The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-01-15
PLEADING sILVss s CAUSE.

The national executive silver COM
mittee tonight issued the following
address:
The nstional executive silver com
nittes in session at Washington
declares that continued experience
demonstrates that there can be no ade-
quate or final solution of the money
question but by re-endOwing silver
with the money function and making
silver coins standard money, co-equsl
with gold for all money uses.
The present policy of making sub
sldarY money OF silver to be redeemed
in gold and OF pling continually higher
the fabric of credit and credit money
on a constantly diminishing basis OF
gold, IS unsOund and unsafe ana must
come to an end. The enormous
increase in bank credits and other
forms Of credit currency in recent
years, relatively to the volume OF gold,
in which they are ultimately redeem
able. imperils financial stability every
where and is a standing menace to ali
business enterprises. for under this sys-
TEN PaniCs must occur more certainly
and more frequently, and be more dis
astrous when they do occur What is
wanted Is lot more credit currency
relatively TO standard money, but more
standard money relatively to credit
and credit currency broader basis OF
primary money and not a higher SUI
Psrstructure of credit devices. This
can be secured only by making silver
and gold cO-equal as money metals
with the coinage OF both on equal
terms.
The address then criticises the act
Of July Il, 1890, in the sharpest terms;
declares that the gold basis is con-
stantly rising; holds that god treated
as silver is now being treated, as
shapeiess Jumps of metal, would act
the same way, and predicts continued
rise in the value of gold. 1t closes:
The bugabOo OF foreign silver coming
here no longer alarms Intelligent men
Under free coinage, silver would be
1923 an ounce here; it IS sI.3S IN India
and with open minis would be SI.S3 IN
the states OF the Latin union, which Is
the value Of all the coined silver OF
Europe.
The requirements of England and of
the continent for silver TO pay balance
to the east would not be materially
changed whether "A profit of The differ
ence between 50 cents and SI.3S were
made Onche silver sent There or only The
differences between 81. 29audSI. IS India
absorbed quite as much silver in the
years before the fall OF silver here as
/ since then and Will continue to absorb
( both gold aud silver. But whether
! our silver goes abroad at % cents OF
SI.29 Is quite material to this country
not only from the direct loss on the
/ exported silver, but on the far greater
( loss sustained on the price of wheat
and cotton and their manufactured pro
ducts which have followed and viii FOL
/ wellesley the rise and fail OF silver bull
/ lion, for reasons so often explained. II
wheat at the present time is less iuflu
enced by the price OF silver bullion chan
cotton sit is due entirely to the Tailur,
of the wheat crop in Europe 1t tht
value OF silver heie should tall {,
80 cents an ounce as il probably would
if demOneuZeu as gold monom etalIists
! would have 1t, while It's purchasing
power among twO-Uhirds of the p0pu
laJiOn Of the giOOs continues at from
Sl.33 to S1.S5. then the production o
silver in this country should be mad
a crime, IS its continual production
and sale here at a low price Will,
used 10 other countries at the hIgl
price would be obstructive Of our agrl
nltUral and manufacturing interests.
The silver question, therefore, is al
issue and one that vitality concern
, the welfare not only of the indus5rIa
classes, but Of business men generally
and it viii not down at the bidding o
any party nor can 1t be ignored. thrus
aside or lodged. 1t is a living Issu
and must De met and settled and th
only permanent settlement OF it is tn
restoration OF Tree bi-meJalIic coInag
l or the ultimate abandonment of tn
principle Of automatic regulation @
money through the production of tn
precious metals