The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-03-26
the SILVER NAIL.
Hitting It squareIy on the Head.

The following article appears In to-day's
| journal OF Finance:
| The consideration OF the Bland Silver bill
| gives special importance to the silver aucs-
| ton. which ia to-day the greatest subject be-
| fore tho American people. Innumerabls
theories have been put forth by various flnan-
| ciers. The man Of all others. however.
| who has advanced tho most feasible
| and te-se plan for the solution OF
| this vexed problem. and ono which is In
| conformity with tho best business interests
| OF the country. Is the Hon. H. II. Warner OF New
| York city While Mr.. Warner is primarily
| known for his safe Cure" discovery his
| prominence in financial and political circles as
| a representative delegate Of the National Con.
vention and his acknowledged ability give all
| his words special Importance. At a recent
| small gathering OF prominent gentlemen Mr..
| Warner expressed his Views on this great SUBJ
| ject freely. This fact came to the knowledge
| OF this paper. and an interview was sought
| with the honorable gentleman. Mr.. Warner
manifested extreme reluctance to giving out
| anything for publication. claiming that his
| plan should first be announced In the platform
| OF one Of the great parties OF tho country as
| sembed in National Convention. When as
sured. however that tho interests OF tho coun-
try demanded the best views Of the most relia-
BILE men upon this paramount subject, Mr..
! Warner consented to talk. and said:
| THE treatment OF the silver question. In my
| Judgment. should be u clean.cut. businesslike
| transaction. and such as will satisfy the East.
ern States with their manufacturing interests.
the silver-producing States and Territories.
the agricultural regions. and tho capt. ,lists Of
| the country in every locality.
There can be no doubt that the agitation Of
the silver question ia slowly demoraizne the
business Of this country. affecting the values
| OF our securities abroad as we'll as at home.
| and even causing. throughout tho United
| States generally. agreements. contracts. and
| bonds to DO so drawn as to provide for their
| payment at maturity in gold. Tho enormous
return OF our securities from abroad is the die
| rect cause OF tho largo expectation OF gold
| which has taken place within the past few
| months. This Is having most detrimental
| effect upon the standing OF our securities
| throughout the world. You will find that the
conservative foreign investor has become
| alarmed at the continual agitation OF the sill
| YER question In this country, ana has boon dis
| posing OF American securities because no
| knows he can receive gold for them. while
| there Is danger in tho near future OF his being
| compelled to accept silver. Foreign investors
become satisfied that inc, itably there must
| be q depreciation OF American securities. ow-
ing to the determined effort Of our people to
make silver tho principal circulating medium
| Of our country.
AT present the subject is being handled BY
legislators and the political parties Of tho
| country about the same az physicians treat
kidney and liver symptoms"
| Il do not understand you. Mr.. Warner"
| why. it Is simply this: They treat tho ef-
| fects OF tho evil without attacking tho real
| cause OF the trouble. In other words. rhysi-
| cinns treat symptoms OF kidney and liver dis
orders. and call such disorders diseases. when
| - ,>kx , ut i
| liver disease.
80 legislators and tho political parties Of
the country are devotlng their energies to Of
| fects. without curing the cause and are thus
| running one OF the most productive enterprises
| OF America. without regard to the national
| financial health.
Conscientious physicians and our most en-
lightened citizens have become satisfied that
| Warmers Safe Cure puts the kidneys in
healthy condition. and by SO doing. the symp-
toms that arise from kidney and liver disor.
ders and which are treated as and called dis
eases. are removed. because when these two
organs are in q healthy condition. such symp-
TOMS which are called by many diseases. will
not be known. from tho fact that healthy kid
neys and liver prevent the symptoms which
are falsely called disease.
| 80 claim that when we remedy this evil.
| which is attacking our national health. and the
| effects Of which are felt in almost every bust
| ness OF the country. whether 1t be agriculture
manufacturing. or financial. will be benefited
from the fact that the real cause is put in a
healthy condition by restricting the importa-
! ton Of silver to this country"
| This is all quite true. Mr. Warner. but what
| do you propose as a remedyI"
| The gentleman thought carefully for a mo-
ment. and then said: Il have plan which I
believe will solve the problem completely. 1t
| Is this: To begin with. l would place a nearly
prohibitive tariff upon all importations OF sill
YER ores. or bullion. varying tho duty from time
| to time as might be deemed eXpedient by tho
| Secretary OF the Treasury. In short. utilize
the experience gained in this direction by tho
| banks OF England and France in the regulation
| Of the gold circulation Of the world BY this
plan the present standard silver dollar. worth
but about 10 cents. would again gradually adj
| vance to its par In gold as was tho case when
tho question OF free coinage was being aGi-
tated. Mt which time 1t sold ut about S1.24 Dor
or. against 81 cents. the present prizes. Why
| should not silver. which Is one OF the largest
productions Of this country. be protected as
we'll as wool. cotton. or iron2 by this method
our silver mining Industries. which our now
| being shut down. owing to the low price of
| silver. would rapidly reassume the prominence
| SO recently attained, and tho demands OF our
country for silver for coins and tho arts would
be supplied from our own mines.'
| "In other words. Mr.. Warner. you would
| properly protect silver mining industries the
same as other industries and productsi"
| Precisely. BY this plan more than $685.
100000 worth OF silver now produced annu-
ally in Mexico would not have access to this
country. Why should We be made the dump
ing-ground for their ores and bullion pro-
duced by the cheapest labor known. and which
| now come into this country by the train load
would then permit the free coinage OF all
silver produced in the United States. and. al
| though l am aware that the industry would
| assume proportions mover before realized the
product would be no more than is required for
| coinage and the arts. As 1t Is now. much Of
tho silver required for these purposes comes
from Mexico and abroad. and we are the suf-
ferers. As 1t would be under the plan pro-
posed by me. a great industry would be stimu-
lated. manufacturers would be benefited.
| agriculturists assisted. and the prosperity OF
| the entire country assured. This plan would
not mean unlimited coinage. but would con-
| apa ~ tiralv In ha Drol Of this ooun.