The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1899-12-08
PARTY.
schemes of the Vcpub-
81 method of EiuaD-
cicrine.


81 Method OF Fiuab-
cicrins.
has CONE 20 light that the God and
fality party is not in perfect accord
tn itself on n question of high flnan-
Ial morality. There is agreement upon
I'the general proposition that there can
be no real financial morality without the
cold standard, but after that there Is
divergence. The nature OF the differ
ence can best be understood from
statement Of facts.
In accordance with the general prin-
clple that the honor Of the nation, its
| credit and its financial well being de-
mard that all obligations OF the United
States shall be paid in gold unless other
wise expressly stipulated in the con-
tract, and that all possible doubt upon
that point shall be removed, the house
caucus committee has framed bill de-
claring plainly that gold Is the sole
| standard OF value in this country and
| that all bonds and other pecuniary obi
cations. except as above stated, are pay
able in gold.
All that looks very direct and straight,
forward. Upon the general principle
| laid down there should be no objection
to il. But we hear that the thrifty re-
publicans of the senate do object very
| strsnuouSly. They say that II they
should concur in the passage OF a house
bill containing radical gold standard
| provision they would destroy one Of
The best means OF refunding the debt
at lower rates" Therefore they "pro-
pose TO apply the gold standard 10 fu-
| turc issues and provide at once for new
gold bonds at a low interest rate which
/ could readily be exchanged for the pres.
emit high-ratc. short-timc coin bonds"
So The house will virtually pass the rad
ical gold standard bill, but the senate
will prudently modify 4, in such wise
that the holder OF existing bonds will
think IL prudent TO exchange them for
new ones expressly payable In gold.
That is TO say, IL is very immoral and
! dishonoNble to pretend that existing
bonds may be paid in silver. and in order
to establish the national credit and re-
move oil suspicion OF disposition 10 re-
pudilte the just obligations OF the ma
lion it is necessary To pass bill dcclar-
ing that all the bonds are payable in
/ gold. At the same time IL is entirely
moral so 10 frame the bill as 20 make
holders OF those bonds think they are
/ liable 10 be paid in silver, and therefore
that lie best thing they can do is TO eN-
"a for new ones which are cS-
/ pr lie in gold.
r. ards. the republican posi-
existing bonds were in
yable in gold, and that
h that Il il grossly inn
h as TO suggest that they
b silver without dishonor;
ely moral 10 scare holders
ring them in exchange for
hg lower rate OF interest
Ix-paYpble in gold ly nla.;
We rs Una. 'naAs ..--soPSNes VIII
seem that In taking this posi-
republicans give away their
matter OF morals altogether
their stand on the lower level
II existing bonds are unques-
payable in gold IL &. morally
40 pretend that they are not in
uDf1er to Brighten holders into giving
them up for less than bonds SO payable
are worth, and IL they are not so payable
all the republican outcry against those
who have proposed TO pay them in silver
has been mere hypocrisy. fthe senate
scheme is to be adopted II will be in or
der for the republicans 10 descend from
their high moral horse.-Chicago Chron-
/ icls