Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1898-10-29

ity with gold. The Republican party
insists that to whatever extent silver
is used as money it shall always be
equal to gold so that no one can be de-
frauded by its use
In asking that silver at tive ratio OF
16 to ] be maintained equal to gold
when its commercial value is not equal
to it, the Republican party S in fact
the true friend Of silver and not its
enemy as the Democratic party claims
We now have 100000 600 or $500 000,-
600 of silver, all equal to gold. If VIC
could safely increase this am Junt and
at the same time keep it equal to gold
I would favor this being done immedi-
ately The Republican party earnestly
favors international bimetallisT and
is working to bring about this result.
I introduced q bin in tie senate to
retire all paper money under IS. This
would put into further use about TO-,
100000 of silver dollars.
Evils of Free Coinage.
If we should have the free and IN
limited coinage of silver at the ratio
of is to l our people would have to pay
in gold for everything they bought
abroad while the nations of Europe
would pay us in silver at 80 cents on
the dollar, for what they bought from
us, thereby reducing the price of our
products just one-half. or forcing us
to have one price in gold and another
in silver for our products. with all the
confusion that would follow. Our ex-
perience with American silver in Mex
leo and Porto Rico tells the whole
story. When our troops reached Porto
Rico the people there treated our silver
dollars the same as the Mexican and
Spanish silver dollars, and refused to
take them except at so cents on the
dollar, but when they found 1t was as
good as gold because the faith of our
government was pledged TO keep it
equal to cold, then they took the
American silver dollar the same as the
gold dollar while the Spanish and
Mexican dollars, with just as much
silver in them as the American dollars,
were taken and received at their COM
mercial value which was so cents on
the dollar Under the free and unlim-
tied coinage Of silver we could not
borrow money and sell our securities
to obtain money to build railroads,
open mines. build factories and de-
velOp our resources. People VIII not
trust a nation that might pay them
back for what they have loaned a so
cent dollar or debased currency, worth
only half as much as the dollar they
loaned. But this question was settled
in 1896 and every day cOnvinces the
people it was wisely settled To de-
clare in a convention for the free coin
age of silver seems like an effort to TO
vive a corpse. AS time goes on the
silver question will grow less impor-
tant because Our people will demand
as they are entitled to, the best money
in the wOrld-and no party can sue
coed that would take it from them and
give them instead inferior or debased
money.
Manufacturing and Shipping.
We have long been the leading agri-
cultural nation and granary of the
world We are soon to take the lead
I'm manufacturing, and thereby become
the workshop of the world. Our ex-
ports of manufactured articles have
doubled during the last 10 years. We
have ALREADY become the second nation
in trade and commerce. having passed
Germany and France, standing second
only to Englnd. When we regain our
| lost shipping which we must do by
proper protection to shipping interests.
we win then become the leading ship
ping nation Of the earth
The Republican party under Presi-
dent Mckinley has been so occupied
with restoring prosperity, strengthen
| ing the national credit keeping the
treasury and government out Of bank
ruDtCy by reason or democratic ms
management. giving life to our indus
| tries employment to our people, a
sound currency, and at the same time
! fighting TO a successful conclusion q
| foreign war waged in the interest of
/ liberty and humanity that for the mo-
ment the shipping interest has not re-
ceived the attention it deserves. But
| the Republican Darty viii see to II that
| this important branch of industry will
/ have proper attention, and the day soon
/ come when we shall cease paving out
/ to foreign shipowners every "a hours
| 81 600 900 In gold for carving what
| we buy and what we sell. This can not
| go on. The people are becoming
! aroused and demand that American
! owned and American-built ships shall
! carry American commerce in every
! port Of tho earth.
| In the effort 7 made as your senator
\ TO restore American shipping, I met
| the determined opposition Of fOreiP1
! shipowrers who own and control 50
| OF the Is steamship lines leaving New
/ York for al nOrts Of the world. It Is
| said some If OUr large shipping inter
! ests have cOThined with foreign ship
/ ping coWp9oias to resist any legiela-
! tion that wiz improve American ship
! ping and bu.I M merchant marine.
War with spain.
IN entering up0n the war with Spain
the country had less than 25.0OO sol