The Grenada sentinel., 1899-08-12
The Cause Of Free Silver.
INPATIENT II, OF DELAY.
cold Conbinatien Anxious Il
seesre Amrnatavs LEGISLATION
a., The single standard.

me Gold Consleee'en An1aess to
s.,.re Amrnativs. Legislatioa
tor the single standard.
m. rold combination is desperate
- M Is not going to permit the republic
ap' narty . to daily longer in the matter
= redeeming its promises, in return
~ " which such . generous campaign
.,,nd ~, was provided to purchase the
la ,ao.;on of 1896. Hence the republican
Evans "r,ns are frantic in their efforts to
o'e aev;nce their readers that the silver is
eo a "a dead and that the time has at last
s.s .s;ved to alter the laws Of the country
= = ,hat all outstanding obligations OF
=, ,be government shall be made payable
- ~ oold alone, instead Of coin Of the
...ndard weight and fineness of July,
,s7o as under the present law. Under
.he law, as it now stands, every dollar
- the outstanding obligations of the
~ government is payable in either gold
~ silver coin at the option of the gov
~ eminent, except certificates issued
soainst either gold Or silver coin in the
treasury.
PRESIDENT Cleveland sought to have
congress authorize q gold loan in 1894
s,d thus pave the way to making all OF
.he Government obligations payable in
co,d. but congress refused. 1t will be
remembered that the Morgan syndicate
uoo.le specific offer for gold bonds,
+endering $18,0oc,Ooo additional for
bonds to be made payable in gold in
excess Of the amount offered for the
oo;n bonds that were issued that year.
The legislation sought will be worth
hundreds of millions to the holders of
American securities and will increase
the burdens Of the American people on
the public and private Indebtedness
spainst them to the amount Of billions
q; dollars. This step is deemed neces-
rary by the gold combination at this
time because they fear the triumph OF
the democratic party in1eoo.
The gold combination have down to
the present time failed to secure af-
drmative legislation in behalf Of the
cold standard in the United States.
They secured the passage of law in
1873 emitting the silver dollar from our
list Of coins, cunningly substituting a
trade dollar SO that the term dollar
would still appear in the list and es-
cape the scrutiny of an unsuspecting
congress. Since then they have been
able to prevent the complete remone-
tization OF silver in the passage of the
Bland act and the Sherman act and
finally to secure the repeal of all laws
providing for an increase of money
through the coinage Of silver. But all
the silver dollnrs that are in existence
are lawful money to pay off the obliga-
tions Of the government in all forms
whatever, whether in bonds, green
backs or treasury notes. Further than
this many Of the most eminent lawyers
in the United States contend that the
president has the authority under the
Bland act to open the mints to silver
equally with gold, thut that law re-
stores the law of 1887. Therefore it is
that being longer unable to control the
national conventions Of both political
parties, and nominate for the presider-
cy candidates pledged to the gold
standard, that the gold combination is
determined to insist upon the republic
an party enacting affirmative legisla-
tioa during the coming congress to es-
tahlish the gold standard. Accompany
ing such measure, they propose to
provide for the retirement of the green
backs and treasury notes. and turn the
issue Of all paper money over to the
banks. This measure is revolutionary
in its character and It's consequences
will be far reaching.
Many republican politicians fear the
result upon their party of the legisla-
tion that is now imperatively demand
ed Of them. They would much prefer
to let matters drift until after another
election. They fear to expose the party
to the retribution that is sure to follow
such a breach Of faith with the people,
and they are also desirous OF keeping
the banks and creditor interests in q
position where they will be obliged to
continue their liberal contributions to
future republican campaign funds.
The insistent demand for affirmative
legislation by the gold trust cannot,
however, be longer disregarded and On
attempt will be made to enact the legis-
'atsons demanded by them during the
next congress. Although the republic
ans have majority in both branches Of
congress, the proposed scheme OF
spoliation can be defeated by the people
It they will arouse themselves and put
forth such an exertion as the exigencies
OF the case demand. i4r ~
Congressman win NOT vote for meas
ores If they are sure in advance that
such votes win cause their own undo
ing. They will often sacrifice the in
'erests of the people to advance their
personal fortunes, but they will not
knowingly kacrifce themselves to
p'acate party leaders Or to promote the
success OF the party in other sections
while they themselves suffer defeat.
politicians hnve their ears to the
ground, constantly seeking to correct
y gauge public opinion upon all mat
ter1 that fhev nra forcod IN fenl with