National Republican., 1888-05-03
srnntnr stcMnrt ON siiycr.

Nlol stewart tUleu up his resolution ulIt'l-
ing the Secretary Of the Treasury to furnish
information Us TO the amounts of silver
offered and purchased since 1878, and the
effect of the quotations in London Of India
council bills ON the market price of silver.
Upon this Senator Stewart delivered a
most able aud exhaustive speech on til,
silver question In opening it, the senator
said;
lproposc to- show that circumstances have
arisen, and that il was the duty Of the Sccre.
tary of the Treasury from the first To pur.
chase Si,oOO,cOO worth per month, II that hal
been done silver would be at par today We
would have about S3OO,OOO,OCO more Of cireu.
latiun; we would not have shrinkagc Of
values. hard times, paralysis of business, gcn'
Cral gloom, and low prices oC wheat and cot.
ton. I shall show that II has been In the
power uf the secretary Of the Treasury fro II
tie beginning To rcscuc this country from the
financial embarrassment under which II has
luburcd for the last fourteen years
Senator stewart clearly dem )ustratcl the
proposition laid down above, and showed
that while England was forcing down the
| price of silver tD build up India
as n rival to the United States in the pro.
| duction of wheat and cotton the Secretary
Of the Treasury 10y purchasing the iull
amount of silver allowed by this law could
have forced the price TO or above an equal
ity with gold, and in doing this would
have added largely to the value of our
principal agricultural exports, wheat and
cotton.
The tables and extracts given by Sena-
tor Stewart are of great value, show a close
research into the subject. and prove most
conclusively that England is the bene-
lciary, while the United States is the suf-
rcrcr from the decentralization of silver
The NATIONAL REPUBLICAN Is thoroughly
! IN accord with the views of the Nevada
senator on the silver question, as It has
more than once demonstrated. The
| greatest silver producing nation of the
world, the policy of the government should
| be TO make silver valuable rs the money
of the world, instead Of endeavoring to
make it a commodity to be hGwked in the
| markets.
Senator Stewards speech is a valuable
contribution on the silver question, In
closing he said
The time will come when the voice Of the
| people will be heard and somebody except an
| agent Of an overgrown monopoly will be IN
! the Treasury Department to act for the in
| tcrcst of the people of the United states, AMI
/ not to do the bidding of Great Britain to de
stoy our prosperity, TO ruin our products. tC
dcprcciatc everything produced here, to aug
mcnt the wealth Of bondholders in England
and bondhodcrs in the United states, aud {,
augment the wealth of EnglUnd's possessions
and break down our own. We will some
| time when II will come do not know, but
the time will come when we shall have an
American policy, when we shall have some
body at the head Of affairs who will hear the
voice Of all the people.
For years there has been a majority in hotl
houses Of Congress in favor of the cOmplct,
and absolute reconciliation of silver, but i
j. stopped at the other end of the avenue
| Wien we get legislation there comes prcsi
DENTAL veto. The Bland act had to bt
trimmed to veto. The trouble arises all tn,
time in the same way. We have agents sen
TO Europe to inquire what the bondholder
there want; ana who bring arguments frou
them for American consumption The argll
mcnts that they make arc not the same tina
we find in the testimony thss make in thei
own country, as have shown They admi
then that their policy is destructive of Us
They say that is their purpose, they say tina
they will destroy their own agriculture or pre-
tcct II by tariffs for the purpose Of putin
down wheat and cotton that they are force
to buy from us, and that they will build II
India, open up trade there, and benefit thei
own manufacturers in that way.
1t Is incredible to me that any man born ol
American soil or naturali2ed under American
law can be so pervcrsc so deaf to the voice o
the people, the voice of the two houses o
Congress, the voice of common justice, as Il
deny to the people Of the Union both slve
and gold without limit and without stint.
do not wish to cast special reflection upo
anybody. am dealing with system tina
was inaugurated years ago.
From beginning to end am at war Wit
that policy and want Il representative in tn
white house with an American policy, who
in favor of American industry, Of equal right
Il champion of the people ana not Of the bond
holders or English mUnopOlists,
|