Daily capital journal. (Salem, Or.) 1896-1899, 1898-02-07

it makes the debts Of the county more
valuable because these debts must be
paid in dear moneys consequently
those whose wealth consists mustly in
ownership of debts, such as stocks,
bonds aud mortgages will be benefited
and consequently they favor the gold
standard. Two classes OF society Will
be benefited, the owners and Lenders
Of money. Now let us see who will
be injured by this rising gold standard
unit of money. The merchant gets
in his stock: before he has IL disposed
Of, the price Of the goods he has
comes down and in order to meet
competition, he must meet with loss.
Then perhaps his neighbOr being still
more unfortunate meets with failure
and then follows the bankrupt stock
at forced sale to farther demoraliZe
prices, all of which he is forced to
meet. Then comes the banker to his
rescue, and kindly assumes the
knightly prerOgatiYe Of allowing
the merchant to still do busi-
ness providing, however, that the mer-
chant must do the work. must stand
the losses, but the profits, If any,
must he securely turned over the
banker. So the gold standard will
ruin the merchant.
The manufacturer stands precisely
In the same fix as the merchant; ii
means ruin to HIM TOO.
To the working man it means low
wages, loss Of employment and periods
OF enforced idleness, so the gold stand
ard will ruin and destroy him also.
To the farmer it means more hard
ship and less pleasure, more work and
less rest, lower prices and higher
taxes, d in many instances the loss
OF home, breaking up of family ties,
and the scattering Of his children TO
the four quarters of the globe, there
fore IL will ruin or enslaYe him and
therefore he must be opposed to the
gold standard.
Applying the primary principle Of
good government to the gold stand
ard, that is, the greatest good to the
greatest number, it cannot stand,
therefore like Cato, l say it must be
destroyed.
Now what shall we do tc be saved =?
Simply this-we know that the
strength of the gold standard is and
will be sheltered in the Republican
party it has no other place to
go--the candidates nominated by that
party will carry out the scheme OF
Lyman Gage, the people must defeat
them. They may be excellent men,
they may be our warmest friends, they
may be among our best citizens, but
behind their virtues turks the foe of
and it must be destroyed,
and those who stand for it must be
defeated, from congressman to con-
stable let not guilty man escape.
How can we do this? Only by
running one set Of candidates against
them. We have the POpulIsts who
favor the free coinage of silver and are
to the gold standard. We
have Democrats who are the same.
We have Silver Republicans who will
also Sand by the people. Let us unite
and destroy the gold standard Let
each faction share in the honors and
of defeating the gold
standard and we will drive it from the
free soil of this continent, and then
this victorious tidal wave will not
stop with us, but it will sail across the
A tianii3 and will beat and beat
aeu at the thrones of Europe and the
gold standard will go down before it,
and bimetallism will hold aloft the
standard of humanity. and interna-
tiOnGl blmetallsm will not have to
wait until John H Mitchell shall have
built his railroad to the planet Mars,
and therefore / shall vote that the
gold standard shall be destroyed.
GEO. +. ALLEN.