Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-08-26
| AM A BI-METALLIST
Senator Hars Position on shs
Silser Question
WOULD REPEAL SHERMAN LAW
Cisssiasd scored ~ So< Suggesting
Leg.>l.slo. oshsr Thsa Repeal Of
the Parchass Claasc.

WssaiSarox. Aug. 25-Ths speech
male By Ar. HIN N the ssaate today
sas rsmarkzbls ia many respects
counencing his remarks by an ailu-
s.on 70 the presidenrs -M,lch con-
nsnEied and much criticised special
message q cougre-z" senator Hill sup
plsmsntsd the presidents quotation
( on Daniel Webster by the opening
srnfenes q snothsr spesch By the same
distinguished statesman. in which he
urged upon the ssnafe. Before ne noat
further On ths waves q this debate let
~ refer 70 ths point from which we de-
parted Adopting Webstsr's prudent
suggestion. let us frst recall the peculiar
circumstances under which We meet and
the importsnt character of the duty
Which surely confronts us AZ this hour.
Three Cause- OF Disturbance.
The EXISTING financial disturbances
may Re aftrbufed % three causes:
First. "A i natural or inevitable result
or lncidsnt. % many years OF real or
Actiiioue prosperity. Second. some por-
tion q the present panic may be traced
b a concertcd effort ON the part OF
numcfons ne,no- metalisls 10 produce u.
IN order o. further discredit silver.
Third. the sherman silver purchase law
haa been AZ least in part. and possibly
he mcst largely Instrumental IN pro-
dncing the existing c1mplications- No
one n0~ defends H. Few apokngile for
it fhs political party that enacted it
seen Cow the most anxious f0r it, repeal.
if wa & violation of every correct
principle II monetary science.
II was not even an honorable
-ompromise. It vas make
shifl. subteFfuge. a mere temporary
expeslient While the democrat nation
81 platform denounced the Sherman law
aHd demanded it, repeal. denounced not
a. the result of a truce but "a COW
srtly makeshift Mr.. Cleveland
neither In his speech delivered at Nadi-
son Square garden. New York IN an
swer % the ns,tlhcation Of has nomina-
hon. nor in his ietter u acceptance. nor
m his inaugural address in March last.
criticised the sherman law nor made
any nilrsion 20 il whatever. although 10
was then already threatening the pros-
ous results q its operation. which were
apparent % every one who had given
the suticct any careful attention.
Am n Bi-MetailisG
am a bi metallist. do not believe
IN a single gold standard nor single
silver standard. bat | do believe in the
nso u both gold and silver a. the stand
srd money q the country and IN their
Tree coinage Ia our mints at a proper
ratio. without any discrimination In
fayor of one against the other. And a.
such b. uletalliss. l favor the repeal Of
tn. Sheriusu laE because Il IL undemo-
cratic. illogical. dangerous in IL tenden-
eies and <csults. an impediment 10 FREQ
coinage and a disgrace % the silver
cause.
The sherman law Il objectionable be-
cause it directs the purchase % silver
instead oE providing for the free coinage
of silver The treatment % silver a. a
means is derogation from
ia intrissic rank a. money metal.
Esen The maintenance Of a semblance of
parity drains the treasury q its gold
where silver u purchased Free bi-me-
taliic coinaxs i essential 10 the parity of
the fWO inetais.
Reuseffy J. Repeal
AZ I have alfs4iy stated there i a
remedy for our own domestic difficulty
-.repeaI, pure and simple. unconditional
repeal
Bat delay q, appreciate the wider
scope anil foreign implications Il our in
srs'en 49, ~ irfin a hindrance greater
a.. a.. Gh.-o.ar. Iour fea.lf
tff~ai Dtitain by stopping free silver
coinage IN India interposrs perhaps
greater hindrancs 20 that resumption
thar the art q France stopping free bi-
metallic coinare in order 90 defeat Ger
msny's campaign ~ substitution in
f-7a
Great Britain defeated the renewal of
ths PARITY ~ gold and silver 81 the Brus-
ssls monetay Conference % 1so3
Greaf Britein now in fse9 il combiu
ir her ASIAN with her European power
b. prevent renewal - the parity % gold
aBd silver ~ the United States and
Franre OF other foreign powers AZ any
fufn~e tirue To create the hugest mass
~ irrurverfihle rlanay ever known may
Ioo< ike ri0u~ imbecilify worthy - a
pharazee n Besilam But on review of
rhe successive acts ~ the monetary
3ruma a statesman - serse will 'tlonbt
not through The stage a. incrsasing
parpoer runs.
The cuuatry has not tried Tres coinage
ssns.~ Il was unwittinciy ahandNnesi ~
ls13 bus q hae tried limited end re-
sfricfed coinage. silver purchaser. thu
arcunniation ~ silver bullion. and a
aerreciafcd currency Al Il which have
h.en f1r~el npcn the country by mono
mefaiiiste through miserahie comprom-
ieee ahtaireti frlm silver msn.
Why ret trr fhe oniy rpuesiy that has
90. so heen applied This great and
lager circulation pr espits thsn sny
other country N the wprld II wiA not
answer q compare the neesls - ca1r na-
ton - fa.e r>zar'l With the ed unpro-
Ef'@=ire. hoiehei nations = Europe.
vhefe re sralth - largely eontroIled
~ a iew families
>ot tacugh Currencr.
The inau 'heiencv - auv present vol
usue - eurreccT seems Z, II. evervwhere
er,asr-,i.s,f snsf ret there = an mac.
rnortatfe reiacfanre =, .sf,i,Iist rer.
nsan.nsf Fnsrciei sr.te,, p,.tsr wki,.h
thaf tefcssnrr ear - easily surrliad
Tie rrrreslfasn now hef.,r. r-.rg-es. -
s.ox tte rafiassi tansa =. ,~..ra,..
thai~ -f~rnitfisn iu rer cent .,4 49,
proposition earnestly fsv.r = sha ..,t
sssnse a a reneFsi fes1rs ~ ~ ,~sr.aa.
~ IRE c,fr-srry. ths irsasl~..4.v -
entch has fsen usfa Pa sfy 4lsa.f.sf
3nrire fiie pc sus crieis.
ar exief ~ estie = = - A t.~~-i
A. Ill te f~tsin ~ - shth a. -.
sreeras time = ~ great 3satf d .se..s
~ - eoiarxe.f hsti AIR n.str.f tn.8 est
IS itf - - - r..Fre-g.'e'i eith ih-