The evening times., 1896-09-02

| in the Chicago platform. There is reason
! 10 douDt wnetiiertne iQfces tnat contrUlled
that convention even desire 10 aecouli liisll
DimetaliiSin. The word bimetailisn does
| not appear in the platform. The Convention
| By an Overwhelming vote rejected u prop
osition piedging the gogernmen ut To main
tam the panty oil the two metals The
disposition or the convention as Indicated
by It's expressions aud Its actions was To-
ward silver mOnoinetailslIn or irredeeu.able
fiat money. As well might the ARK or tue
Covenant have been entrusted to the Phil
lstines as TO eDtrust the cause OF bimetal-
ism To the revolutionary horde behind
Bryan.
IL Is not difficult task to show that
under present conultions Tree coinage Of
silver by the United states alone Wouiu
result I'D silver monometaIism Foolish
experiments In that direction have al
ready caused the loss OF great Fart of
our gold from circulation. Fart Oh IL Eai
gone abroad, withdiaw WI from investment
III our Industries, and part has been hOaId.
ed for the day when II should bring high
premium Our government can get Iioneex-
cept by increasing the Iauonal debt ano
the burden OF taxation. About SlUU.UUU.
600 In gold is in the United states Treas
ury TO support the parity, not alone OF the
S346,OUO,Uvu OF sreeDbacks, which was
It's original Junction, but the S625UUOUUG
OF SILVER currency, which has been issued
since. That frail foundation has been
trembling since 1880 with the additional
weight put upon IL. Only by heroic means
has the government been able 10 prop up
the immense superstructure. But even the
prospect OF unlimited silver coinage under
present conditions would make that foun-
dation disappear as II III a-quicksand. aud
you and and every man who has prop
erty or wages would find their value
Changed from gold 10 a silver measure.
This would be the cert;irA result of im-
posing such au additional burden upon the
government, but when with that in view
We consider the disposition OF foreign gov
ernmeuts to strengthen tneir gold reserves
and the suspension OF free silver coinage in
India, which mas heretofore been the worlds
sink for all its surplus silver, but is SO no
longer, the Conclusion is inevitable that
We would be reduced TO silver basis
and 10 very cheap silver basis at that.
Such a change OF standards, such re-
adjustment of values, not only in the fear
which they would excite. but in the actual
injury and injustice they would produce,
would be the greatest commercial and in-
dustrial evil imaginable. 1t would mean.
in the first place, the withdrawal OF hun
dreds of millions of foreign capital in-
vested in our Industries. Sheer as Mr.
Bryan may at our dependence upon Tor
eigu gold the bare fact remains that with
out 1T the building OF our great railroads,
the opening OF our great tarm areas, the
development OF OUR mines. the building up
of our industries-with al tie Stimulus to
prosperity which these have given-wouh
have been delayed many years. Foreign
gold-to Mr.. Bryan's distorted vision ard
deUa gogic mud a species OF yellow fever.
what is il but capital which gives work
apd wages to our citizens, adds to the
product OF our factories, makes necessities
out OF the former luXurleS OF lire, increases
the comforts and conveniences of living.
adds TO our country's wealth and pros
perty. until finally We will be rich enough
and prosperous enough to send part OF our
capital to other less fortunate or advanced
nations and perform the same good mis-
sion. selfish though it he, for other people.
LOANS WOULD BE CONTRACTED.
The withdrawal of European capital
would stIll iurther depresS values anu en-
courage panic. SO large proportion OF
our business Is Gone on credit. ana credit
is such slender support, that when credit
IS attacked, IL matters not how much
money there may be IN the country. 1t VIII
avail nothing to prevent Tie contraction OF
loans and the refusal OF accommodation.
These mean business failurcs-losses. sac
rifIces or prices, diminished demand f0r
commodities. closing mills, lack OF ein-
plo oyment. poverty and distress. Against
The % progress OF thus certain series OF events
no man nor measure can stand No kind OF
relief is efIicaciOus except the conviction
or the peopie that the money which IDcas-
ures the ex ciIanseablc value Of their COM
modities and services and underlles the
structure OF their system or credit Is sound
aud stable and Will remain So
-Une characteristic or political reme-
dies administered and recommended by
ouack political Goctors is that they are al
legged TO cure all diseases. To every man
in distress in any part OF the country tie
characterization OF silver is pointed out
ts the cause OF his misery and the reinone-
tIzation OF silver as his remedy. By reason
of perfectly simple causes the prices o.