Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1893-02-21
NM EAvOns FREE COiNAGE.

AAAAA MAAA
OCCASION TO make a somewhat ex-
tended speech on the silver ques-
ton. His position cannot be
mistaken. He is in favor Of the
free aud unlimited coinage Of
silver and does not believe that it
is necessary for this government
to wait for an international agree
meRt in regard to the silver ques-
ton. The following extract from
his speech delivered in the senate
chamber gives a pretty good idea
Of his position:
Everything has been done ex-
cept the old, the only thing. Coup
ling at a fixed ratio the two free
coinages, that Of gold and that of
silver, long created their perfect
parity; while it continued. parity
continued; when free bimetallic
coinage ceased, parity ceased. The
gold half of the worlds money
was dislocated from the silver half.
When their coupling in a compe-
tent free bimetallic coinage shall
be renewed, their parity will be
renewed.
There Is no reason in history or
science to suppose that anything
can establish parity of the two
money metals except the free BIZ
metallic coinage which created
and maintained their parity.
There is no reason in history,
science or common sense to call it
an experiment or to fear il would
fail.
The most perfect and unhuctu-
ating parity of gold and silver
ever known, n parity stable and
prevalent within any nation using
both metals and between all ma
tons using either or both, owed
origin and efficacy to the free BIZ
metallic coinage law of u nation
and one alone. There was tr9pi-
dalton in the souls of two or three
good men when California and
Australia gave up their new gold
to merge with the old silver and
gold of mankind, but there was no
trepidation in that parity.
Neither national nor interna-
tional free bimetallic coinage is
an experiment for it is history
that each has kept stable the par
ity of gold and silver throughout
the world.
have said nothing as yet upon
our choice between endeavor
toward free bimetallic coinage in
dependently, or with foreign coop.
Grafton. Obviously the choice is
quite Indifferent provided that our
free bimetallic coinage independ-
emily were successful in making
prevalent everywhere one ratio OF
parity between all gold and all
silver. Free bimetallic coinage
executed in the minis of one nation
must be effective internationally
by the prevalence of its ratio uni.
versally or it has no reason for ex-
istence.
1t must be competent free bime-
talIic coinage, actually making ouI
silver in the white dollar every.
where equivalent to the gold in
the yellow dollar, and vice versa
1t will not do to fail of parity Oh
either side even IN the way we
failed when before 1873 our gold
dollar being worth 100 our silver
dollar was worth l03.
Some fool might be secretary OF
the treasury and not know that
the trouble was a conflict between
mint ratios.
l say competent free timetable
coinage, for it is as sure that Swift.
zerland could not alone maintain
it for all the world as that France
did.
My own personal conviction i;
clear that with adequate prepare.
ton, revised laws and competent
and friendly administration, indie.
pendent free bimetallic coinage
would be within the power of the
United States to establish anC
MAINTAIN, and for my own par
l should far prefer that solution
with no entangling foreign ALLAN.
ces OF agreements, to any interna.
tional agreement whatsoever.
We do not half realize the over
whelming power of the United
States. TO have survived tn,
finance of the last thirty years il
proof of our stupendous resources
and our Independent power. Mere
ly to have lived through two and
half years of the Sherman silve.
purchase and treasury note ISSUE
law without an actual smash; jus
10 have escaped without farmer.
and planters bleeding to death by
the postponement of free bimetal
lie coinage is proof enough wha
adequate preparation, revised law
and competent administration
might have achieved for us anC
all the world in that behalf"
THE Colorado Legislature will
II visit New Mextco this week The,