The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-09-20
The Vote on Silver.

The money-power has triumphed
in the house, and it will probably
triumph in the senate; and the work
commenced twenty years ago, by the
bankers of Europe, will be consum-
mated; and the world placed on a
mono-metallic, gold basis. Silver
will fall still lower; gold will rise
still higher; the rich will be made
richer and the poor, poorer; every
form of property in the world will
steadily depreciate in price; and the
multitude will move steadily nearer,
and nearer to uncomfortable suffering
and bloody revolution.
For time the money-power of the
continents will feel it incumbent
upon them to reverse the wheels of
contraction and produce an artifi-
cial prosperity, and thus save the
two old parties from extinction.
But the question is whether distrust
has not so far depleted their treas
uries as to make it dangerous for
them to expand. The rigors of
winter are coming on, and nature
will fight againt false confidence.
Already the conspirators are at work
trying to res tore faith to the people.
We read:
WASHINGTON, Aug. 28.-Secretary
Carlisle has ordered that the United
States minis at Philadelphia and
San Francisco be fully manned and
the full capacity of both minis be
utilized in the coming of gold bull
lion. The treasury department. pos
sesses from $50, OO0,0 U0 to $9O,O0O,OOO
of gold bullion which is part of the
gold reserve of $1OO,OOO,OOO. Gold
bars cannot be used as currency, so
it has been decided, in the present
need, to coin the bullion on hand.
But how will this help things?
This is part of the reserve which
cannot be paid out. 1t will not in
crease the circulation. But it shows
how close the nation was to bank
ruptcy when the reserve was drawn
down to $9O,OO0,OOO. 1t must have
taken nearly every gold dollar held
by the government. And why is it
now coined into dollars? Is it the
next step in the drama to have Wall
street present 800, 100000 of green
backs, or silver certificates, draw out
every dollar of gold, leave $2OO,OOO,-
600 of greenbacks without means of
redemption, and then compel con-
gress to issue bonds to withraw the
greenbacks? Look out and see if
this is not what these devils are
cooking in their witches pot.
And how happy England is that
once more she has bought up Amer
ica's congress. Read:
The London Morning post says
that the division in the house on the
question of repeal proves that the
greatest change has occurred in
American opinion on the silver ques-
ton, and that the democratic party
is practically committed for the repeal
of the purchase clause. How well
come this change will be to business
men this side the Atlantic the re-
cent action of the Bank of England
shows.
The London Daily News regards
the vote as serious blow for bime-
tallism dispersed throughout the
world and great victory for common
sense and single standard. It is
curious and fortunate. says the
News, that just as our currency
mongers are preaching the need of
a change the Americans have recov-
cred their senses.
The London Times in a long lead
er on the silver vote in the house of
representatives, says: ''The ap-
preaching settlement of the silver
question upon the only sound basis
will without doubt remove at least
one Of the causes Of commercial de-