The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1896-09-09

It Would NOT StNrt u EhcNofy UT ""No
Demand for an Additional Days La
bor-It would Not Make Farming More
Profitable.
Theletter of acceptance pcnned by Major
Mckinley Is full of tcrse sentences. Mug
gets of thought are sometimes overlooked
in the perusal of so long document We
lift out few of those nuggets and give
them separately;
Debasoment Of the currency means
destruction Of values
The owner of the silver bullion would
get the silver dollar. 1t would belong to
him and nobody else.
1t lis mere pretense to attribute the
hard times to the fact that all our currency
Is on gold basis. Good money never
made times hard.
1t would dorange all existing values. 1t
would restore business confidence, but It's
direct offeot would be to destroy tho little
which yet remains.
The government would get nothing from
the transaction. 1t would bear the ex-
pense of coming the silver, and the COM
| munlty WOulu huuSE losS Nv iVS NSN'
If there is any one thing which should
be free from speculation and nuctuation
1t is the money of country. II ought
never to be the subject of mere partisan
contention.
When we part with our labor, our pro-
ducts. or our property we should receive
in return money which is as staple and
unchanging in value as the ingenuity of
honest men can make it.
Until international agreement is had 1t
is the plain duty of the United States to
maintain the gold standard 1t Is the
recognized and sole standard of the great
commercial nations Of the world.
Let us hold fast to that which we know
is good 1t Is not more money we want
what we want is to put the money wo al
ready have at work. When money is en-
ployed men are employed.
1t would not make labor easier, the
, hours Of labor shorter, or the pay better
1 1t would not make farming less laborioui
OF more profitable. 1t would not start a
t factory or make demand for an add
o tional days labor.
No one suffers so much from cheaI
money as tho farmers and laborers. The!
II are tho first to feel its bad effects, and th'
d last TO recover from them. This has beer
II the uniform experience of all countries
Q and here as elsewhere.
We cannot restore the public confldenc'
1t by an act which would revolutioniz
g all values, or On act which entails dc
If flciency in the public revenues. We can
II not inspire confidence by advocating re
1t pudiation or practicing dishonesty.
d There would be no obligation restin
upon the government to maintain parity
and II there were, it would be powerless
do it, The simple truth is we would /
driven to silver basis-to silver monC
D. metallism. These dollars, therefore, woul
y, ~, stand upon their real value.
IF Free silver would not mean that silvC
dollars were to be freely had without CO.
is or labor. 1t would mean the free III
II of the mints of the United States for th
a. few who are owners of silver bullion, bT
le would make silver coin no freer to Il
many who are engaged in other ente
a prises,
Is Mexico and China have tried the exper
:, ment. Mexico has free coinage Of silv'
to and gold at ratio slightly in excess
n. sixteen and a half ounces of silver to ol
~ ounce of gold, and while her mints q
d, freely open to both metals at that rati
IL not single dollar in gold bullion
coined and circulated as money.
1t is NOT an increase In the volume
money which is the need of the time, b
&C. an increase in the volume of business; n
ny an increase of coin, but an increase OF CO
We fldence; not moro coinage, but me
its active use of the money coined; not op
hs, mints for the unlimited coinage of
lat silver of the world, but open mills for
hu full and unrestricted labor OF Americ
Ill workingman.
M Free silver means the debasement Of @
We currency TO the amount of the differeI
IN IN between the commercial and coin value
mo- the silver dollar which is ever changil
eV, and the effect would be to reduce prope
"a values, entail untold financial loss,
M stroy confidence, impair the obligations
'iiS ! existing contracts, further impoverish
nts laborers and producers of the count
create a panic of unparalleled seyeri
and inlict upon trade and commerC
Ids, a deadly blow.
tIs The poor and not the rich are always
greatest sufferers from every attempt
debase our money. 1t would fall "
un alarming severity upon investments
pen ready made, upon insurance compaI
.lnHo .iHo and their policy holders; upon saw
banks and their depositorsi upon bu
ing and loan association membersi u
sick tho savings Of thrift, and upon the W
and earners and the purchasing power of q
IIue wages
,ath Every attempt to array class agai
class, "the classes against the mass
section against section labor against
you ital, "the poor against the rich,' or in
light estagainst interest in the United Sta
ltt M Is IN the highest degree reprehensible.
tan. Is opposed to the national instinct and
lthy terest and should be resisted by @
citizen We ure not nation OF ella
but of sturdy, free independent and
4 at orable people, despising the demag'
rers and never capitulating to dishonor.
saie How Much Is There In It?