The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1885-12-10

sign or congress on this subject have made
careful and earnest endeavor since the 3D.
9ournment OF the last congress- To this end
l deiegated = gentleman we'll instructed In
nscal science to proceed to the financial GEN.
tiers OF Europe and In conjunction with our
ministers to England, France and Germany
to obtain full knowledge of the attitude
and intent OF these governments In respect to
the establishment OF such IN international
ratio as would procure free coinage Of both
metals at the mints of those countries and
our own. By my direction our consul general
at Paris has given close attention to the pro.
ceedings OF the congress of the Latin Union
In order to indicate our interest In ito
G It NAV and b. report so;o it; action S,sa:
as the result Of these efforts, that the attitude
OF the leading powers remains substantially
unchanged since the monetary conference Of
1881, nor Is to be questioned that the views Of
these governments are for instance sup
opinion. Tie views thus taken have P 4Sers.
tore, only more fully demonstrated the USE
leseness OF further attempts at present to
arrive at any argument on the subject with
other nations. In the meantime
WE ARE ACCuMULATIN0 SILVER COIN,
based upon our own peculiar ratio, to such
an extent and assuming so heavy q burden to
be provided for In any International nexotia-
tlons a. will render us an undesirable party
10 any future monetary conference Of NJ
tons.
1t is Significant fact that four Of the nve
countries composing the Latin union mem
TONED In our coinage act, embarrassed with
their silver currency. have just completed an
agreement among themselves that no more
silver shall be coined by their respective gov
ernments, and that such as has been already
coined and in circulation shall be redeemed
in gold by the country of its coinage The
resort to this expedient by these countries
may well arrest the attention Of those who
supposed that we can succeed without shock
or injury in the attempt to circulate upon its
merits all the silver We may coin under
the provisions of our silver coinage act.
The condition in which our treasury may bo
placed by persistence In our present course
NATTER OF CONCERN
to every patriotic citizen who does not desire
his government to pay in silver such Of it,
obligations as should be paid in gold. Nor
In aprudent management Of our Affairs, to
discontinue the calling In and payment Of in
teresrbearing obligations which We have tho
right now to discharge and thus avoid the
payment Of further interest thereon.
x xhese %sosst n. debtor class for
coinage of silver is insisted upon, ARE not dis
honest. because they are in debt and they
should not be suspected Of desire to jeop-
ard1ze the financial safety Of the country in
order that they may cancel their present
debts by paying the same in deprecated dol
lars, nor should it be forgotten that it is not
the rich nor tho money-lender alone that
must submit to such REIMBURSEMENT, forced
BY the government and their debtors. The
pittance Of
THE WIDOW AND THE ORPHAN
and the incomes of helpless benefciaries Of
all kinds would be disastrOusly reduced. The
depositors in savings banks and in other
institutions which held in trust the savings
OF the poor. when their little Accommodations
are scaled down to meet the new order Of
things. would in tn ir distress painfully real
lie the deuson Of the promise made to them,
that plentiful money would improve their
condition. We have now on hand all the Oil
yer dollars necessary to supply the present
needs of the people and to satisfy those who
from sentiment wish to see them In oircula-
ton, and Ii their coinage is suspended they
can be readily obtained by all who desire
them, If the need Of more Is at any time ap-
parent their coinage may be renewed.
That disaster has not already overtaken US
furnishes no proof that danger does not wait
upon q continuation Of the present silver
coinage. We have been saved by
THE MOST CAREFUL MANAGEMENT
and unusual expedients. by combination Of
fortunate conditions and by q confident ex-
pectatiOn that the commerce OF the govern
ment in regard to silver coinage would DO
speedily changed by action Of congress. Pros
PcIlLy ucSIloIeS upon our tDEeS0OlO UeCBu00
of the dangers and uncertainties surrounding
this question. Capital timidly shrinks from
trade and investors are unwilling to take the
chance of the questionable shape in which
their money will be returned to
them, while enterprise halts at q risk
against which care and sagaoious manage
ment do not protect. Az necessary conse-
quence labor lacks employment, and suffering
and distress are visited upon portion Of our
fellow citizens especially entitled to the caro-
full consideration Of those charged with the
duties OF legislation. No interest appeals to
US more strongly for safe and stable cur.
rency than the army Of the employed. rec
ommend the suspension Of the compulsory
coinage OF silver dollars, directed BY the law
passed in February, 1878.