National Republican. (Washington City (D.C.)) 1872-1888, 1886-02-06

Breakfast Table Letter to the President.
Nh. PRESIDENT: The peoples representa-
tivcs and the elements have showed under
your silver policy, although your cabinet has
adRiysd the Secretary of the Treasury to in.
f,Ltl Congress that II remains unchanged.
Senator sherman, statesman Of the highest
reputation In drafting and executing financial
measures, has presented bill for the suspen.
sion of the coinage OF the standard silver dol
lar. It has n silver covering with golden
lining. The friends of silver coinage op.
pose the bill, first, because II suspends the
further coinage of the standard legal tender
silver dollar; second, because It does no. pro.
vide for the coinage OF any silver dollar of any
weight; third because II Is based upon the
gold standard alone; fourth, It does no, place
gold and silver bullion upon an equality at the
United States minis; fifth, because your single
standard Secretary of the Treasury, in its
execution would have the power in com.
binatlon with the banks, TO depreclate
the market value of silver bullion by
selling 1t for gold coin, for the payment of
the coin certificates. The accumulation OF
silver bullion from year to year, under the
provisions of the bill, would give such
visible supply, subject to sale, as would
| tend to depress the market under the
| manipulations OF the bears OF Wall street
| The clause IN the second section that
| provides for the payment of the certificates in
coin, and another clause which provides for
| 81 81, oil, A..
treasury for security and payment of the GER
tiAcates," carry an instruction for the secre.
tary, whenever certificates are presented for
| payment, TO sell the collateral for coin to meet
the demands of the holders
IN uulriendy use Of this power would occa.
sion loss TO the government and strike heavy
blow against the policy of bimetallism, Would
1t not be as sensible to issue certificates on
wheat aud pig iron or any other commodity,
except fruit, which would rot, or whisky,
which would eyaporate?
If Senator Sherman had presented bill to
increase the amount of silver TO DO used In
the coinage Of standard silver dollar II
would have been received with more favor,
but would not be adopted by Congress until
an international congress Of commercial ma
tons could agree as to what weight and fine
ness should constitute the worlds dollar.
The people have declared for the people,
money, Better get on the sido Of the people
Mr., President, call another Cabinet meeting
and instruct your Secretary Of the Treasury 4
inform Congress that you have changed, tina
the recen; vote in the House Of representa-
tiyes has given you new light, Unless you Dc
this, your trip to Buffalo TO vote for Gov. HI
ana your contribution to his campaign funJ
viii not produce tie result anticipated.
Mr.. President, the Bell telephone and tho
Pan-Electric telephone business occupies con
siderable space in the public mind, "Bc thol
pure as ice, as chGsto az snow, thou Shalt mol
escape columny,' lcg We are commanded 70
avoid even tie appearance OF cyll, The failure
or your Attorney General to observe this pre-
ceIt while senator Of the Uliied states, u5ue
his high position and great influence for stock
to enable his associates 70 give speculative