The Superior times. [volume] (Superior, Wis.) 1870-1912, 1892-01-16


Recently gentlemen living in New
Jersey wrote to the Hon. Roswell G.
liorr, in which he asked these ques-
tlons:
1t has lust occurred 10 me. ii il is rie ut
Tor the government to purchase Il large
part of the surplus silver. go to the eX-
pense of storing it, hire men to count and
watch it. and pay the expense of coming il,
81 the Issue of silver certificates to cIrcu-
late IN lis stead: all because it represents
so much labor and capital and. suppose.
also to keep those silver capitalists out of
the poOrh0use !. if that is right. Wny would
II not fe right for the government to pur-
chase the surplus Of farm produce. which
represents Just As much capital and little
more hard labor. and then go through the
same proceeding, issue grain certificates.
or make the grain up into pancakes. and
issue pancake certificates, if you please
Now. il would help ne ont considerably
thlS year IT the government would Duy up
the surplus OF cranberrics. the htaltiiest
OF fruits. and 90 through the same process.
1 know You will say the last would not be
right. Then why the first:
To these questions Mr.. Horr answers
as follows:
First. the government does not coin
money. either gold OF silver. especially TO
and the men who mine these metals. but to
aid all the people of the country. As the
law now stands tand as it ought to re-
main the government pays Tor silver only
the market price. Just what these capital
lists VINO mine the metal could Get for il in
the markets of the world. Coinage with
its attendant process of assay is simply the
establishing the purity OF the metal and
guaranteeing the amount in each piece.
No more, 10 less. The whole business OF
coming money, and of using gold and sill
Yer bullion as a basis for certificates to be
~.
pie, and the expense Is properly paid out OF
the public funds.
This whole matter turns uDOn the fact
that silver and gold have been adopted as
the money substances of the world. They
are everywhere used as the medium OF eX-
change. We have come TO cXFreSS our
IDEAS Of value by naming q cercain com,
which contains a fixed amount of one OF
these metals. Not so with grain. Not sn
with cranherrics. suppose certificates
Wclc issued with clanbtrrles as a basis OF
value. \ certificate Is promise to pay,
on demand. q certain quantity of that
against which il has been issued The
cranberries would in 4 few months have
decayed. If the certificates were not re-
deemed tn craDoerrieS, almost ImmedI-
atcly after their issue the basis OF their
value would have entirely disappeared,
and the certificates would he worth mere
ly the paper on which they We're printed.
and no more. There would be nothing
left with which TO redeem them.
ii the act tor the free coinage OF silver
had been passed. ana had become a law
then the government would have been
compelled TO take all the SILVER brought to
its mints at a fixed price. The price named
was lar above what that metal now bring
III the markets Of the world. such q law
WoItld nav" been in the interest of The MN
erS and owners of silver. ami clearly
against the interest OF the people.
Il
should the government buy and pay an
extra price for silver? 1t does not do 81
for gold. OF any other article. Ii i0r sill
Yer. why nei for gram and crafibrrrleS :?
Sure enough. Bun that question does not
arise. because at present the government
docs rot take either gold OF silver and pay
for them more than their market value i'll
the money centcrS Of the world. 1t does
not take gold and silver al all except for
the purpose of Utilizing them as money
In dong that. its work Is for the benefit Of
the entire people who use money. and i'll
NO sense fOf the benefit OF any particular
class.
The government never huNs gold OF sill
Yer for the purpoSr ~ making irWelry or
tableware. or any other OF the purposes Of
consumption. II never buys them for an
purpose except 10 convert them IN some
way into Il circulating medium. into mou-
rS. 80 long as they are not, they do not
come within the rules which govern the
precious metals. This whole Question
hinges on the fact that silver and gold are
used as money: and il is a proper function
O. government to do all III its power 10
keep the money used l'y the people honest.
pure. and Of equal value dollar for dollar.
4. &. lloHE.
Harrison aud Blaine.
one OF tie fairest estimates of Presi-
dent Harrison and Secretary Blaine.
which has been made by any public
journal. comes from the Chicago Iri-
bune, and will be endorsed by the great
body of thinking Republicans:
If Nj. Blaine will accept nomination
there VIII be no opposition to it. 1t viii
come to him unanimously. If he decides
not to accept nomination it viii not al
feet the high position he now holds in the
estimation of the American people. The
presidency Will add no honor tC him.
He is to-day the leader of the American
people. No man in this country can COM
mand such following lie is the fole-
most american and he will stand in his
long after his defamerJ have been for
gotten. 70 such Il man the presidency
cannot add any honor.
If Mr. Blame should not he a candidate.
and if Mr. Harrison should receive and ac-
cegt the presidential nomination he would
be cordially supported by the Republican
party. He has steadily grown in the nub-
lie estimation. Even his partisan enemies
confess that he has made no mistakes.
His addresses and his state papers have
rec lived general commentator as able
and busineSSIike. He has had the courage
to offend politicians, which Is not an
OffenSe il the eyes OF the people.
He has been patient, steadtaSt retIcent
and industrious III conducting the public
work. II he should be nominated he
would be a stronger candidate III 1872 than
he was four years ago.
This is the situation as II stands to-day.
and II will not be affected by the silly
rumorS and canardS constantly set atioat
by small and mousing politicians.
Card to silver Men.
What the country has to say to these
men is simply the direction spoken OF
old to Judas. That thou doest, DO
qmCklv.' Let not long debate and un-
certainty PROSTATE business throughout
the land The prospects of trade and
industry are now exceptionally bright.
; 4 long contest about the silver question
would almost inevitably shake conf
dence and arrest business. Play the po-
itical game quickly if il must be played.
Make the harm 10 business as briet and
little as possibl Send the bill to the
Senate in a single day; what is the use
of congressional debate about it, The
Senate ought to ne able to act OH d
question exuaustlvelv discussed last