The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1885-10-03
sILVRR--THE WARNER BILL.

! Co, New York, have issued the So.Calle
Warner Silver Bill in the form of n circu
lar, and seem 10 invite expressions from
the press Of the country in regard to ito
rather against it,
There will undoubtedly be a very deter
mined effort made at the next session q
congress to repeal the sO-called Bland Law
and stop the coinage of silver dollars tina
law recurring at least - 100000 to be coin
ed each month. The opponents of thu
Bland law are the more confident becaus,
it is well known that President CleveanC
and Secretary Manning favor its repeal
The press at the East is also nearly unani
mously clamorng for it, and both parties
at their recent New York and Ohio state
conventions, adopted resolutions agains'
the continued coinage Of the silver dollar
The arguments against such continuance
are mainly that some $G0,000,000 more of
silver dollars have already been coined
than can be forced into circulation, that
silver is rapidly depreciatlng in value, as
compared with gold the Bland dollar now
being worth but 70 cts. in gold that if the
coinage is continued gold must soon be
driven out of the country, or cease at least
TO be a part of the circulating medium
here, as it ceased during the war, thus
greatly and ruinously contracting the cur
MADAM ln pIn,l I, al,
eminent is obliged to eXpend millions an
nually in the purchase of silver, which Is
so much dead capital, as it can make no
use of the silver dollars when coined, &c,
&c.
While using potent arguments like these
against the continued coinage of the silver
dollar, however, those who are clamorng
for the repeal are careful to insist that the
movement is not in behalf of mOnometal-
ism, or the decentralization of silver In any
sense, but as the resolution of the New
York Democratic convention expresses il,
the repea. is asked as necessary prelimi-
nary step to some "practical measure of
agreement with other nations by which
the ratio Of va,ue l,etween cold and silver
may be made less tuctuating."
Yet there is no doubt that at the bottom
of the movement is the opposition, which
+ sboro1 NV al tha I,,ul,ors ,,l Lo.,,.,, o,,,
italists and moneyed men Of the country
~ tha continuance of sf1yor # al, nc , mort
Of tha circulating melfpu or tho world
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