Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1885-12-17
WHAT m OTHER. COUNTRIES

WHAT N OTHER. COUNTRIES
has been thus far submitted upon this sub.
OF home nature. nnconnected with the
hearing which the policies of other nation
apparent that a line of action in regard to
our currency can not wisely be settled upon
or persisted in Without considering the asti.
whom we maintain intercourse through
commerce. trade and travel An ac.
by virtue of which our silver is compuIsorily
coined. 1t provides that the President shall
invite the governments of the countries
| composing the Latin Union, SO called. aud OF
such other European nations as ne may
a confereace to adont n common r rstin a..
tween gold aud silver, for the purpose OF
establishing Internal onally the use OF bi.
metallic money and securing fixity OF rela-
tive value between these metals This CO n
ference absolutely failed and q similar fate
same direction, and Still we continue our
coinage of silver at a ratio diffsreut fro
that OF any other nation. The most vital
part OF che silver coinage act remains mop
erative and unexecuted and without any
ally or friend. We battle upon the silver
field in
AN ILLOGICAL AND LOSING CONTEST.
To give full effect to the design OF Con-
gress on this subject I have made careful
and earnest endeavor since the adjournment
of the last Congress. To this end delegat-
ed gentleman we'll instructed in fiscal sci
ence to proceed to the financial centers of
tiers to England France and Germany, to
obtain a full knowledge of the attitude and
intent of these Governments in respect to
the establishment OF such an international
ratio as would procure free coinage of both
metals at the mtnts of those countries and
eral at Paris has given close attention to thu
proceedings OF the
CONGRESS OF THE LATIN UNION,
in order to indicate our interest in its objects
and report its action. 1t may be said in brief,
as the result of these efforts, that the atti-
tude of the leading powers remains substan-
ence of 1854, nor is it to be questioned that
the views of these governments are in each
instance supported by the weight of public
opinion Tue steps just taken have, there
fore, only more fully demonstrated the use.
lessness of further attempt at present to ar
rive a. any agreement on the subject with
other nations. In the meantime we are &C
cumulating silver coin. based upon our own
ing so heavy q burden to be provided for in
any international negotiations as will render
us an undesirable party to any future None
tary Conference OF nations.
1t ts significant fact that four OF the five
countries composing the Latin Union men.
with their silver currency have just com
pieted an agreement among themselves that
no more silver shall be coined by their re-
been already coined and in circulation shall
be redeemed in gold by the country OF it's
coinage. The resort to this expedient by
these countries may well arrest the atten-
ton OF those who suppose that we can sue.
temp without upon nry " .s srss
under the proyisons of our siiVss COMA a ge
may be placed by a persistence in our pres
emit cou rse is a matter of concern to every
Government to pay in silver snch Of its
obligations as should be paid in gold; nor
should our condition be such as to oblige us.
In prudent ma ,agement of our affairs, to
discontinue the calling in and payment of
interest bearing obligations, which we have
the right now to discharge. and thus avoid
turCh9r lntere5t thAraOn.
THE DISASTER THREATENED.
The So called debtor class, for whose bene.
yer Is insisted upon, are not dishonest be.
cause they are in debt, and they should not
be suspected of desire to ieopardize the
financial safety of the country IN order that
they may cancel their present debts by pay.
ing the same in deprecated dollars; MOI
should it be forgotten that it is not the rich
nor the money lender alone that must sub
nit to such a readjustment, enforced by the
Governments and their debtors. The pittance
of the widow and the orphan and the in.
comes of helpless benefciaries of all kinds
would be disastrously reduced.
ENOUGH SILVER ON HAND.
The depo5itors in savings banks, and OF hel
institutions which hold in trust the savings
of the poor, wnen their little Accommodations
things, would, In their distress, painfully
realize the deiusion of the promise made to
their condition. We have now on hand ali
the silver dollars necessary to supply the
present needs OF the people and to satisfy
in circulation, and il their coinage is sus
pended they can be readily obtained by
all who desire them; if the need of more
is at any time apparent their coinage may
be renewed That disaster has not already
OyerGaken US furnishes no proof that danger
does not await upon q continuation of the
present silver coinage. We have been saved
by the most careful management aud un-
usual expedfents, by a combination of fortu-
nate conditions. and by confident expecta-
ton that the commerce of the Governments
In regard to silver coinage would be speed
lily changed by action of Congress Pros
perity hesitates upon our threshold because
of dangers and uncertainties surrounding
this question
SUSPENSION OF SILVER COINAGE RECON-
MENDED.
Capital timidly shriuks from trade, and
investors are unwilling to take the chance
of the questionable shape in which their
money will be returned to Them while en-
terprise hats at a risk against which care
and sagacious management do not protect.
As necessary consequence, labor lacks
employment, and suffering and distress are
visited upon portion of our fellow citi-
zens especially entitled to the careful con-
sideration of those charged with the duties
of legislation. No interest appeals to us 50
strongly for safe and stable currency as
the vast army of the unemployed. l rec
ommend the suspension of the compulsory
coinage of silver dollars directed by the law
passed in February 1878