Lexington gazette. [volume] (Lexington, Va.) 1871-1962, 1898-02-23
ANTI-GOLD AND MONOPOLY.


sos ON behalf Of the Democratic, POI u
list. and Silver Republican parties,
which ar the results Of conferences
which have been in progress among
lhs leaders OF the parties at the Capt.
toll Tor he past few weeks, were issued
to-day. They Sc to unite the mem
bsrs of the three parties in future cleo
tons upon the financial issue, as the
question ofpiro mount Importance, and
are separate appeals to each Of the par
ties to consolidate all along the line
for this purpose
The address to Democrats is signed
by Senator James X. Jones, OF Arkan-
sas chairman OF the Dem cratic Nation
Il Committee, and is endorsed by
the Democrat, gressional Commit
tee I; that to the Populst by Senator
Marion Butler, chairman of The POpu-
list National Committee, and twenty
five other Populist members OF the
Senate and the House; that OF The
silver Republicans by Chairman A.
Towne, and the Silver Republicans in
the Senate aud House, and also by ex-
Senator Dubois. .
The Democratic address is as fol
lows
90 the reople.-Ihe surrender Of
the Republican party to the advocates
of the god standard and thu monopoly
is at last CO mpltte. The present ad
ministra ion, called to power upon The
solemn pledge Of the Republican Ma
tional Convent on at ST. Louis o pro-
mote bmetallism, las formulated and
sent to Congr, SIS a bill, the leading
pulpcse of which. The honorable Sec
retarv of The Treasury .avows, is ste
commit the country more thoroughly
to the gold standard"
THE country has already for twenty
four years, been 50 thoroughly com
nit ed to this standard, partly by law
and partly by tie unsurpations OF the
executive branch of the government
TINT It's effects are seen and fit on
every hand wages are reduced WORK
is harder to get; the weight OF debt is
doubled 4; the value of land and other
properly is reduced one half or more
until the lives of the people are made
bitter with hard bondage. 1t Is cer-
taiply not in the interest Of humanity
to have this condition OF things more
thoroughly established.
"The continued rise in value OF gold
ore. which is the same thing as the
| continued fall of prices, must inyarl-
ally transfer the property Of all thos;
engaged in active business, the actua
creators OF wealth, whether by hand
: brain or capital, to these who, avoiding
| the risk and effort of active business
only draw intsrest.
"The increase of 145 per cent. Il
| the value of money, caused by Its IN
crsasins scarcity from 1909 to 1919, a
admitted by leading advocates o
tie gold stan dard, found expression a
that time in extremely low prices, AM
conditions Of unparalleled distress. Th
discovery of gold and silver in extra
ordinary quantities, and the great IN
crease in the volume OF metallic none,
resulting Their, from, relieved this dis
tress, and brought in its stead won
delful prosperity. Prices rose, bus
ness honrished, producers prospered
all were happy. Substantially, tn
condition would have continuedif bot
the precious metals had bee
allowed TO remain in use as money, b.
Cause they were being found in near
sufficient quantities to increase II
volume of money in proportion to II
development of business.
CONSPIRACY AGAINST SILVER.
"Py Il conspiracy, however, one
t en- was deprived of Its power Th
WAS done w TIN the deliberate purpo
of raisn the value of the other,
ndering the supply of metallic mon'
ielaty, " sc arcer, as compared WI
the demand. From the hour OF t
consumma ION of this crime mankil
has suffered commercial disaster n
social distress in almost constant
incre sin O measures. just IN pi
portion to the growth of arts and CIV
g cation, and ths expansion OF CONNER
business, and industry, he inadequa
k OF the volume of gold is felt, its scar