The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1896-06-09
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u all the western people would |
stand mp for their interests and con
vietious like the people Of Colorado,
the west would be recognized in ma
tional affairs. When the chamber Of
commerce Of the city OF New York
issued its circular in the interest OF
the goldbugs and called upon all
commercial bodies TO speak out in IA
vor Of the single gold standard, most
Of such organizations that could be
controlled by Republicans, took up
the refrain and cried "long live the
English standard" The chamber Of
commerce Of Denver, however, refused
to bow 'the pregnant hinges Of the
knee" to the golden calf It came
back at the New York organization
as follows, and It's answer should be
preserved:
1--WE must remind you that not sin
gle promise or prediction OF the gold
standard advocate has been verified
by the logic Of time. In 1s7s you were
warned that government coinage OF
silver would debauch our currency
and drive out gold. While the prac-
tiee continued money was stable and
plentiful and flowed to our shores in
abundance. In 1890 you heard the
same things but perceived no monet
airy disturbances until the treasury
department was induced to define
coin to mean gold and parity degra-
dation. In 1898 you were told that
the repeal of the purchasing clause
alone stood between you and reviving
business; in 1894 the green back must
be retired before you could hope for
Improvement, and then only il The
country would abdicate its note-issu-
ing powers to the bankers Of the land.
Agitation is now assigned as the
curse Of progress, and that too, must
cease or the cause Of a self-styled hon
est money may be defeated.
1--WE take issue with the assertion
that a continuance OF the agitation in
favor Of the free coinage Of silver has
resulted in an enormous or any cost to
the government, or that it stands in
the way OF revival Of confidence and
national prosperity. Public obiiga-
tions are payable in coin OF the stand
ard value Of July Il, 1870. Congress
and attorney generals have officially
declared them to be so payable OBJ
servance OF the law by administrative
officers in the public interest would
have made gold raids upon the treas
ury impossible, bond issues unneces-
sary and bond syndicates unknown.
Eastern investors boarding greenbacks
to buy gold and holding gold to buy
bonds. have left southern and western
producers nothing to borrow and TO
circulate among their exchanges but
the bank note and silver certificate.
Nothing stands in the way of conf
deuce and prosperity, but the dealer
in public securities, who, deploring
their issue, demands more Of them,
those who believe that the nation can
expand only by lettering its limbs
with gold, those who would deprive
the government OF its paper issue and
those who would denounce agitation
be ,ause they fear It.
we are ia full accord with the
sentiment that the time is past for
any hating or doubtful phrases to ex
press the meauiug OF political parties
upon any public questions. Equivoca
ton will not satisfy the requirements
OF the hour, The issue is between
the producers of wealth and the ma
nipulators Of exchange, Prosperity is
impossible without a sufficient anc
stable money circulation. This car
only be secured by the FRYE coinage o
gold and silver. BY destroying tn,
latter we have placed bounty upol
the stable products of silver using
land and compel them to manuiactur,
FOR themselves. They are progressive
we arc stationary. We cannot i'm
prove our condition by praisng ai
honest money that is dishonest, or b.
denouncing cheap currency that 1
not cheap We earnestly invite th
cooperation Of all in an effort TO con
vince the people that the free coinag,
Of gold and silver is the primary es
sential to permanent improvement
and that the continued degradation o
silver can only benefit our foreigI
competitors the lenders, the annui
tants. the possessors Of fixed incomes
and must ultimately destroy as it nov
seriously Injuries the welfare Of thu
country and the citizen"