The record-union., 1896-09-23


tenn. (Applause.)
We have heard a great deal In TINS
campaign about the doctrines of the
fathers. Hamilton favored both gold
and silver as money, though he pre-
ferred gold alone himself, and the Gov
ernment Of the United States entered
upon the use of both. Hamilton an
nounced the great tupdamental pr1n-
ciple whe he said: z ere can hardly
be beta rule E9 a. country tor
legal ten than the market ratio. In
other worus, every coin should contain
enough metal so that when melted II
will be worth just as much as when 1t is
stamped as money, the bullion or mar
ket value always to be the same as IT'S
legal or money value. Great applause
and cries of He was right.O
This was the doctrine of Hamilton
and Jefferson. This has been the unde-
Waiting policy of the Government un-
der every administration, and has peen
the settled policy of the great parties or
the country from the beginning OF the
Government. By the Act of July, 1S9o,
commonly known as the Sherman laW'
we insisted upon putting into law the
doctrine of Hamilton-the parity or the
two metals must always be sacredly
maintained. (Applause) The Repup-
licans wrote that into law, for poth
branches of Congress and the Presl-
dent were in the hands of the Repup-
lican party, solemn pledge Whlch IS
as binding an agreement between the
Government and the people as was ever
made. Here is the language: 1t is the
established policy of the United States
to maintain the two metals (gold and
silver at a parity with each other upon
the present legal ratio, or at such ratio
as may be established by law
This was the Act of the Fifty-first
Congress, prepared by the Republican
party for the purpose of preventing the
free coinage of silver at a ratio OF 10
to /, but nevertheless giving to silver
the greatest possible use as money, ana
for that purpose providing for the ut1l1-
zation of substantially the full produc-
ton of the American mines. (Great ap-
plause.)
This is not the only declaration of re-
cent years in support of the Hamilton
idea of the parity. The Fifty-thlrd
Congress, elected in 1892, and Demo-
cratic in both branches, with President
Cleveland as Chief Executive, elected
by the Democratic party also empha-
sized the doctrine Of parity. President
Cleveland was so convinced that the
coinage of silver was becoming peril
| to the country that he called Congress
| together in extraordinary session, and
Congress, at his earnest solicitation,
| proceeded to repeal the purchasing
| clause of the Sherman law, and wrote
| into our statutes this declaration: And
it is hereby declared to be the policy Of
| ha TTnifal nnntin11p fhp of
both gold and silver as standard mon
ey, and to coin both gold and silver into
money of equal intrinsic and unchange-
| able value, this equality to be secured
through international agreement or by
such safeguards as will secure the
| maintenance of the parity in value of
| the coins of the two metals, and the
| equal power of each dollar at all times
| in the market and in the payment of
debts Great applause)
| This was the act of the Fifty-third
Congress, under President Cleveland.
enacted by q Democratic Congress. 1t
| is true that we as Republicans can
| take satisfaction in the fact that it
would not have passed the Senate ex-
cept at the earnest support of the Re-
| publicans, and none more prominently
| than Senator Sherman himself. But
| the Democratic party was solely re-
| sponsible for legislation then, and its
action bound the members Of the party
as strongly to the support of honest
money as the Fifty-first Congress has
committed the Republicans Of the coun-
try to the support of the same doctrine.
With what bad faith, therefore. with
what disregard for the right, the JUS
tice and honor, can any citizen now de
mand that the Government shall enter
upon any settlement of our debts on a
| scheme of coinage, the confessed re
suit of which would be 10 destroy the
parity between dollars, drive gold from
circulation. and re luce the value cf
silver and paper dollars in circulation
nearly one half? Hamilton and Jeffer-
son, Jackson and Lincoln. Grant and
! Cleveland, never taught doctrine So
perilous as that. (Grcat applause
The people Of the United States viii
never adopt so discreduable and dan
| gerous a course: nor will they fail tC
brand it with their condemnation wnen-
ever an opportunity IS given them
through the ballot. (Che.rs)
The idle talk about the dollars Of
the fathers and the principles Of 1I,t
will do no harm, but it will never con-
vince the honest citizen that Hamilton
or Jefferson or any other Of our revered
fathers or patriots ever viewed with
liberation any scheme of dishonest
finance or contemplated for an instant
the idea that the United states wouli
cheat it's people in it's money or repudi-
ate any of its obligations made either
by expressed terms or by implica ton
| Great cheering)
Free silver means free trade. (Crics
of "Of course it does.') suppose yol
could pay the duty with Il 52-ccnt dol
lar, would you not reduce the rrotec
ton you now have almost one-half
(Cries of Right, right.'D
My fellow citizens, do not be de-
luded No matter how much money
we have or may have in this country
there is but one way to get ii, and tina
is to give something for it, tApplaus'
and cries of that's right.'D What W
want just now is somebody who want:
what we have to give m Cheers.
Labor cannot wait. The capital Of th'
workingman is his strong right arm
tremendous cheers) If he does no
use it, just that much of his capital j:
gone gone forever. (Reneve1 cheering.
The capitalist can wait on his dividend
but the workingman cannot wait OF
his dinner Great laughter and ap
plauseD And there is nothing so wei
calculated to injure labor In the Unite,
states as a deprecated currency. Crie
of That's right Major, hit then
hard")
Il want to read what Webster sait
March 10, 1897, in your great state
He who tampers with the curreac,