Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1894-05-29

necessities. They are too greatly
inclined to think that the sun not
only rises but sets in the east.
When John Sherman succeeded
in demonetizing silver in 1873, the
New York fnanciers, or rather the
gold standard adherents, Thought
they had killed the silver issue.
When they secured the uncondi-
tional repeal Of the Sherman act,
they were sure it was dead. And
when the President vetoed the
seigniorage bill, they sang a re-
QUEEN over the grave of silver.
But today it is the one vital issue
of government, not only in this
country, but throughout the world.
1t Is the one question above all
others which is most interesting
the masses and which most nearly
concerns them. They talk about
the east being unfriendly to silver,
but it is not the eastern masses.
who are so disposed; it is the east-
ern corporate and moneyed inter
ests which are constantly contend
ing against the white metal. In
the city of Boston Gen. Walker
and others have organized a bime-
tallic league that is manifesting
the interest which the majority Of
the people have in the restoration
of silver. True, Gen. Walkers
plan provides only for information
al agreement, but it is that far on
the road to public education. The
recent conference of the London
Bimetnllic League, in which Mr..
Baltour made a plea for blmetal-
lism, is an incident showing the
growth of the movement. Mr..
Balfour's remarks, however, are
only sympathetic, as L have no
doubt the Roseberry government
will continue the Gladstonian pol
icy of opposition to silver
"What relation" was asked,
docs the money question bear to
the tariff Issue in importance as
touching the prosperity of the peo-
ple?"
can effort is always being made
to show hat our tariff system is
alone responsible for the business
and industrial condition of the
country. This is not true, howev-
er. The Mckinley law. has done
its share toward producing the
present general depression. But
you will notice that in all the coun-
tries of the world where the single
gold standard prevails there is to-
day distressing depression, where
as IN countries where silver is rec
ognized in connection with gold,
the conditions are decidedly bet
ter, and this, too, irrespective of
the character or absence Of import
or export duties. This fact, to my
mind, is an argument almost con
elusive that the coinage or curren-
cy question is most important and
that the tariff is a powerful adj
junct. But, however that may be,
We are confronted now with the
question of a monetary standard,
and we shall not have permanent
prosperity anywhere on earth I'M
til we have established bimetal-
lism."
"Why is it that the treasury de-
partment of the United States al
ways redeems in gold the treasury
notes which are redeemable IN
coin?"
Every country but ours has
some plan by which it can govern,
to n certain extent, the tendency
of gold to shipment abroad. In
France, when there is reason to
suspect that gold is wanted for the
purpose of transmission outside of
French territory, coin remissions
in gold are immediately refused
and made in silver. In England,
whenever a similar suspicion is en-
tertained or found to be a fact,
the gold discount is increased so
as to make the foreign shipment
unproftable. In the United States
we have hud the bugaboo of the
gold reserve to maintain, and have
been afraid to refuse payment Of
gold on demand lest the parity
become unsettled, the reserve be
raided aud such n sweeping rise in
gold ensue IS might result in a
gold Danic. no matter how many