Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1893-07-13
WHAT ABOUT SILVER.
ALL SORTS OF SCHEMES ARE
PROPOSED.
Foes of The white Metal Considering
the Concessions that They w,il He
Called On to Make by the Friends OF
Free Coinage

WASHINGTON. July ta.-Treasurv
officials are specializing on the proba-
bic character of the concession which
the free silver men will demand for
the withdrawal of their opposition to
the repeal of the sherman law. Every
prominent free.silver man who has en-
pressed his views on the subject de-
clares that the free-silver forces will
not permit the repeal of the sherman
law until they have secured legisla-
ton of an acceptable nature. But no
one of the free-silver men has yet
stated clearly Just what concession
will be acceptable. a review of the
probable concessions demanded shows
that they range from an out and out
free coinage bill to the o'nage of the
silver bullion now in the treasury.
The coinage of the bullion in the
treasury will, IL is believed by some
officials, be the concession agreed
| upon.
There are IFS, 0O0, 900 ounces OF sill.
yer bullion now in the treasury. This
cost the government little over Slli,-
900, 900. IL coined it would amount by
| reason OF seignoragc To about 500.
100000, thus increasing the circulat,
ing medium about $40, 900, 900. IL is
the fact of the increase of the circu-
lating medium that leads TO the belief
that sufficient number of the con-
sentative silver men will come into
the administration ranks to secure the
passage of the repeal To coin this
amount of bullion viii require about
five years
Among the other concessions pro,
posed is one suggested by Representa-
tive Cultivate of Ohio, who believes
that the most satisfactory solution
would be the passage Of the bill pro-
viding for the coinage of 500, 600, 900 IN
subsidiary coin. This proposition, it
is claimed by its advocates, would
meet with great favor among the
farmers and the workingmen in the
south and southwest, where the free
silver sentiment is equally strong.
Moreover, it would have the advantage
of being an exceedingly good financial
speculation on the part of the govern
ment to work up some Of its vast store
of pig silver into silver half-dollars,
quarters and dimes.
Another proposition is that Senator
Vest of Missouri, who has announced
that he will introduce bin providing
for the free coinage of silver at the
ratio OF twenty to one, The present
ratio is sixteen to one, and when Sena-
tor Vest made his announcement sew
eral weeks ago he calculated that the
increase proposed would make the
value of the silver dollar equal TO that
of gold. Since then, however, the
| price of silver has so much deprecated
as to make ii necessary to increase the
ratio to % 7-l0 to ! in order to make
the silver coin equal the gold. This
would go far toward making the silver
dollar decidedly unwieS.y coin to
carrysaround.
1t is believed that there. will DC a
great many bills introduced immedi-
ately congress is ready for business by
individuals who will imagine that they
| discovered the panacea for the present
financial ills. Should this be SO eau
Gus of the free.silver men will DO
called and an effort made to deter
mine on some single bill upon which
they can all exert their strength.