Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-04-02
THE SILVER nail.


which Party WnI Adopt the Suggestion
Made By Prominent Business Man
That Furnishes solution of the CUES
ton:
NV YORK. March 25-The following article
will appear in the Journal Qf finance to-no1
row:
Tho forthcoming consideration OF the Bland
silver bill gives special Importance tothe silver
question, which il to-day the greatest srolec'
before the American people Innumueraoie
theories have been put forth by various hnsnc'
iers The man OF all others. however, who has
advanced the most feasible and terse plan Tor
the solution OF this veXed problem, and enc
which is in conformity with the best business
interests OF the country, is the Hon. H. d.
Warner, Of New York City. While Mr.. Warner
is primarily known for his safe CuTeHdiscoY.
cry, his promiuence in nnaciai and ponlc4i
circles. as ! representative delegate OF the
National Convention and his acknowleoSeo
ability give al his words special Importance.
Alta recent small gathering OF prominent gen
tlemen Mr.. Warner expressed bis Views on this
great subject freely This fact came 10 TIE
knowledge OF this paper. aud an interview was
sought with the honorable gentleman. mr.
Warner manifested extreme reluctance 10 CIV
ing out anything for publication, claiming
that his plan should first be announced IN the
platform OF one OF the great parties OF the
country assembled in National Convention.
When assured, however, that the interests OF the
country demanded the best views OF the most
reliable men upon this paramount subject, MT.
Warner consented to talk. and said;
The treatment OF the silver question. IN my
Judgment should be clean-cuI, business-like
transaction. and such - Will satisfy the last
ern Ststes with their manufacturing Interests,
tRe silyer-prOducing States ana Territories. the
agricultural regions and the capitalists OF the
country in every locality.
the silver question i slowly demoralizlng the
business Of this country, affecting the values OF
our securities, abroad as well Is NJ home. ana
even causing, throughout the United states
generally, agreements. contracts and bonds 10
be so drawn as TO provide for their payment az
maturity in gold. The enormous return OF our
securities from abroad Is the direct cause OF
the are expectation OF gold which has taken
place within the past few months. This is hav-
ing a most detrimental effect upon the stand
ing OF our securities throughout the world lou
will find that the conservative 10 elgn investor
has become alarmed at the continual agitatlon
Of the silver question in this country, and has
been disposing Of American securities because
he knows he can receive gold Tor them. while
there is danger in the near future or MS being
CON pelleS 10 accept silver. Foreign investors
become satisfied that inevitably there must be
q depreciation OF American securities, owing 10
the determined effort OF our people 10 make sill
yer the principal circulating medium OF our
country.
eat Iresent the subject is being handled by
legislators and the political parties OF the coun-
try about the same as physicians teat kidney
and liver symptoms"
II do not understand you, Mr.. Warner"
"Why, u is simply this They treat the ef.
fects OF the evil without attacking the real
cause OF the trouble. In other words, physicians
treat the symptoms OF kidney and liver disor-
ders and call such disorders diseases, when in
reality they are but symptoms OF kinney ahu
liver disease.
$50 legislators and the political parties Of
the country are devoting their energies to ef-
fectS, without curing the cause ana are thus
running one OF the most productive enterprises
OF America, without regard 10 the national
financial health.
conscientious physicians and our most en-
lightened citizens have become satished that
Warmers safe Cure puts the kidneys in a
healthy condition, and by so doing, the symp-
toms that arise from kidney and liver disorders,
and which are treated rs, and called diseases,
are removed, because when these two organs
are in healthy condition, such symptoms,
which are called by many diseases, will not be
known from the fact that healthy kidneys and
liver prevent the symptoms which are falsely
called disease.
$50 | claim that when we remedy this evil,
which Is attacking our national health, aud the
effects OF which are felt in almost every bust
ness OF the country, whether IL be agricultural,
manufacturing or financial, will be benefited.
from the fact that the real cause is put in
healthy condition by restricting the importa'
ton OF silver TO this country"
This is all quite true, MIR. Warner, but what
do you propose as \ remedy"
The gentleman thought carefully for mo-
meut, and then said Il have a plan which
believe will solve the problem completely. IL
is this: To begin with would place nearly
prohibitive tariff upon all imp0rtatons OF silver
ores, or bullion, varying the duty from time TO
time as might be deemed eXpedIent by the Sec-
NJ no va the
experience gained In this direction by the
banks OF England and France IN the regulAtlo a
of the gold circulation OF the world. by THIS
plan the present standard silver dollar, worth
but about 10 cents, would again gradually az
vance 20 its par in gold, as was the case when
the question Of free coinage was icing agitated,
at which time it sold at about tl.%i per o.,
against 81 cents, the present price. Why should
not silver which Is one Of the largest produc-
tons OF this country, 10 protected as we'll as
wool cotton or iron By this method our sill
ver-mining industries, which are now being
shut down. owing 10 the low price OF silver,
would rapidly re-sssume the prominence 80 re-
Gently attained, and the demands OF our coun
try for silver FOR coins ana the arts would b.
supplied from our OWN mines.
ain other words. Mr.. Warner YOU would
properly protect silver mining industries the
same as other industries and products
Precisely. BY this plan more than 300 CO.,
600 worth Of silver now produced annually In
Mexico would not have access 70 this country;
Why should we be made the dumping ground
for their ores and bullion produced ny the cheap
est labor known and which now comes into this
country by the train-losd! ! would then per
init the free coinage OF at siiUer produced tn N.
United States, aud, although am aware that
the industry would assume proportions never
before realized, the product would be no more
than is required for coinage and the arts. AS
il is how, much OF the silver required for these
purposes comes from Mexico and abroad, AID
we are the sufferers. As II would De under the
plan proposed By me. a great industry would be
stimulated, manufacturers would be benented,
agriculturalists assisted and the prosperity OF
the entire country assured. This plan would
not mean unlimited coinage, but would connne
il entirely to the productions Of this country,
which ali statistics will show barely supply our
requirements.
At this time. when the silver question is prom
inently before the people, the words OF MT.
Warner came with special force, both by res
son OF their good sense and the valuable plan
hey cnntaln.