New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-19
,o,,,, THOMPSON oy TIE SILVER BILL.

TO the Editor Of Tho Tribune.
Sir: The silver question has in my opinion. been
wisely and dctcrmlnacly settled and silver VIII now
gradually resume i'~ parity with gold a. monetary
metal II the provisions OF the Law Just signed hy mo
President are honestly and faithfully carried into effect
uut already sec "a desperation the part Of the or
cans Of the gold mon0mc'al,fs - the secretary
II the Treasury To monkcy' with the provi ions -
il BILL 20 ~, - lessen it- fr eject Dos refusing %
buy, except NJ intervals that suit DIS d.-eNtl"u IT,
nucnccd by Tie market prio" ln London have here
oor pointed ont 10 the secretary Of tho Treasury TIE
ri DE ran hy DIS Aalf hearted policy toward silver
Il, Tie O. ccuti0n II the Act II February - l-,-
i,yc p1iLcd ont how thls policy. So long persisted l
by the Treasury Department, would strengthen the
free coinage party, AID tbs apprehension ' p'"N''
correct: -cc the recent vote, in the senate ana tl'
House. have always insisted that the uuvi-" "Nc'u
ton by the Treasury Department q the law OF l-'7
would Of necessity, If persisted IN, DinS a''"t ife'
coinage.
GOOD faith in the execution Of tbs new law viii
avoid TN, r,,ult and rtu-tatc silver a, money. u
viii give the Increase in currency so ort ana earnestly
demanded by the people. But Il IN" secretary ~ 'I'
Treasury, listening TO the demand, Of the GOA mono
r,.,,ll,,t,. Shall invent excuses 20 int rt"r' "!i"
fine ru. fair execution Of this law, Il Doe shall
aslo about d.. regular purchase Of 4.'o1""o ounces
II silver bullion per MONTH tho next 'p"-r'-' VIII
como together In frame II mind To brook no further
interference with the demand for free coinage.
Let the secretary take notice IN time, that WIN nm
rest, the prevention ol the dangers 10 WIZ" inc
finances Of the United states may then BE- eNpo-el.
HE law rightly Interpreted, give, hm NO d''.
crton lie is - purchase from time 10 tine. IN each
month, silver bullion To- the aggregate amount "i
800 900 ounces II much bc offered at the mii"'t
price such market price not 20 exceed al for J'o'@'
grains Of pure silver.
4 audible may be made that the words from time
10 time do not compel tho secretary to buy IN any
Ia . TIA. gIttn I'm "A
number Of months and finally buy only what may
be then offered at the market price In other words
that n, may 80 time hs purchases that the silver
offered Will, a. a rule. be les than the full amount
directed to bc taken II also urged upon mm thAt
the market price In London must control The Ian
guaro Of the act. fairly Interpreted. bears no SUCH
ton and these quibbAu- ~. constructions, or
any others mat ,la defeat tlr purc.c n each monil
of all silver bUllOu offered 81 proper AHr
nr,s at the market price then prevailing. VIII
Lr in despite of the true intention and Ian
gIaya Of this law. The design aud policy oi the Law
+ ,lrIv tn try fh" cNp,Imcnt OF raising th- puc. of
silver bullion IN other word, to create -hcr mar.ct
P,i. canal I'm mnrlri ynlnc 4, the bullion I'm TIA,
gold dollar Therefore, the market price meant H. the
marie; price u create 30 ia" United states, not
Thai in London The London price must follow
price not our price the London pIlcc. The mark
furnished By the law Is In the unT'd Sato'' not In
Cnngres, rs this act gives the secretary power to
redeem the Treasury notes issued In puichas" Of tn
bullion IN either gold or silver. Protected by TINS
opinion, Inv ~ ''' 49, 100 -
noes notes the discrimination heretofore made by nm
against silver certificates. The connection Of tn
Treasury with the Nc" York Clearing ll'u-r CIV
the secretary power little und 'r,t"d N ihr out
side public. The haluc.> Of the iumcn>" tIaust
tons between the bank, and the Urea ury Or now
settled either in the present legal tender note. IA
gold or In gold certificate, T." tn exclusion of silver
certificates. 1h" new Treasury note being RID IN
allie in either FOlc silver, JET the
secretary be- careful moi 10 d-crmIua'' atlnel then
by avoiding their In those settlement. The IN
IGNITION Of The new law T., 10 render all currency
homogeneous II j. the duty OF H." secretary to
execute II with this purpose u ylr". secretary
WINDOW has a, great opportunity 4" c"htu'" MS
financial fame, by straightforward, uuqulbhung exc
r1ou Of thi, bl a. Dee had when hc refunded the
tl,rce ucr cent bond The man under who's. We d.
crctou silver t. placed on patty with gold in IA"
Ipltcd states deserves stand with George washing
Ion and Abraham Lincoln. Mr Window has tai, Op
nortunity. VIII he avail himself ~ II
JOIIN THOMPSON.
Highland Ulster County, " y. Jnly TO- 100