Senator Jones Breaks With Republicans Over Silver Coinage
In a letter from Washington dated August 20, Senator Jones declares he cannot remain with the Republican Party, denouncing its shift to the gold standard. He argues money supply, not tariffs, governs national prosperity, and warns that repeal of 1890 silver measures worsens unemployment and depresses prices, urging free coinage at 16 to 1. He cites European interests and critiques party leaders for backing monetary policies aligned with money lenders.