The herald., 1895-06-30

tablish and maintain a silver standard
or bin metallism, because we are not COM
mercially free. All the great grading
nations are bound by laws of interdepend-
ence bevond which 10 nation can indi-
vidually CO."
HERrlAN w. HELLnAN,
Vice-president of the Farmers and Mer-
chants bank:
81 do not believe can add anything to
what has already been said on the money
situation that would be of any interest to
the public. The least that is said, the
better. The question is of too great i'm
port to the welfare of the country to be
hastily considered.
Sound money is the very foundation
OF all trade, and whatever will result in
giving us stable condition of finance
tend"
J. v. WACHTEL,
Cashier of the Main-street Savings bank !:
II would not commit myself at present
to positive assertion one way or the
other. The question is too broad to be
comprehended In few words; and too
uncertain in its varying relations to
be accurately settled for any length of
time. That is exactly the financial con-
dition existing in this country TO-DAY,
What would be beneficial at one time
iliEho NV SOihSioo Will SlIullar con-
ditions at another time. and could not
therefore apply. Consequently it would
be difficult to assert Just what would be
the best financial policy for this country,
as matters nov stand"
w. L. GRAVES,
President of the Southern California
National bank:
II believe in the gold standard. The
Memphis sound-money convention held
on the 2"d OF last May declared the proper
sentiment on the money question. 1
am opposed to the free. unlimited and
independent, coinage Of silver at the ratio
OF IL to l. when the market or CONNER
cial ratio is more than 30 to 1, and the
difference between the bullion value of
gold and silver dollar is about SO
cents. on the ground that such action in
stead OF restoring the bimetallic standard
would inevitably result in silver mono
metallism.
The ideal financial adjustment would
be international bimetallism. providing all
nations adopted it. Otherwise it would
not be expedient and congress would be
hazarding too much to attempt main
tanning silver at an artificial value, AS
jefferson said, gold and silver are COM
modties and you can rate them at their
commercial value. or you can change it
ana drive one or the other out of the
country.t'
J. M. WILMER,
Cashier OF California bank:
There is no reason why silver should
not stand Is one of the money metals of
the world if uniform rate could be es-
tablisLed between nations. 1t is not "A
matter of the intrinsic value of the metal
but its general acceptance in trade. which
determines Its power in exchange,
-! am not fully convinced whether it
would be advisable for the United States
to establish the rate of 16 to l or not.
However that may be. there is room in
trade for both gold and silver if a stable
ratio can be maintained.
n. N. AVERY,
Cashier of German American Savings
bank:
THE money question is very broad and
involves NOR than the mere accordance
or non-acceptance OF imetallism, / be-
lieve if we could circulate ps per money
entirely instead of coin, ana have il
secured by silver and gold bullion. d.pos-
tied with the treasury, it would bring
about the best financial results. It would
be necessary to keep u surplus above the
i'll het value Of the bullion TO cover any
possible fluctuations. congress having the
power to increase or decrease the margin
as oooasion demanded. This solution