The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-12-04

II believe this could DO quite READILY 30
eomphshed py the exchange og 'fhes1sn notes
nor Shaosu' 7pApes nonus "a einsa, ~ well
" ,aEe peafinR Y ieW fabo
~ nm, ,mso u Il.
lncy shoulg pe long serin ponds. mus
increasing thelr uesirapinty ~ ihvest-
tnents, and because tnei- payment eoufa
pe Wei postponed 70 pefiou Tar removed
i.oln present. hhhnciht puraens anu per
pieallp's, When win incfsasea prosperity
and resources tney wouid 20 more easily
met.
10 further insure the cancellation Oh
tnese notes anu also PROVIDE way py
iWhicn goin may pc aaaed 70 cur currency
IN heu OF uhen, feature IN we plans
snouid pe an autnorley gwen 70 tne secfe-
Larry 81 the treasury % dispose 81 the ponas
hpfoaa y necessary 70 compiete tne CON
tempiated redemption and eanceiiation,
permitting MIN 70 use the procecdsoi sucn
ponas 70 take up anu cancel any o. the
notes Thai may DO IN the treasury or thao
may De received py tne government on any
account. the increase o. our bonded dept
hvoiveu IN ehis plan would DO amPiy com-
pensated by renewed activity and enter
prise IN All business circles, tne restored
eonhdence az nome, the reinstalea taien IN
our monetary strength abroad, and tne
summation Of every interest ana industry.
Bank Tax should be Keduecd.
"The currency Withdrawn by the retire.
mcnt of tho United States notes and treas
ury notes, amounting to probably less
i than S4S6, 000, 900, might be supplied by
such gold as would be used on their RETRO
ment or by an Increase In tho oircu1ation
of our national banks, think they should
be allowed to issue circulation equal to
the par value of the bonds they deposit to
secure It, and that the tax on their circu-
latioa should be reduced to nefourth Of
1 per cent, which would undoubtedly
meet all the expense the government in
ours on their account In addition, they
should, be allowed to substitute or deposit,
In lieu OF the bonds now required as So
curity for their circulation, those which
would be issued for the purpose Of retiring
the United States and treasury notes. The
banks already existing, II they desired to
avail themselves Of the provision of law
thus modified, could issue ejaculation In
addition to that already outstanding.
II do not overlook the fact TINT the
cancellation OF the treasury notes issued
under the silver purchasing act of 1890
would leave the treasury in the actual
ownership or sufficient silver, including
seigniorage, to coin nearly SITS, 900, 900 in
standard dollars, 1t is worthy OF constd-
erasion wheener snis mlgne not, from sl.he
" eiiie, oe oonser.cu ,neo uoii .4 u -
. .,on'i com anu siowiy Pao li'o on '.i
.ion' ~ IN ehe luuBihshe ., 'ne seoreeary
=, wy 'rsts..ry ,ne heoeA'isios u 'no 'oun-
ery saouiu equire'
WhaoeSsr - eseceiiipteu snou.u ~ en
sereu upon iohy approaching ehe iaco Ihu.
W ossfoiess' Easy ueseons me nav ieaene. a
ga , uopo,,, anu ~.
ny " y :,
WI anu sin,i pu ~, mi's
aiiAc ens.. we are our
Ioseoraeloh % neaith may reqeire nero'e
'f1 1s anu uhpiefistihe loincaie9'
nur.ner On ehe presiue ,l save.
n, SIN a. IVY M-Vu s. "a -.
goiu nus resu.seo Asesey ,foih ~. ,,iene'
ehete Is hosnins app''.ens s,.s'o WI ~.
vent ies continuance or reeurrenoe, WIN
.s iit'eurit oohsequenees, eAoepo sun
ohanse "a our nii1ile,ai VIII re-
s'ssute sne iris h'enou ana iiAAe et,o uoeito
ut soiu iess iheonse. Az = my o,e"r INV ~
an ,ncfe'lse ~ .reve s, unioss =. 10 IL
8oiu, cin sapisty enose mhose ohiy oiiA,-
e.y - W sd1n so'u i i, one sovo'n.ie"v
seore. AZ etshnoui shereioie, w s"io w
fuly upon nsieAsou to'enues 40 oufe
ioi Jun P'oso'i0 0i0ao09'
A Denanciation of Free Coinage
''Many of my oountrymen, whose sim
certify l do not doubt, insist that tho cure
for the ills now threatening us may be
found in the single and simple remedy OF
the freq coinage Of silver,
1.