The herald., 1895-06-30

esta ablish and maintain a silver STANDARD
or blme etallism, because we are not com
mercially free. All the great tradint
nations are bound by laws of interdepend
vidually go.''
HERrlAN w. HELLnAN,
Vice-president of the Farmers and Mer
: chants bank:
81 do not believe I can add anything te
what has already been said on the money
situation that would be of any interest te
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
| is the end to which legislation should
tend"
J. v. WACHTEL,
Cashier of the Main-street Savings bank
II would not commit myself at present
toa 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 today.
What would be beneficial at one time
might not coincide with similar 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 23d of last May declared the proper
sentiment on the money question.
am opposed to the free. unlimited and
lndependenl coinage Of silver at the ratio
OF l6 to l. when the market or CONNER
clal ratio is more than 80 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.
'.rhe ideal financial adjustment would
be international bmetallism, 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
moditles and you can rate them at their |
and drive one or the other out Of the
J. M. WILMER,
Cashier of California bank:
There is no reason why silver should |
not stand as one of the money metals of |
The world if uniform rate could be es-
Iablshed between nations. 1t is not a
matter of the intrinsic value of the metal
but its general acceptance in trade, which
determines It's power in exchange.
-! am not fully convinced whether it
would be advisable for the United States
% establish the rate of 16 to or not,
However that may be. there is room in
rade for both gold and silver if stable
alto can be maintained
II. N. AVERY,
Jashier Of German American Savings
,ank:
THE money question is very broad and
involves NOR than the mere acceptance
r non-acceptance OF bimetallism. | be-
leve if we could circulate paper money
ntirely instead of coin ana have il
ecured by silver and gold bullion, depos-
ted with the treasury, it would bring
bout the best financial results 1t would
9 necessary to keep surplus above the
,arket value of the bullion to cover any
ossiole fluctuations. congress having the
over to increase or decrease the margin
OCCASION demanded. This solution