The morning call., 1891-06-25
THE PUBLIC DISCUSSION.
Senator Stewards Reply to the Arguments of
EX-Comptroller Knox.

O6ndIOT 0t6WdTLs hepiJ 10 IlS OA
EX-Comptroller Knox.
New YORK, June Ex-senator William
Nj. Stewart has replied to eX-ComptrOller
Knox's article published yesterday on the
silver question. Iu part the Senator says:
"Your gold monometailist avoids the issue.
l invited him to prove that there is gold
enough He does not allude to that ques-
tion. AT the tins silver was demOnetized
there was not too much gold and silver coin
to sustain the business and credit OF the
commercial world. During the last eighteen
years credit and business have expanded
out of all proportion to the supply of gold
coin. The most industrious and intelligent
statisticians maintain that there has been
no increase of gold coin ia the commercial
world in the last eighteen years.
"Tne events CT the last twelve months
have revealed the fact that the supply Of gold
coin is altogether inadequate. Before the
failure of the Barings the commercial world
was ignorant of the meager supply Of gold.
Confidence supplied the place of coin.
Credit and business expanded. knowledge
of the want of coin has destroyed conf
dence. The coin of ultimate redemption
must be increased or confidence cannot b
restored. No more gold can be obtained
The supply from mines must continue TO de-
cline.
The great gold-fsds of California and
Australia are exhausted. IL silver is re-
jeeted and silver mining stopped, more than
one-halt OF the supply OF god VIII be cut
off. A gold standard means inevitable and
continued contraction. The world must
have more money of ultimate redemption
than can be supplied with gold, or bank
ruptcy, fall in prices, hard times and pow
erty are Inevitable. 1t is idle for the adyo-
cate Of the gold STANDARD to discuss the
money question unless he can show that
there is sufficient gold to supply the leSltl-
mate demands for money.
The silver miners will be satisfied with
free coinage. They do not ask the Govern
ment to buy their silver. They have no
more right to do so than the farmer or
manufacturer has 20 demand that the Gov
ernment shall buy the commodity that he
produces. The gold advocate does not
troublr himself about the goose that lays
the golden egg for silver miners.
This discussion is idle unless the advo-
cate OF gold will attempt TO show that there
Is gold enough for use as money. III he can
establish that fact the discussion ends. If
lie cannot prove that there is gold enough /
will then discus with him how to supply
the deficiency. II the gold advocate who
answered MY last communication is unable
or unwilling to discuss the question whether
or not there is gold enough for money of
ultimate redemption, l desire some other
adversary who is both able and willing TO
meet the issue. | desire information and
am open to cOnvi ton"
A large dealer in silver is quoted as say
ing that silver is going up, but the rise the
past few DAYS has been too rapid and cannot
hold. The people who bought so much sill
yer around 9S have been peddling 1t out.
They sold considerable above 102. Silver
ought 10 sell back below par, and perhaps
hang around that price until along In OctO-
Der, when look for a rise of considerable
Importance in anticipation of the talk
which will be heard in Congress"
WASHINGTON, June 24-Three hundred
and eighty-three thousand ounces of silver
were purchased to-day at prices ranging
from 1.0098 to 1924
COMPETITIVE EXAMINATIONS.
Postmater- General Wanamaker to-day
issued an order relative to promotions In the
PoStofce Department. 1t is ordered that
there be established in the POstOflice Depart
ment board of promotions to consist OF
clerks of the various departments. In case
Of e vacancy occurring in any of the grades
of clerks the said board shall determine and
report to the Postmaster General the name
of the person who, according TO the standard
prescribed, is best fitted in their judgment
to fill said vacancy by promotion, and such
promotion shall be made irrespective Of the
influence of friends. The examinations
prescribed shall in all cases be competitive.
EXPERIMENTING FOR RAIN
Further experiments were made this aft
ernoon by Professor Dyrenfurth of the Ag-
ricultural Department in testing the feast
bility OF exploding balloons charged with
gases at considerable height in the air,
with the object of determining the practical
bility Of exploding dynamite in like man
ner and lis effect in producing rain in case
of drought. Three balloons about twelve
feet in diameter charged with two parts of
hydrogen and one Of oxygen gas were sent
up about 1900 feet and exploded by means
OF an electric current transmitted over fine
wire. The tests were considered as success
full as those of yesterday.
TORPEDO BOARD APPOINTED.
Secretary Tracy has appointed a board
composed Of Commander G. A. Converse
Leutenants f. j Drake and I. c. Mclean
OF the Navy to investigate the whole sub
ject of the automobile torpedo armament
for war vessels, and it will have charge of
all experimental work. The work abroad
will be closely observed and every effort
will be made TO place the torpedo service
on plane Of efficiency which it has never
before obtained.
INGERsoLL AND MACKAY.
Colonel Robert g. Iugersoll and John w.
Mackay presented themselves arm in arm
at the White House to-day. The former
seems to grow stouter as he gets older, but
Mr Maeksy seemed to be getting thinner
IngersOll and Mackay remained with the
President fully half an hour, and upon CON-
ing out greeted several correspondents
pleasantly, but laughingly refused to utter
a word concerning the object of their call
on the President. Colonel IngersOll smiled
knowingly. gave the correspondents a wink
and sauntered away arm in arm with Mr..
Mackay.
APPOINTMENTS MADE.
Secretary Foster to-day appointed John
Patteson as United States Storekeeper and
Gauger at San Francisco
L. McMurchy has been appointed Post
master ut Mount Oliyet, Sonoma County,
Cal, vice NJ. E. Howard, resigned.
Passed Assistant Engineer II. n. Stevenson
has been ordered to the Alliance per steamer
on July 7th from San Francisco.
WAR CLAIMS EXPIRED.
Attorney General Miller has given an
opinion that all claims for horses and other
property lost in suppressing Indian hos
tilties in Oregon aud Washington In 1856
and 1856, filed since June 30. 1874, are barred
under the provisions CT the act of March 8,