Great Falls weekly tribune. [volume] (Great Falls, Mont.) 1894-1???, 1894-12-21
CURRENCY SYMPOSIUM.

Tie Baltimore plan for the revision of
the currency was duly promulgated.
Secretary Carlisle read his opinion ca
the subject and Lad it endorsed by The
president, but the end is not yet. There
are quite a number of financial experts
in the east who are not satisfied with
the proposed solution of the great diff
Guilty. These gentlemen are pow hold
ing a Symposium with the banking and
currency committee of the house of
representatives, and they appear to be
enjoying themselves. All agree ia the
main with the Baltimore plar, bat each
differs in detail 10 such an extent that
the plan is surely doomed to defeat.
The financial disease is an acute one,
and the doctors who are diagnosing the
case cannot agree upon a remedy. 1t is
a bad outlook for the patient, but, as he
is a healthy subject. there is no question
but that he will survive IN spite of the
nostrums that may be applied. The
present is a stage of experiments, and
when they have all failed, as they surely
will, the common-sense doctor will put
in an appearance and resort to heroic
measures with a satisfactory result. The
Wall street quacks are looking and talk
ing wise about an elastic and voluminous
currency, to be issued by state banks
and based upon a ludicrously small
deposit of cash to secure it's safety or
redemption, but they purposely avoid
any mention of a metallic currency
whose intrinsic value is apparent on its
face. A currency that speaks for itself
and needs no security, a currency that is
as old and stable AS the government and
which must and will pass current in ali
the marts of trade. The silver dollar
needs nc insurance at its back. All it
peeds is that the government shall say,
This is a dollar, bearing the stamp of
the United States, and that stamp makes
it for all purposes the equal of any coin
that circulates in the financial world"
1t will then be a solid fact and will need
nc elasticity. It's value will be measured
and backed by the credit of the greatest
nation in the world, and it's volume will
only be limited by the needs of the
people. 1t will not be subject to huctua-
tons, it will neither contract nor expand,
but will roll on serving its purpose and
giving assurance that the dollar of our
daddies is the proper and safest and best
currency that can be devised for the
benefit Of the people.
The bankers Of the east in their sym
postum seem to have lost sight of these
facts. They are having their innings
now and suggesting their plans without
taking into consideration the great and
growing and productive west. Ia doing
this they are reckoning without their
host. The most cheerful sign of the
times for silver is that the eastern bank
ere cannot agree among themselves. In
the meantime the western bankers have
about decided that it is time for them
to have a say, and a convention will soon
be held and a plan formulated in which
silver will have a show. Behind this
movement will be all the producing In
terests of the country, and when it ie
prepared and presented it will be for.
midable enough to demand careful rec
ignition. 1t may not succeed in passing
congress during the present session, but
it will pave the way for the battle of '9G
in which it will be the direct issue be
fore the people, when it will carry a.
sure as the election is held.
The news from Washington indicates
that Mr.. Carlisle's "~elastic currency
will die a-bornin' in the house. This i
a hopeful sign. The goldbugs do no