Rensselaer Republican, Volume 27, Number 49, Rensselaer, Jasper County, 13 August 1896 — Why lie Leaves His Party. [ARTICLE]

Why lie Leaves His Party.

Mr. Samuel Dickson of Philadelphia, a lifelong Democrat and an influential citizen, has resigned as a presidential elector on the Democratic ticket. Among other reasons for his action ho gave the following: It is merely paltering with tho truth to pretend to acquiesce in tho experiment of trying to mako tho product of a day’s labor in a silver mine worth two or five times as much as the product of a day’s labor in a gold or an iron mine. At tho present time tho results of a day’s work in one occupation are worth approximately and in tho long run as much as in any other. To affix au artificial value upon silver -.ore is a dishonest and unjust- discrimination against every other form of industry, and when it is done by calling it a legal tender it is done at the expense of every class in the community except the money lenders and the money changers. With currencies of different value in circulation,, the money lenders always thrivo at tho expense of the people, and tho di'btor must Suffer more than the wage earner. It was a favorite saying of Lord Palmerston that a high rate of interest meant a bad security, and the owner of money must charge for the risk if there is a chance that when he lends a bar of gold ho may be forced to take payment in a bar of silver, just os tho owner of a horse will hesitate to lend it with a chance of being given in return a sheep or a pig. That is all thero-is in bimetallism as a practical question as between tho lender and tho borrower, and, ao stated, it ought to bq easy to understand why, until ills stated, hundreds of millions of capital are lying idle which would bo at tho service of tho south and west if they were willing to giro bock what they got.