Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-01-24

Often may be noted. Iu tho face Of
present Issues, however the contents Of
that review area direct confession Of
being In a dense log. II grleves over
the fact thst "lhe prospects Of currency
legislation by the present Congress are
fast vanishing, II they have not wholly
disappeared" Then Il seek9 o3nsOla-
ton Ia tho statement that delay is
necessary because "any general
scheme ior dealing with bank olrcula-
ton becomes more impossible Of
hurried realization a. dlveui,ies Of
opinion develop" Next It urges that
there DO much 20 be said IN favor Of "a
national coumisslou Of eminent OK.
perts, who shall hear ropofto and re-
port couc.uHyna at the next session Of
Congro-w one reason given Tor this
course being that "Cougfossmen are
imporitCily iniormo on the quosli5n,"
and this method "might develop the
mature Judgment o. those best quail.
hui to COUNSEL" Finally tho extra.
ordinary mixture OF ideas be supplied
with climax In the declaration that
no delay can bs permitted, as "iho de-
ranged condition VI tho treasury
finances anu especially Of tho gold re-
serve" viii not admit OF any postpone.
menL It's urged that this derangud
condition might be- dealt with separate.
Iy, by providing Tor deficiencies Of
revenue and a fixed gold income, by In
sisting that payments to government
shall be- in gold or gold certificates.
Thus tho financial Wow IL obi,ruc,od
by the gold shadow watch hrs been
enlarged no rs 90 obscure much Of the
financial field TO De exploited. This Is
shown In the further claim % Alr.
Ciows that the sllo cause VI ths in-
meuso Withdrawals Of sold 10 Europe
Is due 10 a Terrible fear that this c5un-
Try viii dfl.l toa silver basis. lie SAYS
this "'oar ~ not 40 much about the
possibility Of our taking osro Of such
silver money as VIZ NJ present have. IL
10 that tue silver faction, which has
SHOWN It's ability 90 force on the coun.
Try already $40 millions Of what are
virtually 1i,y cent dollars, and that 20
may sllll retain force enough TO yet
iurther Increase those issues indoh.
nitely;" aud he argues that this
condition Of flight eau bn fcmedicd
only by "somosort Of conclusive Jem-
onstration that no further Issues Of
silver money in the UniloI states are
possible"
la view Of the fact that the gold
mon have had their whole way Of late
In tho complete depression Of silver,
and that n ,hclr theories we're right
they have had ample opportunity Of
supplying the proof In practice, u such
"a thing were possible, no that lhure
could be- no further question, is con-
elusive evidence that the logic Of Mr.
Clews and those agreeing with him ls
faulty. The situation briefly stated IL
that the theory VI the silglu standard
advocates, advanced 10 secure the
complete demonstration Of silver, has
been weighed Ia the balances anu
found wanting; foreign creditors are
Withdrawing their gold because they
anticipate condition that will enable
them to increase their profits. The
available means Of preventing tAis
procedure Is 10 substitute silver for
greeubarks IA this country. This
question has been discussed 90 often
AMI Ia 80 we'll understood In the West,
that there Is no need OF celebrating It
iurtherj but there Il asuggestion iusono
remarks made by Banker w. q. McCor.
niok, Of this city, which eastern Imam
ciers might study with profit Mt.
Mccormick words are quoted ia the
last issue Of the american Banter, and
wo reproduce them mere Tor cu,lcE.
consideration. Says ht;
have lclt Tor years that tho treasury
| % u., legal tuuiors, ought Go b0 clint.
| mated, but ! have alec beloved that
! their place can best Doc hllDd by u.iug
silver. Tho treasury ought tu h0 co.
! llugrd OF tho burden, tut DO would bl
better To- buy silver with bonds 10 rUtiro
tho grConhuCks, thuu TO issue bonds Tor
now motto issues, 10 would be- better, /
| think, TO coin sllyoruinu equal amuuutaud
allow thOtruu-ury turutIrulho grpNuhuck-,
| This ought 10 satisfy all reasonable people
! and would tend 90 rHiHo tho price of
silver Ia tho advantage ~ tho govern,
mont ng nn owner of bullion, aud prove
permanent brnoht 90 all tho railroads
aud commercial Interests OF tho country
aud would poo a conservative movement
in tho direction OF truu himU.Nlisiu
surely mouumUAlll-v must admit thai
silver dollars would ht bouur unt
soundur money than grUouhaHks, with
merely the governments promise Go pay
! when d could NOT have moro than 4 pei