The advocate., 1890-12-10

seemingly afraid that II he did not hint
on the unwisdom Of free coinage there
might be, In his graphic language, "im-
pulsIve legislation in the supposed in
terest Of sllyer?"
But Representative Bland, OF Missouri,
and Senator Plumb Of Kansas, had, at
the time Of the reading Of this crude
matter on metal currency, especially
silver bills ready to introduce in each
House Of Congress on free coinage Of
silver Congressman Bland Ia a patriarch
on bi-metallsm, and this Is what he said
to the Republic correspondent:
The presidents message ia the same old
story we have heard from the beginning,
ever since the restoration of silver coinage,
which IL that we should await free coinage
until other countries Join with US In legislR-
tiOn of that character. He advises Congress
not TO act hastily In tho matter. No doubt
his inainuatiOn here is meant for the next
Congress- and not this. The people can OK
pect nothing from this Congress- on the sil-
yer question, but the large democratic ma
i0rity In the next Congress- can assure beyond
question the passage Of an out-and-out free
coinage bill. We do not propose TO wait for
other people. Our people want more money,
and they are not willing 90 await the pleas.
ure OF other countries to say whether we
shall have IL or not.
THE TERRIBLE STRUGGLES or SECRETARY
WINDOW.
This financial magnate proceeded to
say, concerning his secretary Of treasury,
the following words on excepting down
the treasury surplus TO the lowest prac-
tlcable limit"-the thought Itself exclt-
ing the risibilitles Of representatives from
both sides Of the hall.
Pause TO listen TO this historical (Y)
benediCtion:
The efforts of the secretary 30 increase the
volume OF money In circulation by keeping
down the treasury surplus 90 the lowest
practicable limit, have been unremitting
and in a very high degree successful. Ia
bles presented by him showing the increase
Of money In circulation during the last two
decades, and especially the table showing
the increase during the aineteen months no
has administered the affairs Of the depart.
ment are interesting and instructive. The
increase of money in circulation during the
nineteen months has been in the aggregate
500, $3.50, Sl3 or about Sl,50 per capita, and os
this increase only 100000 was due TO the
recent silver legislation. That this substan-
tial and needed aid given TO commerce re-
suited in an enormous reduction of the pub
lie debt and Of the annual interest charge is
matter OF increased satisfaction.
There have been purchased and redeemed
since March 4, 1889, and ~ per cent.
bonds TO the amount of S2ll ,S52,460 at a
cost of $2i6, ,620, ,74t, resulting In the reduc-
tiOn Of the annual interest charge Of 49,
067, 500 and total saving Of interest OF $751;
576,706. l notice with great pleasure the
statement OF the secretary that the receipts
from internal revenue have increased dur
ing the last fiscal year nearly Sl2,OOO,O00,
and that the cost OF collecting this larger
revenue was less by $90,Gl7 than for the
same purpose in the preceding year. The
percentage Of cost of collecting the customs
revenue was less for the last fiscal year than
ever before.
Just think Of the enormous reduction
Of the public debt and Of the annual In
tereat charge" as IA matter Of increased