
'But they say prices would rise and
that the laboring man could not buy as
much with his dollar. We desire that
prices should stop falling, because
while prices are falling, enterprises
languish and millions are out OF en-
pboyment. There is not half as much
paid to labor in the aggregate today
as there would be if there was money
to stop falling prices, because then all
willing hands would find employment
in this country OF unlimited resources.
IF Mckinley wants the laboring
l.
chase the largest amount of goods, why
does he want a high tariff for manu-
featuring monopolists? If the oddities
really want the laJborer to enjoy all
the benefits of a cheap market, why do
they want a. high tariff to raise the
prices of the neceSSaries of life? The
gold standard is a tariff in favor Of
every silver standard country, and
against every gold standard country
amounting TO nearly 100 per cent. The
advantage which the agriculturiSts Of
silver standard countries have had in
the difference of exchange has given
the silver standard countries the mo-
nopoly of the European market for
farm products and reduced the prices
of such products below the cost of
production.
1T has been often remarked by Eng
lishmen that the effect of the differ
ard countries and the gold standard
countries is a bounty Of imports and a
tax of exports, all in favor Of the
silver standard countries.
THE STRUGGLE.
'eThe struggle with the Indians.
Chinese and South Americans in sup
plying Europe with farm products is,
therefore, unequal, while the protected
af y.oic
prices of the necessaries Of life and
increase the burden Of protection. In
other words, McKinleyiSm will make
everything the farms produce cheaper,
and everything the farmers buy dearer.
This may be an explanation why pro-
tected monopolies contribute millions
for McKinleyism. But why have the
so-called Democrats been converted to
McKinleyism? The answer is easy.
Rothschild, Morgan & Co. are in the
wrecking business. They live on pro-
tected franchises and perform the
same function on the accumulations of
industry that vultures perform on de-
caying carcasses. The influence Of
Rothschild, Morgan & Co. with the
Democratic newspaper is simply suf-
ficient to make the paper advocate
high tariff low tariff, states rights,
federal despotism, or anything else
which shall suit the wreckers. La
borers, take warningl Ask yourselves
what Hanna and Morgan would do if
they had Mckinley in the White
House, in case labor organizations
should complain of reduction of wages.
Do you doubt that if they owned the
federal government that they would
use the army to reduce wages? If
you doubt that, investigate the charac-
ter Of these potentates who propose to
own a president of the United States"