St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-25
HOW TO SETTLE SILVER.
ENGLAND MUS7 S0oS TAKE yHs
INITIATIVE.
SO ARGUES SAMUEL HILL.

SO ARGUES SAMUEL HILL.
And Hc Makes q Strong State
ment OF tho Case-The United
STATES Should Not Be Made a
Dumping 0roand-Waft ana
Watch - Complexion OF the
Senate In 1895.
Special totbe GLOBE
WASHINGTON. June "a. During a
recent brief visit to Washington Samuel
hill thus expressed himself Oil one of
the living political Issues now being
widely discussed throughout the world !:
AFTER the final settlement or the
tariH question, which now seems very
near, suppose congress Will take hold
OF the silver problem. And really, of
all social ahd political problems, think
that OF silver the most vital of any now
before the public.
with wise action by our lawmakers,
silver Will be rehabilitated as money
metal within two years. and once more
take It's place on a perfect equality
with gold in the markets of the world.
say with wise action-meaninr nv
thai. no action t all by this congress.
America is the greatest iIyer-producing
nation Oh earth, and therefore has a
deeper and and more abiding interest
In the attitude OF the great money CEN
ters toward That metal than any other
nation. The equal use of silver with
gold as money cannot be long dolayed.
India. Australia and South Africa CON
stitute the Greater Britain of today. In
opposing the use of silver as a money
metal, England has antagonized all of
her Colonial possessions, aud the peopie
OF those colonies are clainoring more
loudly than even the people of this
country for the reconciliation of the
white metal. The mother country can
not long resist the pressure of the eoIo-
MES. | predict. If the American congress
eau be induced to withhold all action on
the silver question for brief twelve
months. that England will take the
lnltlatory steps toward rehab.litating
silver, and will be ready to go even a
step farther than the people of this
country now demand. Today the
American ratio is 16 to l. but in nv
Judgment England will be ready to cor.
cede l5I to 1.-The ratio of the Latin
union
Lord Salisbury. the leader of the
british Tory party.is in favor of remon-
etizlng silver, aud there is no possible
Doubt but that great party will make
the question Of silver an issue il, the
elections which are liable to cons at
any time now In England. The peonIe
OF England are suffering greater hard.
ships today than the people of America.
anu all the contemporary publications
OF that country show that no subject
for years past has attained such wide
ana Intelligent consideration among
thoughfu Englislimeii as the question
OF the reconciliation of silver.
In my opinion, with our American
CONGRESS at present. the wise policy is
the Fabian policy, For years we have
pieadsd with England for aetion-.he
time has now arrived when England
VIII be forced to take the Initiative and
solicit US. All Europe is today merely
waiting for England to act. If Europe
eau afford to wait we n-partieuiariy
with the gradual revival of business in
the United States which must at once
superyene upon the passage OF. our
tariff measure. =
Il DO not view this question through
the eyes Of the party politician, because
the silver question is surely one of bus
mess; and action thereon should be had
only upon true business basis. In nv
Judgment. ifthe present congress should
act hastily, and proceed to recklessIy
pass a free-coinage bill now. the fnan-
ciers Of England would at once see
their opportunity and postpone all ac-
ton for the present in hopes to dump a
large amount of their supsrfuous silver
upon the United States, demanding
gold in payment In the future. The En-
gilsh fnanciers are the cicarest-headed
and the shrewdest in the world, aud
they Invariably look out for Number l.
They never mix fact with sentiment,
poetry with prose. In this country the
silver question is too largely alleged
with the sentimental. We speak of the
peoples money as though the masses
had a separate and distinct CURRENCY
from thatof the current coin of the
republic. Money is money, and to be.
money it must In this day of complex
civilization be recognized as money by
all classes in all the countries of the
world. The king. the banker, the
butcher and the beggar must equally
recognize its value, or else it is not good
meney.
Let congress wait. 1t will give the
politicians more time to talk, aud if
they will only continue talking and
postpone action until one year from
next December predict that the silver
question Will have settled itself without
their interference. Then it will be the
duty and privilege Of congress simply
to register the final decree of all the
rations-and silver will once more be
the recognized money OF the world"
Mr.. Hill is president of the Montana
Central railroad. and thoroughly in
sympathy With the people of Montana
Oh the subject of silver. although his
free talk would indicate that his manner
of approaching the question is some
what at variance with majority of tie
people of the Mountain state. But
there can be no doubt that ne thorough
ly believes that the silver question is on
the eve of final and satisfactory adj
IuStmeut.