The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-03-26
THE SILVER NAIL.
Hitting 1t Squarely on the Head.

Which Party Will Adopt the Suggestion
Made by a Prominent Business Man
That Furnishes . Solution of the Cues
tion?
New YORK March 25.-The following article will
appear in Tie Journal Of Finance tomorrow.
The forthcoming consideration, of the Bland
silver bill gives special Importance to the silver
question, which is today the greatest subject be-
fore the American people. ~Innumerable theories
have been put forth by various fnanciers. The
man Of all others, however, who has advanced
the most feasible and terse plan for the solution
Of this vexed problem, and one which is in con-
formity with the best business interests of the
country, is the Hon. H. H.. 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 Convention and his
acknowledged ability give all his words special
importance. At a recent small gathering Of
prominent gentlemen Mr.. Warner expressed his
views on the subject 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 the country assem-
bled in National Convention. When assured, how
ever. that the interests of the country demanded
the best veiws of the most reliable men upon this
paramount subject, MIR. Warner consented to
talk and said:
''The treatment of the silver question, in my
judgement should be a clean-cut, business like
transaction, and such as will satisfy the Eastern
States with their manufacturing interests, the
silver-producing States and Territories, the ag
ricultural regions and the capitalists of the
country in every locality.
THAN can be no doubt that the agitation of
the silver question is slowly demoralizing the
business of this country, affecting the values of
our securities abroad as well as at home, and even
causing, throughout the United States generally,
agreements, contracts and bonds to be SO drawn
as to provide for their payment at maturity in
gold. The enormous return of our securities
from abroad is the direct cause of the large ex-
'portation Of gold which has taken place within
the past few months. This is having a most
detrimental effect upon the standing of our Sc
curi,ies throughout the world. You will find
that the conservative foreign investor has become
alarmed at the continual agitation of the silver
question in this country, and has been disposing
"a tAO 80 49, Nv ~ou
receive gold for them, while there is danger in
the near future of his being compelled to accept
silver. Foreign investors become satisfied that
inevitably there must be a depreciation of Amer
lean securities, owing TO the determined effort Of
our people TO make silver the principal c~irculat-
ing medium of our country.
AT present the subject is being handled by
legislators and the political parties of the country
- L. --.ot snAox lr;lnox, a-1
liver symptoms"
II do not understand you, Mr.. Warner"
"Why, it is simply this: They treat the effect of
the evil without attacking the real cause of the
trouble. In other words, physicians treat symp-
toms of kidney and liver disorders, and call such
disorders diseases when in reality they are but
symptoms Of kidney and liver disease.
$50 legislators and the political parties of the
country are d~evoting their energies to effects,
W thout curing the cause, and are thus running
one Of the most productive enterprises of Amer
lea. without regard to the national financial
health.
conscientious physicians and our most en-
lightned citizens have become satisfied that
Warmers Safe Cure puts the kidneys in q healthy
condition, and by so doing, the symptoms that
arise from kidney and liver disorders, and which
are treated as, and called disea ses, are removed,
because when these two organs are In a healthy
condition, such symptoms, which are called by
many diseases. will not be known, from the fact
that healthy kidneys and liver prevent the symp-
toms which are falsely called disease.
$50 I claim that when we remedy this evil,
which is attacking our national health, and the
effects of which are felt In almost every business
Of the country, whether it be agriculture, man.
ufacturingo or financial, will be benefited, from
the fact that the real cause is put in a healthy
condition by restricting the Importation Of silver
to this country"
This is all quite true, Mr.. Warner, but what
do you propose as aremedy?'
The gentleman though carefully for a mo
ment, and then said: Il have a plan which
believe will solve the problem completely, 1t IL
this: To begin with, Iwould place a nearly pro
hibitive tariff npon all importations of silver
ores, or bullion, varying the duty from time tc
time as might be deemed expedient by the Sec
rotary of the Treasury. In short. utilize thu
banks of England and France in the regulation
of the gold circulation of tine world. BY thi
plan the present standard silver dollar worth
but about 70 cents, would again gradually ad
vance to its par in gold, as was the case when
the question of free coinage was being agitated
at which time it sold at about 81 "a per or,
against 81 cents, the present price. Why should
not silver, which is one of the largest produc
tions of this country, be protected as well a.
wool, cotton or ironf By this methon our silver
mining industries, whIoe are now being shut
own, owing to the low price Of silver, would
apidly re assume the prominence SO recently
attained, and the demands of our country TO
liver for coins and the arts would be supplied
from our own mines"
Tin other words. Mr.. Warner, you would prop
rly protects silver mining industries the sam
as other industries and products?n
Precisely. BY this plan more than SIS, 900
900 worth of silver now produced annually il
Mexico would not have access to this country
Why should we be made the dumping ground fol
their ores and bullion produced by the cheapest
labor known, and which now come into this coun
try by the train-load? I would then permit the
free coinage of all silver produced in the United
States. and, although l am aware that the III
dustry would assume proportions never befor
realized, the product would be nomore than i
required for coinage and the art s. As it is now
much of the silver required for these purpose
comes from Mexico and abroad, and we are tn,
sufferers. AS it would be under the plan pro
posed by me, a great industry would be slim
ulated, manufacturers would be benefited, agri-
culturists assisted and the prosperity Of the en-
tire country assured. This plan would not m9al