Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1899-12-15
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THE MORALITY PARTY.
Tricks aud Bdhrnss OF oftheI,spublIcan
Method OF FIuancIerInE.

AAs buuIfcn cnrnfA OF ItheltDpuD1icAn
Method OF FImRncierInE.
Il StiI+ has come 70 light thht the God
and morality party is not in perfect
ACCORD with itself on a question OF
high financial Importance. There is
agreement upon the general PROPOSE.
ton that there can be no real tinan-
cial morality without the gold stand.
ard,but after that there is divergence.
The nature OF the difference can best
be understood from IL statement OF
the facts:
In accordance with ihe general
principle that the honor Of the nation
its Credit and its financial well being
demand that all obligations OF the
United States shall he paid IN cold
unless otherwise expressly stipulated
in die contract. and that all possible
doubt upon that point shall be re-
moved. the House caucus committee
has framed IL bill declaring plainly
that gold il tle sole standard Of value
in this country and TINT all bonds
and ether pecnniary obligations c1-
cept ~ above stated are payable in
gold.
All TINT looks very correct ind
straightforward. Upon the general
principle laid down there should be
no objection to it, But we hear that
the thirty Republicans Of the Senate
do object very strenously to it. They
say that IL they should concur in the
passage OF a House bill containing a
radical gold STANDARD provision they
would destroy one OF the best means
OF refundIng the debt at lower rate
Therefore they propose to apply the
gold standard to future issues and
provide at once for the gold bonds ut
lower rate OF interest which could
readily be exchanged for the present
high rate, short time, coin bonds. So
the House will virtually pass the gold
standard bill and tho Senate will
prudently modify it in such wise that
the holder OF existing bonds will
think it prudent to exchange them
for new once expressly payable in
gold,
That il to say that it ia very immor-
al and dishonorabIe to pretend thut
the existing bonds may be payable in
silver and in order to establish the
national credit and remove all sus-
picion OF disposition TO repudiate
the just obligations OF a nation il is
necessary to pass bill declaring TINT
all obligations are payable in gold.
At the samo time il IA entirely moral
to 30 frame the bill Rs to mako hold
ers OF th $50 bonds think that they are
liable to be paid in silver, and there
fore the best thing that they can do is
to exchange them for tho now ones
which arc expressly payable in gold.
In other words the Republican posi-
tion is that the existing bonds wore
intended to DO Layable in gold and
that this is 30 certain that in can DO
grossly immoral so much rs to Bug.
gest that they can DO paid in silver
without dishonor; yot it ia entirely
moral to scare holders into aurrend-
ering them in exchange for others
bearing lower rnte Of interest, but
expressly payable in gold by playing
on tho fear that the old ones will DO
paid in silver.
IL would seem that, taking this posi-
ton, the Republicans give away their
case as matter or morals altogether
and tako their stand on the lower
level policy. II tho existing bonds
are unquestionably payable in gold
then IL ia morally wrong to pretend
that they aro not in order to irighten
holdors into giving them up for less
than bonds so payable are worth and
IL they nte not 30 payable all tho Ro.
publican outcFy againet those who
linvo proposed to pay them In silver Is
moro hypocriey. II tho Senate scheme
is to be adopted II will then DO in or.
der for the Republicans TO descend
from their high moral housc.-Chica.
go Chronicle.