New-York tribune., 1890-04-02
TIE REPORTS or THE WINDOM FILL

\ minority of the House Committee reports
against Secretary WINDOWS SILVER Bullion
bill because il does not provide for unlimited
coinage at time when the dcprccatlOn OF
silver would render coinage Of no benefit but Il
source Of great danger. Some other persons
OPPOSE the same measure ON the ground that 1t
docs permit unlimited coinage whenever
silver shall have completely recovered lis value
in gold. 50 that coinage can do no harm. y
measure which is attacked from both extremes
for opposite reasons is apt to have the merit oi
souudnc>s and true conservatism. This meas
urc diSploa,cS the cIankS who want 10 drive
silver ont Of use forever with gold. and IT also
di,p,a~c, the cranks who want to drive gold
ont Of Use with silver. \ not unreasonable
conclusion is that the measure would. IN fact,
promote the safe Use Of both metals.
LIT us SEQ where we stand. Smashing one ;
head again>t stone wall is not statc>man>hip
Public opinion ha, made an end, for all piac-
iical purposes of the notion that Il stationary
or contracting currency would hc wise for this
country II ha, definitely settled that. rs far
as II can be- done with safety, silver ought TO
hc utilized a> we'll rs gold for monetary pur-
ro-os l}ut laws OF trade have faculty Of de-
Gdiu. thing, beyond appeal, rs well IL popular
votes. The laws Of commerce have settled that
,wo kind, of coin having different values can
not be- used side ~ sd in CIVILIZED country
without restriction. one Of them will % ont
# r.n. or the other will 20 ont OF the country
The poorer tend, TO drive the better oui of the
country. and that coin which is the moro highly
valued tends tO keep the other ouf ot actual
r..c.la'i,n. One other thing has been settled
.n ihi, country. hy tn" laws of commerce and
the habits and preference, of the people. that
coin will not circulate largely if note, Of uu-
questioned value can hc hal
I}ct,,con these incNorhlc walls on either
side thoic j., a sensible and >af" path II men
will oni, con,on. I'D take IT, Gold is chosen by
ilc commcic, of the whole civilized world n
tho mc'a iu which ,alur> shall joe stated and
r,cloncd hu' that does NOT exclude The use of
silver q, part Of tha monetary supply. SILVER
coin, have icrn found too bulky for practical
handling in lal,c amounts hut that does not
p,crcnt fho u-. of silver notes promising io
ray ia bullion the equivalent of a fixed sum in
epld The coinag" oi moro than $500 o,oon. 90"
ina standard silver dollar, ha, not helped the
market value of silver in the least. because th"
coin, cannot circulate largely without diiyin.
ort ih. suh ll- uu.r, representing silver huli-
i.n could circulate and could no. drive out gold
n the gold mouom'iaii>t wants 4 currency oi
sound and unque~'ionlhl" value. the proposed
bullion note, give j.. If the silver producer
wants the largest possible monetary Use of
silver. the bullion notr, give ti-:it. Why should
each refuse the thing hc want, most because it
doe. rot come in exactly the shape he has cN-
poc' ~
Perfect bills. 10 which no possible objection
can be- Offered. are rs scarce Is white hllck-
lirl, The silver Bullion bill Is not free from
objection. %, n could not we'll be-. Compro-
miss, between opposing opinion, rarely cm-
hcdy ideal pctf,c ON. But thi, is a measure
which secure, ihc frc" monetary U.s. Of silver
and at the same time avoids the danger, of
continued or increased coinage Were there
nothing else in lis fayot, this would cnttlc it to
consideration.