San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1893-08-09
AGAIN ON FINANCES.
JUDGE EVANS FURTHER NO
TIoNs ON THE QUESTION.
He Explains Fully the Ideas
Brought Out in His First In
terview.

Attorney A. J. Evans this morn
ing and the first question asked
was:
"Will you give your further no.
tions on free silver coinage, as
promised?"
every well" said the Judge, 81
will do so. If you remember in
my first talk / tried to elucidate
certain things, as follows:
"First, the free silver coin
age is not a main cause
for our present financial de-
preston, but the fear of free
trade tariff law by the present con-
gress is, and that the question of
the free coinage of silver is but in
cidentally connected with that
great cause.
"Secondly, that we never had a
law that placed our silver coinage
on a parity with gold, that is that
put into a silver dollar silver
bullion worth 100 cents in gold.
The Spanish milled dollar adopted
in the act of 1892 was too light,
and the standard of 1887 (4l24
grains was too light.
"Thirdly, that the free coinage of
silver at any standard or weight to
the dollar, would, if adopted. place
our metallic and paper currency on
a silver basis, and that our vast
production of silver, with what
would flow into our minis from
abroad, must produce that result,
and no other.
"Fourthly, that silver basis for
this country would retire and de-
stroy gold as a circulating me-
dunn, and depreciate our foreign
exchange with all gold countries,
to the bullion value of our silver
in such countries, and no financier
has ever been found to deny this
proposition.
"Fifthly, that for the above rea-
sons, our country can never be
brought to the silver basis.
"Sixthly, that our road out of
this question is to divide the do
main Gf l may use the word in
this cOnnection) of our metallic cir
culation, into divisions and give
the one to silver and the other to
gold.
"To effect this | suggest the
following plan: Stop our minis
in coming gold to any piece less
than $40, and as fast as our
81, $3.50, S. and $40 coins flow into
the treasury, recon the same into
500 pieces, or larger, and reissue
the same and from this date issue
no treasury or national bank note
under 500, and treat all gold and
silver certificates now in circula-
ton, and all bullion now in the
treasury, and coin certificates, as
so much gold or so much silver as
the case may be. Next by arbi-
trary act of Congress, fix the ca
pacity of our minis to coin silver
and gold per month. For illustra-
ton, say Congress by arbitrary act,
fix the capacity of our minis to
coin silver at $5,0OO,OOO per month,
or $60,O00,000 per year.
"The next step is to open our
minis to the free coinage Of silver,
but coin no pieces but half dollars,
quarter dollars, dimes and half
dimes, of the standard and weight
prescribed by the act of 1873; and
to secure the bullion for this coin
age / would take one-half from the
bullion now held by the govern
ment, including as bullion all
Bland or other dollars on hand, or
to coin into the treasury until this
source is exhausted, this to be
coined on government account; and
take the other half from depOsitors
to be coined free to their account,
and when the government bullion
is exhausted, take the whole s., 900, :
600 per month or $60,OOO,0O0 per
year from depositors.
nIn furtherance Of this plan, the
government should cease to buy
an ounce of gold and silver bullion
or receive an ounce on deposit, and
and give any kind of a certificate
to pass as money.
This silver coinage should be
made full legal tender in sums
less than $40 and between all per-
sons except to and from the gov
eminent, and any citizen of the
United States, or persons living
or trading therein, failing to so re-
ceive the same, be punished as for
crime.
"The plan being in force, the de-
mand for medium Of circulation
To fill tho vast and constantly in