The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-09-01

t%itution to selfish and individual ends,
utterly foreign to the true principles which
should govern it.
A further doubt OF the future has been
created by the collapse Of combinations"
We need not enter into details. but the
tendency to huge consultations has had a
most baneful effect-capitalization in mil
lions, when hundreds of thousands more
correctly represented value: these stocks
placed through syndicates and shrewd bro
kers, the result of which has been generally
that about one-half Of the entire sums have
been foated by loans from banks and trust
companies, thus Withdrawing huge sums
from legitimate trade and and
adding a fearful load to IA time of strin-
gency.
Third-Are there other fears yet unde-
scribed? Yes, indeed. With the vision of
millions Of unemployed working people
now fast becoming a reality, what will be
done to again set the wheels in motion and
relieve the agony of IA struggle for life and
daily bread? Is the reply to be, Repeal
the Sherman bill M have no further leg
~islatios Of any kind at this timer So say
a number of our daily solons. Others re-
peat the cry, adding, Il leave the remedial
measures to the future" etc.
Can any sane man entertain the belief
that such a course will at once afford any
positive relief? For one | do not believe it
at all. There must be provision, immediate
provision, whereby money can at once and
promptly be provided to meet the necessi-
ties of the people Of the United States.
Once before w were faced with the same
dire necessity. Europe was deaf to our
cries, and the United States promptly de-
vised the greenback currency. We existed,
carried on u awful war and really pros
pered with it. The necessities of the peo-
pie of the United States are worse today
than they were when greenbacks were de-
vised. We did not consult the ~fnanciers
of Europe then.
| see in all this present distress the exact
realization of what was prophesied as Ger
tain to follow if the world persisted in the
attempt to establish u single gold standard
and am content to profit by my present ex-
p%erience without inviting further aggrava-
ton of the existing distress by additional
steps in that direction. The bare repeal of
the Sherman bill is distinctly nothing else
than such a step. 1t is Il contraction of the
issue of money to n very large extent
money needed sorely at this time-although
the sapient gentleman whose duty and privi-
lege it is to administer this relief has lost
sight entirely of the necessities and distress
of the nation in his solicitude to save a few
hundreds of dollars in the price paid for
silver.
So far as his administrator of the law is
concerned, it might better be repealed.
But that it could and should be made a
source Of gracious relief no one can doubt.
Surely we all have but one motive in view
the real good of our country and people.
1t is silly to cry out on the one side against
the ''silver miners and ON the other
against the 'goldbugs." The miners are
but a few of the nation, and the capital
lists are in a similar minority. 1t is the
working people, the borrowers, those who
really carry on the nations life and activ-
tiles, we must consider. The I'VE" must
not be willing to see Il continuance of this
pressure which is slowly squeezing the life
blood out of the nation, and such it will be
to advocate the repeal Of the Sherman bill
without any legislation to take it's place.
Far better would it ne to adopt Mr.. Win
dom's expedient of bonds interchangeable
at will for currency or enter boldly into the
struggle with free coinage of silver and
maintenance of the parity ut all costs than
the alternative of snpine submission to the
dictates Of European bankers.
\. FOSTER HIGGINS.