The daily herald. [volume] (Brownsville, Tex.) 1892-1897, 1895-05-15


which treasury notes were issued,
being about The entire product Of
silver produced in our country, yet
silver continued to go down, and in
1893 the purchasing clause of the
Sherman law was repealed. Bat
this did not prevent silver from
going to a lower price than it had
ever gone before. 1t is impossible,
therefore, for me to see how free
and unlimited coinage Of silver at
the ratio of IS to /, with the great
silver product of the world coming
to our minis, can restore silver to a
parity with gold under existing
circumstances. Legislation did not
seem to Help silver, and when we
look for the causes of lis reduced
value It appears that the greatest
causes of its depreciation were that
the annual product of silver in the
world in the last quarter of a cent
ury had quadrupled, and that nearly
every nation in the world had stop
ped coming it.
oar last national platform declar-
ed in strong language in favor of
securing the parity Of gold and sill
v5r through internAtioosl agree
meut. TIE rect Mt action in Germany.
France aud England is hsrbinger
of the return of the good days taai
existed pli,r to 1873. The Gern nan
Rsisbstag and the French Chamber
Of Deputies have both declared in
favor Of issuing early invitations to a
monetary conference, with view to
an international agreement looking
to the rehabilitation Of i Yer aud TO
the free coinage OF both metals at u
common ratio; aud The Prime Min
isier OF France aud the German
Chancellor both Announced their
Willingness to enter into negotiations
with the other leading governments
10 favor of promoting this great
movement 10 England tie House
OF Commons, wlthUuta division,
heartily eoucuired in tue recent ex
preston Of the governments OF
France and Germhpy; and 10 the
United States our Congress at the
close of the last session authorized
The appointment Of delegates to an
international monetary couiereuce.
which 1t is believed will soon be beid
IN Europe Thus the way is open
ing for the free coinage of gold and
silver under an international agree
ment. | hearty iudorse this move
ment, which looks to action, not by
Que nation, but by many OF the great
est nations OF tie world. aud | be-
lieve the agreement will be made.
The demand for international hi
Detallism is growing stronger every
day, bnt the international agreement
may be dslayed; suI, az have al.
ready sail, / am in favor OF oar gov
eminent buying silver bullion each
moath, OF the market price. without
waiting for tie ipiernati nsl
ogreement, aud crining not less than
two million nor more thar four mil
lion of silver dollars monthly, usirg
fast the silver bullion 10 the treas1o
ny. Oar country, with its great com
mercial, agricultural, manufacturing
aud other interests, can readily abaorb
this increase without other currency
being impaired, and 1 think it will
benefit business and trade. This
plan is We y similar to that provided
by the ect Of 1878. which was passed.
over the veto OF Hayes, aud which
~as in force from 1873 to 1890;
which quieted silver agitation, restor
ed the legal tender character Of the
silver dollar and nently took the sill
yer question out Ct politics. and Or
der which nearly ali the silver DOL