The Caucasian., 1898-02-24
THE DEMOCRATIC
AND REPUBLICAN
National Chairmen Issue an -Ad.
Dress to the Silver Men of
Their Parties.
TaEY FAVOR COOPERATION

THEY FAVOR COOPERATION
vi All she Bimstaiists to Ovs,sh,o a.
"o'd Ring-Doss not REQUIRE s.rr..s
OF rarty Convistions-sgo Need .. A,.,-
do" Party-But Unity for +. Comma,
Ososs to Gain Victory.
DEMoCRArIo ADDKE.x
10 THE PEOPLE: The surrender Of
the Republican party to the sdvo-
Gates OF the gold standard and mo-
nopoiy is at last comolete. The
present administration, called IN no.
or upon the sole mn pied oe of the Re-.
publican National Conv entiou at 81.
Louis to promote bi-metallism. hax
FORM ulated and sent to Conpress a
niii' the leading purpose Of which.
the honorable Secretary of the
treasury avows is ITO commit the
country more thoroughly to the gold
standard" The country has aIresdv.
Tor twenty-four years, been 80 thor.
oughly committed to this standard
partly by law and partly by the
usuTpations of the executive branch
OF the government, that it's effects
are seen and felt on every hand !:
wages are reduced; work is harder
70 get; the weight OF debt is d oubled !:
tne value OF land and other property
Is reduced one-half or more, until
the lives of the people are made Bit
ter with hard bondage 1t is Ger.
,a'nly not In theinterest of human
ity to have thisIcondition of things
more thoroughly esta abliahed.
Inc continued rise in the value of
gold, which is the same thing, the
continued fall in prices, must newt
ably transfer the property of all
these engaged in active business.
the actual creators of wealth., wheth-
er by hand, brain or capital, to those
who, avoiding the risk and efforts of
active business, only draw interest.
The increase Of las per cent in
the value OF money, caused by it's
increasing scarcity, from 1909 to
lS40. as admitted by leading advo-
Gates OF the gold standard found
expression at that time in extremely
low prices and conditions of unpar-
alleled distress. The discovery of
gold and silver in extraordinary
quantities, and in the volume of me-
tallic money resulting therefrom,
relieved this distress, and brought
in its stead wonderful prosperity.
Prices rose, business fiourished, pro-
ducers prospered, all were happy.
Substantially this condition would
have continued il the both precious
metals had been allowed to remain
In use as money, because they were
being found in nearly sufficient
quantities to increase the vol
ume in money in proportion to
the development of business. A
wicked conspiracy, however, de-
prived one of them of the money
function. This was done with
the deliberate purpose Of rails.
ing the valueof theother by
rendering the supply of metallic
money relatively scarcer as com
pared with the demand. From the
hour Of the consummation Of this
crime mankind has suffered com
mercial disaster and social distress
in almost constantly increasing
measure. just in proportion to the
growth of arts and civilization anC
the expansion of commerce, bushes.
and industry, the inadequacy of the
volume of gold is felt, its scarcity
is emphasized, it's value increased.
The repression of life and happi
ness, which is inseparable from
oe laalintnn nrinnc has
now checked development and i
continued, will ultimately stifie civ
ilization. An eminent American
President Andrews, of Brown Uni
versity, some years ago said: lou
national debt on September l, 1865
was two and three quarter billions
it could then have been paid off will
eighteen million bales of cotton, o.
twenty-five million tons of bar iron
When it had been reduced to q bill
ion and q quarter, thirty millio
bales of cotton, or thirty millio
tons of iron would have been r.
ouired to pay it. In other words
which a nominal shrinkage OF abou
fifty. Ave per cent had taken place i
the debt, it had, as measured
either of these two worlds staples
actually been enlarged by some lift
per cent
Although more than half the prin
ciple of this enormous debt an
every cent of accumulated lntere
had been paid by the labor of Il
United States, the holders OF Il
bonds stih hold q claim for more
the labor of the people than tht
held before these enormous pa
ments had been even begun. Th
cruel confiscation of the lives III
liberty of the laboring millions
this country is the most stupendo
crime that has been committed
the annals of civilization. Unless
government "of the people, by &
neople and for the people, has pr
ished from the earth, surely {
present boldly avowed scheme, n
nnlv TO continue, but to increa
these evils, will not be permitted.
addition to this purpose OF mo
thoroughly establishing the 60
standard, the plan OF the admin
trstion is to. retire the paper mon
of the government, to issue g<
bonds, and to increase the pow
privileges and profits OF n"tior
banks.
The retirement Of the governms
paper money must reduce the '
pme of circulation and while
Secretary admits that the contr'
t;on of the currency would be m'
ruinous in two years than inter
on a like amount of bonds for TO
wears would be, he calmly intor
us that the national banks will pr
ably issue q sufficient amount mount,
money to prevent this enorm'
amount Of suffering. 4.
The national banks are not TO
required TO redeem their note notes
gold, but It'll is arranged tnaI
United States governmens .ue
40 on demand; and after having q
z-~.u ~ ant muak be cont