july 9, 1896

5
  4 2 THE NOMINEE THEbody of repudiators that has been holding a convention at Chicago during the past week and calling itself the De- mocratic party, has nominated William Bryan of Nebraska for President. The result is somewhat surprising, since Mr. Bryan is a new and untried man, only thirty-six ears of age. Only a small fraction o f the pe ople of the United State s have ever heard o f him. All of our Presi- den ts heretofore have been men of expe- rience, suficiently tested in public life t o enable people to form some idea of their capacity and moral fibre. This i s not the case with Mr. Bryan. Yet his nomina- tion was nat accidental. It was due o the speech which he made on Thursday and to his previous record as a Populist- Democrat in Nebraska. He was found to be precisely of the st am p of Tillman and Altgeld, and of a more attractive personality than eit he r o f them. all the men voted in th e convention he comes nearest to satisfying the Populists. So say Senator Peffer and ex-Gov.. welling o f Kansas. It is safe to assume that the Populist onventlon at St, Louis on the 22d inst. will endorse Bryan, al- though they might not have endorsed Bland, or Boies, or Blackburn. He wil l be somewhat less satisfactory to the sil- ver Republicans o f the mining States, because they have no intention of joining the greenbackers, yet they will probably cast their votes for hlm. - Mr. Bryan was not a delegate t o the -convention. He came there leading a contesting delegation. The regular dele- gates were-unseated by the silverite ma- jority and their places given to Bryan and his crowd. The cheers that greeted him were the measure of &.wind power, which is immense. The measure of his specific gravity is to be found in his political career a t home. He was car- ried into Congress on the Democratic tidal wave of 1890, was redect ed in 1892, and took a position on the silver question EO extreme that he split the Democratic party in his Stat e and ost his seat in Congr ess. In 1895 the two wings of the party in Nebraska ran separate tickets for Ju dg e of the Supreme and the anti-silver faction polled 8,000 more VOteE than he Bryan faction. The regular ganization of the~party emained in their hands, and it wa-s this organization that wag cast out by the silverite majority at Chicago in favor of the bolters. Hi  speech to the convention was an appeal to one of th e worst instinct‘s of the human heart-that of getti ng possession of other people’s property withou t he owners consent. That is what is meant by coinage at 16 to 1 All business and all obligations rest to-day, have ested foI nearly a quarte r of a century, on th e gold dollar as the unit of value. It is proposed now to sub sti tute a silver dollar il worth about half as much, and to make thi s depreciated coin applicable tc all ex- ioti ng bargains nd contracts. This i E The Nation. not all. It has been alleged over and again that the programmd of the sil- ver propagandists was much more exten- sive than free silver; th at it looked ward to free greenbacks, which are far more attractive to the repudiating tribe. Bryan gave warning of what is t o fol- low when h e said : “The right to coin money and issue money is a function of the Government. It isa part of sove- reignty, and can no more be delegated with safety to individuals than we could afford to delegate to private individuals the power to make penal stat ute s to levy taxes.” I f th e business community supposed tha t there were any real danger o thi s dishonest polic y being pu t nto practical peration, there would be a panic and crash like of which has never seen in this any othe r coun- try. The fact that business remai ns in a state of quiescence is the best evidence th at the proceedings of th e roaring mob at Chicago are not taken seriously by the American people. The nomination of Bryan President 3f the United Stat es an d th e adoption of a platform o f repudiation make a pitiful climax for the Democratic party-the party of Jacks on, Benton, Seymour, Til- h Cleveland-the party whose boast has been tha t it always stood for sound mon ey and never put a depreciated dollar into the hand of labor. The decadence 