The Owosso times. (Owosso, Mich.) 1897-1926, 1897-11-05

Special Correspondence;

WIN the srauual dying out of the free
silver issue throughout the country, consid
, cradle interest is awakened as TO what IN
/, leaders of the democracy will choose as IN
! basis OF future principles upon which to q
before the country and the voters of In,
United States. Not little curiosity is mani
: Tested here as to the exact status of the new
political party which Is said TO he In a stat,
of organization and which is denomInate,
: the National Paper Money party, which
promises primarily to devote itself exclu
sively to the currency question as the frs
7 and greatest issue before the country. The
tariff question Is to be relegated TO the rea,
and all the other Issues which have been the
mainstay of the old democratic party are to
be side-tracked as side issues of only minor
importance.
1t Is well understood by close observers,
and in fact by all intelligent readers of the
newspapers, that the wing of the democratic
party which last year adopted free silver as
Its cardinal principle has been gradually dis
migrating owing to the growing unpopu-
larlty OF the silver cause, and that while
some OF Its supporters still cling to the free
coinage idea, large proportion of them are
casting about for another issue which will
be more likely to take with the people as a
campaign issue In the fight of 1900. A pre-
iiminary meeting of the new paper money
party was recently held In Chicago and ar
rangements were made to enter the con-
gresslonal campaign of next year. 1t is
claimed that the new movement has made |
some Roadway in the western states, and |
That clubs have been organized In San Fran
CISCO, Kansas City, and other western cities.
Pure hatism, no metallic basis of currency
and no redemption, is announced as the
motto OF the new movement. This resolves
itself into old time greenbackism pure and
simple, and will doubtless find many sup
porters from the ranks of the silverites who
have always believed in greenbackism and
nave tolerated silver simply as means to
the end. The new party promises to devote
Itself to the single plank of greenbacksm,
government paper, issued and
entirely by congress, legal tender :
'or all debts and not redeemable. Congress .
Will be called upon to stop issuing all gold,
'iiver, and bank paper money, and to issue
'nly national paper money for the use of
ne people. The money now in Giro ulatou 5
the country will be recognized for its face !
alue, but no more of the kind will be is !;
ued. Ex-Gov. Altgeld is said to be in favor !!
the movement, but expresses the doubt 2
nat the people of the country are not ready
accept the fiat scheme in toto; in other )
lords, that they are not yet educated up TO /
Frequent declarations were heard dur z
g the campaign of last year that free q
liver was but necessary stepping stone to =
10 true money of the country, viz: paper -
lrrency. 1t was frequently asserted dur 81
& the last campaign that Altgeld was 4
ore OF a greenbacker than free silverite q
ID the following words of the governor ~
ould seem to corr0borate the claim: "Agi- S
lion In the paper money direction is good: 81
ID 1t may take only spark to cause the -
lie to turn, but think it will take a long q,
ne to educate the people to adopt the cor. al
It system" 1t is the purpose of the new SSSEE
rty to commence the work of education
mediately, and the hope Is that much of
dlsmembered democracy will be united
der the standard of true fiatsm and in
ion. of
What the new movements will result in wi
be interesting to watch. That disinte- tul
ton is steadily going on in the democrat of
md silver parties is beyond question, but owe
at new phoenix will arise from the ashes of
one can at this period tell. The follow. tiv
OF Bryan, under whatever name, still sid
srt that there has been no real revival of ,ro
sperlty In the country or Improvement in ;s !;
mess. Business men know that this is oh;
SO, but there are great many people co..,
have no such personal experience TO II,
lie them. A million or more laborers
'se wages have been increased or who
found employment after long ideness :.
W that this is not so, but there may be
ions more who have not had any such r. -
'rience. But the volume of business ac- -
~ transacted as shown by the bank -,
$1,000 'HN OuoihVoo otdtcuitnLS SHOWS
10 business man that general and great ''
rovement Is at hand. a
'nsiderable satisfactory comment Is oc- VI VI
med by the appointment by the presi- WIN
OF Mr.. John A. Kasson as reciprocity ooo'
missioner. The reciprocity features of mug
Mckinley law were carried out by the M :
department, which occasioned much III
7, owing to the slow and tedious rou- Pear
Df that department, and the need is now Thur
or better and quicker transaction of Mrs.
work required under these fea- Dana
OF the DingIey law. Although an ex- Bald
lent under the Mckinley law, reciproc- Char
as proven a most satisfactory under Lis
8, and one of the most serious blund- Owos
the democracy in 1894 was in the re- jaime
II all reciprocity features of the tariff K. ia
he resembling Of all special agreements Colm
ID into under the Mckinley law. The Walls
3D. policy of the democratic admisis- Mrs.