Daily independent. [volume] (Elko, Nev.) 188?-1915, 1892-05-02
sENAroR HILL ON Silver.

III
Of Now York, from which 70 take the
following:
It has been tho custom Of his
enomies-and, indeed, 1t II their Gus
tom to-day-to accuse Senator Hill OF
'cowardice, 10 call him skulket. E.
pecially 10 this true Of the silver quOs-
ton. They declare that In all no has
said he has failed to define hia posi-
ton. The fact 10, he believes in "fres
coinage under q proper International
ratio" tirst OF all, but, an q choice OF
evils, he considers free coinage with
out foreign cooperation superior to
the present system. There is no doubt
Of this He enunciated it with di-
rectneas and force in September, 1890,
during the great Congressional can
vass, when he made the principal ad-
dress at the opening Of the Thomas
jefferson Club in Brooklyn. After
denouncing the Republican financial
policy generally, he spoke aR follows:
1.-THE new monetary legislation OF
Congress, az exempli6ed in tho recent
silver act, re-doubles the latest, Q
peats the earliest aud psrpetuatss the
worst OF those errors which for nearly
thirty years have made unsound f.
nance = daily national instruction and
honeycombed the Constitution with
Republican law, instead OF executing
the granted power to coin the peoples
gold and silver into money instead of
efectinR its circulation by gold and
silver certificates strictly representa-
tive Of coin, dollar for dollar, this Re-
publican Congress has now managed,
without the excuse Of war or the pre-
tense OF necessity, TO add another
new-fangled legal tender to that
promissory debt currency which the
United States Supreme Court, before
it was packed to revise its own do
o~ision, rightfully adjudged illegal.
After twelve years. failure 1y com
pulsory silver purchases to promote
free bimetallic coinage at home or
abroad, the Republican party is now
trying to deceive the people by the
claim Of having settled whaC il calls
the silver question: The assumption
is as unwsrranted az deOeiving. The
recsnt legislation of Congress is mere
ly q temporary expedient. IL will
give permanent satisfaction nowhere.
1t puts a heavier strain upon our re-
sources than free bimetallic coinage
without foreign cooperation would
do aud obstruots our progress towards
that end which we all desire to reach
the free coinage OF silver under a
proper international ratio.
"Iu order To give internationally
IN our ratio. sixteen, it would be neces-
sary to obtain beforehand the con-
cordant votes Of all the States of the
European Continent and the stimuli
taneous re-coinage o. the gold francs,
the gold ~tlorins, the gold roubles,
while the single vote ut Congress in
favor OF the European ratio, fifteen
and one half, and the r~e-coinage OF q
single piece, namely, u silver dollar,
would be sufficient for realizing every
where an identical bimetallic ratio.
Congress persists in making sixteen
gold dollars weigh az much as n sill.
YER dollar, while fifteen and one-hslf
10 the monetary ratio between gold
and all the enormous stocks OF silver
coins existing in France, IN Holland,
10 Spain, in Austria, in Germany and
In Rnssia.
Congress thus, with Numbering in.
competence, actually proposes either
q future conflict Of mint ratios such
rs twice already swept the United
States clean of its monetary metals
fret Of gold and then Of silver, or els
it casts away to foreign lands tina
large profit incident to tho re-coinag.
which either hero or in Europe mus