The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-04-03
POPULAR DISCUSSION.
LETIKAS E1ON EARH1ST AND IN
TELLI8ENT NkITER&
II. opes,is. OF Free silver.

TIE 0ueetlou OF Free eVvcr.
To THE Eprroa OF TEE suN-Sir: Inasmuch
A. your CORES pondent "Oid Banker" OF New
Haven seems to think that the highest merit
OF writer 10 to 90 befog or aloud his subject as
that no one can understand 1t, and a. that 10
mo seems only the attribute ola Mugwump.
and since my motto 10 " The truth. the whoie
truth. and nothing but the truth" l enclose
you my views Of the free coinage OF silver OF
which he treats.
After the close OF the civil war when the eoun-
try was left with prices inflated by the enor-
nous expenditure Incident to such coniiict'
and the return Of peace foreshadowed return
To normal copdi debtors and SPECTATORS
Jaw ruin before them. unless by some fea.
sons tho decline In prices could DO avertod and
indstIon continued. until such time rs they
might Lc able to convert their property into
money, aid nay their debts.
To Offset this so necessary result to thom.
they proposed that tho Government should
i.suo and put In circulation greenbacks to
,5OO,oOO.OOO. the amount OF the then ma
tional dobt. under the speoious pretext
Of paying the debt. This question be-
came political issue. and after It had
been fought over for several years.
aud the people had from discussion learned
that, liz stead OF payment, II was only change
In the form OF tho debt. with such attendant
dishonesty as would not be tolerated as be-
tween Individuals by any court Of justice. they
consigned the project to eternal Oblivion.
from which It has not sin been resurrected.
After wandering awhile in the realms OF dark
ness tho infiationists next saw . CLEAN. OF
meps IN athoSsh raS prosnot q ri. eoun
try. had. under the lnflusnoo OF foreign ma;
lions ceased p be coined and vas Of limited tsd
wish Of those engaged In the production OF
t tsa ss'' '' Sai lssssaasffa the
present ,s WSvre 1Sf tho the uns sS ss Sn
each Grains In which ns @
saa ' Which. s ai a they contaned but
seventy cents worth n silver were e be- re-
This N Sill passed the House Ivy IN shs Senate
made purchaser. OF silver in the market at CUR
rent rates. which wac then coined as atore-
%sat s. psSs D0 nS ss the
heS:s q: rs eoSsssss Ssss:ns , tss .' is%
amount Of sorre Ave hundred millions
IN the e''s Vaults q the rssssary and forms the
basis Of the silver certificates issued In pay
E1ont therefor. which now constitute Qu!Ie
this measure was bending efore Congress
oppS9snts eptisipssed Ios; and ais:tsr TO
sssi Q, ss Tue But no such results have
Cured. nor can they 90 long as the United
States is able to carry ont IT, fIarsntss, t9
s %sss such asy ne. sa sss po
Silly ten OF twelve hundred millIons Of
ssssa ssIss si nd ,i Ssi T %i
}cr cisSniatiou. and hsneS no sensibie inaatios
be- tnsS Il.
POUR 10Th. The profit 70 t6s doverpnsnt on
the silver thus fsr ooined is omething over
one hundred million dollars Which. under the
into the pooFsts q %ins owners T and silver
speou!s pr. pa L 9ow hspplly in tae, Treas;
Of the dndd sSS Ss
or CONT fpue IS Il il. Il least ior ! timei
Would there not be greater proprtety and
IL ae e q g
collar q wages earned rather than eJfts te
4 .na 70 ssss thuss
robSery 9, wdass and oppEsns There Is no no
"a a' %s e re
~ aast f. W. sn sG
ssn nns
II disturbs society aud destroys faith and con:
asS tnG9e
sSsosd e sSuadsas money May '"
mi.