Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-06-04

SsAaiss Shesmaa - Silver
The speech Of Senator Sherman an Tues
day as,a "Wednesday commanded the most
| respectful aud profound attention u the
largest number Of senator's that has bsen in
asrsadaaee apon the present session Of Goa
uess No question Of greater interest TO
the people could have formed the subject
Of his .g-eeh than that of SILVER coinage
| apea hiei. he SPOKE IN mastery manner.
ifs Il right TOO, IN calling il a local question
and ore Of great importance in is eject
mon the business Interests Of the country.
Thai il IS local one is proved By the fact
| that ;t.s Republican conventions OF the
,liser producing statss have all, within
| 4 fe1 days. put ffe. silver pianks into
their platforms, ia ihr south, even
and 10 some Of the western states there
| is a too common demand for free
and anlimifed coinage, and IN the North
aat East there u a general. almost atsser-
sal protest by aepabiieans and Democrats
I against t. The recent vote in the HOUSE
| BY si.ieh the Bland bali vas set aside, and
that in tbs SENATE BY ~Eiet the Stewart bih
VAS bfogzhf To the fore, showed thai free
silver eainage was neither Republican nor
| Democratic article of faith that there
are Republicans who secept IL and Rspah-
| leans y ho reject it that there are Demo
cfats who contend for !, AMI Dtaiocrats
| si.o oppose a.
The question of silver coinage y not a
partisan one not Il political one 1t -
question of business, pure AMI simple, ami
40 greater mistake could be- male than that
Of snpposiHg that in the bnsiness community
ii il regarded in any other light. The Stewart
bill provides that the United states treas
nry shall accept the silver bullion Of any
| holder and coin il into silver dollars al
the rate Of .ixtsen to one Of gold But
| @sy- senator sherman, fine truth il that
one ounre of gold is worth more than ak
| teen oanccs OF silver An ounce Of gold
viii huy to,iay in any market IA the world
I twenty three ounces of silver aud iir aiiisd
| that the demand Of the free siiserites is
wrong 10 principle, wrong in detail, wrong
| Ia every aspeet--a fraud on the creditor IA
deception to the debtor, and demonetiza-
| ton of goi1. Il wouhl advance the pound
sterling from it, present rate of sI.-o To
something like 81, aud III. o0-irant l.ieee
To $50"
| The cause and the effect Of this demand
are most eioquentiy and ioreib!y set tofth
IN the following paragraph of senator Sher-
| mans remarkably able and non partisan
| non political speech
| And all this disturbance is 10 be caused
| for what; TO give market 10 a domestic
product Aud what Is the amount of silver
! fund 10 be drawn from \ fund of nearly
is well known that the production of silver
| il increasing enormously. The free coin
age of silver therefore, will result IN one or
two things. Either it IS i'll bring the hole mass
of SILVER IN the world mp to the gold stan
dard at IL 10 ] or gold will be dcm0ne-
TIED Is there any doubt about it: Can
there be- any halfway measure: l. there
any way by which this inevitable logic OF
results can be prevented Is there Il sena-
tor who believes thut the yaln" put on silver
IN all the countries of the world can be-
changed by our action and our offer 10 buy
that silver We might buy il and pay our
notes for il. but at the end the government
debt ould be greater than il was at the
cad of the war.
Who that has considered the Ohio state
mans clear and strong argument upon
the silver question can doubt that
it il II business, not partisan question, OF
that the mere threat of the free ard unimi-
ted coinage of silver is already doing more
than anything else TO disturb the business
of the country II il business question
that not only the great but the small CAPT
talists are concerned to have wisely, honest
I ~ answered by Congress. There is nc
| creditor in the land, no depositor in
| bank or savings hank. no veteran
on the pension list, no holder of
a life insurance policy no Garner of
profits salary. fee or wage who is not con
1 Cerneh that thu currency of the country
shall not be- ,lehssed deprecated that every
dollar issued by the government shall have
a certain steu.lfast value of 100 cents A.
measured by the gold standard. which il
recognized by the great nations of the world
As the only safe and honest one.