The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-03-13

not only in congress but through the
press all over the country, by a very
great majority it was refused. This
may be considered another nail in the
coffin of the single gold standard idea.
The discussion of this bill awak-
ened, as never before, the reading
and thinking public, all over the cOun-
try, not only to the vital Importance
or the issue between gold and silver,
but to the surreptitious fight being
made against the latter metal. The
result of the issue of coin bonds was
such as to show that the financial
theories advanced by the president, at
the suggestion Of the agents Of the
money kings. were without any
foundation. The coin bonds were
eagerly sought after both in America
and Europe and were disposed of at
such high premium as to give an en-
OrmOuS profit to the men whom the
administration had favored with the
contract to handle them. 1t is not
too much to say that the wave of dis
gust and Indignation that went over
the country has not been eQualled by
an act OF any administrati tion since the
days of Andrew Jackson of unpleas-
ant memory. The result is men are
hooking to the standard of bimetal-
ilsm With an earneStness never known
De1ore, and there prevails distruSt
OF and disgust with the advice of
wall street fnancierS and London
bankers that will render them much
less powerful than before.
In the meantime the miscarrying
efforts of the goldites have been sup
plemented by business affairs general
ly. There is no decline in the amount
OF the farmers mortgage, but there
mas been decline, and a continuous
decline, in the price of the lands mort
gagged. The interest on bonds issued
TO build great buildings and forward
great enterprises has not diminished
IN the least, but rentals and earnings
have all declined. The man who can
cut off his coupons and send his inter-
est notes to the bank for collection as
yet can feel happy, but there is
anxiety among those who have to pay
from reduced earnings, and there will
come time, if the present shrinkage
continues, when the acres and build
1ngs and these enterprises will SO
diminish in value and earning capac-
lty that incomes will not be sufficient
even to pay interest on their incum-
brances. Then will come a lament
able crisis in the country, and bank
ruptcy will do it's terrible work
Thousands of people are becoming
convinced every day that this can only
be prevented by restoring silver to its
old place among the monetary metals
of the world. The same cause is hav-
ing similar effect on England, Ger
many, and other foreign countries,
and the danger seems imminent, if
some remedy is not applied, that the
time will come, and at no distant day.
when the few men of the world who
control its gold will be to the rest of
mankind as dictators. For many rea
sons America, the great silyer-produc-
ing country of the world, grows more
restive under the prospect than the
others. Here the people control and
have their remedy in their own hands.
We are under neither Emperor, Queen
nor King, and it is time statesmen
were warned that they must find some
way to bring about what is the only
possible remedy for the present seri-
Gus troubles and for the prevention of
the more dangerous ones which are
pOrtended in the near future, and to
bring it about, if necessary, regard
less of what the rest of the world may
do, or they will not be kept in power.