3f the party in the past few years, since the Tillmans, Altgelds, Bryans, and Blackburns came to he fro nt and took the leadership, has been melancholy in ihe extreme. There are signa in plenty ;hat nearly all the men who give charac- to the party to-day, succemors o f the ;reat men whose names honor their coun- try’s history, will repudiate this ticket 2nd this platform as they would the pest. From all parts of the East and from nany in he West and South we hear, Jot protes t merely, but he ndignant declaration of Democratic eaders and buEineEE men that they will vote the publican icket. hey consider their honor and their means of livelihood alike involved in this battle. They find some- thing of higher and more immediate con- cern to heir fami lies and to the State than party ties tariff schedules. They will vote not EO much McKinley and Hobart against Bryan and repudiation, but their votes wil l count and their nflu- ence will tell from hour to hour and from day to day till the election. Whethbr the dissenting Democrats will or ought o nominate a ticket their own is a question or thems ehes to decide. Of courseLthe main thing is to beat the ticket of the Repudiators. Everything else is nsignificant n comparison, yet opinions may differ as to th e b es t way of accomplishing this result. Our opinlon is th at the Bound-money Democrats, by which term we de an those of intelligence and substance in all parts of the country (in Sou th Carolina and as well as i n New York and Massachusetts),willvote \ [Vol. 63 No. 1620 McKinley and .Hobart whether there is a sound-money Democratic ticket the fieid or not. But he question ‘is free difficulty. THE anticipations o f th e kind of platform that th e convention would adopt at Chi- cago wer every ow, bu t the act ua l pro- du ct is worse th an we had expected. I n point of morals it is baser than anything partyn his country utside of the slavery question. The coinage of eilvet at the ratio of 16 to 1 s endorsed, and the platform declares th at th e ollars EO coined shall be legal tender debts previously contracted on the basis of th e gold standard. This is equivalent to the repudiation of nearly one- half o f all debts which made payable in dollars without the mention of the specific, kin d of dollars. All deb ts incurre d since 1873, when the gold dollar was made the unit o f value, have been contracted n the single gold standard. That is exactly what was meant by the demonetiza- tion o f silver. I t ‘meant that every con- tract made and every debt ncurred should be legally payable in a particular kind of dollare consisting of 258-10 rains of gold, nine- tenth s fine. We will omit a moment th e question whether Con- gress oug ht to have passed such a law. It wi ll not disputed that had the conetitutional power to pass t. It will not be denied that it was the law of- the land immediatel y aft er it was signed by the President. It will not denied tha t it has been the law every day and hour ince th at time. Consequently, every obligation to pay made since 1873 has been an obligaiion to dollars each worth 100 cents in gold. Now the Democratic party proposes tha t avery one of these obligations (thos e made yesterday as well as those made twen’ty- three years ago) may be paid in dollars worth 53 cents each in gold. This is re- pudiation of the ther 47 cents. The resolution then says: “We avor such legislat ion as wil l prevent the fut ure the demonetization of any kin d o f legal - tender moneyby private contract.” Thi s aims-to prevent the making of con tracts payable in gold-a right which the Su preme Court has upheld in frequent de- cisions. The ight’ to make a contract for gold is as clear and undoubted as the. right o makea contract for cloth, for building materials, or labor. To deprive- people of th at right would practically depriving them o f the power to borr ow at all, since in many cases the lender will not part with his money on any other terms. If capitalists at home and abroad supposed-that this plank of the platform would be ratified at he coming election, they would call in every loan that is now and refuse to make new ones on any terms. With a view to hiding the taiet of -

