Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1900-01-18

restoration OF blmetallSm. IL was poiii'
ed out by Senator Wocott, when he re-
turned, that Secretary Gage, by advocat-
ing the gold standard, had embarrassed
the work OF the commission, but not until
tue recent message was sent to congress
has the gold standard been clearly ana
unequivocally recommended. ltindicates
that in the next campaign the republic
cans will make an open fight for gold
monometallism.
Heretofore all parties have advocated
the double standard, differing only as to
the means OF restoring it. Now it will be
a clear cut issue between the double STAN
dard and the single gold standard. If
the gold standard is accepted by the
American people 1t will only be question
Of short time when silver will be de-
MED legal tender qualities and reduced to
tie level Of subsidiary coinage. Then
the increasing volume OF debt will be dis
chargeable in gold alone, and the creditor
class will be given still larger control
over the property and livelihood OF the
debtor and producing classes.
If we chain ourselves to gold alone our
financial system will be disturbed by
every panic in the gold using countries OF
Europe, and our stock OF standard money
will be subjected to an additional drain
every time new nation adopts the gold
standard. Our nation will become more
and more dependent upon foreign fnan'
ciers and less and less able to have an
independent American policy on any
question.
The presidents recommendation that
the greenbacks when once redeemed shall
only be issued in exchange for gold is a
covert method Of retiring them and SUBJ
shutting gold certificates. The plan has
all the force and effect Of retiring the
greenbacks without the candor required
for the open method. When the presi'
dent is compelled by law to redeem green
backs IN gold, and then authorized to issue
bonds and buy gold for that purpose, the
treasury will be placed at tho mercy Of
those financiers who have for some years
been seeking to drive the government out
OF the business Of issuing money, in order
that they might make profit out OF the
issue and control OF the paper circulation
The proposition to increase the privl'
le.:es OF national banks is q part OF the
gold standard plan. A review OF none
tary legislation for the last twenty years
shows that the advocates OF the gold
standard, instead Of boldly proclaiminf
and defending their scheme, have moved
with slow and stealthy tread, hiding be-
hind one pretence and then another, ant
never taking the people into their conf
dcnce. In the last campaign so per cen
of the people voted for candidates pledged
to the double standard as against th'
gold standard, and yet the republican
party is enleavor.ng to make the golt
> standard permanent.
In the last campaign neither the repub
lican platform nor the republican candl
date limited at the retirement OF tn
+ greenbacks, and yet greenbacks are to b.
retired by indirection, while the nationa
banks, in return for campaign contribu
! ton, are to be given authority to organ
. ize paper money trust.
While the president gives to the none.
f, question priority in the order OF treat
. ment, he devotes far greater space to til
.. Philippine question. The keynote Of tn
y presidents policy is to be found in tn
E assertion that Providence has brougt
the Philippines within our jurisdiction
1t is to be regretted that the presiden
, did not explain whether he received thl
information direct from the Almighty, Of
If at second hand, what republican en-