The morning news., 1892-03-30
THE SILVER NAIL.
HITTING 1T sQUARELY ON THE
BEAD.


Which Party Will Adopt the suR-
gestion Made by a Pominent Busl-
ness Man That Furnishes a Solution
of the Question:
NEw YORK, March 29.-The following
article will appear in the Journal Of
Finance tomorrow:
The forthcoming consideration OF the
Bland silver bill gives special importance TO
the silver question, which is to-day tho
greatest subject before the American people.
Innumerable theories have been put forth
by various financiers. The man OF all
others. however, who has advanced the
most feasible and terse plan for the solution
OF this vexed problem, and one which is in
conformity with the best business interests
of the country, is the Hon. H.
H. Warner of New York city.
While Mr.. Warner is primarily
known for his 'Safe Cure" discovery, his
prominence in financial and political cir
cles, as a representative delegate of the ma
tional convention and his acknowledged
ability give all bis words special i'm
portance. At recent small gathering of
prominent gentlemen Mr.. Warner ex-
pressed his views on this great subject
freely. This fact came TO the knowledge OF
this paper, and an interview was sought
with the honorable gentleman. Mr. Warner
manifested extreme reluctance to giving
out anything for publication, claiming
that his plan should first be announced In
the platform of one of the great parties of
the country assembled in national conven-
tion. When assured, however, that the
interests of the country demanded the best
views Of the most reliable men upon the
paramount subject, Mr.. Warner consented
TO talk. and said:
"The treatment of the silver question, in
my judgment, should be a clean-cut, bus
iness-like transaction, and such as win sat
isfy the eastern states with their manufact-
uring interests, the silver producing states
and territories, the agricultural regions and
the capitalists OF the country in every
locality.
There can be no doubt that the agitation
OF the silver question is slowly demoralizing
the business of this country, affecting the
values of our securities abroad as we'll as at
home, and even causing, throughout the
United States generally, agreements, con-
tracts and bonds to be so drawn as to pro-
vide for their payment at maturity IN gold.
The enormous return Of our securities from
expectation of gold which has taken
place within the past few months This is
having a most detrimental effect upon the
standing Of our securities throughout the
world. You will find that the conservative
foreign investor has become alarmed at the
continual agitation of the silver question in
this country, aud has been dfsposing OF
American securities because he kuows he
can receive gold for them, while there il
dan0ar in ha ft,ttt nfh 10
PEELED to accept silver. Foreign Investors
become satisfied that inevitably there must
be depression of American securities,
owing to the determined effort OF our peo.
pie to make silver the principal circulating
medium OF our country.
"At present the subject is being handled
by legislators and the political parties of the
country about the same as physicians treat
kidney and liver symptoms"
II do not understand you, Mr.. Warner
why, 1t is simply this: They treat the
effects OF the evil without attacking the
real cause of the trouble. In other words,
physicians treat synptofns Of kidney and
liver disorders, and call such disorders dis
eases, when in reality they are but symp-
toms of kidney and liver disease.
$50 legislators and the political parties
OF the country are deycting their energies
to effects, without curing the cause, and
are thus running one Of the most productive
enterprises OF America, without regard to
the national financial health.
conscientious physicians and our most
enlightened citizsns have become satisfied
that Warmers Safe Cure puts the kidneys
in healthy condition, and by so doing the
symptoms that arise from kidney and liver
disorders, and which are treated as and
called diseases, are removed, because when
these two organs ara in a healthy condi-
tion such symptoms. which are called by
many diseases, will not be known. from
the fact that healthy Kidneys and liver
prevent the symptoms, whioh arc falsely
called diseased
$50 / claim that when we remedy this
evil, which is attacking our national health,
and the effects Of which are felt in almost
every business OF the country, whether 1t be
agriculture, manufacturing or financial,
will be benefited. from the fact that the real
cause is put in healthy condition by re-
strioting the importation of silver to this
country"
This is all quite true. Mr.. Warner, but
what do you propose as q remedyw
The gentleman thought carefully for a
moment, and then said: "a have a plan
which l believe will solve the problem com
pletely. 1t is this: To begin with, would
place noarly prohibitive tariff upon all
importations Of silver ores, or bullion, vary
ing the duty from time to time as might Ge
deemed expedient by the Secretary of the
Treasury. In short, utilize the experience
gained In this direction by tine banks Of
England and France in the regulation of the
gold circulation OF the world. By this plan
the present standard silver dollar, worth
but about 20 cents, would again gradually
advance TO its par 10 gold, as was the case
when the question of free coinage was being
ag1tated. at which time it sold at about 81 "a
per ounce, against 81 cents, the present
price. Why should not silver, which is one
OF the largest productions of this country,
be protected as well as wool, cotton or iron !
By this method our silver mining industries.
which are now being shut down, owing to
the low price Of silver, would rapidly re-
assume the prominence so recently attained.
and the demands of our country for silver
for coins and the arts would be supplied
from our own mines.h
'In other words, Mr. Warner. YOU
would properly protect silver mining In
dustries the same as other industries and
productsg'
Precisely. By this plan more than $685.
100000 worth of silver now produced annu-
ally In Mexico would not have access to
this country. Why should we be made the
dumping ground for their ores and bullion
produced by the cheapest labor known. and
which now come into this country by the
trainlcadl would then permit the free
coinage of oil siLveT produced IL, the United
States, and, although am aware that the
industry would assume proportions never
no more than is required for coinage
- l..