Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1892-09-30
SENATOR STEWART.
HIS Shortsightedness to Blame for The
Low Price Of Silver.

s'.'~A 'Ss6u scuuVua ~ DI2m0 IOF tD0I
Low Price Of Silver.
Salt Lake Tribunel
While Senator Stewart is smashing
around Nevada, leading the ghost
dance and denouncing President Har-
rison because he has not signed . bill
which was never sent to him to sign,
there Is little secret history which it
Is only fair to give to the men OF Me-
vads, that they may judge for them.
selves better what to do. Ii they
should be told that the reason silver
to-day is down to SO cents is due
more to the acts of Senator Stew at
than to any other man, they would be
astonished, and yet we think we can
establish that that is true. We have
it from authority which we do not
, think that Senator Stewart will dis.
pute, that when the Barring Brothers
failed in London delegation of New
York financiers went to Washington
and called on Secretary Window, and
explained that the mighsiest panic the
world had ever seen was imminent;
that if it came it would be ruin to the
United States financially; they urged
that the government get itself into
shape to meet the storm which was
imminent and which was at that very
moment shaking the financial integ>
rity of Great Britain to the very
center. Senator Allison, Senator
Hoar, Senator Aldrich, Senator Sher-
man, President Harrison and others
were summoned; the situation was
explained, and Mr.. Window remarked
that the only way was to increase the
use of silver. Then bill was prepared
which provided for the purchase of six
millions month, which provided for
the purchase or absorption Of the six
or seven millions surplus in New York
City. Then Senator Stewart and q
senator from Colorado were called in
and the matter was submitted to
them. Sherman, Allison and others
agreed that If the Silver Senators
would accept that, they would put the
bill through Congress. Stewards
answer was: 1--WE viii! have free coin
age or nothlng;" whereupon Sherman
answered him, "Then you will get
nothing" And so the conference
dissolved. If the Senator had agreed
to the bill, it would have put silver
on par within month; it would
have made silver worth to day s1.lO
at least. The Secretary Of the Treas
ury was willi"g that the bill should
pass; the President Of the United
States was willing. 1t was defeated
simply by the obstiuacy of Senator
Stewart.
These being the facts, it strikes us
that i. is not in good form for the
Senator to go smashing about Ne
yada, denouncing the President and
denouncing every other man who will
not accept his dictum as having been
} bought by some monopoly. We be-
2 lieve he acted with the best judgment
he had in the interest of his constitu-
ents, but we believe his judgment
failed him at that supreme moment;
we believe his judgment is failing him
= now in his course in Nevada, and we
believe Nevada Republicans ought to
consider that fact and to be able tc
decide, not on what he says, but on
their own judgments, what is best te
do.
, Mr.. Cleveland's letter is published
4 at last. He reiterates the old anti
tariff vagaries. He demands the free
importation Of raw materials; he aims
direct blow at thousand industries
in this country, and some Of them are
q the industries on which the men Of
o this interior basin rely for living
9 What Senator Stewart is doing is t
o try to elect Grover Cleveland Presi'
4 dent oil. the United States. He may
not realize that fact, but that Is tht
4 truth. Hence, We tell the Republi
, cans OF Nevada that they make a mis-
8 take if they follow his lead this year
e the Senator is off wrong, and the fac
d that he holds high Office does no
e change the matter at all. He is max
$ ing a mistake, as he has made mis-
a takes before. and the Republicans o
;. Nevada will make a most egregriou
v mistake if they follow his advice.
= w Send in your orders for Jo'
Work to tie TINES. They will recelv