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  • - 4 2

    THE NOMINEE. THE body of repudiators that has been holding a convention at Chicago during the past week and calling itself the De- mocratic party, has nominated William Bryan of Nebraska for President. The result is somewhat surprising, since Mr. Bryan is a new and untried man, only thirty-six years of age. Only a small fraction of the people of the United States have ever heard of him. All of our Presi- dents heretofore have been men of expe- rience, suficiently tested in public life to enable people to form some idea of their capacity and moral fibre. This is not the case with Mr. Bryan. Yet his nomina- tion was nat accidental. It was due to the speech which he made on Thursday and to his previous record as a Populist- Democrat in Nebraska. He was found to be precisely of the stamp of Tillman and Altgeld, and of a more attractive personality than either of them. all

    ~ the men voted in the convention he comes nearest to satisfying the Populists. So say Senator Peffer and ex-Gov.. welling of Kansas. I t is safe to assume that the Populist conventlon at St, Louis on the 22d inst. will endorse Bryan, al- though they might not have endorsed Bland, or Boies, or Blackburn. He will be somewhat less satisfactory to the sil- ver Republicans of the mining States, because they have no intention of joining the greenbackers, yet they will probably cast their votes for hlm.

    - Mr. Bryan was not a delegate to the -convention. He came there leading a contesting delegation. The regular dele- gates were-unseated by the silverite ma- jority and their places given to Bryan and his crowd. The cheers that greeted him were the measure of &.wind power, which is immense. The measure of his specific gravity is to be found in his political career a t home. He was car- ried into Congress on the Democratic tidal wave of 1890, was redected in 1892, and took a position on the silver question EO extreme that he split the Democratic party in his State and lost his seat in Congress. I n 1895 the two wings of the party in Nebraska ran separate tickets for Judge of the Supreme and the anti-silver faction polled 8,000 more VOteE than the Bryan faction. The regular ganization of the~party remained in their hands, and it wa-s this organization that wag cast out by the silverite majority a t Chicago in favor of the bolters. Hi speech to the convention was an appeal to one of the worst instincts of the human heart-that of getting possession of other peoples property without the owners! consent. That is what is meant by coinage at 16 to 1. All business and all obligations rest to-day, have rested foI nearly a quarter of a century, on the gold dollar as the unit of value. It is proposed now to substitute a silver dollar il worth about half as much, and to make this depreciated coin applicable tc all ex- ioting bargains and contracts. This iE

    T h e Nation. not all. I t has been alleged over and

    again that the programmd of the sil- ver propagandists was much more exten- sive than free silver; that it looked ward to free greenbacks, which are far more attractive to the repudiating tribe.

    Bryan gave warning of what is t o fol- low when he said : The right to coin money and issue money is a function of the Government. It is a part of sove- reignty, and can no more be delegated with safety to individuals than we could afford to delegate to private individuals the power to make penal statutes to levy taxes. If the business community supposed that there were any real danger of this dishonest policy being put into practical operation, there would be a panic and crash like of which has never seen in this any other coun- try. The fact that business remains in a state of quiescence is the best evidence that the proceedings of the roaring mob at Chicago are not taken seriously by the American people.

    The nomination of Bryan President 3f the United States and the adoption of a platform of repudiation make a pitiful climax for the Democratic party-the party of Jackson, Benton, Seymour, Til- h , Cleveland-the party whose boast has been that it always stood for sound money and never put a depreciated dollar into the hand of labor. The decadence 3f the party in the past few years, since the Tillmans, Altgelds, Bryans, and Blackburns came to the front and took the leadership, has been melancholy in ihe extreme. There are signa in plenty ;hat nearly all the men who give charac-

    to the party to-day, succemors of the ;reat men whose names honor their coun- trys history, will repudiate this ticket 2nd this platform as they would the pest. From all parts of the East and from nany in the West and South we hear, Jot protest merely, but the indignant declaration of Democratic leaders and buEineEE men that they will vote the publican ticket. They consider their honor and their means of livelihood alike involved in this battle. They find some- thing of higher and more immediate con- cern to their families and to the State than party ties tariff schedules. They will vote not EO much McKinley and Hobart against Bryan and repudiation, but their votes will count and their influ- ence will tell from hour to hour and from day to day till the election.

    Whethbr the dissenting Democrats will or ought to nominate a ticket their own is a question for themsehes to decide. Of courseLthe main thing is to beat the ticket of the Repudiators. Everything else is insignificant in comparison, yet opinions may differ as to the best way of accomplishing this result. Our opinlon is that the Bound-money Democrats, by which term we dean those of intelligence and substance in all parts of the country (in South Carolina and as well as in New York and Massachusetts),willvote

    \

    [Vol. 63, No. 1620 McKinley and .Hobart whether there

    is a sound-money Democratic ticket the fieid or not. But the question is ~ free difficulty.

    THE anticipations of the kind of platform

    that the convention would adopt a t Chi- cago were very low, but the actual pro- duct is worse than we had expected. In point of morals it is baser than anything ever .avowed heretofore by a political party in this country outside of the slavery question. The coinage of eilvet at the ratio of 16 to 1 is endorsed, and the platform declares that the dollars EO coined shall be legal tender debts previously contracted on the basis of the gold standard. This is equivalent to the repudiation of nearly one- half of all debts which made payable in dollars without the mention of the specific, kind of dollars. All debts incurred since 1873, when the gold dollar was made the unit of value, have been contracted in the single gold standard. That is exactly what was meant by the demonetiza- tion of silver. It meant that every con- tract made and every debt incurred should be legally payable in a particular kind of dollare consisting of 258-10 grains of gold, nine-tenths fine. We will omit

    a moment the question whether Con- gress ought to have passed such a law. I t will not disputed that had the conetitutional power to pass it. It will not be denied that it was the law of- the land immediately after it was signed by the President. It will not denied that it has been the law every day and hour since that time. Consequently, every obligation to pay made since 1873 has been an obligaiion to dollars each worth 100 cents in gold.

