Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1890-06-28

uTeu Hi6u nave 1c1I Tue COuHby anu
state within the past three years who
were owing US and a number Of them
took our securities with them. In
these cases we secured an adjustment
but the costs absorbed all the profits.
That the passage of the bill would
be disastrous to Wall Street is evi-
denced by the howl they have set up
in opposition to it.
The usual interrogatory being
propounded to A. Il. Blair, ne
said: "In my judgment the silver
bill now pending in the lower house
of congress should be amended in
such a manner as to make the COIN
age of silver absolutely free for all
silver mined in the United States,
with silver from foreign countries
barred from the minis of the govern
ment. | think the bill now pending
is as good as we can hope to get.
There is one thing upon which we
all agree. and that is, there is not
enough money in the country to
meet the Legitimate demands of
trade and business. If the country
continues to develop in the future
as in the past, more money must
come from some source or grave
| financial disaster will follow. Some
thing must be done to Tighten the
burden of the people in the west, and
it must be silver or nothing. In my
opinion the proper remedy would
have been for congress to enact a
law relieving national banks of I'M
Just and double taxation and author
izing a full issue of circulating notes
up to the par face value of the gov
eminent bonds, deposited with the
treasurer to secure such circulation.
This would be a simple act of JUS
tice and would give the country over
one hundred millions more circula-
! ton. But there is no hope in this
direction on account of the insane
prejudice existing against national
banks. Our statesmen in Washing
ton prefer to pander to public opin-
ion rather than to enact just and
wise laws. If the coinage of silver
can be confined to the product of the
American mines l believe that all
lines of industry, trade and business
will take on newness of life and ac-
tivity, and that prosperity will be
permanent and lasting
F. H. .Conger thinks the bill
should be passed, but at the same
time thinks some of its provisions
should be amended. Foreign coun-
tries should not be allowed to sell
their silver here and take away our
gold without some restrictions. A
certain amount of experiment is al
ways necessary, and while this bill
may not be perfect as it now stands,
on the whole, | am in favor of pass
ing it, and when its weakness in any
particular is demonstrated it can be
amended. | think it will reduce the
rate of interest. Our circulating
medium is not large enough to do
the business of the country, and this
much is admitted even by those who
oppose the bill. France has S25
circulating medium, per capita, while
the United States has but S.. Yes,
am in favor of the bill"
Geo. M. Ufford said shat he was
| in favor of the unlimited coinage of
silver, fora time at least. 1t will
increase the circulation and stimu-
late business. The scarcity of
money in this country is the primary
cause of hard times. 1t will lower
the rate ofinterest. Legislation has
been entirely in the interest of the
creditor class long enough. Give
the debtor chance. Yes, | am in
favor Of the bill and consider it the
most important legislation that has
engaged the attention of congress
for many years"
John 81. March: both gold and
silver are required as money to trans
act the business of the world, and we
think any nation makes a mistake
to exclude either, and as general
principle we feel safe in saying that
the more plentiful the money of any
nation is the greater the prosperity
of its people; consequently, we think
free coinage of silver would cause a
temporary prosperity for us, but
should other nations refuse to follow