Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1892-01-16
HILLS COINAGE VIEWS.
An IntimatiOn that He Has Fallen
into a Trap Set by the Gold Trust.

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into a Trap Set by the Gold Trust.
Senator Stewart has addressed
the following letter to Senator Hill
with regard to the latter's recent
speech at Elmira:
UNITED STATES SENATE.
WASHINGTON, D. c., Jan. l, 1892.
Hon. DAVID B. HILL:
Ny DEAR SIR: If you are in
favor Of free bimetallic coinage
ON the ratio now Established by
law why do you take pains to re-
pudiate Nevada? Nevada is and
always has been, since silver was
demonetized, in favor of restoring
the white metal to the place it oc-
cupied as money previous to the pas
sage of the mint act of 1878. No
representative from that State has
ever advocated in either House of
Congress any other doctrine.
In your Elmira speech you ad-
vocated free bimetallic coinage.
In your Albany speech on New
Years Eve you advocated the repeal
of the act of 1890, which gives the
people more money, by the difference
between silver certificates issued on
the coinage of $24,0O0,000 worth Of
silver per annum and the amount
of Treasury notes issued in the pur-
chase of 100000 ounces of silver
bullion each year. You also propose
to deny to the farmers and planters
the benefit of the enhanced price of
silver, in which the value of their
products is measured, knowing full
well that the increased demand un-
der the act of 1890 over the require
ments of the Bland act enhances
the value Of silver.
The lead of Nevada for free coin
age seems odious to you, although
the lead of the chamber of com
merce of New York, a representative
body of the gold trust, you follow
with alacrity. The gold trust,
through the chamber Of commerce,
demands the repeal of the act Of
1890. You re-echo that demand, and
advise Mr.. Bland, the chairman Of
: the House Committee on Coinage,
to obey it. If he will do SO and
pretend to be for free coinage while
legislating to limit the use of silver,
you assure him of the respect, ad-
miration, and support of the Dem
! ocracy of New York.
Are you aware, Mr.. Hill, that this
y is the old story; that the people OF
the South and West have been as
! sured ever since silver was rejected
as money of the respect and admir-
l. alton of the New York Democracy
if they would cooperate with the
representatives of the gold trust in
contracting the real money of the
world to gold alone? There is no
doubt that every Spectator in
Asiatic products who buys cheap
silver in the United States coins it
into rupees or other Asiatic money,
and exchanges it at par in Asia for
wheat, cotton, and other products
and pockets the difference will adj
mire and support any Western man
who will aid in perpetuating this
extortion. There is no doubt that
every great banker of New York
who invests and collects on foreign
account, and is required by his Ep-
ropean patrons to collect in dear
money, will admire and support
any Western man who will betray
his constituents by restricting the
use of silver.
Your Elmira speech, stripped of
the suggestion of the employment
of the cuttle-fish policy to deceive
the people, would have met with the
unbounded gratitude and admira-
ton of the producers of wealth in
the United States. | was so much
impressed with your utterances in
favor of free bimetallic coinage that
| prepared letter of congratulation
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