    Now the Democratic party proposes that avery one of these obligations (those made yesterday as well as those made twenty- three years ago) may be paid in dollars worth 53 cents each in gold. This is re- pudiation of the other 47 cents. The resolution then says: We favor such legislation as will prevent the future the demonetization of any kind of legal- tender money by private contract. This aims-to prevent the making of contracts payable in gold-a right which the Su- preme Court has upheld in frequent de- cisions. The right to make a contract for gold is as clear and undoubted as the. right to make a contract for cloth, for building materials, or labor. To deprive- people of that right would practically depriving them of the power to borrow at all, since in many cases the lender will not part with his money on any other terms. If capitalists a t home and abroad supposed-that this plank of the platform would be ratified at the coming election, they would call in every loan that is now and refuse to make new ones on any terms.

    With a view to hiding the taiet of

    -

  • July 16, 18961 pudiation and the assault made upon the right of private contract, the platform- makers endeavor to make it appear that the silver is money by virtue of the Con- stitution, one of the preliminary planks being in these words:

    Recognizing that the money question is paramount t o all others at this time, we in- vite attention to the fact that the federal Con- stitution names silver and gold together as the money metals of the United States, and that the3rst coinage law passed by Congress under the Constltutlon made the silver dollar the uni t of value, and admitted gold to coin. unit. age at a ratio measured by the silver-dollar

    The only foundation for this is in arti- cle i., section 10, which says:

    &NO State enter into any treaty, marque and reprisal. com money; emlt bdls liance, o r confederation; grant letters of

    - coin a of debts; pass any of CPadIt; anyjhing gold and bill of attainder, ex-post-facto law, or law 1111- any title of nobility. - - ~ pairing the obligation of contracts, or grant

    Neither the word gold nor the word sil- ver occurs in the Constitution in any other place. What does it say here? Simply

    - that no State shall make anything else than those metals legal tender. At the time when the Constitution was adopted, several States had made their own bills of credit legal tender. Such paper was in actual circulation. It bad 8 definite time t o run, and the Constitution provided that when the time expired no more should be issued, and that nothing should be made legal tender by them but gold and silver coin. This was a clause dealing with the States only. It had no reference to the powers or duties of the federal Govern- ment. It did not confer any powers. It merely prohibited the exercise of powers. To say that we must have both gold and eilver 88 money because the State8 are prohibited from making anything else legal tender, is as absurd as to say that we must have letters of marque and prisal, bills of attainder, and ex-post- facto laws because the States are pro- hibited from having these also. Even if the Constitution had said that we must have both gold and silver as money, no-

    . body pretends that it said or imp%$ that we should have a coinage ratio different from the market ratio, which would result in giving only one.

    The second clause in the paragraph quoted from the platform, which affirms that silver was made the unit of coinage in the coinage law under the Constitution, is false. This is one of the exposed lies of Coins Financial School. It finds an appropriate place in a platform-which advocates repudiation of both public and private debts. A unit means one thing, not two things. The first coinage law provided for two kinds of legal-tender money, which would have been impossible if one of them had

    declared the unit. Even if it had made the silver dollar the unit, -that fact would not have impaired the right of sub- sequent Congresses to change it; .

    Other parts of the platform are equal-

    The Nat ion. ly mendacious. The clause in referpncc to banks says that Congress alone hat the power to coin and issue money, ant President Jackson declared that thil power could not be delegated to corpora tions or individuals. President Jacksor never eaid anything of the kind, thought or imagined anything of thc kind. His contention was exactly the op posite. He maintained that had no power to charter a bank. never denied that the States had tha; power. The power to issue circulating notes was the very thing that was under, stood and implied by banking powers in his time, and he never questioned it When he drew the Government depositr out of the Bank of the United States which had been chartered by Congress, he caused them to be put in State banks. which were then issuing circulating notes A11 the implications that are to be drawr from Jacksons acts are exactly the verse of what are ascribed to him in thf platform. What, we beg to ask, has-be. come of the plank in the party platforn: of 1892 which calls for the repeal of thc federal tax on State banknotee? When does Jackson stand on that question?

    These are trivialities, however, in com parison with the bold and wicked mhemr of repudiation which is presented withoui a blush in the platform. Upon this ques. tion the campaign must be fought. I1 the party of repudiators cannot be pul down, the republic cannot be preserved and is not worth preserving.

    ISSUE of South Carolina, in

    his diatribe on Thursday, declared thal the financial question is a sectional is-

    sue, and when the declaration evoked vigorous hisses, he reasserted his position as follows:

    The truth is mighty and will prevail. nor obliterated by hisses. I say that the Facts can neither be sneered out of exletence tlon is sectional, in so far as it sectional, as between the Eastern and not between the people of the East, and the West and the South. We of the South have burned hrldges as far as the Northeastern Democracy is concerned, as now organized. We have turned our faces to the West, asking brethren of those States to unite with us re. storing the government, the of om fathers, which our fathers left us.

