Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1891-12-19
HILL
ne Declares for Free Coinage Of
GfIwar

6htNcEs
Governor Hill Of New York addressed
the David b. Hill Club Of Elmira on the
evening Of the 4th inst, OF 1.-The Issues
for 1892" In defining his position on
the silver question he said:
1.-THE Democrats Of New York stand
fast for sound finance. They demand that
every dollar coined in the United States
shall be the equal OF another dollar so
| coined, They demand more. They de-
msnd that every silver dollar coined
hitherto or hereafter shall be the equal OF
the present gold dollar, our present unil
| Of value, weighing % s 10 Troy grains Of
standard gold, and not one cent-not q
mill less worth than hat gold dollar.
1.-The Democrats Of New York cannot
accept the lead Of the silver State Sens-
tors. Free silver coinage would satisfy
them. But free bimetallis coinage is the n
thing needful. The Democrats OF New
York, in their platform, condemn the
shifting kom one monometallism 10 the
other monometallism; VI firmly mark
the insuficiency OF either gold monometal-
lism or silver monometallism; we pro-
nounce for the free coinage Of gold,
coupled with the free coinage of silver; we
deuounce the Sherman Law as q false
p~retence and artiui hindrsnoe Of q return
TO free bimetallic coinage.
yThrough the last session of the last
Congress the Republicans conducted their
whole policy with q view to separate the
| Democrats of New York on the free bime.
tallio coinage question from the Demo-
Gratis Of all the other Democratic States in
the West and South, and so snatch Repub-
| licans salvation 10 next years elections and
save fhe Presidency, though all else were
lost, including honor. But our Democrat
ic Convention crushed that crafty scheme
and crushed the budding hopes Of its con-
~trivers.
1.-THE Democratic party is now 9 unit
for free bimetallio coinage, and New York
has refused to be disjoined from the hard
money doctrine protested by the Democrat
ic. Senatorial body and supported by the
Democratic party in all the great States Of
the West aud South.
"What is the test OF intrinsic value
in a dollar That melting IL shall make
no loss.
1.-THE silver dollar Of Allison, the silver
dollar Of Sherman, cannot now abide the
test Of instrinsic value. II cannot pass
the ordeal Of fire.
"What is the test Of equality between
the dollar coined of gold and the dollar
coined of silver2 That both alike, after
being coined at the mint and then melted
in the crucible, shall equally make nc
loss.
"Fsee coinage given to gold. while free
coinage was Withdrawn from silver ir
| 1873, established the varying inequality Of
the dollar In silver to the dollar In gold
Free coinage given to both. free bimetallic
coinage, will r~e-establish their ancient an6
unvsrying equality, sttested by the mint
the market and the crucible.
did ever anything but free bimetalli'
coinage down to 1878 make our gold anC
silver dollars equal by every test2 Die
ever free bimetsllic coinage down to 1877;
for one hour fail to make the silver dollar
equal to the gold dollar, whether at min
or crucible or in any market in the wild
world?
Secretary Fosters one word in hi
Chamber of Commerce speech wss parity,
as President Harrison's one word wal
equality Of all dollars.
"But to maintain q parity implies the
existence of a parity. No parity exist
between the two. Melt the gold coin AM
ii can be recoined again and again q golt
dollar for its private owner, because golt
has free coinage and twenty-five and
eight-tenths Troy grains are the ixet
weight Of the gold dollar.
"Meltthe silver coin and ID can not b
coined for its private owner. IL can b.
sold 10 the Treasury but for seventy-fiv
cents or less, because silver has not fire.
coinage, though 412h Troy grains OF ell
yer are indeed, the present weight Of th'
silver dollar. the sU-caiied parity Of th'
Sherman Silver law is Q mendaciou
-a~sku anI kha ownoibIa r,roEa 4ha fals
pretences Of equality by President Harri
son and OF parity by Secretary Foster.
1.-THE two metals 90. existing and arr
somewhere current and coinable into full
legal tender money, about as much Of on
as Of the other. Neither is capable Of in
astion, as every other sort Of currency is
the annual percentage OF increase to tn
existing aggregate being extremely small
and OF course diminishing with ever!
years increase OF that great aggregate
Free bimetallic coinage practically unite
the two money metals into one none,
metal with the utilities of both"
n 4
at is politics for babes and sucklings :
preach that the gold and silver question
should be kept out of the Presidents
election. But let us not change the issuI
made by the Billion Congress and the PEG
pies votes IN lo5U.
at 10 politics for towards and strsd
dlers to advise and contrive that the Demo
cratic National ~Convention's trumpe
next Summer shall blow some uncertain
sound.
"Let US not now shift the issue, Shsl
the white coin remain but q seventy.fv
cent Republican dollar and all our dollars
ere long become such, or shall the Demo
cratic party be commissioned to maxi
every silver dollar OF the United State
the equivalent Of our present gold dol
lar and We be tested by our worksf
That Is the one plain issue created b.
the Sherman Silver law Of the Billion
Congress. Can there be a palmer issue Of
q better? Democratic speakers on ever!
stump from Maine TO Texes will be abund
antly equipped for irrefutable argumen
with one silver dollar and . melting pot
The crucible test is q crucial test for sofi
money men and for gold monometallists
"Gold and silver are the only money alb
~solutely incapable OF imitation; hence theil
supreme merit. When Democratic mel
and measures are promoting the straight
forward approximation OF gold and silve
to their old historic ratio. the silver dollai
to the level Of the gold dollar, as dare II
say they can and will, there will be n,
moment when business bugaboos can be
gin to be born"