Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1896-09-02

| Pro1tabiS.
| Thsiettcr OF acceptance peancd by Major
| Mckinley l. fall of te-se sentences Mug
| ec.s ~ thou "a. are somctins' overlooked
| IN the pssusai OF so long document. We
| lift oit Il few OF those nuggets anI give
| theia separately:
D;bascment of the currency means
\ dc t-uction Of va!j;cs.
The owner Of the silver bullion would
% .he silver dollar. 1t would belong 70
| him ard nobody ciso.
Itis ~ mere prcicnse 70 attribute the
| hard times to the fact that all our currency
l. on Il gold basis Good money never
| made times hard.
i would dcraage all existing yaluc5 1t
| would restore business coniilen:e, butts
direct effect would be TO destroy the little
which We. remains.
The government would get nothing from
pcnsc of coming the silver, ana the com
u.unity would suffer loss by its use.
II there is any oEe thing which should
be free from speculation and fUctuasion
IL IL the money OF n country. 1t ought
never 20 ie the subject OF rIere partisan
contention.
When we part with our labor. our pro-
ducts. or our property we should receive
In return money which is rs staple and
unrhangin2 in vnlue as tbs Ingenuity OF
honest men can make II.
Until international agreement l. had il
Is tha plain dutv of the United States to
maintain the gold standard. 1t is the
recognized and sole standard Of the grea:
commercial nations Of the world.
Let us hold fast to thit which We know
is good. 1t Is not more money We want;
what we want ia 10 put the money We al
ready have ut work. When money is ein-
pioycd men are employed.
1t would not make labor easier the
hours OF labor shorter. or the pay better.
II would rot make farming less labu-io;:s
Or more profitable 4 wouli not sSn-t I:
fnctory or make Il demand for al add
tion:,l cay's labor.
No one sni!crs so much from cheap
money as the farme-s and laboccri. thcy
a,c tho frs: to feel its bad effects. ana the
last 20 recover from them. This h..' bosn
the uniform experience CT all countries,
and here - elsewhere
We cannos restore the pubic confidence
By an act which would revolutionizo
ail values or az act which entails !; de-
ticicn2T il the public rcyenucs We c..n-
no5 inspire confidence by advocating; re-
pudiation or prgcticing dishonest.
There would lie TO obligation resting
upon the goverpEicrt to maintain parity,
AID II there were, it would be powerless to
do it. Thc simple truth "a we would Is
driven 10 silver basis-:o silver mono
Inetallism. These dollars therefore, would
stand upon their real valio.
Free silver woHld not mean that silver
dollars were to lie freely md without Goa.
c. labor. /. wolli mean the freo use
OF the lnintI cf the United S-atcS for the
few who arc owners OF silver bullion, but
would make silver coin no fr9cr to the
many who ere engaged in other enter
priscs.
Mexico and China have trisd the expert
ncnt. Mexico has free coinage OF silver
end gold nt ratio siig.l,ly i'll excess of
sixteen and a half ounces OF silver to one
ounce Of gold, aud while neg InintS ere
freely open to both metals at that ratio,
not single dollar in gold bullion is
coined ana circulated rs money.
1; = not an increase in the volume %
money which is the ncci Of the time, but
au increase in the volume Of business; not
Gn increase OF coin, but an increase Of con-
fitencc; net more coinage, hut more
active use OF the money coined: net open
rints frr the unlimited coinage of the
silve: OF tic world. but open ra:lls for tie
full and unrestricted labor OF American
workingman.
Free silver MEANS the Gcbasement OF our
currency TO the amount OF the difference
hetweon the commercial and coin value o.
She silver dolIa-, which IL ever changing,
anu the effect would be 70 reduce property
values. entail untold iinaDciai loss, de-
stroy confidence, impair the obligations Of
existing contracts, further i:npover.sh the
1aborcrs and producers Of the country,
create panic OF unparalleled severity,
and infiict upon trade and commerce O
o deadly blow.
The poor and not the rich are always the
greatest sufferers from every attempt TO
debase our money. 1t would fall with
alarming severity upon Investments 81
ready made, upon insurance companies
and their policy holders; upon savings
banks and their depositors; upon build
ing and loan association members; upon
the savings of thrift, and upon the wage
earners and the purchasing power of their
wages.
Every attempt to arr,J class against
class, the classes against the masses"
section against section, labor against cap
it'll, "the poor against the rich" or inter
est against interest in the United States,
is in the highest degree reprehensible. It
is opposed to the national instinct and in
terest, and should be resisted by every
citizen We are not nation of classes
But of sturdy, free, independent and hon
orablc people, despising the demagogus
and never capitulating to dishonor.
Those who assert that our present in
dustrial and financial depression is the re
suit of the gold standard have not read
American history Alright or been careful
students of the events of recent years. We
never had greater prosperity in this coun-
try, in every field of employment and in
dustry, than in the busy years from 1880
to 1892, during all of which time this
country was on a gold basis and employed
more gold money in its fiscal and business
operations than ever before We had, too,
q protective tariff under which ample rev.
enues were collected for the government
and an accumulating surplus which was
constantly applied to the payment of the
public debt.
PROPERTY AND INDUSTRY.
Property Is the fruit Of labor. Property
IS desirable, is a positive good in the
world. That some should be rich shows