    Senator Jones of Arkansas contradict- ed Tillmans declaration that the silver question is sectional, and cited one free- coinage delegate from Maine and another from Massachusetts as evidence that the cauae is a national one. Nevertheless, it is true, as the South Carolina demagogue said, that theDemocratic party has made itself a sectional organization in this campaign by the platform which it adopt- ed in national convention on Thursday. The free-coinage issue deprives it a t the very start of all chance of carrying any State in the northeastern part- of the country.

    The Democracy since the war has car- ried the country in two Presidential elec-

    43 tions when ita candidate was installed in office, while in a third its nominee would have been inaugurated if the vote of 3 Louisiana in 1876 had counted by the Electoral Commission as it was cast. In each of these three elections the party carried the three Eastern States of New

    Connecticut, and New Jersey. In each case except 1892 the candidate would have hopelessly beaten with- out these three States. The loss of New York defeated Cleveland in 1888, even though New and Connecticutwere saved. The issue which the Tillmans have imposed upon Democracy deprives the party of the great State without which it has never carried country since 1856, except when the tidal wave of 1892 swept Republican barriers before it in Western States that had previously gone against the Democrats ever since the ante-bellum period. I t also loses the Chicago candidate New Jersey and Con- necticut as surely a8 New York.

    There are now 447 electoral votes, and 224 are required to make a majority. New has 36, New 10, and Connecticut 6. Thus 52, or nearly one- fourth of a majority, are in three States that went Democratic in 1876, 1884, 1888 (except New and 1892. The new sectional issue throws away, and its cham- pions declare that they rejoice to throw away, the +hole Northealt. How do they expect to make up for this loss ? . By a union of the South and the West, they say. The expression the South has come t o mean the sixteen States in which slavery formerly existed, and which have gone solidly Democratic in every Presidential election for twenty years. But these sixteen States can no longer be counted upon as solid. Delaware (with 3 electoral votee) and Maryland (8) will stand with New Jersey, New York, and. the rest of the East, with which their intereats are most closely allied. West Virginia (with 6 electoral votes) has been growing towards Republicanism for many it gave Cleveland but 506 plurality in 1888, and only 4,183 in 1892; it elected four Republican Congressmen, and a Legislature more than two-thirds Republican, 1894; its Republicans are confident of success this year, and have good reason their faith. Kentucky (with 13 electoral votes) went Republican by nearly 9,000 on the silver issue, with the largest vote ever cast, last year, and sound - money Democratic newspapers predict a worse defeat for the party on the Chicago platform this year. Mis- souri (with 17 electoral votes) went Re- publican in 1894, and must be ranked as doubtful in 1896.

    Tillman talks of a union between the South and the West on the silver . issue. The only possibility of such a union, EO far as the latter section is con- cerned, is when the West is restricted - . to a few States far beyond the Mississip- pi. Ohio (with 23 electoral votes), In- diana (15), Illinois (%), and Michigan (14)

    I

  • 44 are no longer really Western States, but central; the same iS true of Wisconsin (12), Minnesota (9), and Io.wa (13). The only one of these seven States that the Democratic party ever carried between 1856 and 1892 is Indiana ; in 1892 Cleve- land was supported by Tllinoia and Wis- consin. Even with the free-coinage craze raging about them this year, Michigan, Wisconsin, and Minnesota sent Bound- money delegations to the Chicago con- vention. Nobody familiar with their po- litical history can imagine for a moment that the candidate mho stands on the platform adopted last week can carry single one of these seven central States except Indiana, and the Republicans of Indima welcome a contest on the coinage issue.

    What remains Tdlmans West ? Only Kansas (with 10 electoral votes), Nebraska (E), North Dakota (3), South Dakota (4), Montana (3), Wyoming (3), Colorado (4), Utah (3, Nevada (3), Idaho (3), Washington (4), Oregon (4), and Cali- fornia (9). The whole thirteen have only 61 electoral votes, if they were unanimous

    the Chicago nominee. In Nebraska the sound-money Democrats ran their own ticket last year, and polled nearly twice as many votes as the soft-money crowd ; and thqy will the fight this year. The Republicans carried North Dakota with a sweep in 1894, and in South Dakota they cast 5,000 more votes for their ticket than the Democrats and Populists together; while in Wyoming their total ,exceeded by. 1,000 the com- bined opposition. Kansas went for Weaver in 1892, the Democrats support- ing the Populist electors, but in 1894 the Republicans polled 3,500 more votes for Governor than the Democrats and Popu- lists together.

