The San Francisco call., 1896-09-23
ernment OF the United States entered upon the

when melted it would be worth just as much
as when il is stamped as money, the bullion or
market value always to be the same as It's legal
or money value. [Applause and cries OF He
was right."1 This was the doctrine OF Hamil-
ton and Jefferson This has been the unde-
waiting policy of the Government under every
administration and has been the settled policy
of all the great parties of the country from the
beginning OF the Government. By the act OF
July, 1890, commonly known as the Sherman
law, we insisted upon putting into law the
doctrine of Hamilton-the parity of the two
metals must always be sacredly maintained.
[Applause.l The representatives wrote into
thai law-for both branches of Congress and
the President were in the hands OF the Repub-
lican party-a solemn pledge, which is as bind
ing agreement between the Government
and the people as was ever adopted.
Here is the language: at is the established
policy of the United States to maintain the
two metals gold and silver at parity with
each other upon the present legal ratio, or at
such ratio as may DE established by law"
This was the act of the Fifty-frst Congress,
passed by the Republican party for the pur-
pose OF maintaining the free coinage of silver
at the ratio of Is to 1, but never to give silver
the greatest possible use money, and for
that purpose providing for the utilization of
substantially the full product of the American
mines. tApplause.) This is not the only dec
iiton idea of their parity. The Fifty-third
Congress, elected in 1892, and Democratic in
both branches. with President Cleveland as
chief executive elected by the Democratic
party, also recognized the doctrine of the
parity.
President Cleveland was so convinced that
the coinage OF silver was becoming a peril to
the country that he called Congress together
In 1898, and Congress, at his earnest solicita-
ton, proceeded to repeal the purchasing
clause OF the so-called Sherman law, and in do
ing this wrote into our public statutes this ex-
preston: "And it is hereby declared 10 be the
policy of the United States to continue the use
OF both gold and silver as the standard
money, and to coin botn gold and silver into
money of equal intrinsic and interchangeable
value, this equality TO be secured through in
ternational agreement or by such safeguards
OF legislation as will insure the maintenance
of the parity in value of the coins Of the two
metals and the equal power of either dollar at
all times in the market and in the payment of
debts" This was the act of the Fifty-third
Congress under President Cleveland an act by
Democratic Congress and Democratic Pres
ident approved by Democratic admistration
and Endorsed everywhere by the Democratic
press, and, as believe, by the masses of the
Democratic party.
1t is true we, as Republicans, can take salts
faction in the fact that it would not have
passed the Senate except at the earnest sup
port of the Republicans, and none more promi-
nently than Senator Sherman himself But
the Democratic party was solely responsible
for legislation then, aud its action bound the
members OF the party strongly TO the support
of honest money, as the FIfty-frst Congress
had committed the Republicans OF the coun-
try to the same doctrine. With what bad
faith, therefore, with what disregard for the
right, for justice and honor, can any citizen
fRor 2 Gov felna II at
any settlement of our debts on scheme of
coinage the confessed result of which would
be TO destroy the parity between dollars, drive
gold from circulation and reduce the value of
silver and paper dollars in circulating nearly
one half? Hamilton and Jefferson, Jackson
and Lincoln, Grant and Cleveland never
taught doctrine so periious as that IGreat
applause.l
The people of the United States will never
adopt SO discreditable and dangerous course,
nor will they fail to brand it with their con-
demnation whenever an opportunity is given
them through the ballot. lCheers.l The idle talk
about the '.dollsrs OF the fathers and the prin-
ciples and men of 1875" will do no harm, but
it will never convince the honest citizen that
Hamilton or Jefferson any other of our re-
vered fathers or patriots ever viewed with
liberation any scheme of dishonest finance,
or contemplated for an instant the
idea that the United States would cheat
its people in its money or repudiate
any of its obligations, made either by
expressed terms or implication. [Great cheer
ing.l Free silver means free trade. [Cries of
"Of course, it doesP'l Suppose you could pay
the duty with 52-cent dollar, would you not
reduce the protection you now have almost
one half?
My fellow-citizers, do not be deluded. No
matter how much money we have or may have
in this country, there is but one way to get it
fc >erfr,
and cries of 'sThats right.''] What we want
just now is somebody who wants what we
have TO give him. [Cheers.l Labor cannot
wait. The capital of the workingman is in his
strong right arm. Tremendous cheering.l
If he does not use it, just that much of his
capital is gone AMI gone forever. lRenewed
cheeringl The capitalist can wait on his divi-
dend, but the orkingman cannot wait on his
dinner. [Great laughter and applause.l And
there is nothing so well calculated to injure
labor in the United States as deprecated
currency. [Cries of That's right, major. hit
them hard."1 1 want to read what Webster
SAID March 10, 1897. in your great State: "He
who tampers with the currency robs labor of
its bread. He panders, indeed, 10 greedy capt.
tai, which is keen-sighted and may shift for
itself, but he beggars labor, which is honest,
unsuspecting and too busy with the present
to calculate for the future"
The prosperity of the workingclasses lives,
moves and has its being in an established credit
and steady medium of payment. ALI sudden
changes destroy it. Honest industry never
comes in for any part of the spoils in that
scramble which takes place when the currency
of q country is disordered. Did wild schemes
and projects ever benefit the industrious? Dio
violent fluctuations ever do good to him that
depends on his daily labor for his daily bread7
tGreat applause and cries of mo, no.''l Ger
tainly, never. All these things may crafty
greediness for sudden gain or the rashness of
strong speculation, but they can bring noth-
ing but injury and distress to the homes of
patient industry and honest labor. TGreat
applause.l
Three cheers were again given for
Major Mckinley when he had concluded,
and the nominee went through the ordeal
of shaking hands with the entire COM
pany. at O'Clock the last delegation of
the day arrived. 1t filed ten coaches and
was composed of 800 members of the Nc
Kinley clubs of Elkhart County, Ind.
Major McKinlev said.