Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1890-03-29
A sun MING UP
ny Judge sheldon Regarding tho
WINDOW Plea Concerning Silver.

ny Ju0g0 SnelOOn Ae&0FO1n& tno
Window Plea CONCERNING Silver.
In the last New England Magazine ap-
peared an article by Judge Sheldon on Sec
rotary Windom's plan concerning silver.
The summing up of the article is as follows:
Under the heading "The Old Law Better
Than Any New Tangled Experiments" Judge
Sheldon concludes his article as follows:
Better than all these experiments and
"plans," better than all these complex highly
artificial and confusing systems of managed"
finances that have hitherto brought us dieas-
ter and only disaster, better than all these Is
the plain, simple, easily understood law de-
hning "dollar" within the meaning of the
law of legal tender and providing for the
coinage of gold and silver both alike and on
the same terms in the law as 1t was provided
from the beginning and continued to 1878.
The present experiment" rests on an ex-
perienoe of injuries suffered without the
benefits promised, while the old law was
baeed on an experience of benefits without
any injuries suffered. That law calls for no
compromise; 1t Is envelopsd in no doubt; it
rests on no conjecture like the new and I'M
tried "plan."
/. 1t would instantly add an immense new
value to all silver bullion.
Q. 1t would reduce the strain of the India
competition and reduce the incompatible
losses that competition every year costs our
farmers and planters.
8. 1t would tend to stop the general down
trend of prices.
4. 1t would restore part of the loss that
that the prices of commodities have sustained
and which they now suffer.
8. 1t would provide q currency more stable
In value than any that at present exists.
.. 1t would perhaps send part of our gold
to Europe, where II would raise the price of
all our products sold in Its markets.
z. It might bring down the price of our
four per cent. bonds so that they could be
bought by the government at less than twen-
ty-six per cent. premium.
g. If gold should be held at q premium
over silver that premium would add new
and further form Of protection" in our trade
OF purchasing manufactured goods from gold
using nations.
Q. 1t would raise the prices of wheat and
| cotton and prevent the enemies of our tariff
system from psrsuading the people that our
Losses by silver legislation, are losses by tar
| III legislation prevent them from SUBJ
| jecting this country to something akin to
dia. by Misrepresentation Of q situation OF
which the people are becoming more and
more Impatient.
| 10. II would be safe in finance; it would be
wise In politics; 1t would be just to all; 1t
1t would be the first firm step in securing
our manufacturing ana commercial leaoer-
| ship among all tho American siver-using ma.
tions-our chief customers abroad in our
selling trade of manufactured goods.
IL. 1t would be the quickest road to the
adoption by England of silver as full legal
| tender money a. . means of retaining her
| foreign trade and of preventing that trade
slipping from her hands into ours through
| the silver rift.
| -. 1t would lead by the shortest 70 ute ia
bi metalism by treaty among all commercial
nations aud so end this disastrous money
conflict in union whose benefits would bs
shared by all and whose burdens would be
felt by none.
| 49, 1t would lead to the establishment Of
a higher justice in international, commercial
and financial affairs on basis as solid as
the mutual interests of all mankind.
| IA. 1t would be glory worthy of strong
men "out of this nettle danger to pluck tbs
flower safety" not for one great nation
alone, but for all nations for all time, and
that by simple fidelity to duty amid the
clamors of interested parties, by a measure
of comprehensive craftsmanship.
| futile, Morehouse & Taylor have received
an order for 10, 900 copies of the article In
the New Highlander above referred to entitled
Secretary Windows Plan Concerning Silver