The times. [volume] (Richmond, Va.) 1890-1903, 1895-07-05
SILVER CRAZE DYING.
CHEERING REPORTS FROM THE
VEST IN FAVOR OFsOUND MONEY.
Harvey T.. Fisk Receives Encouraging
Words From Kansrs-The views
of Charles $. Giecd.


the Chamber OF Commerce are very Tueh
gr.tified over the daily reports that reach
them regarding the status Of the silver
craze" I'm various parts Of the country.
Their correspondents in the west insist
that the backbone Of the "hat-n oney
forces has been broken, and that there Is
every indication that solid and suostan-
tial Improvement in every business VIII
ne the result.
This view Is still further confirmed by
the testiU Ony OF Har'ey r. FISK tle
well-knov n broker and editor OF tne
Bond RECORD. In speaking about thc FIJI
uation yesterday. Mr.. FISK sald;
at Is now generally admitted tha9
solid. substantial business improVemfnt
has set in. and Is likely 10 continue. lhfte
IS only one possible cloud. ana tnae -
as to whether the forces when are c|h-
lending for sound money or those CON
tending for free silver are likely 10
triumph. ,,o
Next to the South and the silver-pro-
ducing States the free-silver sentiment
has been supposed to be most virulent III
the sO-called Granger States, ana es-
pecially 90 In kansas. Ihis Is the SUI
which gave PETER TO the United states
Senate II has been, and probably now y,
both at home and abroad looked upon as
a hot-bed OF all kinds Of financial anu
industrial feresies.
with a view OF determining what the
real public sentiment is In kansas, We
asked Charles :. Gleed. one of the iore-
most citizens Of the State, prominent
LAWYER and a director Of the AtchlSoi
railroad system. for his honest opinion ot
the true public sentiment OF Kansas ~
the currency question. His article, wnicn
will be published in the Bona f.Coiu'
gives "A most encouraging opinion OF thc
probable real feeling, and SHOWS lnat
Kansas can probably be counted upon "
range herself on the side OF SOUND HlonVS.
This probability will become certainE
If Kansas mas q good crop OF corn 'n'9
aEt,gimn. -, 10 Zines noints TO such
an outcome of the present free-shEeI
agitation. II will not do, however, lVl
the advocates of an honest currency ~
stop now I'm their efforts 70 cied'e "
general sentiment for a stable currency
The victory which seems 50 ntd' W. W.
only be completely won when the laws
have been 80 changed As TO assure an
abiding peace. Until this is accomplished,
no solid and lasting prosperity can DC
looked for.
Mr. Gleed. I'm the article referred to,
which VIII shortly be published, says;
One OF the most absurd claims OF me
ultra frec-silVer men Is one maze Iec,ht-
Ia MS debate with Professor LauSnllh.
lie said. IF people can b. reduced 10
Poverty and the prosperity OF the Jhted
states can be ruined by hanging ~ 'nc
financial policy Of Europe, etc, exc. -.
"W hen did all this ruin Su-n men tdlh
about occur? Suppose the answer Is
Now When was silver demonelzeu. II
never was dem)netized. But Wheh vas
IL deprived o. full legai-tender power
In 1913 What has happened since then
The greatest prosperity TINS country mas
ever seen. In 1873 Kansas had -lW Iili'a
OF railroad. 5000 people, and an assess
cd valuation OF <lz35S4.l." Now she mas
Ssf4 miles OF railroad, l.9oWD people, anu
an assessed valuation OF S33'9l,'z-. rms
is only a sample brick The whole coun-
try has enjoyed unparalleled prosperity
since 1919
I'm fact, il Is the tired feeling from
our too swift run In the speculative race
that is making the trouble. W e he" hsh'
and gambled ana ran riot, anu now we
have the headache. Mr.. Harvey. alias
Coin ought 10 know more about IL than
| he seems 10. His long experience as "A
| boomer Of western towns Ike Kansas
city Wichita, Pueblo. and Los Angeles
ought TO make him entirely satisfied as 10
how the bad taste In his mouth came
there. Mr. Haryey's biz hotel IN the
sagcbrush at Pueblo. where no hotel
should have been built. is a good Illus
tratiOn OF the ruin that Is on us and
how IL came about.
Treasurer Wilder. Of the Atchison.
Topeka and Santa Fc system, recently
J rendered a Colorado bank few thOus-
/ and silver dollars in payment OF note.
] The agOniZed wall of the banks cashier
/ made Mr. Wilder smile. although he is
a tender-heartcd man. The same cashier
would not have refused a hundred million
I dollars in gold II offered FOR similar
/ payment.
a large part Of our present trouble
| Is due 10 the clever circumVention OF the
| fact OF the nOu-pOrta oiiity of silver, cN-
! cept in small quantities. by the device
| Of Issuing silver certificates. which are
| nothing more than warehouse receipts
| for bullion and coin which individual
| owners do not wish to personally care
| for
"A transaction Of exactly the same
! character would be the coming II iron
| into coins Of. say 100 or 1000 pounds each,
| STORM IL in government var Is i'm Wash
| ington, and issuing against il certificates
! of deposit, the Government agreeing TO
| cash those certificates al any time with
gold or silver. our present silver ccrtiii-
Gates are quite like the warehouse re-
| ccipts of the American Pig Iron Storage
| Company, except that tn storage COM
| pany charges something for the services
! of storage, ana does not agree To redeem
| the certificates in anything but iron, the
commodity originally deposited.
che whole currency question Is one
| which should be settled according 10 the
recommendations OF "A competent commits
sion. continuous in its work, and organic
| scholarship, and an integrity that will
| guarantee TO the people a thorough and
| impartial opinion on all money aucs-
| tons \ supreme court Of currency,
| composed OF men who are nnanciers or
| financial scholars. and not candidates.
would furnish all parties in Congress a
| good excuse for permitting the country
| 10 have a coherent policy and an dbld-
| ing peace