The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-03-07

IN the treasury and IL cost so much.
Under the sherman theory the difference
between the cost and the coinage value
is profit. or seigniorage. and that is
what is now asked to be coined.
But the Journal further says that
this silver does not belong to the gov
eminent" In the name of all that is
holy. to whom does it belong. then? The
government bought it and paid for it.
1t was holding it under the Sherman
warehouse law as security for the silver
certificates. 1t cannot be used in re-
deeming those certificates unless it is
either coined or sold. What would the
Journal do with it? Does it want to
hold that pile of silver pigs forever and
do nothing with them? We would call
its attention to the fact that it is get
ting out of harmony with Mr.. Harrison
whom it reports in its columns yester-
day as saying at Denver:
You have another interest out here
which YOU have asserted with a good
deal of vehemence and determination.
and that is the silver question. Now 7
say to YOU today what | said when |
was president, and what | have always
believed. that "A larger use of silver for
money and free coinage of silver upon q
basis to be agreed upon that would
maintain its parity with gold was good
for the whole world l do not believe
that we could run free coinage ourselves
while the European countries wore pur-
suing the policy they have been pursu-
ing with silver But my feIlow-citizens,
there are clear indications now i'm En-
gland and I'm Germany that they are
feeling the effects of scarcity of gold
and its Frustrating effects upon the in
duStrieS. l believe those two great
countries are nearer right today tina
they have been for the last twenty years.
They are all considering favorably the
question Of a larger ana freer use of sill
Yer as a money metal. and bimetallsm
has gained strength i'm England That
energetic and young emperor Of Germany
is himself considering the question of hi
metalism. l do not think that these
countries are coming to tho next silver
conference as coy maiden waiting for
us TO make the advance and holding
back. but will come with greater readi-
ness than In any recent years, and Will
agree with us upon a basis for larger
use of silver as money. / would have
been glad if this could have been accom-
plished while 4 was at Washington. 7
said to one of your senators then that il
YER upon a basis that in my judgment
would maintain it's parity as money
would rather signalize my administra-
ton by that act than by any other that
| know of. (Cheers.)
Will the Journal please observe that
Mr.. Harrison favors the larger use of
silver for money" and the freer use
of silver as money metal" and not a
continuance of the idiotic storehouse pol
icy. although he approved the law which
created it. And at the same time it
might observe that, while he neglects
to give credit for it. he admits that the
policy pursued by the present admins
tration is bringing England and Germany
to their senses, as his policy was never
able to do They are not coming to the
next silver conference "as coy maiden, -
as they came to his conference. They
will come on their knees asking us to
help them out of the calmity they have
brought upon themselves and upon the
world