The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1894-05-12
The silver Prospect Frightening.

The sentiment in favor of bimetalism
is certainly growing, not only in this
country bnt in Europe as well. The at
tempt of the administration to 'regard
with great satisfaction the proceedings
Of the meeting recently held by the
friends of bimetsIism, in London. shows
that the strongest enemies to the reha-
bilitation Of silver are watching the
signs of the times; and when q num-
Der of Chicago milIionaires, led by Ly-
man Gage, the leading Chic lgo banker,
form sort of bastard Dimeialic Irague,
in means, not that they are sincere
friends OF silver, but that they foresee
the inevitable and propose to stave it off
until England can be brought into line,
which they sincerely hope will never
be done. But that SO many vino only
few months ago were pronounced enc
mics offres coinage now propose to fa-
yor that measure under certain condi-
tions, it looks as if the political plat
forms of both the old parties will have
silver ~planks in them of very liberal
breadth.
The following letter, written by SEN
ator Dubois to friend. recently pub
lished in the Salt Lake Tribune, is per-
tinent on his subject:
"The silver Situation is peculiar one
here. Sentiment is changing very fast.
1t is dawning upon the minds ofthe
Eastern people that the financial sys-
tenn is responsible for the present in
dustrial condition of he country. The
attitude of Lodge, of Massachusetts,
shows the change that is going on. The
politicians also recognize that if one of
the great parties comes out sqnsrely
for free coinage pledges and the other
great party straddIes the question, the
free coinage party will sweep the conn
try. In my judgment, the trend of
events in Europe and this country
makes the outlook for silver more hope
fu than it has been since 1873. While
this 10 the real condition, everything is
in more or less of chaotic state. There
is a feeling among the genuine silver
men that the best policy is to let the
presen financial policy remain undis
turbed. The best we could get now
would be something like the seignor-
age bill, which would do no good and
might do harm. The feeling here
among the silver men is that neither
passage nor defeat of any tariff bill
which the Democrats may ultimate ly
agree upon will permanently relieve
the distress which has settled upon the
country They argne that when this is
demonstrated silver legislation will be
agreed upon practically by all parties.
BY silver legislation | mean the free
and unlimited coinage of silver at l53 or
16 to /, either through an agreement
with European countries, including En-
gland, or through an agreement with
slver-using countries, or by the United
States alone. Am 81 much encouraged
that think such an agreement will ei
ther be reached before 1896 or that it
will be so conceded on all hands that
the next President elected will be in
itructed to Immediately see that this
country enacts new law for the equal
coinage of gold and silver. There is
practical understanding among the sill
yer men here, from the silver-produc-
ing states, that We cannot obtain any
legislation now which would not be
detriment rather than a help. While
this is not very satisfactory. for the
present we believe that haste will be
made quicker in this way"