    We do not need to carry the analysis further to show that the new sectional- ism involves the certain defeat-of the party which precipitates it. I t presents the Republicans a t the start with 52 elec- toral votes which were Democratic in 1876, 1884, and 1892, and. except New York, in 1888; it breaks the solid South by threatening the loss of the 30 of its 159 electoral votes cast by Delaware, Maryland, West Virginia, and Kentucky; it throws away the Central Stateg, leav- ing Indiana as the only one in that part of the country that can be considered as in any sense debatable; and it pares down the West to a bakers dozen of thinly set- tled States which have only -61 votes in all, and which cannot carried in a block. As a political move thi, free-coin- ape campaign is therefore stark madness.

    FREE Q. WHAT is money? ~ Any common medium of exchange which i i accepted as payment in itself.

    &. Whatis representative money? A. oommon medium eKch8ng.e

    promises_t;o money.

    The Nat ion, Q. What is meant by primary money P

    A. This is a new phrase introduced to confuse people by suggesting thaf there is also secondary money.

    Q. What is money of final redemption? A. This is another late addition to the American language implying that there are several different kinds of money. There is only one kind of money in this country. There are several different kinds of representative money.

    Q, Give examples of each. A. Gold coin is money. Everything else that cir- culates, whether of metal of paper, is representative money.

    Q IS silver coin representative money? A. is.

    Q. I n what way does the Government promise to redeem its silver. coins P A. By the act of Congress of June 9, 1879, it promises to redeem all coins smaller than one dollar when presented in Bums not less than $20. By the act of Februa- ry 28,1878, the Government promises to receive silver dollars a t par in all pay: ments to itself. By the act of July 14, 1890, it declares it to the policy of the Government to keep the two metals a t a parity with each other. By two different acts the Secretary of the Treasury is authorized to purchase coin and to issue the obligations of the United States therefor.

    Q. What is the indispensable quality and first requisite of money P A. That it should be universally acceptable.

    Q. IS there any kind of money univer- sally acceptable but gold P A. There is not.

    Q. Would not silver be equally accept- able if it were equally legal tender ? A. Silver dollars are legal tender. Give any man the option of taking one hundred of these pieces ten gold pieces of $10 each and he will choose the latter. Therefore they are not equally accept- able.

    Q. IS the difference in weight the only reason why gold is more acceptable than silver A. That is not the only reason now, but it was the main if not the only reason when civilized nations made their choice between the two.

    Q. What reasons exist now that did not exist then ? A. A variation of 50 per cent. has taken place in the value of the two metals. I n addition to being sixteen times as heavy, silver~has lost one-half of its value during the interval.

    Q. Are there any other reasons why sil- ver is not equally acceptable with gold 1 A. Yes; although a limited amount of silver (and also of nickel and copper) used as a medium of exchange, it is now a commodity in the markets of the world subject to the same fluctuations as other commodities; People do not like to use a fluctuating commodity a8 money, and will not if they c m get anything better.

    Q. Have you mentioned all the reasoas why gold is acceptable as money silver is not? The most decisive reaoon is that giiiliged world adjqsted it,-

    p o l . 63, No. 1620 self to the standard during a long period of time. A11 business is bottomed on it. It is an accomplished fact coex- tensive with the commercial world. To change to another standard would bc literally turning the- commercial world upside down.

    Can such a change be produced? A. I t is absolutely impossible. In a con- ceivable case one country may turn itsel upmide down, but that feat would not make gold less acceptable or silver more

    even in that country. Acceptableueas is a state of the human mind which laws cannot change.

    Q. IS the preference gold universal? is universal among civilized men.

    Even the silver advocates in the United States prefer gold in their business af-- fairs-that is, everywhere except on the stump. Senator Stewart of Nevada makes his mortgages payable in gold. When he was reproved for this bad example, he . said that he merely followed the universal custom on the Pacific Coast, where he lives. So we have his authority for the statement that in the section of the - . Union where the demand for silver is most vociferous, everybody prefers gold in his private business.

    ~ Q. Can you give any other examples ? A. The Territory of Arizona brought a bill beforecongress two or three years ago, asking authority to issue bgnds pay- able specifically in gold, on the ground that the money would b-e borrowed at a considerably lower rate of interest than if they were payable in dollars without specifying the kind of dollars. The * State of Utah is negotiating a specific gold loan now the same reason. Yet both Arizona and Utah are politically for silver.

