The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-07-25
senatar - Po.lt-an Il -


Senator Hlrs home paper. the EWira
Gazette. STATES Dds position rr the silver
question Zoo an editorial article That
10 i~ correctly stated there is uo reason 10
doubt. as the article bears 81. the marks
OF having been inspired by him.
Senator Hin is "a bi-uctaIist. he stands
spsarcly on the coinage plank of the ma
tioual democratic platform. he believes
in the use of both gold and silver as the
standard money OF the country. He is "a
friend of silver. but not more a friend of
ii than of gold He favors the free coin
age of silver but he does not favor the
free coinage Of silver dollar that has not
the same purchasing power, and the same
power 10 pay debts as "a gold dollar
10 is evident that he is NOT i'm sympathy
with the silver producers who want free
coinage 40 the ratio of 10 20 1. He would
not object TO free coinage at that ratio
provided silverand gold coins would circu-
lateon q parity, but he isagaiusta dcbased
silver currency He is for honest money,
and if the coinage Of silver is made free
he wants it coined at such a ratio that
silver dollar will be accepted by the peo-
pie as readily as gold dollar.
lie is against the Sherman silver-pur-
chase act He has always been against
it, and he will vote for its uncondition-
al repeal He declares that compulsory
purchases of silver bullion are the exact
opposite of free bimetallic coinage
We do not see that any fault can be
found with the senator's position on sill
yer. What the great majority of the PEG
pie want is a thoroughly sound currency.
The Senator says he is in favor of that.
The greatest sufferers from an unsound
currency are the wage-workcrs. They
are certain to be paid in a currency of
that kind, if it is in circulation, and they
cannot use it except at discount. If
they could have their wages raised in
proportion as the value Of the currency
declined they would not be losers by
such a currency AS a matter of fact,
however, they would find it extremely
difficult to get their wages increased.
fan Of the bi-metallists occupied po-
sition similar to that of Gov. Hill in re
spect to silver it would not be a difficult
matter for congress to make a settlement
of the silver question There might be
difficulty in reaching a ratio at which sill
yer should be coined, but il would not be
a difficulty that could not be overcome.
The trouble in dealing with silver when
congress meets is not going to be with
such men as Senator Hill, but with those
who insist that the coinage of silver shall
be made free at the present ratio Their
assertion Is that gold has advanced-that
silver has not declined though what
ground they have for making such an as
sertion is not apparent. The fact is they
have no ground.
They know very well that the produc-
tion of silver has increased enormously
within the last few years They ignore
that fact, however. They ignore all
facts that do not sustain their theo-
ries
Senator Hill thinks that there should
not be haste in settling the silver ques-
ton after the Sherman silver-purchase
act is repealed 1t should first be seen
what effect the repeal of that act has
With that knowledge it will be possible
to deal with the silver question more in
diligently. Nothing should be done
hurriedly. The effort should be to settle
tn equestion permanently.