The San Francisco call., 1899-09-25
AND THE GOLD ST aNDARD.


and renewed attention is paid to issues which
have to some extent been overlooked by reason OF
the general in the questions raised by the
war in the Philippines. Among these issues that OF
confirming the gold standard and reforming the
currency laws of the nation naturally comes frst,
and it is gratifying to note that despite opposition
from certain class of Republicans the sentiment OF
the party and its leaders and representatives IS
strongly in favor of the enactment OF comprehen-
sive act upon the subject at the coming session OF
Congress,
Representative McLeary OF Minnesota, who is one
OF the best informed men in Congress on currency
questions and who is in close touch with influential
Republicans in the House, has recently declared
sanguiue expectation that the issue will be one OF
the first to be taken up during the session. and that
the plan outlined by the Atlantic City conference
will be substantially adopted That plan it will be
remembered includes a declaration for the gold
standard SO formulated that only by act of Congress
can the monetary standard be changed, the protec-
ton OF the gold reserve from what has been termed
the endless chain,' the authorization OF bank note
issues to the par value OF the United States bonds
deposited as security and the establishment OF banks
in less populated communities reduced capital.
The Republican State conventions which have
been held this year have strongly and clearly de-
clared for the gold standard and scientific revision
OF our currency laws. Moreover these platform
promises have been enlphatcaly repeated by the
candidates nominated upon them From one end OF
the country TO the other the voice OF sterling Re
publicanisrn has been unmistakable on that point,
and the few time-serving politicians who counsel
delay or compromise have had influence what
ever either in the party conventions in the cam
paigns.
In opening the Republican canvass in Ohio on Sat
urday Judge Nash reminded the voters OF the State
that the money question is still OF the issues OF
the politics Of the country and could not be evaded
either by the people or by Congress. The Demo
cratic party" he said continues to demand the free
and unlimited coinage of silver and gold as equal
in primary money at the ratio OF 10 to l., and if
Ohio give its vote to that party the effect would be
to revive the whole agitation and once more disturb
the finances and the industries OF the country. "Our
prosperity" he added, is due to the determination
OF the American people to maintain nviolate and
forever sound financial policy in this land
By the elections in 1896 confidence was restored in
the financial integrity of the people OF the United
States Hence, those who controlled capital were
willing let it seek investment in railroads. manu-
features and commerce The unemployed no
longer idle. Those who worked only one-half time
and for half pay reaping a full harvest"
These stalwart declarations for the right are the
more gratifying because as the Philadelphia Public
Ledger has pointed out: Certain Republican jour
nalsts and politicians profess that the currency laws
are good enough they that what is essential
the retention of the Republican party in power and
the maintenance OF revenue laws that shall avert
deficiency in the Treasury. This view OF the stua-
ton is chld-1ike and bland rather than convincing
1t ignores the possibility OF contingencies that
not definitely be anticipated in time to make prep
aration for unusual demands on the Treasury"
The business interests OF the country require
prompt settlement Of the whole money question.
The gold standard must be confirmed and the
fusion the currency laws brought to order by the
adoption of scientific and sound monetary system.
That is OF the things expected OF Congress at
the coming session, and it is encouraging to note
that all signs point to the conclusion the expectation
will be realized