The midland journal. (Rising Sun, Md.) 1885-1947, 1893-08-18
More Compromising in Sight.

The fighting silver men with Bland at
their head, and the emissaries of the gold
ring came to an understanding last week, to
present bill for the repeal of the Sherman
act, with free coinage amendments. The
amendments are TO be-
~ Free coinage at ratio of l6 10 l..
~ AT a ratio of II 10 l.
~ At ratio of Is 10 /.
(4 AT a ratio of 10 10 l.
(5) AT ratio of 20 to l.
With the old option OF the bullion owner
receiving bills in place of the silver dollars,
the government to keep the silver.
This arrangement it will be seen is the
old compromise method which was the Pan
dora box opened in 1878 with the passage
of the Bland act. 1t will be readily seen
there is no honest financial system meditated
in this agreement. It is simply scheme
in the interest of silver mining. We either
want silver money or we don't want il at all
represented by paper currency. The gov
eminent has now thousands of tons Of silver
bars and silver dollars ranked up in iron
bound rooms in the sub-treasuries. We
were, few days ago, shown through the
subtreasury in Baltimore, through the
kindness of friend and the officer in charge
of the strong boxes. There were holes in
the walls sealed and Tabled millions Of gold,
and other holes into which the treasure
keeper reached his hand and brought out a
bunch of $4,000 notes, and informed US
there was million and half dollars in
this package and million in that package,
etc., with rows of boxes containing half
dollars, quarters and dimes, by the cart
load, and sacks piled up behind the door
containing millions of pennies. But above
all and beyond all, TO cap the climax Of
absurdity of this absurd Financial system"
there was room 12x16 feet, if we recollect
rightly, and 10 or II feet from floor to cell
ing filled with sacks of silver dollars within
those iron bound walls, amounting to $50
tons By reading such statements we do
not so readily or SO forcibly realize the
enormity of the nonsense, as when it is
brought directly under the eye. And Bal
timore is only small affair. The same
spectacle duplicated many times exists in
Philadelphia, New York, New Orleans,
San Francisco and other cities.
But let US return 10 Congress and the
proposed silver ratios. There is but one
ratio wanted, 16 10 /, and none of the
sliding scale compromises up to 20. Any
other ratio than 16 to l would place dis
count on every silver dollar in the country
and demand recoinage, and it is readily
seen that it is not q stable financial system
that is uppermost in the minds of the pure
silver party, but the object is to drive the
best bargain they can for the sale of silver.
The people don't want any more compro-
missing and wasehousing of silver. If we
are to have paper dollars let Lis have the
pure greenback with Uncle Sam's law behind
it. No more silver 'base" and gold CHASE"
Let us have silver dollars and gold eagles, if
we are to have metal money, or kick the
metal out Of the way and let the greenback
with the law of Congress behind it take both
of their places. The people are ready for
this and always have been. 1t is the gold
money shark who wants the government to
store metal while he loans credit. Let
every populist member in Congress protest
against any such dicker as contemplated in
this agreement.