The critic., 1890-12-29
MR.. NEWLANDS VIEWS
or SILVER AND or THE FUTURE or
THE BONANZA STATE.

Nv NfNhun ihthi' AhN MS ilHiIN
10 Secure IL,
In 1870 there was graduated In the law
class Of Columbia College, in this city,
young man Of -. lie was bright, a hard
student, fayoritc alike with the pro-
fcssors and with his fcllow-studcnts, all
Of whom joined IN predicting FOR him a
brilliant future. After receiving his di-
ploma lac adopted Horace Grcclcy's
famous advice aud went West, as far
West M he could well go, IN fact, since he
stopped only when he reached the Golden
Gates which lock the hnrbor " San Fran
cisco. There, for seventeen year., he re-
mainod faithful TO his calling, building up
large and lucrative practice ami AL
yancing 10 the front rank in his proici-
sion, which, IN the Golden state, embraces
some Of the strongest aud most learned
lawyers in the country. In iss7 his du-
ties as trustee Of one of the largest estates
ON the Pacific coast, that Of the late Sem
ator William sharon, required his
Removal to the State of Nevada,
where hc has since made his home and
where he stlll maintains his legal resi-
dcncc. Always interested la POLITICAL and
economical questions, hc soon became
deeply interested In the silver question In
its bearing upon the financial policy Of
the Government. lie investigated that
subject in the same profound and eNhaus-
tive manner which ,ycars. before had
characterized his legal studies. He be
came n convert to the double monetary
standard or bi.mctallic system OF cur
rcncy. In 1850 he was sent as n delegate
to the great Silver Convention held at 81.
Louis and by that convention was made
member of the National Executive silver
Committee. lie is now yice-chairman OF
that committee.
Mr.. Francis G.. Ncwlands, whose figure
has become a familiar one IN this city, is
of about medium height, well-propor-
high and broad forehead, and pair of
as clear, keen blue eyes as were everset in
mans head. Within the past year Mr..
Newlands has renewed his early acquaint-
ance with Washington and has become a
favoritc in his club, the Metropolitan
and in society, while in business circles
No Man Stands Higher,
he being connected with several large on
terprises designed to forward the interests
of the Capital City.
In conversation Mr.. Newlands is in
teresting, cultured and convincing; his
manner, though direct and utterly un-
affected showing the orator, as is natural,
he possessing the gift of oratory in high
degree. On no subject does he talk more
clearly or convincingly than upon the
silver. question and the questions col
lateral thereto. In recent Informal talk
upon this subject, which just now is oc-
cupying the attention of the country more
generally than any other, Mr.. Newlands
expressed
His Opinions without Reserve.
With no attempt to reproduce his Ian.
guage the writer will attempt, as best he
may, to set out the views advanced by Mr.
Newlands.
Prior to the meeting of the St. Loui.
silver convention the movement for tho
free coinage and complete and untram
meled reconciliation Of silver was almost
entirely confined to the States producin,
the white metal. That convention set OF
foot an agitation which has drawn into
the movement the farming and industria
classes practically to man, and largely
the manufacturing and mercantile CLASSES
as well, while even the bankers ant
brokers, the "bulls" and the "bears," o
Wall Street have divided on the question
The signs of the times are hopeful indeed
The executive committee appointed by
the convention established its head
quarters in this city and began
A Campaign of Education
by means of circulars, speeches ant
pamphlets, which were widely and layishly
distributed in every section of the country
The object was to educate the people di
rectly, SO that they might bring tn,
necessary pressure to bear upon theil
Senators and Representatives in Congress
hn aft of lA no taI 81
the fact that, since the demonetization oi
silver in 1873, the purchasing power OF
money, i.e, gold, had been steadily in
creasing, while, on tile other hand, til,
| prices Of all the products of labor, of nj
commodities in fact, had Just as steadily
diminished. In other words, that as tn,
price of gold had increased, SO had the
price of commodities--of wheat, corn
cotton, wool, silver all the products o.
decreased, the decrease OF the latter beins
proportionate 10 the increase of th'
The claim was made, and substantiated
| that the cause of this lay in the cuttinl
| of of one of the natural sources Of supply
silver from the teeming mines of tn,
West, thus lessening and contracting til,
| money volume not only of this country
but OF the world.
The claim was made, and substantiated
that there never was enough of both golt
and silver, let alone of gold alone, to sup
| ply the civilized world with money, ant
that hence arose the necessity of supple
| menting the coin supply by the issuanc,
| of Government and bank notes.
The Silver Committee has pressed thi
| question in every Congressional district II
the United States.
1t Was the Leading Issue
in the last campaign. The leaders Of tn
| Farmers Alliance say it had greater prom
| inence even than the Tariff act As q re
| suit of the labors of the SILVER Committe
| and of the general agitation inauguratet
| by it, it may be said that the Farmers
Alliance and the labor organization
| throughout the country are now unani
mously in favor of the full and complet
! restoration of silver as u money meta
| through free coinage.
| Mr.. Newlands does not believe it to b.
necessary to enter into an internationa
| agreement anterior to the full remonetiZa
| tion of silver. This Government with it
05,O00Q00 OF people should assume
courageous leadership on the iinancia
question. Three-fourths of the world
all of Asia, South America, Mexico-us
silver exclusively, besides some European
countries which maintain the bi-metalli
/ rNnbNihs NN iipn navy consequently
chance to put our financial system ON tn
hest possible footing, backing ever
Treasury note by its full value in meta
gold or silver, deposited in the Unite
States Treasury. The silver men are nc
against gold. They are for both the yelloN
and the white otal-bimetallists. The
insist that If we rely upon gold alone W
will soon be confronted with
A Condition, Not u Theory,
the condition being q short supply of gol
and consequent lack of money. Ther
are now no great gold mines. They hav
been exhausted, and the arts and dentrist
are rapidly absorbing the supply, hardl
enough gold being produced these days &
meet these demands.
As already stated Mr.. Newlands takes NJ
interest in politics. Born in Mississippi
near the famous old town of Natchel
the most beautiful and romanti
| spOt on the Father of Wntcrs reared /