    Q. What do these acts signify ? A. Two things: First, that gold is prefera- ble to silver in the general estimation of mankind ; second, that payment in gold is an advantage to borrowers.

    ROUTE DEVELOPMENTS. THE irritation caused at first in England by the request, almost amounting to a de- mand, of the Transvaal Government that steps be taken to try Cecil Rhodes complicity in the Jameson raid, seems now to have passed away. The ministry are slowly feeling their way towards measures intended to satidy the that English justice is something more than a name. Mr. Rhodess resignation from the Chartered Company has at last been accepted, doubtless under the advice or pressure of Secretary Chamberlain. It is now intimated that a myal commis- sion will 80011 be appointed to investigate the whole question. The reason formerly given for delayed official action-namely, that the Government must await the sult of Jamesons trial-has now lost most of its Jameson has baa only a pre- liminary hearing, but the evidence of guilt brought-out 60

    -

  • July 16, 18969 whelming that it is absurd for Cham- berlain to say any that he must wait to see what $he courts will decide. The time is now ripe a comprehensive ahd conciliatory inquiry into the whole affair, and tlie indications are that it wilj speedily be begun.

    A good precedent (and a great advan. tage) for the English Government lies i n

    - their own action in 1881 in then restoring the independence of the Transvaal. That was an act of conspicuous justice and magnanimity, for which Mr. Gladstone was at the t ime, and-has been since, roundly abused by the Tories and Jingoes, bu t t he memory-of which will stand the Eiiglish negotiators in good s tead in the present situation. I n a speech some days ago at the South African dinner in Lon-

    Chamberlain read from an auto- graph letter, before unpublished, of the late Sir John Brand, written in 1881. Sir John was one oE the ablest statesmen that South Africa ever knew, and, speak- ing of the restoration of independence t o the Transvaal, he said that it was a noble act which only a great and power-

    nation could have performed. He added that it would surely have its re- ward, as it would secure for England the affection of the whole of South Africa. Something of this must have been in the mind of President Krdger when he lately declaredthat mutual trust must be the basis of our political principles, and that trust the Republic on its side will never put to shame.

    It cannot be denied that the first and inevitable effect of the events of last De- cember was to arouse intense suspicion of English policy. The Transvaal and the Orange Free State were a t once drawn together as if for common defence. They increased their armament. They redoubled their watchfulness on the frontier. Native and anti-English senti-

    ~ ment rose to a great height, and the elec- tion as President in the Free State of a man of strong Dutch-Afrikander feelings was a direct consequence. Even in Cape Colony much jealousy of English inter- ference in South Africa was displayed, and the Afrikanders in the Cape Parlia- ment had many bitter things to say of English greed and broken promises. I n short, English prestige. seemed seriously checked, and the project of South

    But time and discussion and a spirit of concession on both sides have much eased the situation. In the Transvaal a serious effort has been made to redress the just grievances of the Uitlanders in respect of educational opportunities, citi- zenship, the suffrage, and taxation, A t the same time a clearer idea has been given of the exaggerated nature of some of the demands of the Johannesburgers. Like the Americans in Hawaii, they were too much disposed to insist upon the privileges without the responsibilities of citizenship; they wanted to vote without renouncing their allegiaAce to foreign

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    . can federation hopelessly pu t back.

    powers, or being compelled to bear a r m in, defence of the Republic; they wantec to be citizens in respect of local immuni, ties and favors, while at the same timc aliens in respect of the right to demanc the protection of a foreign flag. On tht other hand, a much quieter tone markt the late discussions in the Cape Patiia ment and at Westminster. Schreiner is not alone, a t the Cape or in London, ir affirming: It is conspicuously the par1 of any man who loves his country to feel tha t the method! to be employed muel be those of the most soothing argument, and impressed with the one watchword fo: South Africa-patience. The Eng [ish Government has now beforeit agreat opportunity for constructive statesman- ship in healing by wise and conciliatory measures the soreness caused b y the rash folly of Rhodes and Jameson. It will be interesting to see if it rises to it.

    For American readers the series of arti- cles on South Africa by Bryce in the

    Magazine have most time- ly and instructive. With dispassionate and philoeophic mind and ample know- ledge, he traces the racial and industrial and political development of South ca, and in clearest light the essenl tial elements of the problem confronting peoples and governments. Moat valuable of all, perhaps; is his last instalment, treating of social conditions, particularly of the negro question, in South Africa. His intimate acquaintance with our own similar difficulties enables him to put the case before the American public with sin- gular aptness and force. South Africa has been an unknown land most Ame- ricans,-and it will be hard- for them to realize that governmental and social questions such have long vexed UE are acute also in those rapidIy common- wealths in _the south of the dark conti- nent. For compact and impartial infor- mation, and for helpfuldiscussion of the whole matter, they cannot do better than to turn to Mr. Bryces articles.

