St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-19
FREE SILVER COINAGE.

The most encouraging sign Of an
awakening public conscience that has
been seen for many day was visible
bill. When that club of millionaires
bows to the popular will and passes
free coinage bill there is some hope that
public affairs are in better shape than
was generally supposed. The bill
adopted by the house, limiting silver
coinage, was only passed by sixteen
majority. and some of those who voted
for it did so in the belief that the senate
would strike out the limitation clause.
So that it is reasonably certain that the
senate amendments will be cOncurred
in when the bill goes back to the house.
This is by all odds the most progress
i've legislation we have had within the
last twenty-five years, and comes nearer
to meeting popular demand than any
thing congress has done within that
time. The clamor raised by the
mono-metallists that free silver coin
age is solely in the interest of
the Western mine owners is all
fudge. OF course, the mine OWL
ers are benefited, but 1t is not
for their especial benefit that this legis-
lation is being enacted. 1t is being
done for the public benefit. and in pro-
lection of American products. There
is no reason why an American should
want to discriminate between gold and
silver, while there is every reason that
the value of both metals should be main
| tanned.
The people of the United States have
| all along been demanding the reStora-
ton Of the bimetallic system of cur
rency. Their wishes have been thwarted
by Wall street brokers until public pa
thence ceased to be public virtue.
| The situation has been very we'll eX-
planned by Mr.. WoLCoTT, who closed
| the debate in the senate, when he said
| if President HARRIsoN's position in
opposition to silver coinage had been
known before election he would not
have carried a single Western state.
The claim set up by its opponents.
that free silver coinage will inaugurate
an era of unhealthy speculation, is like
| wise bosh. The results of the
bill, if it should become law,
will be to initiate the currency
by $50, 100000. which will be re-
leased from the redemption depart
ment of the treasury. No one who un-
| derstands the financial straits to which
| the country is now subjected can Sc
riously assert that an addition of $751;
| 600. 900 to the currency will disturb any
| thing. 1t will fall as gratefully upon
the country as the June showers now
refreshing our Western prairies. II
means more prosperity. but no specula.
ton.
The people of this country are not
| afraid of the dollar of their daddies.
Bankers and brokers may talk as they
please about the inconvenience OF silver
currency; self-styled political ecoIo
mists may pirate on forever about oul
monetary system being reduced to the
basis of China and India, yet the fact
| remains that the great body of the com
mon people, the men who work on the
| farms and in theshops, have unbounded
| respect for the silver dollar, and are al
ways glad to get it.
A free silver coinage law will put il
out of the power of Wall street tt
tighten the money market at will, and
this is enough to reconcile the people OF
this country to the passage of such a
law. 1t means more stable financial
system, as we'll as more equal and a
more plentiful distribution of money.
There is no danger of getting too much
money into circulation as long as gold