The Superior times. [volume] (Superior, Wis.) 1870-1912, 1895-03-16
Silver in american Politics.

Silver in American Politics.
General \. Is. Nettleton. OF Washing
ton, and Assistant Secretary of the
Treasury under President Harrison,
and good authority on the financial
question of this country, was in Chicago
few days ago, and was quite extensive
" interviewed by a representative of
in iulI were interesting, but We can only
give one or two extracts. Speaking OF
Silver III American Politics, he said
emphatically:
CAS- to silver in the politics Of our own
country. the Presidential candidate who
expects 10 trim on this subject, or who
is not in fact and whole heartedly a
persistent advocate Of a genuine and
speedy restoration OF the blmetal.iSm
of the former days, may as well call in
his lightning rod and fold his tent. He
is as sure to be a statesman without Il
job az will he Grover Cleveland after
March !, 1897
. 1t is the natural and fitting mission
of the Republican party to take up this
silyer question and settle il once tor all.
Not that silver remone tlzatiou IL proper
" matter for part-au politics, but the
party III power will inevitably be held
responsible for what is done and for the
manner Of doing it, and from this time
forward the Republican party IL likely
10 be the governing force III this country.
That party can adjust thisqreStiOn along
the lines of sa ETY.. The Democratic
iopulist combination would inta.lihly
wreck everything In Its usual elaborate
manner if intrIlatcd with this delicate
and difficult but unavoidable task. | IL
less the ~RepublCan party wishes to
abdiCate on the very threshold Of its
renewed opportunity and it, restored
supremacy, it Will face this exigcncv as
II has faced every other since its birth,
and prove now, as always, the friend Of
the people and master OF the situation.
Referring to the situation in the east
he said:
I'm the Eastern States az in the west
:he medicine of adversitv is working
hravely and thinking on this subject is
being enforced. And il is not bv any
means the debtor class alone that's now
demanding RECOMMENDATION. Those who
depend upon interest and dividends
from invested funds are finding that
both are cut off by the poverty and
bankruptcy of the individuals and cor
porations that are their debtors Some
of the bankers OF even conservative
Boston are facing and preparing to vel
come the inevitable return to the double
standard.
And | believe the end is near After
March 1, 1851, all departments OF our
government Will I've aggressivvly friendly
a ~ - oil
known, Great Britain, Germany, Austria.
and France are ready without urging
ior an international monetary confer
cncr, amt this time the masses who
vote. III the Oh World as in the New,
''rc behind the movement. The APP
palhng condition of Eug'and's land
owners, farmers, and small tradcsmen
Is at last influencing English statesmen.
Abiding to the matter Of retaining the
old ratio Of II to |, Mr. Ncttleton
earnestly replied
II observe that Mr.. Springer en-
presses the opinion that the approach
lng monetary conference will not CON
template any scheme of RECOMMENDATION
at the former ratio of about rs to but
Will try to open on new ratio based on
the intrinsic value ct silver. This fall
lacy OF supposing that the present bull
hon price OF silver under demOnetiZa-
ton somehow represents the intrinsic
value OF that metal is amusing. W hat
would re the intrinsic value of gold
bullion today if that metal had been de
nonetlzed IN 1873 instead of silver-as
vas Tor time contemplated by Ger
munV2 -
For centuries and down to the date
81 the general decentralization Of silver,
the two metals under free coinage au-
iomatIcally maintained their parity
without u break ut tie ratio of rs to / ,
or within fraction thereof, nutwith-
standing the wide occasional tluctua-
lions III the yearly output Absolutely
nothing. has occurred to raise a doubt
that under resumption Of free coinage
lay the nations that parity would be
maintained 1T the cid ratio. II any
thing, the proportion of silver in cN-
,stenc" TODAY a. compared with gold is
'es~ than before ISIS
FINALLY, | cannot refrain from en-
phaslzln- the contempt feel for the
suggestion that the prcuniarv or bust
hess interest Of silver mire-owncrs az
mine-woI kcrs or of tine silver states
ought 20 he considered in deciding this
question Of tie double standard This
II colossal irapcrtiacacc which ought
~ be stamped on every opportunity by
every intelligent friend Of bimetaIsm
\ problem which vitality affects the
civilized world and reaches every home
IN every land ought not To be hrIittlcd
ami hedraEglei hy chattcTjng about the
rights and WelElr, of the owners Of
mines. 1t would he equally pertinent
70 ass That Tie entire foreign policy OF
the nltrd States for ali time to come
should ne framed with Il view to pro
=