Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-06-01
WHAT DAVID B, HILL WANTS,
FREE COINAGE OF SILVER BY IN
TERNATIoNAL AGREEMENT.
HE FAvoRs A RATIO OF 1919 TOT
HAS READ sHERMAN's SPEECH
AND GIVES IT A RoAsT-wANTs
AN HONEST EFFORT FOR Sill
YER.



Senator Hill today was asked wheth-
er he had read Senator sherman's
speech on the monetary question.
Yes" said the senator. 81 have care
fully perused Senator Sherman's Zanes-
vile speech on silver. II an Ohio DEM
ocrat had made the speech there would
have been condemnation all along the
Republican ranks the implic alton
startled me, that there are in n pros
porous state like Ohio, Republican
voters who wish to degrade our dollar
standard, repudiate one-half of our
public debt and pay their debts in
cheaper money than they promised to
pay.
II have not met such voters In New
York. 1t is difficult for me to believe
that majority in an American state
or in an American congress will vote
to create new dollar merely in order
that debtors may evade the payment
OF one-half or one-quarter or any per-
centage OF what they owe and have
promised to pay. That would be worse
| and more indefensible than the crea-
| ton in 1862 by Senator Sherman's party
of the full legal tender greenback dol
lar. Then the country was in the
| agony of civil war, but now there Is
profound peace. Reputation of pri-
vate contracts had not been attempted
in our history until 1862. Whether our
standard dollar was silver or gold or
both 1t was from 1902 to 1862 an honest
standard, and undegraded standard.
Senator Sherman said at GAINESVILLE
what was news to me-that for four
| teen years after the resumption of spe-
| Gle payments while the Republicans
were In power We had gold. silver and
| paper money passed current in all
parts OF the world.
Il had never known that from 1850
until 1884, when Cleveland came in, our
| silver dollars and greenback dollars
We're exportable like our gold dollars.
one OF my objections to our present
: government making full legal tender
silver and greenback dollars is that
] they are not eXportable. L would eX-
terminate forever the greenback dol
lars which make the chiefest of our
currency woes. ' would by interna-
tional bimetallism. by free metallic
coinage on ratio OF 10 1-2 to l and not
by Senator Sherman's bastard bimetal-
| ism exemplified In mis- lew of 1880.
now repealed, lift our standard silver
dollar into a worldwide parity with
our gold dollar. would thereby put
an end to the degradation of any coin
ed dollar of uors. | would not have
as now. one ratio 10 to for our silver
| dollars and higher ms now for our
minor silver. l object 10 sber-
mans misdescription of the bimetal-
ism of 1872 which on an international
ratio of 10 1-2 to ! advocate.
1--WE have suspended the compulsory
treasury purchasing OF silver and coin
ing OF silver dollars. urge 1t In the
interest of International bimetallism.
The suspension is said to be working
in Europe to that end. 1t has per-
suaded Bismarck. II could have my
wish / would not have the treasury
purchase an ounce of silver or coin an
other silver dollar under existing con-
ditions till the possibility of !nterna-
tional bmetalllsm on ratio of 10 IL
| TO has been fairly tested by 'he whole
power OF the United States eNcrted
ernestly and in good faith by their
congress, their president and cabinet
their secretary Of state. their diplo-
matte and consular agents every
|