New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-22
June ViOletS
COLGATE'S
Violet Water.
nrpRY BELMONT TALKATIVE
r,sCr-SsEs THE MONEY PLANK
ADOPTED AT ST. LOUIS.

prprRILcANs MEAN WHAT THEY SAY
M WHAT THEY PROMISE ALL WILL BE
.rr1. lie sAYs-BrT HE TRIES TO
MAKE HIMSELF DOUBT 1T.
Y,,ne q in the course Of an interview TO-
9TH representative OF the Onited ires'
ia! pn,nont made the following remarks regard
ZEN: gold plank adopted by the St LOUIS he
,,,can Conventions
~, ,se Republican platform adopted ~ OF. io"''
- - ,n,erpreted by Mr. Mckinley ana me ne
e' am,.r marty as a mandate to obey the co'"'se
pun. ,s-2 and coin no silver dollars uftl
70" ,,o,al free bimetallic coinage on :xed
W"e' -. have come and II II is intended reso-
rs" "a enforce the mandate by diplomacy ana
i'd and accomplish inteTnatlonal p"e'"i
es'.s ~ york done at 81. Louis will be benenciai
N ,,a contrary will happen If the platform shaii
N' '" as permitting or encouraging the
80, Of Treasury silver purchasing ana 'he
' ,a an Government account of more v'-ceh'
ohae' ~. -, tho theory OF the repudia:e1 Sher-
liver dollars on '"e 'ie''' -
IAN Law OF 1890 Cd,
r. &c true that Congress. led by senator "ne'-
Ala in 1915 make. as the platform decldres' "
49, ,rov-d,ng for the resumption OF sler'e pay
. and since then every dollar has peeh as X VI
men" ,,, ,ut II is also true that the underlying
80. ~ that law payment In gold uoHais
,,o extinction in 1879 of all the greenback dept
anu W. uho was then Secretary OF the Treas
u" o,o,a the enactment Of a greenbacK ISSUE
! nicb not only stopped the exterminauoh Oh
hocks al S460)DO0. the present Quan'''E OUT
s' ,,~r hrt compened their perpetual reissue 1t
= D,har REDEMPTION therefore. that ia potent
.,n.s .. our present monetary disorders
"worse even than the greenback reissue Id" Vi
.-s nas ,ba sherman law Of 1890. which was re-
80 three wears after. and which not onv COZ
- :, .ls Treasury a useless mass OF silver bui-
~ h, emitted $4,000 900 in Treasury notes. also
.-ra,uallv reieemabe in gold. Recently. o"ihs ~
,ha disastrous currency panic caused ny tha' o"ei
"a, law the income OF the Government mas po'"
rnch less than its expenditure. ana comparatively
w,le of that insufficient income has peeh rece'N u"
mia Consequently gold for redemption purposes
MS hcen purchased with new bonds ana the go'o
Ia from the Treasury in redeemng greenbacks mas
..odlv gone ia Eurone From 1919. when specie re-
,nnntjon began down TO the enactment OF the oher-
man rnaksshift Of 1890. only as remember the Hs-
r-,s some S3e.0QDCc0 ia greenbacks. n eleven ana
onk.hah years had been presented to the treasury
toi redemption in gold and since the sherman IA"
MAS enacted over s2SOcc,0oc in greenbacks and So-
oo"o in Sherman Treasury NOES have been pre-
ser,ed and redeemed in gold. over S260o.VO OF our
roli has been exported 10 Europe .
Even a country rich in natura! resources as
ours so removed from European war dstur6anc
30 powerful in industry and the Vlgor OF It's 'ovv'
bot the Republican Convention adjourned wl,hou W
even suggesting an adequate remedy 10 proSa. II,
The maintenance Of the gold standard anu deihahu
q Mckinley tariff is no remedy, especially Wnen no
methods are specified whereby the needed goo can
be secured in some other way than by renewed bonn-
selling The Sherman law OF 1881 was
also Inc maintenance OF the gold standard Never
theless and despite Republican evasion you may de
pend upon 1t that. cost what IT may the people Of
our country will insist that all antecedent Indebted
II demanded In the gold dollars specified implied
In the contracts. No railway or other corpora ION
any released from such obligation
Poughkeepsie N Y. June Fl (Spec!aD.-J. w.
Huxley. chairman of the Democratic State Com
nttee. has received a dispatch from Perry Belmont
IN Paris saying that he will sail for home az once
and go 10 the National Democratic Convention a,
Chicago as delegate from Suffolk County. Mr. Be-
mont is coming home in order TO assist in the fight
for sound money as against the silver craze. Hs
says that all the bime alsts OF England and France
ss, nat the cause international bimetallism viii
Be severely injured by the impetuosity Of American
silver cranks.