Democratic Sentinel, Volume 22, Number 45, Rensselaer, Jasper County, 19 November 1898 — SENTIMENT OF THE REPUBLICAN PARTY. [ARTICLE]

SENTIMENT OF THE REPUBLICAN PARTY.

The Republican party, in declaring for a single gold standard, does Dot reflect the sentiments of thousands upon thousands of American voters In this and in other sections of the country. They realize, too, that the Republican party—a party resplendent in illustrious achievements in the past—declared for the gold standard because the Eastern bankers and bond speculators threatened to withhold a corruption fund from the party if their demands for the single gold standard were not complied with. It was not a matter of choice with the “rank and file” of the party, but a matter of fund. The great mass of the Republican party instinctively rebelled against the adoption of such a plank, but the money power, backed by the politicians, was too strong, and to-day the American people behold the sad spectacle of the once great Republican party, through its leaders, bending its knee to political corruption and worshiping the British gold standard. Where are the Lincolns, Sewards and Sumners of the Republican party? All gone. Instead of the statesmanship of Abraham Lincoln we have Mark Hanna. Instead of the wisdom of William H. Seward, we have the low cunning and political trickery of Thomas C. Platt. Instead of the. devotion and patriotism of Charles Sumner we have the Ignorance and dishonesty of Matthew S. Quay. But the corrupt leaders of the Republican party cannot deliver the Republican vote en masse over to the gold standard. The sentiment in that party is almost as strong for silver as it is In the Democratic party. The single gold standard has but few advocates, and they are found principally among those who deal in money. Will the Democratic party take advantage of Rs opportunity? Will it be true to the principles of Jefferson and Jackson? Will it forsake the principles which It has advocated since the foundation of the Government? Will it say to the Populist, to the silver Republican, and to the Prohibitionist, we are for honest money?—the money of the Constitution —both gold and silver at the ratio of 16 to 1, and we ask you to unite with us and aid in expelling this un-American system from our land? If successful, we will coin all the gold and silver presented to our mints Into money of final redemption, and if you believe in rising prices and steady employment to labor, aid us. Quotations on Value. “There is no such thing as intrinsic value. Qualities are Intrinsic; value is a relation between exchangeable commodities, and, in the eternal fitness of things, never can be invariable. Value is of the mind; it Is the estimation placed upon a salable article by those able and willing to buy it. I have seen water sell on the Sahara at 2 francs a bucketful. Was that its intrinsic value? If so, what is its intrinsic value on Lake Superior?—John W. Bookwalter. “An object, In fact, whether gold, silver, cotton or any other article, is said to have risen or fallen in value when It will command in exchange a larger or smaller quantity of other things in the gross than before. The expression is purely relative. Nor c.<n there be such a thing as positive, absolute ov real value.”—A. Potter. “The term ‘lntrinsic value’ is used by many writers with a total disregard of the idea Involved in the' word value. An article may have estimable qualities that are Intrinsic, but no article whatever can have intrinsic value. Its ‘value’ is the mental estimation of its qualities as modified by the limitation of Its quantity and the amount of sacrifice necessary to obtain it. In other words, value is subjective, not objective. In economic discussion, however, value Is treated as though it resided in the object, rather than in the mind, and while, for convenience, I may occasionally use it in that sense, it is important to bear in mind the distinction.”—John P. Jones. Cheap Money Means Higher Prices. The way to have good times is to Increase the number of redemption units. There will not be higher prices without cheaper money. Every final redemption dollar that is coined cheapens money. Coin both metals at the established ratio, and then let the Goxwrnment redeem its obligations in either gold or silver at its option. Tho silver unit, if made a legal tender for all debts, will be as good as the gold unit. The Government, by the Constitution, has power to coin money and regulate the value thereof, and why not do it? What can be the objection? What valid reason can be assigned for not making silver final redemption money? The goldbugs do not want it done for the reason that the people’s burden would thereby be made lighter and gold less valuable. They demand the dearest money. Selfinterest is stronger than humanity, and greed takes the place of patriotism. By changing silver from credit to redemption money the basic principle of money Is added to and the foundation of a sufficient volume of currency Is laid. Both metals would then perform the same functions, thereby strengthening the whole monetary system and making a permanent foundation for the Issuance of one dollar in paper, if necessary, for each dollar in coin. Increase the supply of money, and prosperity, like a benediction, will bless mankind.

They Can’t *-top It. The gold standard papers of the Louisville Courier-Journal, Memphis Coin-mercial-Appeal and Richmond Times stripe are doing their utmost to disparage Mr. Harvey’s work to raise a fund for the dissemination of wholesome Democratic literature between now and 1900. But that recognized leader of Democracy, William Jennings Bryan, has recognized the regularity and importance of the movement by sending his own subscription, and now to clinch Mr. Bryan’s approval Senator Jones, chairman of the Democratic National Committee, and also chairman of the Ways and Means Committee under which Mr. Harvey is doing this work, comes out and gives his hearty Indorsement to Mr. Harvey’s methods. Certainly the movement could not be in more capable and worthy charge.— Mobile (Ala.) News. Millions for Mark’s Crown. Dingley’s protective tariff produced its first year a deficit of $98,248,108, but it put many millions in the pockets of the men who subscribed to Mark Hanna’s fund to elect McKinley. F nppressins Schley. Admiral Schley is a Democrat, and that is the reason the administration has tried to suppress him, and has kept him from maintaining his place on the naval roll. Free Coinage, Free Institutions. Free coinage is inalienably allied to the free institutions of the country; without it we pass to the vassalage of the plutocracy. Palestine Is to have a daily paper, which will probably be established at Jerusalem by a Mr. Yehouda, a native of Russia and a Turkish subject.