St. Paul daily globe., 1892-03-29
THE SILVER NAIL.
Hitting 1t squarely on the Head.
Which Party VIII Adopt the sug-
gestion Made by Prominent
Business Man That Furnishes a
Solution Of the Question:

-iIfsM
AtlTi
New YORK, March 28-The following. a1tf-
Gle will appear in the Journal of Finance to-
morrow.
The forthcoming consideration of the Bland
silver bill gives special importance 10 the
silver question. which is today the greatest
subject before the American people IN
Vulnerable theories have been put forth by
various financ.ers The man of all others,
however who has advanced the most FEAST
BILE 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 pri-
marily known for his safe Cure" discovery
his prominence i'll financial and political
circles, as representative delegatee of the :
National Convention and his acknowledged
ability give all his words special importanc e.
At recent small gathering of prominent
gentlemen Mr.. Warner expressed his views
on this great 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, claim
ing that his plan should first be announced
i'll the platform of one of the great parties of
the country assembled in National Conven-
ton. When assured, however, that the in
terests of the country demanded the best
views of the most reliable men upon this
paramount subject Mr.. Warner consented to
talk, and said:
''The treatment of the silver question, in my
Judgment should be clean-cut business
like transaction, and such as will satisfy the
Eastern states with their manufacturing i'll
terests the silver producing states and terri
tories, the agricultural regious and the
capitalists of the country in every locality.
There 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 we'll as at
home, and even causing, throughout the
United States generally, agreements con-
tracts and bonds to be so drawn as to pro-
vide 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 takeE place
within the past few months. This is having
most detrimental effect upon the standing
Of our securities 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 of Amer
ican securities because he knows he can re-
ceive gold for them. while there is danger in
the near future of his being compelled to ac
cept silver. Foreign investors become salts
fled that inevitably there must be deprecia
lion Of American securities, owing TO the
determined effort of our people 10 make
silver the principal circulating medium of
our country.
''At present the subjects beng handled by
legislators and the political parties of the
country about the same as physicians treat
kidney and liver symptoms"
II do not understand you, Mr.. Warner"
why. it is simply this: They treat the
cause of the trouble. In other words. physi-
clans treat symptoms of kidney and liver dis
orders, and call such disorders diseases.
when in reality they are but symptoms Of
kidney and liver disease.
80 legislators and the political parties Of
the country are deyoting their energies to
effects without curing the cause and are
thus running one of the most productive en-
terprises of America, without regard 10 the
national financial health.
conscientious physicians and our most
enlightened citizens have become satisfied
that Warmers Safe Cure puts the kidneys in
healthy condition. and, by so doing, the &
symptoms that arise from kidney and liver
disorders, and which are treated as, aud
called diseases, are reno ed; because when,
these two organs are in healthy condition,
such symptoms. which are called by many
diseases. will not be known, from the fact q
that healthy kidneys and liver prevent the
symptoms which are falsely called disease Il
$50 claim that when we remedy this evil.
which is attacking our national health, and Z
the effects of which are felt in almost every
business of the country, whether it be agri-
culture. manufacturing or financial, will be
benefited from the fact that the real cause is
put in healthy condition by restricting the
importation of silver to this country
This is all quite true. Mr.. Warner, but
what do you propose as remedy"
The gentleman thought carefully for amoi
ment. and then said: II have plan which
believe will solve the problem completely. 1t
is this: To begin with, would place nearly
prohibitive tariff upon all importations of
silver ores or bullion, varying the duty from
time to tine as might be deemed expedient
utilize the experience gained IN this
direction by the banks Of England and
France in the regulation of The gold
circulation of the world. By this plan
the present standard silver dollar, worth
but about 10 cents. would again gradually ad-
vance TO its par i'll gold, as was the case when
the question of free coinage was being agi-
tated, a which time it sold ut about Sl.A per
o., against 81 cents, the present price. Why
should not silver. which IS one of the largest
productions of this country be protected as
well as wool, cotton or iron? By this method
our silver mining industries, which are now
being shut down, owing 10 the low price of
silver, would rapidly reassume the promi-
nence so recently attained. and the demands
of our country for silver for coins and the
arts would be supplied from our own mines''
I'm other words Mr.. Warner, yon would
properly protect silver mining industries the
Precisely. BY this plan more than S55-
000p00 worth of silver now produced annu-
ally in Mexico would not have access to this
country. Why should we be made the
dumping ground for their ores aud
bullion produced by the cheapest labor
known, and which now come into this
country by the train-load? / would then pers
nit the free coinage of all silver produced i'll
the United States, and, although l 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 it is now. much of the silver re-
quired for these purposes comes from Mex
leo and abroad, and we are the sufferers.
AS it would be under the plan proposed by
me, great industry would be stimulated.
manufacturers would be benefited. agricut-
urists assisted and the prosperity of the en-
tire country assured. This plan would not
mean unlimited coinage, but would confine
it entirely 10 the productions of this country,
which all statistics will show barely supply
our requirements.
At this time, when the silver question is
prominently before the people. the words of
Mr.. Warner came with special force, both by
reason of their good sense and the valuable
plan they contain.