Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-07-04
sHERmAN's OWN VIEWS.
The silver Purchasing Act "a Compromise
Measure Ouly.
Hy telegraph to the Dispatchl


CrrtDo Iu-. July b." There never has been
e. tue since the law of 1890, known rs the
SHERMAN ac,.' was passed that ] would not
t.tr voted ior it- rrpeaL' sgid Senator John
Sherman 80 tho Lexington Hotel to-day.
ll. ~htr.uuu act wa "a acumprom.s so measure
.rI 10 aat pIs-t-i 10 -hVc The country trOm
ir.......t4.u uiIl that lai been passed 10y tht
rels.. Dr., .u overwhelming majority. The Demo
...i- lti.cI p8s8 tst Sie.uap biil. ana noH
t..r abuse 10 aNd blame 10 ior an The financial
r..- o' rc ulu pa. lt zoe Nh,rman oill had moi
l..n Ih--rl % ftrH-'uiuay0 bui would, aud The
r.It v.l.i have boon infinitely more damaging
to fu. .uIufrf.
'W. 5.l o.tIuc what you think should be
done 800 10, present CRISIS.
">..Iv.Iuut ureic- 20 have President
Crt-.sr. aui hi- aiys'rs Gaomt arrassrd 10y
Il rI..e. llifH in.i SIR Cleveland and MIR.
O...t.r fl-t SOD. -t1ud win tucm for sound
ts'.. stable .Ifrrl. s., aud tLat viii 10. But
t... -rt I..Hl.e over iAo siiV't question Is a
I.... Grass. paris l--ye AIT. Cleveland in OPP
I...- -.t.r IS rsbuug three-iourths Of his
"N.ut o., Sherman bl bs repealed"
"It.. tr... u-, u.ture D. is rcpe tiei there are
4 cps q. t. to.r warm expressions oi opinion.
i T'..i rH. u. F.rprifed 90 s'uc ot the Demo
a cta.t ..Isr' Ir. all senator's should consent
a . t.r repeal l.t fat ~ueruau at Cniy on cOndi-
t..- ttHi 500 .1ulaI-t alton might not favor. IL
a.. -il'.l ~tatt-. trl iu many Other State-, are
Il t.uxfctauHu who's. rrututgests beiisys iu
4 ire. cuIuug.. NLaf viii fhr administration DO
o. fre.-. o.uago rider o. put ON the repeating
atf uJwu south they Want more money
4 plenty o' It.lll tney are not 90 very particular
O.. 60 Nutt kiul of money H Is How wil the
tlr3-f-.ucy bem1c. .ts axe II n the repeating
.r o. .accI VIA tree Statc-bank currency
Huruimcat?
THL GfFVtuCAN ATTITUDE.
"1Lcsc are ory c0u.ertlros Gs 10 what might
naDp-r. hut they Indicate how the Democratic
iariy .iauds On iue monetary question. The
A. E.p.t..Ai. 10 Congress wul be ia the attitude,
. crr,7.n tzi-u.. oi spectators, Ou. 10 viii be
Do iaf,f- ~i'n lev exceptions Of good mouey.
"l tt.lk tue sherman law VIII be repealed,
~ tls danger is that Congress may 10 too
faf. shout tuo clause providing for tho
pm bate oi 4.5DOUOu ounces oi silver
Txuu'uly De s;ucken out Il would be we'll
b.t 70 Congress should 50 and repeal the
y.ause lTusi1lUs ths United States shall
uL.ula.H iauty between gold ana silver
coins u would "a Ise widespread dlsirust There
3. 300 ihe Treasury Jj0.UOC,0V0 oi coined SILVER
dollars aud I45,OUO,UOO IA uncoined bullion.
Tho legal tender " these coins must be pre-
serves, ana iLcir panty " gold maintained
4 Il u vel enough 10 eio2 the further
to must he tsaiutainei. Many news
4pofs seem 80 forget that for she
4 liluu from wbica the carreni silver dollars
3 .fc 'pilc1 Tie gOfcrnmeut paid only the
D. arso. price in gold at lhe date o. purchase. 20
itai O. zoe silver dollars cp,nod under the Shet-
n ., an act stani really on gold basis, and the
a g-'rfnHeni csn redeem them all IN gold now
q Nih F. luas oi only about ss,OOOOO0.'
q" " ha', in your opinion, is the remedy for the
present financial ffOuble7 %
"lne fc-tyiat0n Of confidence In the COM
tnefciel world. The present stringency 10
:aueel ~ zoe o9pfeh6nsiOn Of The mercantile
Ehd nhhneisl word tdat We viii nos meet our
obligation lh gold, bat viii pay Ia a cheap
money. believe We should have a s,uuc. safe,
currency on gOld basis No / don't think the
cessation OF silver co,uage viii brlng gOld more
Into circulation. do not think geld wiil ever
GsaiH he - much 10 circulation. H. viii be ui;-
Irsd As the reserve ana the basis on which
tie circulating me liim viii rest tor security
] thiut such currency feasible and
] am " the opinion that II viii Do brought abOnt
Tue ACTOR Of fIndia With regard 10 silver IL GOT
conclusive. It IL IN the nature Of an experiment.
Jhe lzS thai the Tapes shall BE- worth 10 pence
4 in the nature VI nat money legislation Nnd
has 20 effect h6re."
TIIg ACTION OF isDlA.
"Seither DO think tue India Council acted
NJ aid OrS6s britain 20 force she Unlied Ststos
a. ne gOia besis All the great pmmsrsiai IA
Gus hsys uied silver ana have fallo1 NJ u.
Tie uniied Ststes ID the iasl 0f them 10 realize
u.st silver cannot be made the basis aud stand
srd Oi .he worlds IDoasy. II TIE eoinKge
- slSer dollars we're stopped Hud The
netsA reissatsd 10 tho position Of sub
sss-@xy oeiassc. - ia the pations Of the