Omaha daily bee., 1893-07-02

as to whether he thought MIR. Cleveaud's
action wise, be said, Tint prcspming the
latest dispatches contained correct inf5rffSas
tiop 1t wss about the cply thing Mr.. Cleve-
land could consistently do.
"If he thinks" said the ex president
tina thecountry Is IN a state Of straugula-
tion, and that he has a remedy, why the
sooner he applies 1t, the wiser he will show
himself If he thinks that he can give the
necessary relief, he had better lose no timo.
The cry Is That there is not enough money,
think that there is plenty Of money, but
that the people are holding on TO what they
have got and harding it.
~ am not prepared TO say whether think
an August session of congress will restore
confidence, which is said to be demoralzed.
There may be serious obstruction. 1 cannot
tell what may be othe extent OF MIR. Cleve-
lands knowledge on the subject, but l know
that they would not have repealed the Sher-
man law for me.
Responsible for the sherman Act.
"I think that perhaps altogether too much
complaint and stringency has been loaded on
the Sherman law. There are great many
other causes which have contributed to the
present state of affairs. In the first place,
that law was passed by majority of sena-
tors and representatives, of whom many
were outspoken advocates of the free coin
age OF silver, and many thought that its
effect would be TO place silver at 81 80 an
ounce. The democrats were entirely re-
sponsble for that
"If MIR. Cleveland thinks he has the rem
edy for coin and that he is able to apply it,
why did he not do so before3 why didn't
he call an extra session Of congress last
Aprila
III you find a man hanging, with rope
strangling him, and cut it with knife, that
Is all right. But If you wait until the next
day and then use your knife, you are open
to serious criticism That is all care to say
on the subject"
Bimetaliists In Consultation.
General A. ]. Warner, president of the BIZ
metallic league, came up from Washington
this afternoon and held conference with
Senator j. p Jones of Nevada, who is stop
ping at the Grand hotel, on the monetary
outlook
The announcement that congress will hold
an extra session August Z makes it nee
gether, and after a long discussion on
the subject it was decided to call
con ventlon of the Bimetallic league, to be
held some time prior to the date fixed for
the extra session of congress: 1t will proba-
bly, be about the middle of July. No place
for the convention has as yet been agreed
upon, but both Chicago and st. Louis are
mentioned, and General Warner said tonight
that he favored the latter.
After the conference q reporter saw both
General Warner and Senator Jones. General
Warner was asked to express himself on the
present condition of the silver question and
said: 1--WE have now arrived at the
most critical period of the century
In fact, | consider the present move
ment with regard to silver the most
important economic revolution in all history.
1t is life and death struggle, not only for
bimetallism but for metallic money. If
blmetallism goes, monometallism will
also go and the principle of the auto
matte regulation of money, that is to
say, its regulation through the production
of the mines, will come to an end.
Bimetallists favor the retention of both gold
and silver at parity, but at what ratio can be
determined only after both are admitted to
monetary use on equal terms. If, after that
has been done, the United States cannot
maintain the parity of 16 to the ratio can
be changed. as it has before"
What Senator Jones Says.
At this point Senator Jones added: "If
the gold produce and the income and credi-
tor classes consplre in their interests to
destroy automatic system by the demonetiza-
tion of one of the metals, and the only one
of the metals that promises supply
sufficient to maintain equity of contracts
and stability of prices, and to
prevent destructive rise in the value of the
unit of money, it need not be matter of sur
prise If the producing classes and the debtors
IN turn should unite to serve the other metal
in the same way"
General Warner lett tonight for Washing
ton, bat Senator Jones will remain in the
east some time longer.