The morning call., 1892-04-04
THE SILVER NAIL.
Hitting 1t Squarely on the Head.
Which Party VIII Adopt the Suegestios
Made by a Prominent Business Man
That Furnishes Solution OF tho
Oueafinn9

Which Party Will Adopt the Sue9estios
Made by Prominent Business Man
That Furnishes a Solution OF tho
Question?
NEW YORK. March 25.-The following article
Will appear in the Journal of Finance to-mor.
row:
The forthcoming consideration OF the Bland
silver Dill gives special Importance TO the silver
question. which is day the greatest subject
before the American people. Innumerable the
ores nave been put forth by various financiers.
The man Of all others, however who has al.
yanced the NOSE feasible and teIse plan for the
solution OF This vexed problem, and one WHICH Is
In conformity with The best business interests OF
the country, Is the hon. II. FL. Warner OF New
York City. While Mr. Warner is primarily
known for bis "Safe Cure' discovery his promI-
nence Id financial and political circles, as a rep.
resentative delegate OF the National Convention
and his acknowledged ability give all his words
special importance. At recent small gathering
OF prominent gentlemen, MIR. Warner EXPRESSED
bis views on this great subject freely. This fac,
came to the knowledge OF Ibis paper. and an in
teryiew was sought with the boHora bic gentle
man. MIR. Warner manifested extreme re-
lnctance TO giving out anything for publication.
claiming that his plan should first be ANNOUNCED
ID the platform OF one of the gtear parties oil the
country assembled In National Convention.
Wnen assured, however. that the interests OF the
county demanded The best views of the most
Ieliaole men upon this paramount subject, MIR.
warn L consented 10 talk aud said.
1.-The treatment of the silver question I'm my
1udgm ut, should be clean-cuf. business-Iike
transaction. and such as will satisfy the Eastern
States with their manufacturing interests the
siiver-produclng States and 1erritories the agTi-
cultural regions and the capitalists Of the coun-
try In every locality.
"Tbere can be no doubt that the agitation OF
the silver question Is slowly demoraliZlng the
business of this country, affecting the values OF
our securities abroad well as at home, aud
even causing throughout the United States gen
orally, agreements. contracts and honGs to be so
drawn as TO provide for their payment at mafu-
riIy In gold. The enormous return Of our seeu-
rifles from abroad Is the direct cause OF the
Itrge expectation OF gold which has taken place
within the PAST few months. This is having a
NEST detrimental effect upon the standing OF our
securities throughout the world. You win find
that the conservative foreign investor has become
alarmed al the continual agitation OF thu silver
question in this country, and has been dtsposing
OF American securities because he knows he can
receive gold for them, while there Is danger in
the near future OF bis being compelled TO accept
silver. Foreign investors become satisfied that
inevitably there must be depreciation Of Amer
lean seeur les, owing to the determined effor of
our people TO make silver the prIncInaI circulai
ing medium OF our country.
"A1 present the subject Is being handled by
legislators and the political parties OF the coun-
Try about TIE same as physicians treat kidney
and liver symptoms"
81 do not understand you, Mr.. Warner"
why. IL Is simply this: They treat the effects
of the evil without attacking the real cause OF
the trouble. In other words, physicians treat
symptoms OF kidney and liver disorders, and call
such disorders diseases, when in reality they are
but symptoms OF kidney and liver disease
80 legislators and political parties OF the
country are devoting their energies to effects
without curing the cause. aud are thus ruinin
one OF the most productive enterprises OF Amer
lea, Without regard TO the national financial
health.
Considerations physicians and our most en-
nghtened citizens have become satisfied that
warmers Safe Cure puts the kidneys In
healthy condition, aud by so doing the symp-
toms that aIise from kidney and liver disorders,
and which are treated as and called diseases
removed. because
are In a healthy condition such symptoms
whlch are called BY many diseases. VIII not be
known, from the fact that healthy kidneys and
liver prevent the symptoms which falsely
called disease.
So claim that when we remedy this evil
which Is attacking our national health. aud tn
effects OF which are felt In almost every business
OF the country. whether 1t be agriculture. manu-
featuring or financial, will be benefited from
the fact that the real cause Is put III a healthy
condition by restricting the importation of silver
to this country"
This is all quite true, Mr.. Warner but what
do you propose as a remedy?''
The gentleman thought carefully for mo-
believe viii solve the problem completely. Ii Is
this: TO begin with, / would place a nearly
pFohlDltlye larln upon all importatiens OF silver
ores or bullion. varying the duty from time 10
time as might be deemed expedient by tn See
reiary OF the Treasury. In short, 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 20 cents, would again gradually ad
vance TO its par In gold, as was the case when
The question of free coinage was being agitaIed
at which time IL sold at aboul 81 "a per ounce
against 81 cents, the present price. Why should
not silver which is one of the largest produc.
lions OF this country. be protected as we'll as
wool, cotton or iron? By this method our sill
ver-mtning industries, which are now being shut
down, owing 10 the low price of silver, would
rapidly reassume the prominence so recently
attained, and the demands OF our country for
silver for coins and the arts would be supplied
from our own mines"
" In Other words, Mr.. Warner, you would prop
erly protect silyer-miDing industries the same as
other Industries and products?"
'Precl>eiy. BY this plan more than xb5, 600 600
worth OF silver now produced annually in Mexico
wouid not nave access 10 this country. Why
should we be made the dumping ground for Their
ores and bullion produced by the cheapest La Dor
known, and which now come into this country
by the trainload? would then rmit thu free
coinage of all silver produced IN the United
States, and. although i am aware that the In
dCstfy would assume proportions never before
realized, the product would be no more than Is
required Tor coinage and the arts. AS IL is now
much OF the silver required for these purposes
comes from Mexico and abroad. and we are the
sufferers. As It would be under The plan pro-
posed by me, great fBdusIry would be stiuu
lated. manufacturers would be benefited, agrt
culiutists assisted ana the prosperity OF the en-
unlimited coinage, but would confiue it entirely
to the productions of this country, which all
statistics Will show barely supply our require
meDts."
at This time, when the silver Question Is prosni-
nehtly befOrs The people, the words of Mr.
Warner came with special force, both by reason
OF their good sense and the valuable plan they