West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1898-10-20

cry OF the Republicans was "Open the
mills, and not the mints." Owing TO
reduction in wages, in New England,
there was a general strike among the
manufacturing industries. The cotton
and other mills were either closed or
run on short time. Like conditions
nave existed in other sections, notably
In Pennsylvania, West Virginia and the
Western States. The wages OF the
workigman have not advanced. and
now coul they under the prevailing
circumstances? The manufacturer Is
getting less for his goods; the producer
less for his steel and iron; the operator
less for his coal; the railroad eompa-
MES less for transportation than pre-
Vious to the election of Mckinley.
DIFFERENCE BETWEEN PARTIES.
1t may be well TO draw attention 10
the principles which separate the two
great political parties to-day. AS
understand them they are as follows:
REPUBLICAN:
l. Favor gold or single standard, and
oppose silver as money.
2. High protective tariff.
8. Retirement of greenbacks, which
pay no interest.
only.
5. Large standing army.
D. Republicans In several States. and
especially in West Virginia, oppose
civil Service Reform; formerly favor
ed 1t.
z. Strong central government.
8. Acquiring foreign territory.
DEMOCRATIC:
l. Use of both gold and silver as
money.
2. Tariff for revenue, with incidental
protection.
3, Against the retirement Of green
backs.
T. Payment of U. S. bonds in either
gold or silver, according TO contract.
.. Against large standing army.
g.. Honest collection of revenue. and
economical expenditure.
2. Against Capitalization OF power,
and for home rule.
8. Follow advice OF Washington, JEFF
ferson and Monroe. to avoid foreign en-
tangling alliances.
GOLD AND SILVER.
The founders OF the Republic were
~far-seeing men. Washington and his
associates established a government up
on a new principle-upon the consent
OF the governed. They founded a re-
public not for a day, but for all time.
The Declaration OF Independence. the
Constitution, and the basis Of our laws
are all heritages derived from them.
While Washington, Adams, Hamilton,
Jefferson, and other statesmen Of their
times differed widely on many subjects
of public policy, they were all united
on the question of a double standard OF
gold and silver. They provided that
these metals should be the money OF
the country; that there should be free
coinage for both, and the use OF gold
n silver continued from Washington
TO Grants administration. Under the
double standard established By the
founders OF the government we pros
pered as no other nation ever did. and
why should We abandon a system thai
has served us so well?
In 1873 the Republicans demonetized
silver. Business depression began. and
before the year closed a panic came.
For five years there was general dis
tress; but in 1889 when specie pay
ments were resumed. and the coinage
OF silver was partially restored. eondi-
tions improved and we had what we
called good times, until the coinage OF
silver was again suspended.
Gold and the great money power have
ever been close friends. Silver and De
mocracy have always been allied. Eng
land and Germany gave way TO the in
huence of long established wealth. and
suspended the coinage OF silver. They
created the gold standard, and the Re
publicans have adopted Il. Until then
gold and silver had maintained their
parity and no one had thought OF lts
disturbance. After this decentralization
OF silver. the bullion value began IA
decline. Will II be denied that N the
foremost countries Of the world should
discard the use Of gold as money. and
treat It as they have silver. that the
bullion value Of gold would decrease
and silver lncrease2 7 do not fear the
free coinage Of both metals as much ae
I do the placing OF this country on =
single standard. a fact that nav moi
be generally known. and which Is In
teresting IN this connection, IS that fhe
amout Of gold and silver in the world
Is about equal.
WORLD.
COLO "......-.........$ 1888. 800. COO
silver 1855. 706. 500
UNITED STATES.
COLD 5000. 270542
oltFeI ga h0g 1Rf
England and Germany are money
tenders to other nations. They natur-
ally want obligations paid On the money
Which rs the hardest TO get. and there
fore the dearest They are ready to do
IN 2 financial way whatever viii de-
p%reciate silver and increase the value
OF gold.
BONDS.
During the last session Of Congress
senator Teller Introduced a resolution
testing the position Of The various mar.
ties on the gold and silver question
and the Republican members incind.
ing tho four C0ugrcasmcn from fbfe
state, voted in favor OF the pavmenl
Of United States bonds in qold
The greater portion OF these bonds
were paid for IA paper money. worth
on the dollar from IS TO so cents In
eoid ~ the ayefage was 66 cents. the
bondholders would receive fhree dol
lars Tor every two invested. The laws