Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-08-10
&C. STERL g. co.
Ceaseess Toiers for Trade.

Unless government bonds are to be constant
ly issued and sold to roplenish our exhausted
gold, only to be again exhausted, II Is apparent
that the operation Of the silver purchase law
now IN force leads In the direction OF the entire
substitution Of silver for the gold in the gov.
ornmont treasury and that this must be fol
lowed by the payment OF all government obli
cations in deprecated silver
At this stage gold and silver must part com
rany and the government must fail In It's cstab
lishcd policy to maintain the two metals on a
parity with each other
Given over to the exclusive use Of n cur
rency greatly deprecated, according to the
standard Of the commercial world, we could
no longer claim o place among the nations OF
the first class, nor could our government claim
a performance OF its obligation, so far as such
un obligation has been imposed upon II, TO
provide for the use Of the people the best and
safest money II, as many OF Its friends claim,
silver ought to occupy higher place In our
currency and the currency Of the world through
General international co. operation and agree
ment, IL is obvious that the United States will
not be In q position 10 gain hearing in favor
Of such an arrangement so long as we are will.
ing to continue our attempt TO accomplish the
result single handed
The knowledge In business circles among our
own people that our government cannot make
It's HAT equivalent TO intrinsic values nor keep
Interior money on a parity with superior money
by It's own independent efforts has resulted In
such u lack of confidence at home, IN the
stability Of currency values that capital refuses
its aid TO new enterprises while millions
are actually Withdrawn from tho channels OF
trade and commerce TO become idle and unpro
ductive In the hands Of timld owners Foreign
investors, equally alert, not only decline to
purchase American securities, but make haste
| to sacrifice those which they already have
II does not meet the situation TO say that ap'
| prehensiOn IN regard TO the failure OF our
| finances Is gruuudless and that there Is no
| reason for lack Of confidence In the purposes
| or power Of the government In the premises
| The very existence Of this apprehension and
| lock OF confidence however caused Is menace
| which ought not for Il moment be disrcgnrdod
Possibly it the undertaking we have in hand
were the maintenance Of specific known
| quantity of silver ut q parity with gold, our
| ability 10 90 So might be estimated and gagged
and perhaps, in view Of our unparalleled gro m
| and resources mi hit be iayorably passed upon
| But, when our UyowCd CndeAvor 10 to mlinl
| such parity In regard to. an amount Of silver in
creaH ,ng at the rate Of sO,WGNO yearly, with
no fixed termination to such increase It can
hardly be said that a problem is presented
whose solution is free from doubt
The people OF the United States are entitled
to O sound and stable currency and to money
| recognized as such on every exchange and In
every market OF the world Their government
| has no right to iniure them by financial eXpeh.
| mouts opposed to the policy and practice Of
| other civilized states Nor Is IL justified In
| permitting an exaggerated and unrca souublo
| reliance ON our national strength and ability 10
| ifuparilze the sounlucss Of TIE peoples money
| This matter rises ahnve the plane Of party
| p litics It vitality concerns Cvory bushes, ana
| ca lin ar, Cnte,s cvur} household Ia the lrud
There Is ono important aspect OF the subject
| which especially should never be overlooked
At times like NE present, when the evils Of
unsouul finance threaten us, the spccula'of
may anticipate a harvest gathered from tine
cisior uacs of others the capitalist may pro-
tect himself b. boarding or may even mud
prunt In the huctuauion Of values; but the
wage Garner, the first to be injured By de-
| TrsCiatod currency and the last to receive tho
benefit of lis correction, Is practically defense
less He relies for work upon the ventures Of
confident and cOntcnted capital This failing
him. his condition is without alienation, for he
can neither prey upon the misfortunes OF 9th
erS nor hoard his labor,
| One Of the greatest statesmen our country
has known, speaking more than fifty wears
ago when o arrangement OF the currency had
caused commercial distress, said he very
man Of all others who has the deepest Interest
In sound currency and who suffers by mis-
chievous legislation In monetary matters Il
the man who earns his daily bread by hi
daily toll" These words are rs pertinent nov
Us on the Gay they we're uttered ana ought /,
imprcssiveiy remind us thata failure In the dis
charge OF our duty at this umo must especially
iniure those Of our countrymeL who labor ant
who because OF their number and condition arr
entitled 10 the most watchful care Of their gov
ernment
II is OF the utmost Importance that such re
lief as congress can afford in the exis ting situn
ton be Afforded at once The maxim, I'll
gives twice who gives quickly" In directly ~
, plicablc II may be true that the embarrass
, ments from which the country is suffering arts
as much from evils apprehended as fro1
Z those actually existing We may hope, too
that calm counscls will prevail and tina
, neither the capitalists nor the wage Garner
viii give way 10 unreasoning panic and saC
rlnce their property or their interests undo
Z the influence OF exaggerated fears. Nevertht
less every days delay In removing one OF th
A plain and principal causes OF the present stat
/ | OF things enlarges the mischief already don
. and increased the responsibility OF the govern
ment for its existence. Whatever else tn
. | people have q right 10 expect from congress-
= they may certainly demand that leglslltio
a condemned by the ordeal OF three years d.
astrous experience shall be removed from tn
Z statute book a. soon us their representative
1 can legitimately deal with II
a IL was my purpose u summon congress I
! special session early In the coming SsptombC
that We might enter promptly upon the work {
A tariff reform which the true interests
), the country clearly demand, whi,h so largo
4 majority " the people, as shown by the
y suffrngcs desire nnd expect aud To The GccIu
Il pli,hment Of which uvlrS e1lrt OF She prcsrI
a , naturalization is pledged hut whie tlru u
. form has lost nothing Ut It's tnm 'dit'u aud pei
!. nanont Importance, aud must IA thu noar Il
n turC engage the attention ~ c1ngrt5t u Ia
a seemed TO mo that the anlnciI condition q
v the country sDoul at once an before all olhi
4 subjects be eunsid red BY yoIr honorable bod
!. earnestly recommend tho prompt repeal
10 the provisions OF the act pissed july u, lse
n | authorizing the purchase OF silver bullion, az
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