The herald., 1895-06-30
They Were Asked What Action
Congress Should Take on
the Money Question

gold and silver going side by side and
each performing its legitimate Office.
Gold must not be driven out of the
country by free and unlimited coinage of
silver, nor must silver be driven out of
circulation b. the gold-bug interests.
True bimetallism is to use all the sill
yer that can be put in circulation, either
in the metal itself or silver certificates
without making our nation an exclusive
silver country. II silver is not kept on an
equality witt. gold, mer will pay out sill
YER and hoard gold.
j.. "As to the unlimited free coinage of
silver, l believe, were it adopted, we would
experience the most disastrous panic this
country has ever seen.'
w. II. HOLIDAY,
Assistant cashier Southern California
National bank:
1T Is beyond question that the United
States wants bimetallism and the finan-
clai world needs it. But tor the United
States alone to resort to the free and un-
a;a.1 limited . coinage OF silver would be sui
cldal nnancial move, and the damags
oone by such course would entail far
more disastrous results than ten panics.
such as that of 1893
~ am in favor of the free coinage of
silver upon any basis that will maintain
the parity OF the two metals. Such a
plan seems possible only through interna-
tional agreement. 1t would be very fool
ish for the United States alone to resort
TO free and unlimited coinage of silver
with the European nations pursuing their
present course regarding silver. Nearly
all the European nations are anxious to
exchange their silver for gold. and thew
would rejoice at the chance to make such
a change with the United States. Only
the very worst result can follow any effort
upon the part of this country alone to
coin silver without Limitation.
I'm the everyday business world, de-
mand and supply regulate trade. We
should see the demand for gold long and
the supply sholt; for silver the supply
would be very long and the demand lack |
ing. In short, we should find ourselves |
working with single circulating medium
in very brief time.
IF the result would not be so disas-
trous and far-reaching. 1 would be in |
favor OF telling the rabid free coinage men |
to go it and see. as the boy told tie calf. |
The boy was sent to the pasture to
bring home COW and calf. After work.
ing for some time to separate them from
The rest of the cattle, he became desper-
lance and then attempted to start the
'alf IN the pame direction. The calf.
however. persisted in following an old
steer. After chasing the calf and the
teer about quarter of mile, the boy be-
'ame exhausted and stopped. Out of
y u e":li anu out OF humur he hnally yelled:
90 1T, drat you, and when you set hun
,ry you'll see what kind vi mother
'ou've got.
+. L. DUQUE,
resident Main Street Savings bank:
II am in favor of the gold standard or
ny standard that will sub serve the best
interests Of the country.
AS to legislation on the question, tnat
best left alone. Money matters are
o7ern'd BY economic laws greater chan
he edicts of any lee islature. Let silver
r any other metal seek its own level in
he CONNIE: cial scale.
My experience IN the southern repub-
cs where silver is the sole money
ledlum has taught me that silver is as
ara to get as dear money is elsewhere.
Inc United States as nation cannot I