The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-12-10
WE WANT MORE MONEY.
WINDOWS Scheme, Sherman's Plan ana
Harrison's Desires VIII not Do.

individual, as not for use, is so mucl
taken from the active circulation of tn,
country. The aggregate of such SUM
that have thus been distracted or de
Quoted from the volume of the currency
within the past few months reaches
large per cent of all the money of the
country. In times of distrust such laiC
away money assumes an unwonted value
in the eyes of its holder, is considered
worth more, dollar for dollar, than any
other possible species of property, and
in fact becomes abnormally powerful.
The unlocking or loosening of the
money, so held today, would go far to
alleviate tue present stress and distress.
Therefore, any action of congress which
leads to the conviction that money is
going to be more plentiful, at once
unlocks the doors of the safe
deposits and empties the stockings
of the rural hoarders. Not only this, but
those who have grown over cautious and
conservative launch out into enterprises
and speculations and the result is good
times.
For hundreds of years it has been
preached that prosperous times are only
possible with healthy confidence. yet
how few seem to realize that there can
be no prosperity in the absence of conf
dence, whatever the resources or wealth
of country. Restore confidence through
the conviction that money is going to be
plentier, prices better, and times easier,
and half of the men of every community,
urban and rural, enlarge their plans,
draw more on their credit, and that
which was only expected becomes a re-
atty, and at once.
1t would be improbable to attempt to
account for the present lack Of conf
dence in the United States, but it is an
undeniable fact that it has made more
stringent that which was already a
stringent money market. With the re-
action from a speculative period credits
have been narrowed down until the cry
comes up from the east and west alike,
from the great money centers as well as
from the farming districts, of a distress
ing lack of money, under which prices
and wages and values of every
have receded until the
debtor finds no way of liquidating with
all his property and holdings, which
but few months since was conserva-
lively valued at three or four times the
amount of his Indebtedness. His debt
which IN easy times gave him no con-
Germ, has suddenly become more valua-
BILE than all his possessions and ruin
stares him in the face.
This is not only true of individuals,
but of companies, of corporations, of ed
1cational institutions and even of |
churches.
There is but one relief and that is more |
money, additional money, and in such |
volumes or in such promised volumes, !
IS shall have the effect of restoring con- !
dence to that degree that this aggregate,
which is being boarded, shall not only
De turned loose, but what is of vastly
more importance, that individuals and
and all kinds of business
shall take confidently hold
# all the present that in any degree
Gems to possess future promise.
Free coinage is one of the ways, as it
Gems the safest. And it is quick way.
70 open the doors of the treasury and
urn loose the 100000, 900 gold reserve
would do it, but that might proove dan
-erous in weakening the credit of the
government. Secretary WINDOWS inter
bond scheme is not radical
nough. Shermans bill allowing ma
ional banks to increase their circulation
- to the amount of their bonds is a safe
Ian but it don't reach far enough. a
ill to purchase all the silver on the
american market Immediately, COM
uted to be $4,000, 900, but which
nay be twice that amount, falls short
f the demand or the conviction
{ the needs of the country. The al
policy of buying up the
outstanding bonds at their high rate of
remium is like man purchasing a dia-
lond breast pin with his own discount
d paper.
The better way seems free coinage,
nd we hope that the present session of
ongress will see it, and see it quickly,
re 1t understanding. that if all the silver
nat can be dug out of the Rocky noun
,ins was freely converted into coin-dol-
hrs no harm would be done, no values
but that we would have the
eels of the world in our volume of
eniune money.
Plumb's bill meets the demand of the {
ountry.
He ALLIANCE AND THE SENATOR