Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1893-07-01
THE SILVER CRISIS.

WASHINGTON, June 2s.-From the
comparatively few congressman in the
city the following views have been OBJ
tanned:
| Representative Anderson, Of West Virginia,
| said the action OF the Indian government grcat
| ~ embarrassed the situation here He was
! o free silver man. but he believed the condi'
tons Mt this time would have TO be considered
| In any legislation on the subtect that we
could not legislate on the conditions OF ten or
| twelve years ago and that congress would have
TO act in accordance with things as they find
them and not upon theories He thought
great many silver men were disposed TO agree
| 10 some compromise, but the matter OF detail
could not yet be determined upon
Representative Meredith, Of Virginia, said
| matters were complicated for the silver men
He thought the Sherman law would be re-
pealed, but did not care to guess rs TO the char
| acter OF the substitute for IT.
This action on the part OF tho government
OF India" said Mr. Boatner, OF Louisiana,
"throws good many more difficulties In the
| way Of free coinage have no doubt that had
not this been brought aOout Mr. Cleveland
| would during the next session Of congress.
have had free coinage bill presented TO him
| for his sanction or his Veto ] cannot
| tell. and no one can tell rs vet, I think, how
much the decentralization OF silver In India Will
| affect this situation. have no question In my
mind about the propriety OF repeating the Sher-
man law, but we have got TO have some means
| OF supplying money for trade and commerce
| The volume OF gold Is not sufficient and the de.
iciency has got to be supplied by another cur
rency. I am not welded TO any particu.
| lar scheme, but what the people Of this
country want is Sufficient money for bust
ness and II has get to be supplied
ttn NJ I'm Charv N nv
| congress- did so on their faith that the begin
| ming Of this congress the - per cent tax on
| state banks would be repealed For my part
| saw no reason why the two things should not
| have been coupled, and was not willing TO
| trust TO the future for action on the bank tax
| and voted against the repeal OF the Sherman
law. 1t is not silver per sc that the people
want, but 1t is sufilciency Of sound money.
| think that congress should have been called to-
| gether In April, and now we should get together
, as soon as possible"
Representative Oates. Of Alabama, SAYS he Is
hopeful Of speedy settlement Of the financial
| question when congress meets He anticipates,
| OF course, that there will be considerable trou.
| ble and that members will be inclined 10 hold
| firmly 10 the theories they have been present
| ing all along. but that the common sense OF the
| situation is to do something TO meet the condl.
| tons He thinks the most logical and common
| and the law levying ~ per cent tax on state
| bank currency. and 10 provide for the free coin
age Of silver nj such ratio as to place II at u
| parity with gold
A. J Warner, OF Ohio president OF the Amer.
| lean B!mctallic league. said: 1.-THE stoppa1S
OF the coinage OF silver In India IL the inaugura-
| ton OF new monetary revolution or rather
| the extension TO the Gar east OF the revolution
begun In ls7I-.3 in the western world II Is
No. IT,, sha arir
| II Is movement deep.seated and will be far
reaching In It's consequences. look upon this
net Of India by which the gatewavs Of the east
are closed to silver together with the deter
| mined purpose OF the monometalists OF this
country TO repeal the Sherman act. are events
frauyht with greater danger TO man than any.
thing that has before TRANSFERRED within the
century
what becomes now OF the claim that the
United States must stop the purchase OF silver
in order to force England to join in an interna.
tional agreement England has determined II
possible to force the repeal Of the silver pur.
chase law in the United States. The closing
OF the minis OF Bombay and Calcutta is u part
OF the gigantic conspiracy TO seize upon the
present opportunity to establish finally and
forever the single gold standard and 10 extend
| II all over the world
This Is the critical juncture The turning
| the United States 1t would be TO the end OF the
single gold standard On the other hand, II the
absolute repeal OF the present silver law IN the
| United States can be forced the work Is done.
| It was. therefore, deemed safer to stop coinage
| In India first
THE immediate consequences will be that
silver will fall, and gold will increase In value
| faster than ever. Prices will soon begin 10
fall In India The whole world, In time. will
faal nj af
| act OF the gold conspirators- Prices will con-
tinue TO fall everywhere rs gold rises. The
end no one can see Every advantage will
inure 10 creditors ind creditor nations En-
gland has set out 70 subdue the world, not with
| arms but with gold-by turning everything 10
| gold
In this movement II allowed 70 run its
course unchecked, there will be fine grinding
| before the mills are done. II Is y movement
| big with revolutions and is sowing the seeds OF
| ANARCHY. But will IL be allowed TO run Its
course; That depends on the United States.
| II the United States allows England 10 forever
| dictate her financial policy. rs she has done
| since the war. then We must take the conse-
| Qucnces But II the American people have any
| Independence Of character left they will not do
| 80; and II should be evident TO everybody that
the United States must finally act independ.
entity The internatio conference has gone
with the stoppage OF the minis Of India
What is there left 10 do but for the west
ern continent under the lead OF the United
States, TO unite and act independently, and
establish q financial SYSTEM founded upon
equity and calculated 10 secure stability In
| value and one which will keep an even balance
between the debtor and creditor, not one col.
| eulated to rob with impunity the debtor for the
benefit OF the creditor.
'The gold standard under this act OF England
closing the minis OF India, becomes n more un.
lust standard than ever because gold will now
increase In value faster than ever before.
national convention OF the American Rimetal-
lie league has already been decided upon for
the lister part Of August ut St Louis or Chi
,aso. This plan will not be changed unless
congress should be called together At IN earlier
late than given out BY the president"
Secretary Carlisle, in response 70 q request
10 EXPRESS his views on the financial situation
Ix.Ai Ill