    CASTELLANE. July 2, 1896.

    FOUR octavo volumes, even in our time of le!alled memoirs-it seems as if the famlly of 3narshal Castellane might have been content with a less ponderous homage to the member )f their house who attained the highest dlgnity n the French Army. Shall I say that I have lad the courage to read these four volumes the enterprise, I confess, seemed hard at first,

    I did not expect t o well rewarded ; but >y degrees 1- became accustomed t o the man- ler of Marshal Castellane, and I took some >leasure in his defects as well as in his quali- iies. He mas essentially what is called a mar- met, a fanatical worshipper of disclplme, a ttrict observer of the army regulations, men oldest and most obsolete. People, it teems, who knew, would recognize a t once the !egiments which had been formed under his

    drection ; and, after all, so long as there v e standing armies, su-ch men as he- was wlll )e necessary. He had the strictest sense of luty;. the army t o him the alpha and

    45 omega of life, of patriotism, of honor, of am- bition. Born before the Revolution, he never adopted the id_eas of the old reglme ; he was ~

    a monarchlst an imperiahst. To him the army was France, its greatness the greatness oE the country, whatever the gov- ernment might he.

    He was born on March 31,1788, ih Paris; his mother was a Rohan-Chabot, father Boniface, Marquis of Castellane. At the of sixteen, on December 2,1804, the day of the coronation of the amperor Napoleon, was incorporated as a private the Fdth Regi- ment of Eight Ipfantry. My taste for the profession of arms, he says, never ceased from that time. He became rapidly a corpo. ral, a sergeant, and received a brevet of lieutenant 1u the Twenty-fourth Dragoons. Castellane had to Join h1s regiment in Modena; from that place we follow hlm t o Mfian, .to Pau, where he joined the corps of General Junot. Ee enters Spaln on the staff of Gene- ralMouton, occupymgMadrid, andtakingpart . in the princlpal events whch occurred when Joseph becarno King of Spain. =

    Castellanesfatherwas Prefect of the Basses- Pyrenees a t the time of the reunion of a Junta a t Bayonne for the-frkmmg of a constitution.

    He had the privilege of saying whatever he would,to Napoleon, who llked to talk wlth h m and even sometunes to chaff with h~m.

    here;. the prefects, a hundred leagues distant One day he sald. Castellane, you are a pasha from Paris, have more power than I have. Y e s , Sire, the prefects see that the taxes are pmd, they give men for making mar. They are the caterers of your glory; they pre- pare the dlshes, your generals eat them. M y father often told me that people could say anything to the Emperor, especially in t8te-8- tdte. Hewouldlisten and allow people totalk, which is not the case with all sovereigns; in varlous affam that, at the review of his

    Young Castellane showed so much bravery dlvision at Burgos, General Mouton asked of the Emperor the rank of captain for him. ILHis Majesty refused, finding me too young. The General then asked for the cross of the Legion of Honor. for ma, adding, E e is the - son of the Prefect of the Basses-PyrbnBes. . You spoil my young men, Nonsieur Mouton,

    the Emperor. The General was obsti- nate, and became red with rage. His M a p s ty ended by saying: Well, after the first engagement. I was twenty years old, but looked much younger. If the Emperor had not held review in person, the proposition in my favor would have been accepted with the rest. I received the later, but it was really on that occasion that I can say that I ~ deserved 3 best.

    Castellane was often near the Emperor dum lug this Spanish campaip,, he accompanled him on horssback t o Guadarrruna, and tells how Napoleon would cross the mountams in^ the snow and over icy road, how fell w ~ t h his horse without hurting himself, how Napoleon liked to gallop with the vanguard, and often far away from vanguard. day, when Napoleon was trying to find the Engliah Army, he went so far away with a single squadron that Marshal Neysaid t o him: I thank your Mapsty for having been will- ing to the business of my vanguard. On another occasion Castellane accompanied him, wlth only twenty-five soldiers. People were . surprised,-m a country llke this, to see his MaJesiy with such a-weak escort book fell out of his pocket. I picked it and read its tztle before giving It to-the officer on duty : it was eutitled Entre et Loup.

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