New-York tribune., 1900-01-29

Bryan"
The recent example set by Nebraska where I', Ino
voters of every party hue ana color not sss.ns %
- x,or,hl,o.r want TO the Bryan candidates Is
,rs-n,ng that the leaders of the Republican party
cannot safely put q stumbling block In tne s"Ne
ana greenback Republican brothers way.
II will not do 10 presume upon earryHs '"e 80 -
.,on this vesr UPON the present tdaI wave OF out %
1ot ,,-osperity and Mr.. McKnleys superb
ssnIDtv+-atton BENJAMIN Harrison was pea'eh
sn 1902 upou az equally splendid cohaItiO'I % -,
,er,tv ,nder fhe Mckinley tarlII- Inc -,
saoi,,stratgoa to-day is immensely ana oeserVeuiy
Aoiil.hIS % hovr a. NAV be next summer and fall
PoP~ PP - foreteu Popular favor is proverpaly
s,Io THE multitude which yesterday spleaa pam
,,-s,ches 4, the path Of popular nero anu s
---r.r' to-day cries "Crucifv hlm' Two
hosaIi.S .-oa.s on t,e hanks of the Hudson. only
iniiIi Ss AGO reared "Bravos!" to the ideal hero
= ,Ts.ls Two weeks later the same throats
bissed his name IN public places ana "Fo'e vie
.hsunas TO the superb and spotless dewey Inc
-araI,can marty must not stake the well being
f%.eps % $500 ,,non the perpetuity of Mr.. McFkin-
,a,s noDuIarIty. nor upon its ability to handicap
,.,, nth unpopular legislation expecting to win
hands down.
THE FATE PREPARED FOR GOLD.
Besides this. put It as you may, the policy OF
1ithdrawing the three hundred and forty-six mill
inns Of greenbacks from circulation. and substitute
s- ,ola therefor is policy of contraction. for the
simp,e reason that greenbacks circulate and gold
does not Greenbacks float freely upon the surface
r the sea OF business: gold sinks into bank vaults
and nestles in the depths OF old stockings. The
hanks VIII tell you that people don't want gold for
daily personal use They greatly prefer paper. 1t
Is clear that any considerable retirement Of green
hacks would be felt in the business community as
contraction of the currency and an embarrassment
TO business.
The most indefensible and extraordinary feature
~ the House bill, however. is that which confers
outhority upon the Secretary of the Treasury TO
redeem silver and silver certificates with gold.
such an unprecedented step hard characterize.
With a Secretary Of the Treasury subject to the
influence OF Mr. Bryan. 1t is easy to foresee what
1rould be the fate of any gold which might remain
IN the Treasury after the impounding Of all the
sreenbacks. OF all the preposterous financial
be-eses ever sprung in Congress. from Populstic
YoIcies OF National loans on cabbages and pota-
roes 10 unlimited free silver this takes the cake.
with 500 100000 Of silver coin and paper in circu-
lation, added to sS46.oO00OO Of greenbacks and
.gsaON0oO OF Treasury notes of 1S90-an aggregate,
substantially. of s0OO0O0 .0O0-a standing ready to
be showed into the National Treasury with de-
1nand for gold the moment Mr.. Bryan should be
elected what would become of the gold standard
and the gold?
But 1t may be answered that the Secretary of
the Treasury is empowered by this bill to sell bonds
and Treasury notes for gold to refill the exhausted
Treasury Imagine, If you can. Mr. Bryan's Secre-
tary Of the Treasury Offering gold bonds for sale!
Imagine cat wading into the water to catch fish.
But even presuming that Mr.. Bryan would so far
defy his party as TO offer such bonds, who would
buy them from free silver free trade, Populistio
administration pledged to food the Nation with
every ounce Of silver from every mine in the world
the moment IT into power Washington?
Buchanan hawking 6 per cent gold bonds through
the markets at pawnbroker's rates and Grover
Cleveland on his knees begging syndicates to buy
8 per cent bonds trife above par-these were
shining examples Of Democratic credit when
pared with what might .be expected of a Bryan
administration pledged to policies both domestic
and foreign which would wreck not only National
but private credit and prosperity beyond re-
demption.
RARE CHANCE FOR BRYAN
Mr.. Bryan, that able. elegant and ingenious
prince Of oenagogues. could ask better political
capital than this House bill affords with which to
enter upon the campaign of 1900. He would charge
the Republican party with having entered into
So- Nth Val Street end he hdIS ahs t and
New-York and New-England. to overthrow the
money Of the people and replace 1t with the money
Of the mionaires. monopolsts and stock specu-
lators. He would tell them that the Republican
party intends TO destroy the greenback and silver
circulation, which is now limited to home crcula-
ton, and replace it with gold which the money
brokers and stock exchanges can corner, control,
ship TO Europe hide away in the recesses of
banks, and thus at viii contract the circulation
create panics, speculate in stocks cotton. wheat
corn and pork. holding the products OF the farmer
at their mercy-blowing prices up and down with
their breath as they would the mercury in their
thermometers.
It will be well for the Republican managers to re-
member that any party which allies itself to the
money power either in reality in strong appear
ance. insures for itself the hostility of the masses
OF the voters The history and fate Of the old Whig
party, intrenched behind the United States bank
should be warning. Andrew Jackson demolished
the bank, and the Whig party perished with it
suffering a lingering death
The Republican party from its very inception has
been and is now pre-eminently the party of the
w info rTTTv,1@ 4
an attitude susceptible of plausible msrepresenta-
ton as arrayed against the people
MI. Bryan will further claim that Congress has
10 more authority to make existing issues of cur
Tency ana bonds payable in gold than in silver
copper, nickel or brass; that if a Republican Con-
gres dare thds violate the original terms of issue
aho make gresnbacks. bonds, Treasury notes and
~ ~eF ceruheates payable in gold. a Popust-
@Ceunoetaac Congress, coming later can with tbis
not even exohangeabe for and oott6e ge caTn
TatforSS according 10 the tenets of the OcsIa
1TTks Wi1. who shall fix the ultimate bounds?
can Congress sbouI5 yyeipePr proper that our RepubH
SG5e std1naarq and that it should afford IN the
-raIonal al banks suea additioral facilities as NAV
RIopTLy De given them for charging their seId ~
g. oiS among the people with safety and profit
70 give the Bryan bemnocgsape% p%SaL me gen geneEa;shp
tion which they could desire Toy @ Ine very Ieglsla-
the coming National campaign as Iii eli capiIaI 4
CIrss IL Ieglsauon that might IIove perbetnsI
MO rt1ow long will it be until Oklahoma Arizona a5
,ese 20 e1eo VIII be knocking the doors Of Con-
tbe & emitting them TO entrance bringing With
pledged To- fse lesy Senator's and Representatives
pnbTesn IN Nebraska Goebeisn in Kentucky Re-
sii democrats" falling back into line 1b @
profosT Teisnpping the fetch Of 'reguiarity: win
s5G stsbi aHa Eulkng oice-seekers and f6eiT fedP
%sneE latent :eactionaTy and ramnant m f tlese ana
Win its eIst eras ne @ Republican party. in common
bbnu me conglomerate Democracy viii IS & VIII Il be