Show r Z 1 11 I 1 I 1 t L AN ANU 1 effi SILVER VER THIC LATTER 18 19 THE ISSUE THIS YEAR P tr ime wess kot ma A admit alt it some game straw show the wy way the wind la is blowing owing tug laff the bartle senator carter its has 6 generally been regarded as one on of the most conservative of 0 the silver men from the mining states it was this fact act very largely coupled I 1 with his astuteness as a politician that led to his selection aa chairman of 0 the national republican committee therefore his speech in the senate oti on the alt was of the highest significance ance in substance and effect he e charged the republican party with hav ing abandoned republican principles in support supporting Ang the recent tariff bill with its horizontal rise and also with having been guilty of the grossest dishonesty and fraud in its interpretation of the silver plank in the minneapolis platform conceding that the plank was not an declaration for free coinage it certainly did pledge ther the republican party to some affirmative leg legislation islat loh in the interest of silver restoration upon a platform quite similar mr harrison had been elected and it was universally regarded as a declaration that the republican party should take a step forward in the direction of silver restoration tio the result was the sherman law for which every republican in congress voted toted and which was signed by a republican president it was not what silver men wanted but it was better than nothing and yet in 1893 only a little more than two years after its enactment we find an overwhelming majority of the I 1 republicans responding to the demand of a democratic president and voting for its repeal the last line of legislation recognizing silver as a money metal w was thus wip wiped ed from the statute books of the united states in brief the democratic party pledged to the free use of both gold and silver without discrimination against either or charge for mintage ge and the republican party pledged to bimetallism and the use of both metals as standard money have united and practically fastened the single gold standard upon the country this was the main point of mr carters speech and sherman hoar and gear struggled in vain to break its force it Is a highly significant fact that not one of those republicans opposing free coinage while claiming to be bl metal lists ever thinks of proposing any legislation looking toward the restoration of silver their bimetallism consists of opposing everything which even squints in that direction whenever the extreme silver men are in the cen dency and a free coinage measure is iff in sight eight these alleged bi 8 always have some counter opposition such as the allison amendment in 1878 and the sherman law in 1890 both of these were substitutes for free coinage but when there seems to be no probability ofa of a free coinage enactment not IL a step in the direction of bimetallism are am they willing to take in fact they favor bimetallism that Is absolutely unknown in monetary science senator sherman sounds the key note to tor r them and whether they agree with him or not they are very careful never to suggest any opposition his idea of bimetallism is ex pressed expressed in the following words 1 I believe that the policy of the united states adopted in 1853 of coining fractional silver coins in limited tuan quantities titles from silver bullion purchased at market price and making them a legal tender for small sums Is iff the 66 only way to preserve the parity of gold and silver coins at a fixed ratio this Is properly called bimetallic money his idea of bimetallism is gold as full legal tender with free coinage of that metal alone and small change in enve r coined on government account and made legal tender for small 1 I 1 sums if that be the correct definition of bimetallism then we have llam in this country because we also have nickels coined on government account and legal legai tender for small sums in fact act we have because we also have cents of a different metallic composition compo sitio n being made chiefly of copper all of these minor coins are struck on g government overn ment account in small amounts and andare are limited ligal legal tender so they embody all the con which be says are requisite for bimetallism mr shermans Sher mans idea seems to be that that the all important thing in ina A monetary system is parity if th e gold dollar appreciates until it is actually worth 50 in products and the burden of debt is in ffoyd nobody lias has any right to complain plain if other forms of moner are only at ata a parity with the sold gold dollar re he apparently thinks that alia t the sole use which people have fordal for dollars Is 13 to exchange them to for r other dollars at tw par teller quoting from the re port PO rt 0 of fah he t i sate gate th 8 diw 11 aln as follows follo tik A T r r ta 1 1 fu V i yf fe w 3 ito W em P I 1 ye y e grecu vi iii us Z M the g 1 1 af I 1 I 1 I 1 1 aaa two f e a t u rl 10 aae 1 rei dy ao 1 aco ili al f i 6 f goa dr br aa ter aw h ch marbe bi 0 ato j W I 1 ht antt a part 76 eta debtor M ew 1 1 1 LQ P 1 N I 1 t adf ia IL 1 1 l X W ui g 1 L r w 11 I 1 w 2 t 10 4 g I 1 I 1 1 Z tz i I 1 il bluew its 11 anu and iyall it is given I 1 sanc not j intend thit that aai any gold stand they do n the them m I 1 I 1 bimetallism tor foi ard aft idt ilef define liot a ioa lawt sherman Is right the there g jiter mr if standard on the faw face of 0 gold all buterly silver BUTer in ln they the e earth ft or r limited legal and till as small a amounts tender means the but bimetallism du t genuine of the two M metals atals upon apon a precisely pret piet placing equa equal tooting footing in the blatt matter er of and legal tender the difference coina coinage gd in relative 0 quant quantities aties being provided la is the qu quantity antiey tor for by the ratio M tio that which shall be eat equal al as of the one ot oi th the e other quantity money to ft a 91 given veri sixteen ounces of oil silver As AB for example to equal one ounce of gold this Is b and when mr I 1 sherman gives his d definition defini as senator teller broadly intimated he is either grossly ignorant or grossly dishonest I 1 senator hoar very earnestly repudiated jhb idea that he was wad a gold well then what does doea adhering to it a he mean by persistently monetary system based baked absolutely upon gold and which Is defended upon n the theory that the gold dollar Is the only true and honest dollar when diche did he ever propose anything different from what now exists ho denounces cleveland as a gold metal list and yet every vote he has cast upon the monetary question has been directly in line with mr cleve lands wishes empty declamation in favor of bimetallism of an imaginary sort Is never going to tid do any good and when accompanied by adverse votes it j I 1 stamps the declaimer dec lalmer as a fraud absolutely the only difference between sherman and Cl cleveland oveland Is that the latter wants to destroy the green backs directly while the former would do it indirectly by locking them up and makii making ig them than for gold alone while neither senator carter nor senator teller made an actual threat of bolting their lati guage admits of but one interpretation it if the republican party d does oes not take ft a firm stand for genuine bimetallism there will be a bolt that in all probability win will place it in a minority it la is impossible to draw any other inference from their utterances at the same time it Is equally clear that constituted as the republican party Is with so GO large a proportion of its strength in states completely dominated by the money power it cannot possibly take such a stand dence a substantial break in the republican column seems inevitable those who have carefully studied this great question of money are firm in the conviction that it completely overshadows the tariff to in fin importance that while selling our great staples in the foreign market in competition with silver using nations no tariff c wi cx x materially teri ally improve existing condition conditi it A Is therefore plain that th mhd 0 silver question Is to be the great Is issue is in 1896 and those who conscientiously believe lieve that the constitutional money ot of the country should be restored must be ba prepared for independent action |