The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-02-23
Sill YER RELOCATED TO NEXT
CONGRESS-.

IL is never sale TO predict what Con-
gress or a petit Jury will or will not do,
but 1t certainly seems to be settled that
there will be no further consideration oil
the money question By the Fiity-Third
Congress, except in connection with the
rider to the sundry civil appropriation.
Senator Wolcott, OF Colorado, intro
duced resolution TO that effect on
Tuesday, and the fact that instead OF in
sisting that vote be had ON his silver
bill Senator Jones moved TO adjourn
was equivalent to concurrence in the
Wolcott resolution.
The Jones bill had really accom-
plished all that il was practicable 10 nc
complish. The two or three test votes
that IL had called out served TO notify
the country, and all Others whom it
might concern, that the most conserva-
tive legislative body in the United
States, the one created for the ayowed
purpose OF furnishing the nation a
breakwater against the waves OF popu-
lar excitement, stands like another Glib
raltar for bimettallism without fully
committing itself TO any particular pol
icy or method Of restoration.
The Jones bill proposes to allow the
holder OF silver bullion to take his bars
TO the mint and demand standard silver
dollars in exchange, and is, therefore,
called free silver, but il makes this broad
departure from free gold coinage; The
holder OF gold bars can get gold coin to
the full extent OF the coinage value Of
his bullion, minus only the cost OF coin
age, while the holder OF silver bars must
not only pay the cost Of coinage, but
the difference in market value between a
gold and silver dollar. In other
words, under the Jones bill the govern
ment would say to the silver bar owner
who demanded standard dollars in eN-
change for his bullion: Certainly, only
you can't have any more silver dollars
than your pig metal would bring in gold
II put on the open market. This is n
distinction with difference OF almost
two To one.
Under that sort OF free coinage the
government could we'll afford TO guaran-
tee TO uphold the parity OF the two
kinds OF standard coin money. In that
seigniorage IL has n margin OF profit am.
pile for it's protection from loss. But il
does not follow that because the Jones
bill would be sale for the government, 80
far as concerns the obligation Co main.
tain the equal circulation value OF the
two kinds OF coin, IL ought 10 be settled
upon as the best expression Of bimet.
allism. The Inter Ocean has never
taken any such attitude against It, On
the contrary, IL has simply explained its
provisions, as now, without commit.
ment TO IL, feeling that Il would be pre-.
mature and unwise for the friends OF the
double standard TO be tied To any par.
ticular plan.
Unless something special should occur
making an extra session Of Congress
necessary IL will bc nine months between
the close of this Congress and the open
ing Of the next. A great deal may occui
during that time. Principles are per
manent, policies transient. IL is impos
sible 10 conceive OF anything arising &c
justify this country In settling down e
one OF the precious metals TO tho exclu
sion OF oil the rest, but just how C
attain the end in view Is quite another
matter. The plans adopted IN 1878 and
In 1890 we're both adopted In good faith
the latter no less than the former, but il
was calamitous day whom the chang
was made. II will not do 20 make an
other egrcgious blunder In that line
The Sherman act should stand ns On,
high-water mark In folly. The govern
ment should have to do with gold anc
silver as far as concerns their coinage
The idea Of buying great lot Of bars
aud then instead of coming them turning