Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1892-06-23


salmon in Alaska.
MIR. Morrill, asked and obtained indefinite
leave OF absence from Tuesday next, and
then addressed the Senate in opposition 10
the bill to provide for the free coinage of
gold and silver.
He began by promising that he would
fill the oass of the Senate as little as posi-
bio with what Shakespeare called ''dam-
neble ite,ation.n Morgau's free coinage
resolution had evidently he said, been
pushed by that senator with some comic
hopefulncss that tho senatorial democratic
candidates for the presidency would remain
IN the chamber to have their votes counted,
and not seek by flight into the boom proof
smoking room TO escape from all harm.
But tho skilled marksmnn from Alabama
had net winged single presidential bird.
No friend CT sound money mad cause to be
apprehensino about the most extended dis
russion, OF about the final result.
When lie WAS told by men sane upon all
other subjects that the United States alone
could scloiy assume, Notwithstanding its
present impaired digestive organs, the risk
of unlimited SILVER coinage OF the bullion OF
all mankind he was forced to admit, much
as he was wont to admire this glittering
Fourth of July .iaunty jingoism, that he be-
leved that the United States would suffer
an ingior:ous surfet, and that it would turn
out that we hod boon only used like the
cat in tao liable, to pull the chestnuts out
OF the fire merely to save the paws
Of monkeys abroad from being burned,
while deprociaIod silver here would still be
appreciated silver.
# had hacn supposed that there wa9 ono
point upon which oil senator's were agreed
the necessity of an international bi-met-
ellie asreement-and he confessed that
was his strongest hope of deliyerauce from
niouo-metaiisn But now the conspicu-
Dus !eader OF lree coinage from Nevada,
tStowarU had disclosed the fact that such
an agreement was no longer to DO sought
after, or even tolerated, but to he dis
lnissed with cOntumely. The rn0bis OF the
recent Iro-silver convention at Washing
son did not want it, and this showed con-
2usively that the design was to thrust
Epon the country at once, il possible
ihe silver standard of all legal tender mon
ey There never had been a time more
auspcous for the solution of the
byor problem than the present.
All the leading European nations
bad accepted the invitation for an inter
national monetary conference. With u
president beyond all question earnestly in
favor Of bi-metallism, there was ample
guaranty that persons would be selected on
the part of the United States TO conduct the
1ntcruational agreement with efficiency and
with fidelity TO every interest OF the
country.
And yet, if free coinage OF silver was os-
tabiished before an international agreement,
there was no nation i'll Europe that would
give the subject consideration. They would
al. gladly leave to the United States and
India the possession of the great white ele-
phant. When tue partisans of free coinage
OF silver talked abont bi-motallism they
meant good bye to all but silver. All else
would have to get out Of the way.
THO conteAtion that the United States
could add 30 per cent. to the value Of silver
throughout the world by the free coinage OF
silver dollars containing 37lf grsins Of pure
silver TO the full extent of whatever silver
bullion may be attracted to the United
States minis, or be presented from all quar-
tiers OF the world, to be coined and held
forever imprisoned in the tombs OF the
United States treasury, and there to sus-
tain Il legal tender paper circulation with
the full value of any other dollar, was
teat Of hardly less extravaganza than would
be patonu project to warm the moon by
setting fire to a wood pile on Pixies Peak
The government now purchased silver
and paid for it all that it was worth; but
the silver corporations insisted thut il
oHOu'H w Pu' NH'''i III "hOI'y uH4!lihteO
amounts and at price liked by law % pei
rent above what any other purchaser woult
pler. lie meant That by free coinage o.
sAVer, the owners OF SILVER bullion would
TecAYe dollar Tor that which could nov
be bought ct % cents. Never IN American
history had loanable money been cheaper
than to-day; SO that the complaint atou
the de"rnoss OF money was nIanltestly I'm
founded. Inc business OF the country would
not be Increased by increasing the plethor'
D. money, especially OF deprecated none,
that would require three dollars TO cove
the present power Of two.
The bane OF all commerce, as we'll as 0
Al. domestic business was unsound, vhcll
latlng and deprecated currency. The un
soundness OF tho transferable mortgag
bonds authorized TO be issued with the guar
Euty OF the Argentine Republic was til
primary cause Of the failure Of the crea
banking house of the Earrings in London
which proved 10 be t financial thurderbol
heard around the world" And, Just no,
camo another big crash in Jondon-th