The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-07-28
CURRENT COMMENT.

misunderstood. But l honestly be.
lieve VIC are confronted to-day by
condition which will lead to results no
man can forcsce. am afraid this
condition will find you in this country
soon just as in 1861, when the over
whclming law Of sclf-prcscrvation
swept away all other considerations.
Again l say am no alarmist, but l
cannot help saying that l believe the
present to be pregnant with some of
the most serious problems which
have ever confronted the American
people"
S. B. Elk,ins. Silver ought to and
will have place in our monetary sys-
TEN. 1t is grave question whether
the United States eau afford to allow
the commerce and business of the
country to depend upon the vicissi-
tudes and uncertainties Of finding gold
enough in the mines out Of which to
coin money. Gold is, relatively in
proportion to the increasing population
and the demand, diminishing in the
world and is harder to find than for
mcrly. Would it then be sound policy
to measure values by metal that is
diminishing? This policy would lead
to contraction of the olume of mon
cy, a shrinkage of values everywhere,
certain reduction of wages and an in
crease Of the burden Of the debtor
classes. Within twenty years silver
has sold at premium in New York
City, and this may be the case within
ten years again"
W. p 81. John, President Mercdn-
tile Bank, Nc,c York.-''lt would be
useless sacrifice on the part of the
United States to lower, at the outset,
the value Of one Of our great products
in the markets Of the world, and with
it as consequence, reduce the market
value of our surplus cereals and cotton
while our present ratio Of lG to l is al
ready lower, by 3 cents on the dollar,
than Europe's valuation of silver on
which about $500, 0o0, 900 worth of
Europes legal tender coin is aaoat,
$40, 600, 600 of it constituting a share
of the reserves Of six great banks.
But suppose, il We must, the worst
possible result, single silver basis
for our currency. 1t eau be demon
strated reasonably that this result
could be but temporary; and that
England would be first and foremost
among the sufferers, while we would
escape almost unhurt. Two years of
silver as the sole primary money Of the
United States would serve to threaten
Manchester with ruin. Three years
OF it would suffice to put the German
army to frequent supprcssions Of bread
riots
Congressman Bidnd.-''lt is we'll
known that the present administration
is opposed to any silver legislation.
We have no way whatever Of securing
the legislation needed except by bill
repeating the Sherman act. Any other
would be vetoed, hence those who ad-
vocatc an unconditional repeal of the
Sherman ac. cannot expect to be re-
corded as friends of silver. Our pol
icy will be to substitute. The Presi-
dent and his friends are not opposed
to the Sherman law for the reason that
it is bad silver law, but simply be.
cause i, is silver law, and they would
for the same reason be opposed to any
and all silver legislation. We are OPP
posed to the Sherman act because it is
bad silver law, and we want to sub.
sti,ute good one for it. Tia, is the
issue, and the only issue, and the SEES.
sion will have to confront it. | be.
lievc the present panicay condition is
the result OF a conspiracy and that the
condition is attributed to the Sherman
law in order to bring about its uncon.
ditional repeal. They accomplished
the repeal Of the Bland act by the
Sherman act, now they don't propose
TO put it back to the Bland ac, By re.
pcaling the Sherman act, but TO leave
us without any law on the silver qucs.
ton, cxccp, the act Of 1873, which to.
tally dcmonctizcd it, We propose to
meet them in this fight a. We did be.
fore with the demand for the free
coinage Of silver. We don. defend
the Sherman bill, nor any law short Of
free coinage, aud free coinage must
prctodc all silver legislation.
Congressman Ptace. We find he.
fore us an administration and cabinet
and perhaps house Of representatives
now under the whip aud spur which
seem to be agains, US, bu, say that II
members Of tho cabinet from Alabama
or Georgia or Kentucky or Nebraska
oppose silver they arc standing, living
libels on their states BE not fearful
OF the ehcc, Of truth on parties when
your homes and ircHidcs arc in danger.
Every man who can wri,c-and every
man in Colorado can write, even the
Democrats or who eau buy n postage
stamp, should burden the mails with
truthful aud pleading letters to his
Eastern friends. This year, happily,
we have one advantage. Some who
claimed to be bi.mctallis,s last fall arc
now In the opposition. l,ourkc Cock.
ran announced recently tina, tho ono