The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1898-03-25

lnAtlon against eltner metal, make silver
fun legal tender for all debts public
and private, declare all contracts calling
for gold pay ment void. and PAYABLE il
any lawful money OF the United States
and there will be trouble about main.
tanning parity Today we have a vast
amount Of silver dollars in circulation
all on a parity with gold How are they
kept on parl,yf Simply by granting
20 them the 'ights OF full legal tender.
The aw saws that Ii shall be the policy
of the COVE nmens to maintain the two
metals at parity. But under this
declaration the work Of maintaining the
parity has nsen greatly strained.
The treasury hae been transformed
into pawn brokers Office, the Sec. Of
'he Treasury has surrendered the op'icn
OF redeeminx government obligations in
either gold or silver, and the ga nblere
in gold have come aud took the gov.
ernment by the throat aud demanded
me certain kind of money in payment OF
in the contract, and by this policy the
bonded indebtedness OF the government
was increased during the Cleveland
Admiuistra ion $685., ,OOo. 900. That lie the
-sult Of the parity policy which my
friend lie advocating
The only correct way 10 restore and
nain,s,u .na former relative vaue be-
tween gold aud silver to fixed ratio, Is
TO open the mints to the free aud un-
uni ed coinsye of both, and without
/ d,ss,,mina ion. Again Mr.. Wright
sa>s: I've ART the best prepared OF any
aslou on earth TO mAiutain the gold
standard. By 80 doing We will become
tue rr,dltor aation of the world, our
n"rev wit be pught from abroad; the
DAtey Zen 'er will he changed from Lon
Ion 30 Nav York, aud money will oe
nansd t" borrower on ,ohg time. at from
&, 1 oe, sn. per aunum." II this
sumption is correct, theu I confess !
zy.ow nothing Of history,
FeI 25 ears We have bsea trying to
maintain thu gold standard. and what
1ss bsen ths result? It has given the
home.steads of thousands of toilers to
the cr.ditvr. L has placed one third of
r-ilwav mileage Of the United States
ia the hanis Of receivers. it has given
idleuess To millions OF would be toiier'
L. shop aud ti4ld, 1t has given rroduc
tive capital TO scope Tor use and little o
no returns for risks assumed
I las given this silver miner ruin
1T has given the farmer at one time lee
han 10 cents for his wheat AID III
cotton planter cents for his cotton.
has pronuced crop of defaulters AM
crimina until our jails and prisons over
How, mobs. rio.s, suicides and strike
are everyday, occurrences, the hOrde'
Indebtedness of the Unitad States ha
been increased over 262 millions Of dol
iars a year. and today it requires twie
the products OF human toll to buy one c
these "honest gold dollars." that il di
. in 1873
If We are the rest prepared nation Q
earth to maintain the gid standard. .
say, God pity the balance of then
: There is only way by which our fe
may be guided and that is by tie Ian
of experience. And il during >25 yea
in which We have tried to maintain Il
gold standard there has been anythil
aetIiorth to indicate that We would b
come the creditor nation Of the worl
Z that the money center wo7ld be chang
- from London TO New York. and tn
money would'b losned to the borrow
le at 2 TO per cent. would like to ha
II it demonstrated.
l Prior to 1873, but two nations Ensis
r and Portugal were upon gold bas
They had . population oI $4,000. .000
y p.ople. Today the same amount OF q
ne ls divided among the $50, ,9e0 900 o. p,
.h PIE who have adopted the gold sfsncal
o The struggle for god continues, and
er nisr diminishing money standard !
l. could become the creditor nation OF I
ID world, then Mr. ~right's theory is c,
q rect. But again Mr. Wright says: :
ar will not do to havs two standards. I"
myself have never found or heard
ne party that adopted two standards,
,w the present day. IL may be that 1
ed perceptibis faculties are not good. or I
<. understanding is at fault, but if l c
:" read rightly, the Democratic party is
Is day advocating true money stands
OF composed OF two metals. and that is
Il that any party ever advocated. n
ar Wright tells ns that the Democratic pi
10 ty was always in the lead for con
lie and stable currency. and that in 1865
it declared for one money only. But
Y. failed to tell us what kind Of q Non
of syetem that was.
10 The poor gold Democrat 'shere is
in a." be canno. join tn. Republican pa
or ~ On account Of i,s tarf policy.
be cannot staY with the Democratic par
% os account OF It's fozncial policy.
of He is like The lest shesd of the hot
m OF I-ia.l.
il Ava. on the mountains Wild and bare
,ai AVA. FROM f',e tender shepherds ca
= o. in he IL .tJ' is beard his cry
ef Sick and hslpiess and readv to die
ne CLIFF ABRAMS.