Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-04-29

once brought forward nnd turned int
dollars
II ia believed by many that wien the
United States restureh silver coinage
France and other countries Will adopt
the same policy, but whether this 70.
suit follows or not the United Stntea
can safely coin every dollar OF silver
bullion likely 20 be offered for that
purpose II more should be presented
than our mints could com. regulations
could he made to scale the offers. like
the practice which prevails where bids
nre received for government bonds
Whvn II " demonstrated that more sill
vcr Is offered than our mlnts can
handle, It win also be demonstrated
whether the country VIII absorb u stin
larger amount OF silver coinage, The
demonstration VIII. In my Judgment,
nnord complete Vlndicnuon to the
friends OF silver and show that our
mlnts can be safely enlarged and
operated far beyond their present
whatever to the business OF the country.
Moui1 Drive uoid out
Under such system there would b,
no redemption OF silver IN gold, and
hence no opportunity TO capture Ameri.
can gold fur transportation To Europs
na undor the sherman law There would
be no redundancy OF the currency. ans
hence no depreciation Of silver cuinG Il
drive gold out OF this country By
natural causes. Thut there Is nothinl
Ia tie mere coinage OF silver TO drive
gold out OF country is shown by N,
experience OF the old Bland act undei
which, while We were coming allNel
dollars not rcdecmnhle in gold, GU
gold coinage steadily Increased
Hut suppoRo you should not he fun
satisfied with these calculations IL 4
statesmapHhip 10 fold your arms Ia IN,
presence OF the. stagnation which nov
hrooda over this country, bllndly de
pend upon the chance OF some other re
lief, and bewall the prospect q
cnlnmitles IN silver coinage which Il
real can be so promptly Averted2 ii
aftai We began the experiment OF silver
coinage, the disasters which III
enemies now predict should threaten
we can stop Il IL one of the chimerni
Of those who light silver 10 auppos,
that when ita unlimited coinage Il
once commenced, the country NJ bound
helnleHAly to continue IL ut every hazard
II a special session OF congress coula
repeal the sherman purchasing not
while neNrly one-hulf the people pro
tested. II could more quickly relieve III
when free ana unlimited coinage wni
undertaken II u began TO thrust upoI f.
the country deprecated money Free
and unlimited silver coinage by inter
national agreement OF course would be
preferable. but Il Is vain to expect II
Conference after conference has CONT
e. nothing, Such q suggestion merely
means more diplomacy, more delay
more expense, and more diaappoint.
inent TO our people, Gladstone. IN,
premier OF England, IN speaking ON liz
proposition 10 reoonvone the Brussei
conference, hardly a year ago. aaid
England ~ interestingly the great
creditor nation Of the world. suppoat
there IF not year which passes over
our heads which does not largely add e
fUf tHI llflflTh lnNpNtfNlpfN a
| am almost afraid to estimate tho
total amount OF the property whict
the United Kingdom holda beyond this
limits of the United Kingdom but OF
this ! am well convinced that II is moi
10 be counted by tens or hundreds Vi
| millions"
Then discussing the question OF inter
national silver coinage. he said. .
think II " rather serious matter q
ask the country 0Dnglnnd) to consider
whether we are going to perform tnil
supreme act OF eelf-aacrlfice." And
again, speaking OF other oountrieat I'VE
have nothing to pay them; We are moi
debtors at ALL we should get no com,
fort, no consolation out OF the sub,
etitution Of an inferior material OF
cheaper money which we could obtain
for leas and part with for more. We
should get no consolation. but the con.
| ISOLATION throughout the world would
be great" 'rhaae are the views OF
man who III all his private relations
~ broad and benevolent. and such
Views have for thrce-quartera OF a
century controlled. and win continue "a
control British statcamanship The
same self interest Will act IN the same
way upon Germany and Holland.
The American ratio though assaiied
by some is more unfavorable to silver
than that of any other nation. II we
started our minta Mt full capacity, II
would take Us several years to put as
much silver money in circulation as
France maintains at par ON a ratio
Of IS IL TO l. And those who complain
OF tho bounty the miner Will reeelva on
his 30 per cent worth OF bullion should
remember that under the scheme OF
International agreement at 10 1-2 to l.
the bounty would be still higher, The