San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1893-08-09

Il
ulation would have abund-
ant silver coin to meet all
demands and carry on all
their offices; and say what you
will in the very best medium of
exchange in all small transactions,
the very money of the people at
| once safe and convenient.
"Just at what figure the arbitra-
~ capacity of our minis should be
| fixed, and how long ran, should
rest on a we'll considered act of
Congress but certainly fixed at
such an amount and run such time
as to give our people a full abun-
dance.
ain this plan there are weak
points. This l see as well as he
who may criticise.
"For instance, the gold bug men
say that this vast silver coinage
will fill the country to the eXclu-
sion of home gold circulation. Ny
answer is, | do not think this sill
yer coinage will effect our gold cir
culation at all; though it will our
paper circulation; particularly our
national bank bills, by taking their
place.
"But concede our home gold cir
culation may be reduced; these
gold men must stand it; for does
not the plan leave our entire for
eign trade to be carried on in gold?
''The free silver coinage men will
howl at the plan because there are
no dollars, and because the coinage
is not a legal tender for all sums.
"The answer is, true you have
got no dollars, but instead thereof,
you have two halves, of a standard
and weight of which you have new
err complained, and gold bugs never
questioned, and you must, in can
dor, admit that silver, in sums of
$40 and over, is very incOnvenient
tender; and to make silver legal
tender for large sums, will drive it
out OF circulation and into banks,
whilst the proposed plan gives sill
yer clear field of circulation, in
conflict with no other money; and
YOU are compelled to admit the
fact, first or last, that any large sum
of silver is not intrinsically worth
as much as so many dollars
in gold. The very inconvenience of
moving from place to place, $1,000
in silver is so much greater than
the same amount in gold, gives
gold the greater value; and the
falsity with which a money me"
dunn can be used at different
places in the shortest times, is one
of it's chief values.
"But besides ali this, sooner or
later, all men, even the Colorado
screamers, must see, and recOg-
nize the fact that ours is govern
ment for the people; and there is
no law or edict compelling the
government to coin all, or even
any part of the gold or silver bull
lion they may own; and that in
the matter of the coinage of either
the white or yellow metal, the
necessities and conveniehces of
the whole people of the United
States are W De COHSulleu
and conserved; and not the will
or wish of the holders, owners or
purchasers Of gold or silver bul
lion."
"But if this free silver coinage
question is not a cause of our
financial crash, why is trouble first
hard in the west where there is
but little said about the tariff, and
not in the east where all our great
manufacturing interests lie"
asked the reporter.
"The reason for this is obvious.
These western spectators have
always drawn their loans from the
east becoming alarmed at the idea
of ruin from a free trade tariff law,
soon to be passed, have not only
ceased their loans, but called in
their money and the west, unable
to come to the demand, tumble in
bankruptcy.
"a free trade law has not passed
yet, when it does, down comes the
east and north"
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