The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-07-07
TALK OF THE TOWN.

Senator r. F. Pettigrew of South Da
kota, spent Thursday in Great Falls, ant
on being shown about the falls, mills
and townsite generally, he declared that
there is no young town in the country
that he has seen, so certainly destined
for a great future. He was amazed with
the extent of the water power, of the
coal fields, and other natural resources.
and when he saw the crops on tho sur
rounding farms he predicted that this
would soon be the garden spot of the
west. Senator Pettigrew is one of the
wheel horses for free silver in the United
States senate and is greatly incensed on
account of the turn affairs have taken in
the last few days. In conversation with
a TRIBUNE reporter, yesterday, the SEN
ator said:
MY own belief is that the Now York
bankers are chiefly to blame for the
present situation. They are at every
crisis a disturbing element to the coun-
try's finances. Among them are a LOT of
men who have no country, no patriotism
and no God. They are the great mis-
chief makers, the men who spend all
their time scheming to get the advan-
tage OF their nelghbors. When an effort
was made to fund the 4 per cent govern
ment bonds at 3 per cent during the adj.
mlnlstration of President Hayes. a great,
roar wal made by those men, and they
nave been lighting silver at every sten
from before 1913 to the present time.
certainly not vote for the repeal of
the sherman law because | am CON
vinced that silver alone, even under this
ueIectlve law, has saved us from bank
ruptGcy' Australia was a single gold
country and we all know the
which has swept it from side to
sue. france with her S1O0,OO0,0O O of
silver currency is always prosperous, s
and so should we be if we had a similar I
system. 1t is the sheerest de- {
luslon and nonsense for England to talk
giving India a gold currency, d
gold is not to be had c
in the world. People seem
TO lose sight of the fact that this conn q
try alone, which ought to be the mot !,
prosperous and buoyant in the world, 81 +
per cent of all the business transacted is !;
lone on a credit basis, and only 8 nor T.
'ent on a cash basis. Banks utter loans ~
IN certain kinds of collateral security -
this immediately becomes a part of l.
helr capital, so that the moment there
S a Hurry OF any kind in the financial
vorld n the banks call in their loans I
mere Is a hopeless contraction of the \
and even men with ample re- u
ources md it impossible to get accom- c.
NOTATION. This is the sort of thing we p
re now experiencing, and the only DOS L
Die remedy, In my opinion, is TO in p
rease the volume of currency hv the q
use Of silver. 1t is not at tc
II necessary for us to wait to see what "
nc rest Of the world means to do about
liver, or about the monetary problem. l.
We have our W needs and we have n
efore us the example of France. which !.
as withstood the German indemnity !,
nd the Panama canal and is yet in a ~ -,
ontented and happy condition. En- ",
the chief of the gold basis coun- e.
les, is one OF the worst depressed. and "a
or action in all these matters is that of "
re Lender who is determined to keen II,
nc debtor well in his power. If the -
law is repealed | am afraid
lere Will be very hard times before any G,
=" hipNo Gan De UldIe. but | am in nc
lpes that this agitation will lead to the 81.
Institutional reconciliation of silver" ov
*M# az
Hon Paris Gibson, speaking on the Al
me subject. to a TRIBUNE man yes sh
rday said; at is just as well, in nv Of
onion, to have the SILVER question Mi
ought to a crisis once and for all, al.
ough the consequences may be Sc BE
re on the country Ms a whole. AT We,
lgth we are certain to evolve the best I, r
q most perfect monetary system il the he
'rld, because the wisdom of the Amer. ",
n people will combine to produce that tn;
suit. The domination of foreign ma. wa
MS IN these matters will be gradually lin
Meantime we must be pa tic
nj and make the best Of the present heI
We il Great Falls have lit. rjo
to fear. We can manage very we'll -
lply by tho development of our own A.
ources, and it is quite possible that ' u
lei Is much nearer than most of us ,nl
~
Jars 10 cents a gallon at the Bee 90S
Store. 50;