Mexico weekly ledger., 1898-06-23

"iAnl it is hereby declared to bs the
policy of the United States not to eon.-
init the country more thoroughly to the
gold standard, but that the efforts OF
the government in all its branches
should be steadily directed to secnre
and maintain the use Of silver as well
as gold as standard money, with the
free coinage of both under a system OF
bimetallism which will insure the pari'
ty in value Of the coins of the two
metals, furnish a sufficient volume OF
metallic money and give immunity to
the world Of trade from violent fuctua-
tions in exchange"
Golden Calf worstippers.
Referring to those self appointed Sol.
onions who abuse all who do not fall
down and worship the golden calf, he
said:
"This class Of writers abundantly
abounds in American politics today.
The Chicago Tribune is supposed to be
edited by writers who are governed by
purely intellectual reasons in the forma-
ton and expression of their opinions,
yet The Tribune on Feb. 4 spoke of a
member of congress who differed from
1t on the money question as follows:
"'A conceited ignoramus is about the
most despicable creature who can worm
himself into congress, for he not only
lowers himself in the estimation of the
more intelligent members whenever he
opens his mouth, but disgraces the dis
trics which sent an ass to congress to
represent it
"All this bitterly denounced congress
man had said was that q creditor who
would demand gold when he agreed to
take silver would be a Shylock.
with such an expression from the
Chicago press as his justification, excuse
must be made for the gracious senator
from Iowa [Mr. Allisonj when he de-
nounced in the senate as o smonstrous
proposition declaration which he and
the present courteous president of the
United States affirmed as an important
many years ago.
"Endeavoring to avoid the bad exam
pie thus set me by the gold monometal-
lists Of the Republican party, I desire to
depict in proper language the impor-
lance to that party of avoiding a COM
initial to the permanent maintenance in
this country of the single gold standard
and of renewing its pledges to pursue
bimetallism.
= "Those pledges are fresh in the minds
OF all who listen to me. The first point
ed ~utterance is that of the Republican
national convention Of 1888, as follows:
THE Republican party is in favor
Of the use of both gold and silver as
money and condemns the policy of the
Democratic administration in its efforts
to demonetize silver
SIN the national convention of 1899
the declaration was as follows:
THE American people from tradi-
tion and interest favor bimetallism. The
Republican party demands the use of
both gold and silver as standard money!
"In 1895 the pledge vas less promi-
nent, but in six important words, which
saved the election to Mr.. Mckinley, the
platform declared itself in favor of the
free coinage of silver by international
agreement, which we pledge ourselves
to promote
Mr. McKinley's Pledges to Bimetallism.
Then with a courage rare among Re-
publicans and with q mischievousness
equal to a monkeys he actually laid
sa~crilegious hands on his W president
in words and figures as follows, to wit.
"It was naturally to be expected that
President Mckinley would willingly
carry into effect these six saving words
in the platform upon which he was
elected. On Nov. 5, 1877, while a men,
Der of the house Of representatives, he
voted in favor of a motion to suspend
the rules and pass a bill for the free
and unlimited coinage of silver at the
ratio of 10 to /. The vote was-yeas
1853, nays "a (Record, volume 8, page
241), and the bill passed the house.
The senate amended it by striking out
the free coinage clause and providing
for the purchase monthly of not less
than 81, 900, 900 nor more than 81, O00,-
900 worth of silver bullion and fol-
coming it into dollars. MI. Mckinley
voted to concur in the senate amend
ment. President Hayes vetoed the bill,
but on Feb. IS, 1878, Mr.. Mckinley
voted to pass it over the veto Of the
president-yeas 1876, nays rs (Record,
volume 2, part 2, page 1420), and it
passed the senate also-yeas 46, nays
10 (page 1411), and became a law.
sEn- To-, 90 fCrQ NJ AEoHf0-
voted for the passage of the Stanley
Matthews resolution, to which allusion
will hereafter be made. In 1890 he ad-
vocated the bullion purchase bill, and
his speeches were all in favor of the re-
monetization of silver. On June "a,
1890 Congressional Record, volume 81,
part 2, page 6447), he said:
"'I am for the largest use Of silver
in the currency of the country. I would
not dishonor it. I would give it equal
credit and honor with gold. I would
make no discrimination. Iwould utilize
both metals as money and discredit
neither. I want the double standard
"The result of this controversy was
the passage of the act Of July IA, 1890,
for the purchase Of 4, 500, 900 ounces OF
silver bullion monthly.
"Mr. Mckinley also in his speech to
the Ohio Republican league at Toledo
on Feb. IL, 1891, denounced President
Cleveland because he was hostile to sill
yer and used this most remarkable Ian
guage:
During all of his years at the head
of the government he was ~dishonoring
one Of our precious metals, n of our
w great products, ~discrediting silver
and enhancing the price of gold. He en-
deavored even before his inauguration
to office to stop the coinage of silver
dollars, and afterward and to tho end
of his administration p~ersistently used
his power to that end. He was deter
mined to contract the circulating medi-
um and demonetize one Of the coins of
commerce, limit the volume of money
among the people, make money scarce
and therefore dear. He would have in
creased the value of money and dimin-
ished the value Of everything else