New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-28

PLEA FOR FREE COINAGE.
nrrp THINKS THE SILVER QUESTION
~" WAS THE CHIEF cAU;E OF REruB-
IJChN DEFEAT.

Islander Of that faith SINCE one who knowing
W. foregone conclusion that We were 10 DC rou'cu
beaten vet who have voted for harrison ana h'iu
L. last November, have hopes mat you VIII
give me hearing. ,,. =; ,o.a o,o
E was n delegate-at-large TO Chicago IN looo' ana
aofsat General Mahonc's Plans to give the Hon
,n sherman the solid vote Of virginia ana h'lp'u ID
So the silver plank In our PLATFORM "i"oh .h'i
81 ,bo marty by winning the votes "hlch ue'Iu'u
~ soverol doubtful states. od "reehb'c@efS AUNT
',s ,hat they voted because OF hat pIcoge'
'Dir ding lately the letter Of my friend, H. carey
- Tho Tribune OF the 10th inst, can only
i chat son will give the subject more than passing
thought , .,,,, . ,,t1a oc
.o,ntance to present some OF Tie causes Oh o"F uc
feat , e., ,. , foctor II
cusseda from thousand rostrumS, tt Is true by
.n who know nothing Of it. southerners were
~.a divided The force bill" so called was used
.nnitc and sodlfy the vote. and to lusuly MI
,s.udnent means employed TO secure It, But slr' u'e
neral condition of the farmers Of the country was
ch a. 10 lead them to resent the boas'eu pros
.rlv- OF the country. freely used 10y our orators
"a d,tesmen told many Of our representatives. Iast
ming that thcy would have TO meet farmers WHO were
.1,,,nr wheat Mt GO cents per pushed. 1t proved
. AR thousands will not realize that The oe-
une in farm values has been fearful 1t has ruined
thousands OF workingmen. 1t has Drohs"' ""'S ~
pntlmely graves and many TO Insane asyn'ms
Tn. h,rdenS weighing down great Industrial class
An not directly affect those with asSureu incomes
uov will II be II the fabric OF confidence upon Whioh
tho the present gigantic business OF our country rests
=, sboten, Who will be the sufferers In general
.o,,o,so, All works we'll for the great class VINO
,,ald the power but how VIII ii be when 'he 'ehSpn
,oacbes the breaking point? The terrible warning Vi
General C. NJ. Clay two years ago ana Tue earhe''
ssdinc Of Thurlow Weed. the clear sighted wise man
lain
:, 80, CITY should be Needed before II Is 100 iate'
bove tried myself to correc. glaring mssta'emeh's
=, facts and false deductions IN severi Oh 'he great
psmh,can papers only TO be denied Every proin'
mont advocate of bmetalism knows thlS 10 pe Tue
nct The Indignation caused by tins one iac'' HOW
,err widely known cannot be told. 1t BODIES no eoou
tor orr Republic, as you will see later on 1t wa
lave for free trade that caused the revnsion oil lo"o
ha 400 II will toss out Mr.. Cleveland with greater
lacri,v IL he fails to heed the popular ueihaiiuS'
,morcan farmers and workers are not ready Tor
s.r,dom The farmers constitute the great cohSer'
class OF the country Notwithstanding 'he ia'se p0S'
,hor were placed in by southern ana western men
-. ; 49, now, movement in advancing wild remedies
49, nSis,nv OWLS in the scandalouS extension oi
o,,r nension list which have reason 10 beeVe Is
nrshed TO extend fae power and interest OF the income
class as distinguished from the proancls LAS o we
v VINO voted for the first time against lis rs
nrotest against growing evil. Bu mus cuI| ih
beg 10 say ,' ,nrn, the constitutional power OF
sonsress 70 deprive silver Of its highest Junction aS
eornrrent valiiatOr) To afrIn Is 10 edhnlt that
Coprress NAV demoneze gold. or, 10 chahge the
standard to deprcciative unit ms'eau oil an "pi"'-
snpposc future Congress were to decree that ls
dollar should be made Of l. :'lo instead VI -
r a,a than g that n5dionsly wrought in 1879 Bear
in mind that the great voume OF pophc ueO's "''
,:o rhap 1901 900 OF all silver not in plate is
today actually projected in It's iull mohe.ary rlSn,
pNiTi
admitted Every coin costs its owner It's fun goIu
SSav@ien 10 here viii sell ia, dollar dollar for ToG hes
aan marks ,S for les win sell my farm for English
crowns less the New-York exchange 3 cents OH 'he
Now IN all soberncss what interest have these
Americans in maintaining the high profits oil briuSh
"G IS' reporcd that 900 100000 OF gold bearing
G are 10 's able on to that our country
could alone act and instantly place Et a. par ny
p pPeniaais SOf British HR'' ccoiomsts. ivy -
HIS replied T. the y. arsnmeplS SHRED wG n BY
he members OF our Bmeallic League as it Is those
OF the very able members of the british b Le1gqeo
Charlottesville Va. Dec. "a, 1892.
Mr.. Porter urges that the refusal of the Re
publican party to favor the free coinage of silver
by the United States alone was the chief cause Of
defeats in 1890 and 1892. He argues that the
tariff was not discussed at the South which is un-
doubtedIy true and that farmers in great number
were turned against the Republican party be-
cause the value of farms had declined to half or
in some cases TO quarter Of the price paid Tor
them. 1t is alleged that arguments for free coin
age Of silver are refused admission by Republican
papers, which is quite erroneous. as Senator Stew
art ana Others can testify Of The Tribune, and
possibly the publication of his letter will CON
vince Mr. Porter also.
Mr. Porter should give credit for sincerity oh
belief to those who do not think exactly as nc
does lie thinks free coinage by tho United States
alone would solve the whole question without
disaster or risk But very many others who have
large knowledge of business affairs, and who. he
may in all good nature be assured, are entirely
unparalleled in their study of the subject, be
love that such q step by this country alone would
not only bring great disaster upon the United
States, but would do more than everything else
10 retard efforts for the restoration Of silver
throughout the world This is thoroughly
honest difference Of opinion, and The Tribune
would rot be worthy of Mr. Fortcr's respect if it
did not tell him frankly its belief that he is mis-
taken. But however sincerely mistaken, he ought
hot to say that unpreudiccd men here and abroad
admit what he claims, or that no one replies to
arguments in favor Of free coinage, for these
statements are not warranted. His own strong
prediction against such reasonings may have led
him TO pass them without reading or recollection,
but they have been numerous, wcighty. and have
meried more attention than he seems 10 lave
given them.
II it be granted that the United States alone
Is powerless to restore silver to full monetary
use and value. and can onlG retard the cause OF
silver RECOMMENDATION by the attempt, then fol-
all the array Of actual supposed evils resulting
from the refusal of other nations to consent 10
silver coinage, though repeatedly and most forciby
urged by our Government, those powers and not
the United States must be held responsible
President Harrison appointed os commissioner &c
the Brussels Conference the ablest advocates OF
silver coirage and has strongly urged in public
documents the necessity Of international action
on this question, and yet Mr.. Porter seems tc
Justify those who censure him because he doe:
not believe that this country can act safely OIL