The herald., 1896-08-16


lar will be boarded or will be quoted and
sold as commodity at about 1874 cents
of the silver coin.
Silver will stand as the par of value
and gold will be quoted at its CONNER
cial value.
The free coinage of silver is an invi-
tation, not only to American miners, but
to all miners or holders of silver in the
world to deposit their silver in the mints
of the United States and to receive in
exchange therefor a silver dollar for
every 412R grains of standard silver de-
posted. But that silver is worth in the
market only a3 cents. The only object
and effect of this measure will be to
degrade the dollar, to lessen its purchas"
ing power nearly one-half, to enable
debtors to pay their debts at SO cents for
dollar and cheat the public creditors
who hold our bonds. If this policy should
be adopted the United States will take
its place among the nations of the earth
as bankrupt, closing its business at 5S
cents on the dollar.
There is an element of meanness IN
this free coinage of silver. The United
States has always paid its bonds in gold
coin or its equivalent. In the darkest
hours OF the civil war we stipulated to
pay our bor'ds, principal and interest,
in gold or its equivalent. All of the war
debt has been paid this way. a portion
of it was paid by the sale of bonds bear
ing a lower rate of interest but we ex-
acted from the purchasers of these'bonds
gold coin or its equivalent, even while
our notes were below par in coin. About
$S47, ,000, coo of these securities are now
outstanding, of which $262, 900, 900 was
sold by this administration and paid for
in gold coin. 1t is one of the objects of
those who advocate the free coinage of
silver TO force the government to pay
these bonds in silver coin reduced in
value. Il is harsh to express this opin-
ion of q measure favored by many good
people but 1 cannot regard it in any
other light but both a fraud and a rob-
berry, and all the worse if committed by
great. rich and free people.
The crowd at the meeting tonight was
the largest ever seen at political meet
in this city. Every foot of seating and
room in the immense tent was
occupied. Previous to the speaking the
Columbus Glee clubs stirred the enthus
iasm with campaign songs. Lieut.. Gov.
Jones presided and made a brief speech
III which he characterized the Democrat
ic national platform as one of anarchy
and bankruptcy. He said the Dem
ocr ats stole the Populist platform in
order to be admitted to the Populist
church and characterized Watson as one
of the horns of theDemocratic dilemma
The speaker of the evening was Hon.
Stewart L. Woodford of New York,
whose speech provoked much enthusi-
asm.
RAILROAD WORK.
KANSAS CITY, Aug. 15.-A- E. Still
WE'LL president of the Kansas City, Pitts
burg and Gulf railroad, is the first en-
ployer of any large number Of men in
this vicinity to begin the active and open
political campaign among the men in
Kas., Kansas City and in
termediate points, besides many other
employees of the road, altogether num-
bering several hund.ved. We're given a
and free transportation to Fair
mount Park. When they arrived there
Mr.. Stillwell appeared before them in
lHe duullOl4uIl anu ueii Fei GU Gil col iesl
address in opposition to the free silver
craze" as he termed it. Mr.. Stillwell
declared that the free silver agitation
had done more harm to the laboring
man-had taken more bread out of his
the civil war. He assured
his employees that they could never see
any free silver men at the head of any
great enterprises that develop the coun-
try and give work to the laboring men.