New-York tribune., 1892-01-07
DUVEEN BROS.
High-CIass Antique
DECORATIVE FURNITURE.
OLD
GObelin Tapestries.
3O2 fifth Av.,
is' Goa1sa. GaaSsa ST. NEW.YORM,

is also made conspicicus by the assumption OF su-
prerne power TO do whatever Of harm or mischief
they choose. and by the declared purpose. if they
have silver, they will not have gold, but will
jump to nOn-metallic money and initiate the country
with fimsy food of unredeemabe fiat paper money.
II the bad Is not to be had then, copying from
Miltons Satan, Evil be thou good" they propose
to have the worst. If they cannot have the measles.
then they will have the smallpox: and II they cannot
g. to Prgatoy, they will go to lIadcs. 1t appeared 10
him that unlimited coinage OF silver by the United
States alone pregnant with the exile OF gold
and dire financial calamiucs.
As the experience OF all the leading nations had
demonstrated, gold the most potential monetary
instrumentay yet discovered by Without gold
to uphold such money in circulation
American industries. and cha acter would all
be sure to suffer sad decadence and the Republic
itself would drop from the elevated rank 1t held
among nations.
The silver measure OF the last Congress. as II ap
peared to him. a very broad and possibly II very
extavagant concession to the great corporations owning
American silver mines ard too nearly approaching tic
dangerous line of doing too much. Experience might
show conservative notifications to he imperative
And yet some OF the silver advocates net salts
fed and insist upon something even more extravacant
than the original act. The silver coiporons dee
Grated and to be decorated with foreign stock
holders, hunger for still larger gains Onelrf sheer
profit in the production of silver only whets the appc
tte for more. They wanted The government to rive
them free coinage, which would ic about SO ID
cent above the market value o. silver bullion. and also
TO bear the cost OF coinage and the responsibility of all
further depreciation Of silver by boarding ii until n;
the last syllable OF recorded Ii he 1t shall melt with
fervent heat"
| SILVER NOT GOOD ENOUGH TO PAY FOR SILVER.
But II their supreme demand Of free and unlimited
coinage be granted they wonld be persuaded
10 accept silver certificates or silver dollars In pay
mcnt for silver even after the Government should have
been subjected TO TIE expense of it, coinage. The
dollar should be good enough FOR other people. bu; 10,
good enough TO pay for silver bullion. They, like some
doctors who have panacea for all the ills OF humanity
would not take their own medicine. but would refuse
the dollar with which they urged the Government 10
flood the country They iu>iSted upon having
thing better. The Government will be required TO hold
forever not only the dead weight now stored in the
ovcrlsden vaults of the Treasury but also the future
daily additions thereto from al foreign and
domestic II to be taken. not because the GOV
eminent wanted IL. but because nobody wanted H.
III conclusion Mr.. Morrill, said
have demonstrated, yst that the depreciation Of Al.
- both great and universal TINT unlimited coinas"
could be maintained the present. standard win gold,
would suddenly wreck the country silver rsyou-
ton. Second that unlipit coinage would n.nrdct all
international silver compacts Thld. that there s no
scarcity Of money circulation, but Instead the amount
is twice crcat as it was in 1875 and nceasng on
canttr. Fourth that Silver standard would be equiv
elant horizontal reduction OF tarh OF % per cent
and equal reduction Of all pens Ifth.
the Increase Of slver 10 the extent OF four
the product Of 1855. colncident with atty les
scned demand for 10 hos dpfecated It's value that
Unlimited coinage by tho United states must prove dr.
Natoaa! Eundcr Sixth thdt thHsc - magic
any law " Congress wbi, make the world accept
en- ounce OF silver : worth any coin than IN
bullion. Seventh that the parties to first profit " fiee
coinage would b. the corporate OF silver miDcs
only and the parties finally suffer the largest losses
ty 10 be great Of people. into who.
pass.
The public credit Of our great Republic IS al stake
Shall have tho best money STANDARD OF the foeTot
Nations OF mankind. shall descend 70 the nckerng
and gauge Of silver only for tho conduct Of .
greater home and foreign trade than that Of other
people. ancient modem We have paid on tish
hree.quarers OF great de6t in gold when our
resources less then now and l unwilling 70
forfeit welcomed reputation and lose public conf
and all the prestige Of history by
ing the remnant Of this debt in lce1l tender q
much value.
Mr. Morrill, read his speech from printed slips.
On the Republican side Of the chamber he was
listened to with that close at ention due 10 the i'm
portance Of the subject and 10 Mr. Morrs high |
character and position a. chairman Of the Finance |
Committee
At the close OF the speech, which occupied about |
an hour aud half in its delivery Mr. Teller took |
the hocr and called attention 10 the fact that the
senator fIom Vermont well the President Of the |
Uni cd state In his annual message, treated INC |
liss in Congress lie Mt Teller denied that assrr
ton. The bin he said, net the WORK or the prob
uct oi t1 siiNer PcoPic' out wac thc P.pIn', vi
Son'icc tni', h1u occli hio"h 70 " ior 'Ia! ;eus
oedoiy hosue 70 pn,e'aiusnl l"e a,t vi "u'l, io"o
Va MaS Io' "a s.Ner a a. , i Mss q nnrS ~ cs' emu a.
suI % ~ nAu 80 CO. 'uo "pp,a ppn,,, '" v,2"o" "a Is
%ho hau Noteu Ioi H.c uolHasr' anu 'i"u N'ci"tu |
JUG cohoennauon OF t"cnts 'nne ~cnd'oIs VINO ha1
rooS M lor t.v. oonosu "a 49, iu11s s e,cnSe % In Ioi %
ulc rIeauol. o'saec' ~ my c'es' naI 'Ic DIi "n
poch cAPccpsu W D.Ih e'o pr VI snoI up 10 ~ -
Vcf ouhVe, nc cibueHs'u Wy ItAt'uItt lV pOol VI |
uidt sht|Went, gnu asscrtru 'nat ON! on' ''Hdt'r
lalludlng 10 Mr. Jones OF NeVaca) hhd intmhtcd that
the act Of 1890 would brins silver up 10 par On |
the other hand. more Than twenty senators had AZ
serted that it would not bflng sLvef up TO par iie
(Nr. Tellcrl had dcclared when that Dill was under