The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-04-30

ton of silver coins to drive gold
out of this country by actual causea.
That there is nothing in the mere
coinage of silver to drive gold out
of a country is shown by the ex-
perience of the old Bland act, under
which, while We were coming silver
dollars not redeemable in gold, our
gold coinage steadily increased.
But suppose you should not be
fully satisfied with these calcula-
tions. Is it craftsmanship to fold
your arms in the presence of the
stagnation which now broods over
thir country, blindly dependent up
on the chance of some other relief,
and bewail the prospect of calamltles
in silver coinage which if real can
be promptly averted? II, after we
began the experiment of silver coin
age, the disasters which its enemies
now predict should threaten we can
stop 1t is one of the chimeras of
those who fight silver to suppose
that when its unlimited coinage is
once commenced the country is
bound helplessly to continue it at
every hazard. If q special session
of congress could repeal the Sher.
msu purchasing act, while nearly
one-half of the people protested, it
could more quickly relieve US when
free and unlimited coinage was I'M
dertaken f it began to thrust upon
the country appreciated money.
Free and unlimited silver coinage
by international agreement OF course
would be preferable, but it is vain
to expect it. Conference after con-
ference has come to nothing. Such
q suggestion merely means more
diplomacy, more delay, more ex
pense and more disappointment o
our people. Gladstone, the pre-
mier of England, in epeaking or
the proposition to reconvene the
Brussels conference hardly year
ago, said England is interestingly
the great creditor OF the xorld.
suppose there is not year which
passes over our heads which does
not largely add to the mass of
British investments abroad. | am
almost afraid to estimate the total
amount of the property which the
United Kingdom holds beyond the
limits of the United Kingdom, but
OF this am well convinced, that it
is not to counted by tens or hun
dreds of millions. Then discussing
the question of international silver
coinage he said: 81 think it is rather
serious matter to ask the country
of England to consider whether
We are going to perform this
supreme act of self sacrifice" And
again speaking of other countries:
Ne have nothing to pay them;
We are not debtors at all: we should
get no comfort, no consolation out
OF the substitution of an inferior
material, of cheaper money which
we could obtain for less and part
with for more. We should get no
consolation, but the consolation
throughout the world would be
great These are the views of 8
man who in all his private relations
Is broad and benevolent, and such
views have for three quarters of a
century controlled ard will con.
tinue 10 control British statesman.
ship. The same self.interest will
act IN the same way upon Germany
and Holland.
The American ratio, though as
sailed by come, is more favorable to
silver than that Of any other nation.
If we started our minis at full ca.
pacuy 1t would take us several wears
TO put as much silver money in cir
culat.on as France maintains at par
on ratio Of l5t tol. And those
VINO complain of the bounty the
miners will receive on his so cents
worth of bullion should remember
that under the scheme of national
at l53 to l the bounty
would be still higher. Tie proposed
silver dollar of international agree.
ment Will have less silver in it than
'he present American dollar, and if
there is fat in our dollar there
would more fiat in the international
NOllAC. hn ONLY 4