Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1886-01-16
NGALL BACKS BECK.
The Kansas senator Talks for the
Western Republicans on the
- Silver Question.
from an Interview with Senator Ingalls, in
the Inter- ocean,

RStAeASc ASoto
the Allegheny and the Rocky Noun
tains, and an alliance OF the Mississippi
and the Gulf states in the immediate
future on economic and social questions
is inevitable. The interests Of these
sections are identical and opposed to
those of New York and New England;
and with a majority of the votes in the
lower house, aud after the admission of
Dakota, and a consequent majority OF
votes in the electoral college, it is more
than likely that the next presidential
election will be fought on issues now
presented. These issues are the rela-
tions between labor and capital; the
protection of American industries by q
revised tariff; the control of railroad
corporations; the Establishment of all
abundant and satisfactory currency.
So far as l know the. sentiment of this
great interior, region is
PRACTICALLY UNANIMOUS
in believing that the coinage of sill
yer should be continued. They re-
gard it as an essential factor in the
prosperity of the country, and believe
the arguments against it to be ~fallacious
and unsound. They have eve ex-
perlenced any inconvenience resulting
from its alleged depreciation or super
abundance. They find as much can be
purchased by a silver dollar, a silver
certificate, a gold dollar, or a green
back. All predictions of disaster now
made were originally made when the
coinage law passed in 1873, and all
have been falsified. The people are
bimetalists and wiling that gold and
silver be recognized in the currency of
the country, but if the attempt of the
Wall street brokers and capitalists to
demonetize silver is pressed too far it
is not at all improbable that the result
of the struggle will be the establish
ment of a single standard of silver, and
the practical demonstration. of gold.
ent, that is rapidly ripening into ex-
ASPIRATION, at the efforts of the admin
istratiOn, i'll connection with Wall street
bankers, to interfere with the currency
in the way now proposed by President
Cleveland and Secretary Manning.
This feeling applies not alone to the
present administration, but to the ad-
illustrations of Presidents Hayes,
Garfield and Arthur, which were
ALIKE DELINQUENT
on this Snhj-c,. each openly violating
the law and deiying the will of con-
greSs. Silver has been habitua. ly stig-
matized and degraded by the efforts
If the past three administrations. To-
day there is a larger per cent of silver
IN The treasury represented by outstand-
ing certificates IN circulation than gold,
aud tie senseless clamor about the fail
IRE to circulate the silver dollar and
the difficulty of inducing people to take
il has no foundation i'm fact The peo-
dating adiuln They prefer paper
with a proper reserve of coin to make
it a safe m.dlum tor business transact
tons, aud even if silver be deprecated
TO the extent claimed by President
Cleveland, still it is a better currency
than the ~greenback, for at least IS cents
III coin is behind every dollar of a sill
yer certificate, whereas behind the
sreenback dollar there is but 80 cents
i'll gold. 1t, is unquestiouably true that
the entire bonded indebtedness of the
country is lawfully payable in the sill,
yer coin of the United States. The
silver dollar was legal coin when the
bonds were issued, and if there be all
excess OF silver dollars in the treasury
the natural inquiry suggests itself why
the president aud MIR. Manning do not
apply it to the payment Of that portion
OF the public debt
SUBJECT TO CALL.
A somewhat minute canvass of both
houses leaves nO doubt that the coinage
IF silver will be continued, and the eff,
forts OF the administration aud the
bankers be defeated"
"And what of the propriety of a un-
form international monetary stand
ard?"
"It would undoubtedly be of great
benefit if the European powers would
unite with the United States govern
ment in some agreement by which sill
yer should be regarded as a common
basis of circulation. Congress enacted
at its last session that an effort should
be made to secure the cooperation OF
England. France and Germany to this
end. In pursuance of this law enacted,
the president sent Manton Marble, OF
New York, on a monetary mission to
Europe last summer, and he epOrt-
ed an unconquerable indisposition on
the part of the great powers to unite
with this country in a recognition of
silver. The seffort tailed, as have all
previous efforts, notably the one under
President Hayes when Messrs. Evarts,
Thurman and Ho We were in Paris. So
there seems no present prospect of any
agreement being reached to recognize
silver as a part of the
MONEY OF THE WORLD"
"But do you favor a temporary sus-
pension OF silver ~coinage?"
"Rather than have even a temporary
suspension of silver l would have free
coinage; and if the issue be forced, |
have no doubt both houses of congress
would favor the deposit of silver bull
lion in the treasury and the issue of
silver certificates at a stated market
value which should be legal tender.
Rather than add anything more to the
silver dollar l should rather eliminate
q little gold from the gold dollar. l
think the free coinage of silver would
promote an equalization between gold
and %silver."-
4 SURE SIGN.
From the Detroit Free Press.I