Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1892-05-08
SENATOR MIL ON SILVER.

The World, of April 9th, contains
b graphic account OF the life and pub
lie services Of Senator David 3. Hill,
81 New York. FROM which &C take the
fJlloWing:
Il has bse- the custom OF his
% .nisa- and, indeed, 1t 10 their Gus
tom to-day-t, accuse Senator Hill Of
c~oxardice. Ia c,ll him askulker. Es-
pocislly 10 this uu Of the silver ques-
ton. They declare that in all no has
said he hrs failed to define his posi-
ton. The fact 10, no believes in 'freo
rninaRe under q proper. International
rStio," uut OF all, but, us Il choice OF
evils, ho considers free coinage with
ont foreign corporation superior TO
the present system. There is no doubt
ot this. He enunciated it with di-
IsctnAss and foroe in September, 1890,
curing the great Congressional can
vass, when he made the principal adj
dross a. the opening VI the Thomas
Jefferson Club in brooklyn. After
denouncing the Republican financial
policy generally, lie spoke aa follows:
THE naw monetary legislation OF
CouRt.e.. as e~xeuIpIIlied in the recent
silver act, re-douhles the latest, re-
beats the e~arlicsi and perpetuates the
worst Of those errors which f.r nearly
thirty years bave made unsound Ii
nance \ daily patiopal instruction and
honeycombed tho Constitution with
Republican Law, instead Of executing
tho granted power 10 coin tho peoples
goiu and silver into money instead OF
enecting its circulation by gold and
silver certificates strictly representa-.
tive Of coin, dollar for dollar, this Re-
Publican Congress hus now managed,
without the excuse nj war or the pre-
tsnso VI Necessity, to add another
now.fsnRled legal tender to that
prorniseory debt currency which the
United StHtes uprsms Court, before
il was packed Ia revise it's own. do
e,aIon, riuhtfully adjudged illegal.
Alter tH'.Ve years failure by COM
pulsory silver purchases to promote
free bimotallic culnage at homo or
abroad, tho Republican pnrty is now
trying TO deceive tho people by the
claim Of barring settled whaG it calls
tho silver question: The assumption
10 A. un~arranted as doceiving. The
recent legislation Of Congress- is mere
b . Temporary ~orpedient. IL will
give p r'u"n"ut satisfaction nowhere.
II puLe q heavier strain upon our re-
sources than fres bimetallic coinage
without foreign cooperation would
do AID obstructs our progress towards
taAt end WHICH wa all desire to roach
the free c image Of silver under a
proper international ratio.
-Iu order TO give Internationally
d, our rntiu. sixteen, it would he neces-
ssry TO obtain beforehand the con-
eordsnL votes OF all tho States OF the
EnropsaHO Continent and the stimuli
taneous re-coinage o. the gold francs,
tho gold %florins. the gold roubles,
while the single vote Of Congress in
fsvor Of the European ratio, fifteen
and one half, and tho re-coinaye OF n
siDgle piece. namely, our silver dollar,
would DO sufficient for reuliz,ug every
where IN identical binetallic ratio.
Congress persists in making sixteen
gold dollars weigh "a much as one sill
Yer dollar, while fifteen and one-half
10 tho monetary ratio between gold
sn'i all tho enormous stocks OF silver
coins existing in Franre, IN Holland,
in Spsip, in Austria, N Germany and
10 RnusiB,
"Conaress thus. with blu:ldering in
competence, actually proposes either
ssuture oou1irt o! mint ratios such
~ twice already swept tho United
States cleon 81 its monetary metals.
fret Of Roll and then VI sill yer, or else
IL ousta away To foreign lands that
large profit incident to tho re-coinaRe
which either hero or IN Europe must
preceds TO mike possible FREQ bime,al.
liz coinage ut one ratio on both sides
Of the Atlantic.
I'm ON. act n Republican Congress
has thus usurped n more than doubt
ful power, which. IL lawful, II has
worse than uuwisely used; las re.
pulsed a popular demand for restora.
tion ~ uur monetary unit, which, till
1913 wRa biInetnlIir. with free coinage
alike " silver and gold, and haa inter.
posed Q bindrance 10 q single and
hx-d weight ratio Of parity for the
gold and silver Of the worlds com.
morcH, which ia q rational solution of
tue silver question IL commerce ro-
nnins international and universal"
This eItrast has been given ut
lonvth btonuse il is the clearcst state.
msnt tho Senator hRs over made on
this subject. Since delivering il ho
has on nj least two occasions spoken
oD financial question:, but neither Mt
Eimira nor al Albany were his utter.
nnce compar ible with this, his first
for force and 1]ircUtneea.
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