Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1890-12-18

ON questions of national finance and |
national policy, and whose words of
warning should be heard and treasured
now when on every hand we behold
doctrinaires, politicians, party leaders
and aspirants for Office ready to tumble
over each other in their time-serving
eagerness to catch the Granger vote, I'M
mindful of or indifferent to the teach
ings of our own past history and of the
best and wisest craftsmanship this coun-
try has produced, as well as unohservant
of or insensible to the retribution that
unsound financiering will bring in its
train just as surely and much more
quickly in these United States of Amer
lea than in the unfortunate Argentine
Republic whose people are now reaping
the whirlwind Of national bankruptcy
with its attendant evils;
Editor Gazette and Journal; VIII you please
find place in your columns for the en-
closed article on Free Silver Coinage If
the apprehension that we are to pass under
a system of values measured by silver coin
alone shall control the public mind, then
gold will no longer be used or form any
P,S u ~ ~, ~ t ~, s,.ano
contraction caused by its withdrawal will
check all business enterprises, throw labor
out Of employment, and cause widespread
disaster and trouble.
ny ,',ss = LII y,i5 . I,ii,, q. ,oi.
,a r, IS s,,,,,,nrt Ivari;r,, ,,,o,,s ,yo,os
arc the tirst h receive tbe shock and bv
no contriyance can they be benefited by
an alteration in the standard of values Of
the commercial world.
1t is as strange as it is sad that in some
mems mind fingers the delusiye idea that
values can be created by statutes and reso-
I,,,;,,,, Co,,,,ross CAV, serio,,sl,, afyart rast
- = I.
contracts ana business tralisac'ioils' out ~
future TRANSACTIONS Will pc confronted bS
the practical facts that surround them.
IN advance the price and value of silver
1T -, a,,,ot,l :, la,,,Iagt s,,,,,-
pulll"n oh5'1f9 Iii''I IN : y 10Y '
mer which compels the treasury depart
ment to purchase in every year S540OO,O1O
of silver bullion. and vet to-day it is worth
4, ~, ,,,,rl,ot ti++io moro han oir-fiftbs
"a W -. s,,.,,,.,.,,
OF lts price ~ 7eiVeuioet ~, 9oiiie ~
ulators, congressional ana Others, lhaue
fortune by the sudden stimulation but, as
i'i, 49,. ~, 49,, s,,,,,, ,,,,no,cnd r.,
ny sum laws 'iie l'''Ne sym W
decllne'
1t is the duty of every citizen TO look the
facts calmly in the face and in proportion
a. +ba GRAVITY If the consequences ID drnl
W .'ts c,ltl,,,,
Uuthfuily anu oleii'ious's " nis i''io"
GOuDIryIlGil.
The enclosure to which our CORE
.. t. 4t,o f,ro,,,;,,r- l,,,or
rsads Il follows.
Fed''s 40 iol4'"o'
pIsTRUsT CAUSES BUSINESS DEPRESSION
FREE SILVER COINAGE NOT A REMEDY
The reports Of the Comptro!leer Of the
ury show that the volume Of currency Of
an kinus In tipeulat.om "t t,n ,v eol,r
- Is 80 ~ ~ =
ri TI,o t,,,StIrod MILTON dollars I.te1y naid
~, ~, nan,,r, ~ ,hicb
nv TON tle @ S, n 4, ,,rja han LaaS
thiits l,iiii Nv, ~ ~ IL ,siLis
Aps1fpe a III i,~ 6oS i o ~ ,1sod II bc
c.,'sa ,yi,}1n nricei ~ tsroin ara HIGHER thnn
euuse wii.o crn,5 ara n,nn e,nai@r
e. e. &C. ,r,i IL la,,n, ~, ,,riIl
liI = w .u,a,ii ~ ~ II ~ 5',.rf
~ Isl iiv'. ,'
n 1eSieu " f,,' IL Observation-Disclosures ~ Ia
m .,n.,s 80 ~ = -
year - t.,.,c,, 49,, ,,i,,,,.. 4,
me rue mas here'olore o6e ~ 4 u ', ~,
Nat'an,e snl"' lvL,. il It'll,
oi'i NVri' IN w - ,.t.;o ritz ,,.i,
year Of tS IN eScgp,iom asod 1 boa aIMe
mus ~ viaI VIZ ~, ~ i', ,,oid
esheelally nnaruiig Il g ,i,,Go III si,.or ~,
~ W ~ ~ u %
u JmiS Xxx X fiI,,'i,, ,,ra -
SHOWN Wy WY 'oli'"iH7 's"'e7
Net gold in United States treasury. .,s, oos co
alst July; ~ NJ "
specie IN Ne" iork p"iiAs ''''''-'.. cO''o',Vl
;2g4 ito NM
Net gold in United States treasury,
6th December. Isgl.,..... ....,.. S;G5.56l,n0
Specie i'll New York banks, G"s'S,t0
-57, ors M
sEl99VeiVu
necra,sa Il, visitle s,,nf,lv of gold : N 0dI lao
of which exports form bat small part
Why has gold been tlus boarded? lie
cause it is feared by conservative pcall
that this country will become 4 size
country like India, that gold payment
will eventually be suspended, thegod q
change re-estubishel, and gold beuralarg
premium.
Therefore. the purpose Of The silver me-
is defeated. IhCy want initiation, bnt i
fact produce severe contraction Nha
will it avail the silver men il the carrYin
g3ia 9y putting II at d ''''-e premium oN'
The quantity Of gold in tile country 10,
used q money is estimated to be oy'
s' n !! a..,iElatbet II cn bc rcnlare5l
silver.
The continuing distrust continues ll.a tonr'
Uni h o ' srIoli Mill ,lu,sc imneii,lt
contraction. Distress has new extended