St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-07-15
ALLIsON'S HOWL.
The Senator Blames Democrats
for Republican shortcomings.


United States Senator Allison, of
Iowa, arrived Ill the city yesterday
morning On a visit to Senator Wash
burn. Senator Allison expressed him
self as delighted with the appearance of
the Flour City and of the state of Min
nesota generally. He descanted extend
eddy Oh the fine prospect for the grow
ing crops, and added TO the reports
given him here for the outlook for the
DakOtaS and Minnesota glowing ac-
count OF the prospect in Iowa. They
will have, the senator says, a fine crop
OF all kinds in that state.
OF the upperiuoSt topic of silver, and
the approaching special session OF con-
greSS for the avOWed purpose of repeal
of the Sherman law. Senator Allison
said:
"Tbe country is expecting that con-
greSS will not repeal the whole of the
Sherman law, but merely that part of
it calling for the regular purchase of
silver. To this step all ought to be
willing to go without any hesitation,
and they will most probably. unless
. trouble is made by the silver fellows.
All that congress at the special session
should do is to repeal the purchasing
clause of the Sherman law and then
there are so many things to consider
that will require time to see what
should be done in order to secure q
permanent currency that will be equal
and just alike to all. The daily eX-'
changes of the affairs ana business of
the people requires S100,000,000 and
this must be provided for, and be-of
such character as TO be stable and
within reach of the people. Silver is
ROW very low, but L do not think
it can go much lower, even il
we do stop its purchase. The whole
world uses silver money to large eX-
tent, and will continue to. as we all do;
ali ! the problem with which we are to
be confronted is how TO arrange so as to
secure its relative parity with gold. For
this we will require all the experience
and Information we can command.
Take France. She uses more silver
than we do, with her population but
3S,0OO,000 against our 6S,G00,000. The
Bank of France contains $3.50, 900. coo of
coin on which it issues paper currency,
and you can draw the coin on any note
above five francs, but the bank has the
option OF paying the note in gold or in
silver. This enables the bank to uSt its
discretion as TO maintaining its coin
supplies relatively of gold or silver.
This is respect i'll which our system is
defective, and in which France has all
advantage over us. There is a great
advantage i'll this possession of central
bank having such control. Another
advantage is the Investigation of her
industries, which she possesses to so
great an extent that it amounts to the
maintenance at home of the balance of
trade. France is not enlarging her
silver, while we have continued to do so
4H Il. l,o
Senator Allison said, however, that
he thought that too much stress has
been put on the silver subject, and that
other causes were really more at the
bottom of the financial troubles than an
accumulation of tine white metal. The
chief of these, he said, was the doubt
and uncertainty of the policy of the
Democratic administration.
1t was suggested that when that line
of comment was made it was met by the
charge that it was demagogy and unfair
to the new administration. The senator
said in reply:
Yes, know. Our friends are very
tender, but we deal with the facts. Our
great manufacturers and those who are
in or would like to engage in enter
prises, have been looking ever since
it was apparent that the admins
tration OF affairs was to be
changed to see if they could find out
what was going to be the policy on the
tariff, on the currency, and on all of
the industrial questions. They have
not found out vet. No one knows what
they are going to do about the state
banks, or any OF the other things which
they declared in their platform made
one year ago, but all are quite certain
that there are many enterprises that /
they do not want to engage in if the
Democrats adhere to their platform
declarations. 1t is a singular STATE" of
facts, politically, that at this time the
only Democratic step toward restoring
confidence consists in not adhering to
the pledges made to the people,"