Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1890-06-24
THE PKESlDENC'S ATTITUDE On
the SILVER QUESTION.

Oohslo'taDie speculation mas been
INDUCED m. duri"g the past year.tnd'
half, concerning the feeling ami At
ti'ule at President Harrison on the
Silver Question; and the uncertainty
regarding the course Of our chief ex
ecu,ive has been painful to high de
gree. The public will therefore fee
thankful for any authoritative informa
ton on this point, and the TINES is
PLEASED to b. able to supply it.
Francis G. Newlands, the Nevada
repres. NATIVE on tho National Silver
Committee, has just returned from
Wa~hi' g'on where he sprn, the win
ter ~ end~avoring to advance the
cause in which he has enlisted. Mr..
NewIands stopped IN Salt Lake City
last Saturday, and delivered a some-
what lengthy address before the
Mining Exchange OF that city in
which he gave detailed account OF
Ills arduous labors at the seat of gov.
eminent. After clear exposition OF
tie difficulties encountered by the bi.
me.allists, Mr.. Newlands proceeded,
ss follows:
NUMEROUS CONFERENCES
were held, in which Speaker Reed
and Mr.. Cannon ard Mr. Mckinley
Of the House participated, aud dis.
ting 'ish-d mer of the Senate. l saw
the President myself with reference
to this matter, aud had u long inter.
view with him upon it. He declared
most positively that there was no bet.
ter friend Of silver in the United
States than himself. "But." he said.
VI wait t, pursue a course that will
maintain the value OF silver, not de.
press it,"
He spoke vigorously, empha,ically,
earnestly and sincerely. | believed
him. think, however, his mistaken
policy has been due rather to timidi,y
than to hostility to silver. lie fear,
these unknown factors, viz : the effect
OF increasing the price of silver here,
and it's temptations to other nations
to let 60 theirs aud send it here; aud
second, the etfec. Of the increased
prize in stimulating production.
Th"se are unknown factors, and lie
says that he wants to mako progress.
sive steps gradually toward free coin.
age. aud to be sure of every step he
makes. He was, therefore, in favor of
bullion redemption. l told him that
l could not discuss the bi. metallic
question with him. the time would
not permit ; that all that could dig.
cuss with him was the actual situa.
ton.
Ssid !. "Mr. President, it is impos-
sibls for hi metallis,s to concede bull
lion redemption, for when they con
% IL that they concede tile destruc.
ton Of tn. bi.met.Hic principle"
! assured him that thes. represen.
tstives from the West would not r..
turn to their constituents and vote for
bill which would temporarily raise
the price OF silver by an increased
p ,rchase, bu, would involve the ahan.
d,nment OF the bi-metall,o principle,
which required that tho Government
should
USE BOTH GOLD AND SILVER
% money, not rs commodity, fixing
the number Of grains OF geld that
should constitute the gold dollar, and |
the number Of grains of silver that
should constitute tho silver dollar,
aud requiring that every dollars
worth OF bullion that came into tho
Treasury should 60 out again, not a.
bullion, but with the stamp OF the
Government as money.
BE spoke with reference to a oom.
promise. lie was unxlterably opposed
tn free coinage. but he said there
ought to be . compromise upon this
that whilst he could not con