The Globe-republican., 1891-04-22

larger and surer. It seems to me quite i'm.
possible TO attain a largely increased market
for our staple farm products without i'm.
pairing our home market By opening the
manufacturing trades 20 q competition in
which foreign producers paying a lower
scale of wages would have the advantage.
A policy that would reduce the number
Of our people engaged in mechanical
pursuits diminish their ability to
purchase food products by reducing wages
cannot be helpful to those now engaged in
agriculture. The farmers insist that the
prices of farm products have been too low
below the point of fair living and fair profits.
I think so too-but venture to remind them
that the plea they make involves the con-
cession that things may be too cheap. 4
coat NAV be too cheap as well as corn. The
farmer who claims a good living and profits
for his work should concede the same to
every other man and woman who tolls I
look with great confidence to the completion
OF further reciprocal trade arrangements,
especially with the Central and South Amer
lean states, furnishing new and large
markets for meats, breadstuffs and an i'm
portant line of manufactured products.
Persistent and earnest efforts are also be.
ing made. and a considerable measure OF
success has already been attained, to secure
the removal Of restrictions which we have
regarded as unjust upon the admission and
use OF our meats and live cattle in some OF
the European countries look with conf
dence to a successful termination Of the
pending negotiations, because I cannot but
assume that " hen the absolutely satisfactory
character OF the sanitary Inspections now
provided by our Law is made known TO these
foreign states they will promptly relax their
discriminating regulations. No effort and
none of the powers vested in the executive
will be left unused TO secure an end which 10
so desirable
Your deliberations will probably also en-
volume and character OF our currency. Il
will not be possible and would not be appro-
pirate for me in this letter to enter upon any
deliberate discussion of these questions.
One or two things will say: and first, be.
leve that every person who thoughtfully
considers the question will agree with me
upon proposition which is the base OF all
my consideration of the currency question,
namely, that any dollar. paper or coin, that
is issued by the United States must be made
and kept in its commercial uses good a.
any other dollar So long as paper money
issued authorized by the United
States government is accepted in CONNER
cial use as the equivalent OF the best coined
dollar that We issue, and so long as every
dollar. whether silver or gold. is assured OF
An equal value in commercial use. there need
be no fear as TO an excess OF money. The
more such money the better. But on the
other hand when any issue Of paper or
coined dollars is in buving and selling rated
at less value than other paper or coined
dollars. We have passed the limit of safe ex-
pertinent in finance II We have dollars Of
differing values only the poorer will circu.
late. The farmer and the laborer. who are
not in hourly touch with the ticker or the
telegraph. require above all other classes OF
our community a dollar of full and stable
value. Fluctuations and depreciatons are
always at the first cost of these classes Of our
community. The banker and the speculatoF
anticipate discount and often profit by such
fluctuations. 1t is very easy. under the i'm
pulse of excitement or the stress of m oney
stringency. to fall into the slough Of q depre.
ciated or irredeemable currency. It is avery
painful and slow business to get out when
once In have always believed and DO now
more than ever believe in bimetaIism and
favor the fullest use Of silver in connection
with our currency that is compatible with
the maintenance Of the parity of the gold and
silver dollar in their commercial uses
Nothing. in my Judgment. would SO
much retard the restoration Of the free
use Of silver by the commercial nations o:
the world as legislation adopted by US that
would result in placing this country upon q
basis OF silver monome ism. The leRisla.
ton adopted by the first Sc ssion of the Fifty. |
first congress was assured by leading al. |
yocates Of free coinage, representatives OF |
the silver states would promptly and per- |
manently bring silver to 12a Per ounce and |
keep it there That anticipation has not |
been realized. Our larger use of silver has |
apparently, and for reasons not yet agreed |
upon, diminished the demand for silver in |
China and India. |
In view of the fact that it Is impossible in |
this letter to elaborate, and that propositions |
only can be stated, 1 am aware that what !
have said may be assailed in points where |
it Is easily Gefensible, but where have not ]
attempted to present the argument
have not before. except in an Official way,
expressed myself on these subjects. but |
feeling the interest. dignity and importance |
Of the assenblage in whose behalf you |
speak, I have ventured without 6goery OF |
opinion, without any assumption OF infall;. |
bilty. but as An American citizen. having Q /
most earnest desire that every individual /
and every public act of my lite shall conducs |
to the glory OF our country and the pros
perity OF our people. to submit these views
for your consideration.
German Blacklist.
BERLIx, April IA socialist organ
publishes promised secret correspond
ence between prominent employers in
metal industries showing that they
agreed to impsrt to one another tho