Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1897-07-31
Sacrilege.

with re-affirmation that
allegiance to the principles of the party
as formulated by Jefferson and exemplifed
by Madison and Jackson.
For the benefit of our rabid free
coinage democrats the JOURNAL asks
whether they are deserting the idea
of government money manufacture in
endorsing the following "principle' as
formulated by jefferson ?''-
The proportion between the value of gold
and silver isl mercantile problem altogether.
And have they abandoned the de-
termination to make coin silver at an
arbitrary ratio whether foreign coun-
tries. do or not ! If so, how can they
re-affirm the balance of Mr. Jefferson's
"principle ?"--
Just principles will lead us to disregard
legal proportions DC to /, for lnstance) al
together, to inquire into the market price of
gold IN the Seuerdl countries with which we
shall be principally connected in commerce
and to take an average from them.
Now let us see how Jeffersonanism
twas exemplified by Madison and
Jackson"
In 1906 Madison, Secretary of State,
at the instance of president jefferson,
ordered the coinage of silver dollars
stopped, thereby limiting the circula.
ton to pieces not larger than half
dollar.
And. excepting LOCO pieces Silver
dollars.) that order held force until
Martin Van Buren, became president.
even jackson 'exemplifying" the JEFF
fersonian ''principle" of demonetiza
ton during his entire executive career.
But the populistic portion of the
democracy who want more money
based on the credit of the country"
certainly do not re affirm Jackson's
reply to commercial committees pro-
testing against the removal of the
government deposits from the United
States Bank. One # these told him
that
all who traded on borrowed capital must
break.
HE knocked the ashes from his
pipe" says the chronicler, land calm
ly remarked that
all who traded on borrowed capital ougl,t
to break.
If that is Jetfersonian principle
exemplifed by jackson, the prospect
for those re-at1irmants who want more
money on any sort of credit is not
cheering.
The truth is, however, the German
democracy has no right, title or inter
est i'll democratic antecedents. 1t has
no more right to cite jefferson than
the devil has to quote Scripture.
Concerning Some Unwise Suggestions.
There is little to add to the caution
given by the JOURNAL last week.
The professional labor paper may
babble of minor evils, but there are
contingencies, in no part or degree
imaginary, which outweigh all the
complaints that can be conceived by
men and institutions whose business
seems to rest and thrive upon foun-
dation Of discomfort.
The JOURNAL heartily wishes that
the Western miners will be able to re-
cover what they have lost in wages and
privileges.
But why their success in regaining a
position still far below ours should be-
come occasion for agitation here is be-
You'd understanding.
Before taking such advice, gentle
men, weigh both sides of the argument.
The suspension which secures 5 cents
a ton and loses 9 times that much in
market, is disastrous failure!
The suspension which secures "full
weight IN pounds and loses tonnage
in market, is equally disastrous fail
ure
Indeed, the conditions here are
such that even if the miners win in a
suspension they lose!
Zone more such victory said some
great patriot, land we are undonen'