The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-06-23
rnnn,lMn,c FINANCIAL VIEWS.

New YORK, June 22-EX Senator Georgt
>. Edmunds, when asked for his views Oh
The present financial situation, SAID:
Il lave no legislation to propose beyond
the repeal of the Sherman law, and TIE
return TO the monetary laws which exist
ed before 1878. / have no doubt tnat the
oneration of the Sherman law has helped
TO bring about the present crisis W Nben
we passed the Sherman act we were be-
tween the devil aud the Geep sea; some
thing had to be done. a crisis was I'm
bending ] voted for the measure ana am
willing to take my share OF the RESPONSE
bility. although ! was not personally IN
favor of it, A canvass showed Us that II
we did net pass the act the silver men
1vould pass a free silver bill. About three
fourths of the Democrats and one-iourth
ot the Republicans would have voted Tor a
fee coinage bin. ] voted for the Sherman
law to prevent "A financial crisis or Tree
silver bill The senators from New lork,
New England New Jersey and Maryland
voted for the bill for tie same reason. L
urped in the caucuses that the operation
of such an act be limited TO five ana then
to ten wears, but the amendment was not
accepted.
81 believe that If we had let the crash
come the country today, even with the
thermometer at 90 in the shade, would
would have come and we should have re-
covered. | tnluk il would be well to go
back to the currency law which existed
before the Bland law. Gold WAS coined at
the mint free or charge. Silver was also
coined upon the payment OF the SelShlor-
age by the owner Of the bullion, and II nos
enough for the needs OF the currency was
presented the secretary OF the treasury was
authorized TO buy in sufficient quantities.
In this way the demand and supply regu-
lated itself aud silver was not driven out
of use. do not believe IN dispensing with
silver II such an arrangement can not
be made, why not fix new ratio between
gold and silver based on he present mar
ket yalue1 No such ratio would be per-
lnitted. 1t would have to be changed IRON
Time to time a. the production OF gold or
silver increased, buJ l think fair ratio
fixed now would last for twenty years. L
have not much faith IN the settlement Of
The currency question by international
congresses The European idea OF the use
of silver is different from ours.
What is your opinion of the Hawaiian
question ?"
Il am not ia favor of aunexing Hawaii,
but think we should take good care that
10 other nation gets the Islands. it we
should annex the islands lJ would Ouly be
A question OF time when we should admit
them as state They would then have
two senator's aud be as powerful IN the
Senate as the state of New York. This Is
only one Of the good objections which
have been offered. / think we ought TO
make a close treaty, practically establish
ing a protectorate over the islands"
What do you think OF the Russian
treaty ,"
''It is good treaty There is no danger
that political criminals, as known in this
country, will suffer. AS to those who put
poison IN the cZar's tea, throw booms
into his bedroom, or blow up the trains on
which he travels, think that there is no
objection TO turning over snch political
criminals for punishment. The Russian
people are not III IA condition Tor another
form OF government, except an autocracy.
The colored population OF the south at the
close of the civil war were better able TO
eule than are the Russians today"