Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-07-05
A DELUSION
And q Snare is What air. Harter and 9th
ers Think mr. stewards SILVER BIZ
Passed Friday.

And = Snare Is What Rir. Harter and Oth-
ers Think mr. stewards silver Bill
Passed Friday.
New YORK, July 4.-The Times
Washington special says: Some Of the
free silver men are beginning to wonder
whether the free coinage measure which
the Senate passed Friday would really
accomplish what they have been aiming
al II it should become law. Appar-
emily very few Of them knew previous
to Friday that Senator Stewart pro-
posed TO offer a substitute for his orig
inal measure, and most Of them seem TO
have been ignorant Of the provisions of
the new bill. Now that the bill is in
cold type, the impression is growing
that should it finally become the law Of
the land, the free silver men would
soon realize that they had been
led into a ridiculous position.
One Senator who voted for the
bill without examining it, said last
night % a correspondent Of the Times
that he believed serious mistake had
been made. THE bill, :" ne said, "pro-
vldes that the uncoined bullion in the
Treasury must be coined. Taking the
amount on hand and the capacity Of the
mints into consideration, over three
years would lapse before any bullion,
not vet delivered, could be handled by
the Government. The man, who drew
up the substitute that was accepted,
evidently did not think Of this"
Representative Harter Democrat OF
Ohio) says 10 is the most bunting meas
ure which ever passed legislative
body.
should it become a law" said he,
''the most ardent free silver men would
soon begin 10 upbraid its trainers. First,
it provides for the stOppage Of the
monthly purchases of silver, and also
stops the issue OF silver certificates.
This ends the accumulation Of silver
month by month, and puts period to
the vicious Increase Of silver certificates.
Observe that il absolutely closes the
monthly market for silver bullion, and
is likely 20 cause the price to drop away
below SIS cents per ounce. So, you see,
the free silver people have in their zeal
killed the goose which lays the golden
Tor silver egg, and if their bill should
ever become law, the curses from the
ululus Gam - NouAN 10 4OA61 bOuSA 0AN
deep.
'Go step further and notice that
the bin orders the uncOined bullion in
the treasury 10 be coined. This will
cost say s., . coo, 600 which is, so to speak,
thrown away, but il will occupy the
mintS on Government coinage for prob
ably not far from two years and mean
while our free silver friends can keep
their silver and cool their heels on the
sidewalks. Suppose you had $780, 600 in
silver bullion and proposed TO get the
benefits OF this bill. You would take it
to the mint, but as the mint has no
storage it would be wholly impossible
Though legally and in a Pickwlckiau or
technical sense, pOsSible) for the Gov
eminent 10 take it. In other words, it
may be two years before the Govern
ment could take your bullion. 1t may
be five years.
But suppose the government does
take it: will you be kind enough to tell
me when you would get your silver dol
lars in return? Here is nice sum in
mathematics for the silver men, and af-
ter they have figured il out they can go
and buy their OK teams and be ready TO
transport their coin. 1 am satisfied
have said enough to cause any man to
see that the whole bill is delusion and
a snare.