Capital journal. (Salem, Or.) 1893-1895, 1894-07-09

the usf Ot ~ hfuObk OuiHtiNto' nv"
can this be done? There is scarcely
bank in the west has silver enough to
meet the demand for payrOlls Of facto-
ries, when they are running. EN-
pIoyes on government works, the whole
government payroll ia tine war depart
ment, the navy yards, the river and
haIbor improvements, the Indian ser
vice, the postal service, should be paid
of every week in silver, as il done in
England, and other countries, instead
Of paying once in three months as Is
now done by our goverf nient In Gank
draft. This would put hundreds Of
millions Of silver coin 10 circulation
.nlong the wsge-earning classes of our
people, instead of boarding it as is done
,t present in the government vsulfs.
me press contained an account lat
week how vault at the Pbiladelphis
mint containing over fifty millions Of
coined silver dollars was opened. Ii
1ad been locked up for stven years
and the vault doors were nearly rusted
did shut. What a waste of f~rceA and
dored energy, to have that metal lyirg
there useless for all that time ! At fouI
,cr cent. it was a loss Of 81 100000 Il
say nothing OF what that money nigh
nave earned II employed in il dustrles
Or business, or IL il bad teen expended
10 m Internal improvements, or even
1een thrown into banking. Hoordirg
Il YER is good deal like a farmer
wearing heavy metal armor for hay
ng. IL IL useless waste of vital
torces. 1t ought to be in circulation IS
he common currency of the people.
But II will be said this silver is in cir
Gu alton in the form Of silver certifi-
yates. But they are redeemable IL
either gold or silver, and at present
everybody prefers gold, 50 that the re
iempt!on is practically in gold leaving
the silver useless tor that purpose. 1t
ls we'll known that any government
that conducts well regulated treas
ury can issue treasury notes on 25 per
cent of coin behind them. That Is what
the bank of England does. Is it not
time to stop the policy of boarding sill
YER upon which certificates are issued
whose ultimate redemption is in gold ?
rs 1t not time to do something to in
crease the use Of coined silver in the
,ommon everyday business affairs Of
our millions of common people?
1t Is plain to our mind that however
desirable free coinage of silver l6 to
might be, IL is now obj, c;ionable to the
business sagaciiy.of the people, who
ask, what Is the use of coming more
silver, when we are not using what is
alreay coined? We need wiser laws TO
increase the actual use of silver coin
among our sixty millions of people and
thereby create demand tor the bull
H. W. ,aa1 fO AaualDD tho hNnna
market for this one of the greatest Of
American products. We need legis.
lation to increase the use and demand
for American silver abroad as we'll as
at home.
II congress exercises that power
wisely and succeeds In putting hun
dreds of millions of silver In circulation
at home and succeeds In inducing oti er
countries to become increased con-
sumers OF American silver, then, 10y
March 4, 1897, when an adminlstra.
ton more friendly to American silver
interests shall go into power, our coun-
try will be In better position TO
undertake single-haudcd free coinage
than at present. II our government
and our people, cooperating through
wise legislation, can bring silver to the
position In the worlds markets, which
Il occupied before Mr.. Cleveland was
first inaugurated president or any
W. ere near 1t, we are ready for fes
coinage,