The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-09-12

seigniorage now in the vault of the treasury
into Is to 1 silver dollars, and thus in
creace the silver circulation by about
$52,OOO,OOO. This with the increase of 10
per cent Of the capital of the national
banks would give us about $1O0,000,0OO
and two dollar silver certificates
into silver dollars and would
purchase the silver necessary to do this.
l would then from time to time coin all
the silver that we need at a ratio of 16 to
1. and it will be found that the regular
business increase in a country so rapidly
growing as ours would, in this manner
practically consume the entire product Of
the American mines. This would solve
the silver problem and give us plenty of
silver money, and it would Increase the
circulation to the extent demanded"
The sherman Law Not the Only Trouble.
do you think the present financial
trouble is attributable to the Sherman
laW?'
"Partially, yes, but by no means wholly
so. | think, however, that that measure
is sufficiently vicious to be gotten rid of at
once and for this reason L hope that the
senate will dispose of it with as little delay
as possible. No good comes from contin-
ued debate on the question, and until this
is out of the way, it is impossible to get to
work to the establishment of a permanent
basis of finances. Hence, to my mind, the
Sherman law should be repealed at once,
and it's repeal should be accompanied by no
condition. 1t must not be understood how
ever that our present financial troubles are
to be attributed solely to the Sherman law.
This is by no means true. The great I'M
DERIVING cause of the present financial dis
tress is the reckless manner i'll which the
republican party ran into dependent pension
business, pledglng the government TO the
navment of millions of dollars every year,
for which it had made no provision. Such
tremendous exhaust precipitated upon
the country without warning,
aud without any provision to
meet it is the chief cause for the trouble,
and the Sherman law simply emphasizes it.
II acted like a medicine being put on the
skin of q mans face TO bring out sub
cuticle disease, and the minute the Sher-
man law touched the sore spot, the patient
broke out all over with the dependent pen
sion disease.
An Income Tax.
"What is the remedy .,.;-
n general levy of lan increased tax SIMPLY
for general revenue purposes, pul let inc
INK be levied for the speclhc purpose OF
paving the dependent pensions; Let US
ind out what this pension bill amounts
TO- and levy an income tax 10 meet 1t;
] will chcerfully pay my part OF IT. ana
am sure the south wall NOT hesltdte 70 40
so. In my opinion, such an income TAX
would 60 Il long way toward solving the
nrobIem under discussion and bring the pen
sion administration to solid basis where
NV Hose who are entitled to shall re
ceiye support form the government ms
would head off the bummers' and 1t would
do it in short order.
''Do you think the business men ,r; ~ .c crw
with YOU in your views concerning the re- re-
neal Of the 10 per cent tax on state papKS:
YES. i think So said Mr.. swami H.,
They are becoming much l., more ea liberal .hal
III 10 Ironositions than formerly. They
fuIlv realize now that something must
be e'' done and that there must be n more re
money. and l am sure they are re?dy 70
corporate for a conservative soiq h,,ono 81
the questions now asltauns the puS'leSS
world "