The Forrest City times., 1893-09-01

own selfish interests: men who reyel in hard times: men who drive harsh bargains with their fellow men in times of financial distress and men wholly unfamiliar with the true prin- ciples of monetary science
 Third-The sherman sllver-purcLase law has been at least in part and possibly the most largely instrumental in producing the exist ing complications. No one now defends 1t. Few apologize for it. The political party that enacted it seems now the most anxious for its repeal. It was violation of every correct principle of monetary science. IL was not even an honorable compromise. It was makeshift, a subterfuge, mere temporary ex- pedient. The president, in his message, not desiring at this time, for obvious reasons, to offend the sensibilities of those who had voted for it. politely called it a truce
 It has been asserted that the president him. self in his hostility to independent free coinage was disposed at one time to regard with favor or acquiesce in the provisions of the sherman law which had been the instrument or means by which such free coinage had been defeated. Whether this be so not the fact remains, and has not escaped observation. that while the democratic national platform denounced the Sherman law and demanded it's repeal denounced it. not as the result of a truce, but as cowardly makeshift-yet Mir. Cleveland, neither in his speech delivered at Madison Square garden, New York, in answer to the notification of his nomination, nor in his sub seQueHt letter of acceptance. nor in his in augural address in March last, criticised the Sherman law, nor made any allusion to il whatever, although it was then already threat ening the prosperity of the country with the dangerous results of its operation. which were apparent 10 everyone who had given the sub ject any careful attention
 Mir. Hill then gave his personal record on the silver question, and then dis cussed England's opposition to a single standard, and continues as follows:
 would myself accept the idea that the An glo- Indian ulSase is merely monumental British stupidity. if it were the first act in the none tary drama instead of fourth.
 Great Britain defeated the renewal of the parity of gold and silver at the monetary con- ference of 1878.
 Great Britain defeated the renewal of the parity of gold and silver at the monetary con ference of 1881.
 Great Britain defeated the renewal of the parity of gold and silver at the Brussels none tary conference of 1892
 Great Britain now in 1893, is combining heI Asian with European power to proven renewa of the parity of gold and silver by the United States and France or other foreign powers at any future time To create the hugest mass of inconyertible money ever known while posing as money purists may look like pious i'm. becility. worthy of a Pharisee in Bedlam. But on review of the successive acts of the none tary drama, statesman of sense will doubt not through the stages an increasing purpose runs" admit for I afirm that the British new w-fangled theory of gold monometallism is an ignorant, insular weak minded theory. like their theory of taxation without representa- tion before l776; like their theory of impress ments for the British navy from American ships before 1sl2 like their theory of irrespon sible naval intervention to assist the disunior afn1h hlfDr 1ul. phf ff<V of 1871.
 It will be observed from what has already been stated that the permanent remedy for our financial difhcultes is return to bimetal lism which existed prior to 1873. It has been stated over and over again during the present debate, especially in the other house, that the country has tried the experiment of silve, coinage and that it has proved a failure. and that therefore we should now return to gol6 standard.
 Why not try the only remedy that has moi been applied? This great and growing country of ours needs much larger circulation per capita than any other country in the world It will not answer to compare the needs of our nation in this regard with the old unprogress i've finished nations of Europe where the wealth is largely controlled by few families.
 The insufficiency of our present volume ot currency seems to be everywhere conceded, and yet there is an unaccountable reluctance 10 cs- tablish permanent silver system under which the deficiency can be easily supplied
 The proposition now before congress to al low the national banks to increase their circu- lation 10 per cent.-and which proposition ] favor-is the outcome of a general desire for an increase of sae currency. the in sufficiency of which was made plainly mani fest during the present crisis To that proposi tion itself there is little objection, yet there is a spectacle presented when we witness that those who are the most clanorous for such in crease at the present junctgre are usually hold ing up their hands in holy horror and solemnly protesting against any other increase of the an increase of silver money-as imitation" when in truth both sil yer and gold are money metals absolutely in capable of imitation.
 I do not propose to discuss to any extent tht matter of ratios because do not believe that the time has arrived for it's serious considera tion. If the existing ratio Is to be changed a' all the feasibility of which at the present time is of great doubt it should not be enlarged. but diminished. and put at f5 to I. so as to cor respond with the ratio under which the silver pieces of the countries composing the Latin union are coined
 The enlargement of the ratio by this country involves the re coinage of nearly all our silver at a tremendous loss. else its absolute re- tirem ent. which would be disastrous; while g reduction of the ratio to 15Is would enable us to recoin at profit. and thus place our silver pieces on the same plane as those of European countries.
 Mir. Hill then pays his respects tc the presidents message:
 If l telieved for one mon ent that the repea of the sherman law would injure the cause O bimetallism and be the means of placing O. tending to place the country upon single golt standard should never vote for it. but would as earnestly oppose it as l am now favorins it.
 IL is to he regretted that the president was not more explicit in his last utterauceS He