St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-02
The Nevada Senator Sharply
CriticiSes David BIS Sill
YER Ideas.
Two Speeches Compared in
Their Relation to This
Question.
Mr.. Stewart Makes Several
Side Shots at Alleged In
constituencies,
And Winds Up by Expressing
Sorrow for Mr.. Hills PO-
SitiOn.

WAsRINGToN, Jan. 1.-Senator Stew
art, of Nevada. tonight sent a letter to
eX-GOv. Hill, of New York, criticising
the latter's position on the silver ques-
ton, in which he says:
'lf you are in favor of free bimetallic
coinage on the ratio now established by
law. why do you take pains to repudate
Nevada? Nevada is. and has always
been since silver was demOnetiZed, in
favor of restoring the white metal to
the place it occupied as money previous
to the passage of the mint act of 1878.
No representative from that state has
ever advocated, in either house of con-
gress, any other doctrine.
I'm your Elmira speech you advo-
Gated free bimetalllc coinage. In your
Albany speech Oh New Years eve you
advocated the repeal of the act of 1890,
which gives the people more money by
the difference between silver certifi-
Gates issued on the coin of s24, 900. 600
worth of silver per annum and the
amount of treasury notes issued in the
purchase of fifty-foar million ounces of
silver bullion each year. You also pro-
pose to deny to the farmers and planters
Inc D0nent OF the
Enhanced Price of Silver,
Of which the value of their product is
measured, knowing fully we'll that the
increased demand, under the act of
1890, over the requirements of the Bland
act enhances the value of silver.
The lead of Nevada for silver coinage
was odlous to you, although the lead of
the chamber of commerce of New York,
,fo45 No. 80 a. IL
you follow with alacrity. The gold
merce, demands the repeal of the act of
1890. You re-echo that demand and ad-
wise Mr.. Bland, the chairman of the
house committee on coinage, to obey it.
If he will do so and pretend to he for
free coinage while leglslating to limit
the use OF silver, you assure him of the
respect. admiration and support of the
Democracy of New York. Are you
aware, MI. Hill, that this is
the old story. People of the
South and West have been assured
ever since silver was rejected as money
of the respect and admiration of the
operate with the representatives Of the
gold trust IN contracting the real money
of the world to gold alone.
There is no doubt that every specu-
lator in Asiastc products who buys
cheap silver in the United States coins
it into rupees, or Aslatic money, or ex-
changes it at par in Asia into wheat,
cotton, or other products, and
Pockets the Difference
will admire and support any Western
man who Will aid IN perpetuating this
eXtortion. There is no doubt that every
great banker of New York who invests
or collects on foreign account, and is re-
Quired by his European patrons to col
lect in dear money will admire and sup
port any Western man who would be-
tray his constituents by restricting the
use of silver.
Your Elmira speech, stripped OF the
suggestion of the employment of the
pie, would have met with the I'M
bounded gratitude and admiration
of the producers of wealth in the
United States. l am so much i'm
pressed with your utterances in favor
OF free bimetalic coinage that l pre-
pared letter of congratulation to you,
and only refrained from sending it on
account of the concluding proportion of
that speech, wherein you suggested the
possibility of obtaining a partisan adj
vantage by non-action during the pres
ent session Of congress, because the
president and a ma ority of the senate
popularity sure to follow the free coin
age of silver. / did not at that time
suppose that you were
Playing a Part
in harmony with the gold trust and in
concert with the movement inaugurated
by the chamber Of commerce of New
York ran nf Of
Hill, have you discovered that that act
must inevitably lead to bimetalic coin
age to prevent the depreciation of sill
yer? Do you know that there are nearly
five hundred millions of silver coined in
the United States, including billions
awaiting coinage, and that no means is
provided by law for the redemption of
treasury notes issued under the act of
1900 Of except the gold and silver coin
received for duties and taxes and the
silver coin produced from the bullion
acquired under that act
Has the gold trust ascertaiEed that
there is no possibility, under existing
law of accumulations, sufficient gold to
pay the national debt and redeem the
outstanding greenbacks and legal ten
der treasury notes issued for the pur-
chase of silver, without very large use
of silver coin for such purposes?
do you see that the legislating law
must inevitably force all parties to adj
vocate free bimetalic coinage? If YOU
do not understand the situation, the
gold cOntractiOnistS do. In order to pre-
vent the passage of free coinage act.
they propose to repeal the law of 1890.
Sorry for David.
81 am sorry, if you are really In favor
of free bimetalC coinage,as declared in
your Elmira speech, that you have fall
en- into the trap set by the gold trust
and are now willing to aid them in their
efforts to cOnfine the real money of the
world to gold alone. If the Democracy
of the South and West adopt your policy
and make retrograde movement at the
present session of congress people will
place little confidence in promises
to restore free coinage when your
party shall have obtained control
of every department OF the government.
Those who are for free bimetallc coin
age on the ratio established by law are
for it now and at all times. Those who
are against it advise the people that
they must wait for favorable oppor-
tunity.
LET measure you, my dear sir that
the restoration of silver to its place as
money has been delayed for more than
/ fifteen years by excuses, many of which
were more plausible than those YOU
present, and that the people come to the
conclusion that persons who are good
Gates of free coinage"