The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-16
SILVER MEMS ADDRESS
CHAIRMAN JONES. BUTLEh IND
TOUNE EACH MAKE Az AFPEfL.
Little 1hat l. New Advanced ~ "a Reason
for their Faith-ihe unePui'oc''' "'
fora Gold standard Harped On

WASHINGTON. Feb. 1.-THE address,
es on behalf Of the Democratic Popu-
nsts. and silver Republican parties
which are the results % conferences
which have been In progress among the
readers OF these parties at the capitol Tor
the past few weeks. were issuea to-day
They seek to unite tho members Oh the
three parties in future elections upon the
financial issue as the question OF para
mount importance and are separate APP
peals to each OF the parties 10 consoh-
cate all along the lines Tor this purpose
The address 10 Democrats IS signed b.
Senator James j. Jones, OF Arkansas,
chairman of the Democratic Na-lohaI
Committee, and is endorsed by me Deilo-
cratic Congressional Committee ihht 10
the Populists by Senator Marion But
Ter, chairman OF tho POpuiisl Nanohai
committee. and twenty-five osher fopu-
list members OF the Senate ana hpu7e'
mat OF the silver Republicans ~ Dhilr-
man Charles Towne and the Silver Re
publicans i'm the Senate and House and
also by ex-senator Dubois.
JONES ADDRESS.
The Democratic address is as iohoWs.
"'ro the People: The surrender OF the
Republican party to the advocates oil the
gold standard and monopoly Us az last
complete. The present administration
called 10 power upon the solemn pledge
of the Republican National Convention dt
81. Louis. 10 promote bi-meiallism, has
formulated and sent 10 Congress a bii'
the leading purpose Of which the hohoI-
rHrHH no FHfHHa d
10 commit the country more thoroughly
10 the gold standard.
"The country has already. for twenty
four years. been so thoroughly commit
ted 10 this standard. partly by Law and
partly by the usurpations of the eNecu-
tive branch of the Government, that It's
effects are seen and felt on every mana.
wages are reduced. work is harder TO get;
the weight of debt is doubled; the value
OF land and otner property is reduced one
half or more. until the lives OF the people
are made bitter with hard bOndoec.
IT is certainly not IA the interest OF
humanity to have this condition OF
things more thoroughly established. The
continued rise I'm the value OF gold ore,
which is tho same thing. tho continued
fan Of prices, must inevitably transfer
the property OF all those engaged In ac-
tive business. the actual creators or
wealth, whether by hand. brain or capi-
tai. TO those who. avoiding the risk and
euorts OF active business only draw in
terest.
VAULE OF MONEY.
"The increase OK 1ij per cent i'm the
value of money. caused by its increasing
scarcity from 1879 TO lA9. as admitted Dy
leading advocates of the gold standard,
found expression al that time In extreme
w low prices ana unparalleled distress.
The discovery of gold in extraordinary
quantities. and the great Increase I'm the
volume OF the metallic money resulting
rherefrom. relieved this distress ana
brought I'm it's stead wonderful prosperity.
Prices rose. business fourshed. producers
prospered. on were happy. sub ;ahilail.
This condition would have continued u
both precious metals had been allowed 90
remain in use as money. because they
were being found in nearly sufficient
quantities 10 increase the volume 81 money
I'm proportion 10 the development OF Dusi-
ness.
"Bv conspiracy. however one ~ them
was deprived of its power. This was
done with the deliberate purpose OF rais-
Ing the value of the other by rendering
.he supplv OF metallic money relatively
From the hour OF the cOnsummation 81
this crime mankind has suffered CONNER
clal disaster and social distress IN almost
constantly Increasing measure. Just ln
PROPORTION 90 the growth Of arts and
civilization and the expansion OF CONF
merce. business and industry, the made
ouacv Of the volume of gold is felt. its
scarcity IS emphasized, lbs value in-
creased.
"rhe repression OF life and happiness
which is insepara1le from long course
OF declining prices. has now checked de-
velopment. and if continued. Will ull-
mately stihe civilization. An eminent
American. President Andrews. OF Brown
University. some years ago SAID.
NATIONAL DEBT
o. our national debt on September ]. 1860
was two and three quarter billion dollars
o. could then have been paid on WIN
eighteen million bales OF cotton or TWEEN
ty-hve million tons OF bar iron. Wren ''
had been reduced 90 a billion and "a
quarter. thirty million bales Of cotton OF
thirty-twO million tons of ir0n would nave
been required to pay for it. Ia other
words while a. nominal shrlnkage OF
about - per cent had taken place in the
debt. 30 had as measured In either OIL
these two world staples, actually been
enlarged by some 30 per cent
Although more than half the principal
Of this enormous debt and every cent
of accumulated interest had been paid
by the labor Of the United States th'
hOl lers of the bonds still hold "a claim for
more Of the labor of the people than they
held before these enormous pawn nts had
been even begun. This cruel coniiscatlon
Of the lives and liberty Of the laborins
millions of this country is The most stu
peudous crime that has been committed
in the annals OF civilization. Unless a
government 'of the people by the people
and for the people has persisted from the
earth. surely the present boldly avowcd
scheme, not only To continue but 20 in-
crease these evils will not Do permitted.
NATIONAL BANKS.
I'm addition 90 this purpose of more
thorougLiy establishing The gold stand
ard the pan OF the administration rs 20
retire the paper money OF the govern
ment. 10 issue gold bonds. and 10 IN
crease the power. provisions and pronts
OF National Banks.
The retirement OF the government pa
per money must reduce the volume OF
circulation and while the Secretary ad-
mits that the contraction Of the currency
would be more ruinous in two years than
interest on n Ike amount or Dcnds Tor
forty years would be he calmly informs
us that the national banks VIII prooao.y
issue sufficient amount Of money TO
prevent this enormous suffering. The
National banks are not 10 be required
10 redeem their notes I'm gold but IL is
arranged that the United States shall do
so on demand and after having done so
the government must be content 10 have
the National hanks reimburse 10 ian ANY