The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-07-14
THE WEEKLY TRIBUNE.
FRIDAY JULY IA. 1893.



topic in the east as well as in the west
except the repeal of the Sherman law
and what is to be done with the none
tary system Of the country after that is
disposed Of.
Entire pages of the big eastern news
papers are given to the subject, and the
New York World, which leads the dis
cussion and seems to realize better than
is. gives the following list Of possible
substitutes for the sherman law:
The single gold standard.
Absolute free coinage of silver nt the present
ratio.
Absolute free coinage Of silver a. Il readlusted
ratio.
An imitation Of National bank notes,
State bank notes.
Currency on a gold basis.
New bonds on which t. basa new legal tender.
Grcnntack- fiat monp%j.
Currency based on warehouse receipts Of al!
kinds OF produce.
These may be boiled down to two or
three probabilities, rl icf Of which are:
\ return to the Bland law, coming all
the silver now held by the government
and making It a legal tender.
Absolute free coinage at a ratio Of 1G
to /.
Even the most malignant gold bug
papers see that the silver tide is rising,
and that they might as well try to stop
Niagara falls as to check this onslaught
of the people for their sacred rights.
Some of the silver opinions thus far
given by congressman are extremely in
teresting Just now in view of the early
converting Of the extra session. Take
the following for example:
Senator Coke .Dem.J, of Texas-I favor free
coinage Of silver, or, if that cannot be obtained,
restoration of the Bland Silver law. Alec re-
peal state bank tax.
Senator ]. II. Mitchell (liep.J. of Oregon |
am not in favor of the repeal of tn" Sherman
act unless something better in recognition of
bi-metalli-iu and Of silver as legal tender money
il substituted.
senator ". V. Allen UopJ. of Nebra-ka-I
am in favor Of the free and unlimited coinage
of silver IT the ratio of sixteen to one and a per
capita circulation of $50.
Senat r W. NJ. Stewart Silver. of Nevada
Free coinage of silver. The repeal Of the Sher-
man lsw without a proper substitute would
leavo Us with An insufficient basis of money of
ultimate redemption. and in my opinion would
be disastrous. We cannot afford to destroy our
credit by depriving debtors Of tho means of
payment. What is now required to restore CON
tidcncc is more money +" redeem with and not
more credit 10 be redeemed.
Senator j. X. Jones lDeuI, Of Arkansas !
favor gold and silver money and paper based On
coin.
Congressman Hartman of Montana
says be will vote for a free coinage bll'.
and over one hundred other members Of
congress representing all sections and
parties. signify a similar intention.
Other men are cropping and Just as
likely to support one measure as AN
other. 1t is encouraging. however, to
note that the gold bug press is sedu-
lousy doing all it can to misIead the
people as TO the strength Of the silver
forces. This shows conclusively that
they are fearful Of the future. They
may well be, for silver will be placed
whore it wa prior to 1873, or in a more
favorable position, before many moons
have waned.
Nobody whom we have seen quoted
has summed the situation up more COM
prehensively than Gen. Weaver, the
.populist leader, IN the following words:
If We are to have an independent govern
ment We must have an independent system of
finance. The princely system will not do for a
republic. England once forced this country to
off her political yoke. She 10 now
struck the blow by closing the Indian mints,
which will cause AS to issue "A second declarn-
ton of independence and throw of her financial
yOke. She is robblug u- ten fold mo @ by her
financial policies than she did in i71E by her
taxe-. We will have a triple system Of finance.
consisting of gold, silver and paper, which
hall iuclGdo tn" unrestricted coinage Of both
metals n the prose- 1t r'tiO. The change must be
no Il,ciwurk will answer. The
iollar il not in IN" metal. The coin yaluc Of
METAL money eh"uii aiwayo eAcocd its metal
;alue. lheu 1t will stay It home where it be-
Dngs. 10 make IT," metal value equal to tie
it for export a- bullion. II strikes ont the
%.nacting cIau.o ol the law which makes it
money. .
The point regarding Great Britain is .
we'll taken. and it viii be well for the Z
American people when they more fully
the fact. &