Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1895-04-18
FREE COINAGE OF SILVER,
FROM A BANKER WHO
KNOWS WHAT HE is
TALKING ABOUT.
A Business Statement from an
Experienced Financer. Let
Men Read and Learn Wis
dom.

R. t. Oney, Cashier of the Kama
wha Valley Bank, Charleston, w.
Va, the Oldest and one of the largest
banking institutions in this section
Of the country, said:
II don't know what Mckinley
thinks, but know that this country
cannot get back to silver money any
too soon. There is only one solution
of our financial problem, and that is
in free and unlimited coinage. And
the sooner we have it the better. /
will go further, and say that we want
a reduction of the ratio. am in favor
of putting it at 13 to 1. so as to under
bid France. They say it will make
us dumping ground for silver. l
hope it will. For the moment we be-
come the dumping ground for the
worlds silver that moment we be-
come the most prosperous nation in
in the world. You may think this is
a strange statement to come from a
banker, but it is true nevertheless.
"Why is it that the banking classes
are so hostile to silverf'
ut is because they are blind to
their own interests. They fail to
realize the profit in the banking bust
ness depends entirely upon the pros
perity of the community in which the
banker does business. There can be
no restoration of prosperity without
the reconciliation of silver, and if
there is to be no restoration of pros
perity then the banking classes must
suffer along with the others
How is it that the banking classes
become SO blinded to their own inter-
ests?"
well, some of them are foolishly
infatuated with the idea that every
time Rothschild takes snuff they must
sneeze, But in the main it was
brought about this way: When Presi-
dent Cleveland called an extra session
of Congress for the purpose of de-
monetizing silver, although the pur-
pose was not avowed, the gold men
started panic and frightened the
banks and mercantile classes into
memorializing Congress for a repeal
of the Sherman law. The argument
was that unless this was done all the
foreign capital that had been loaned
in this country would be withdrawn.
1t was trick, but it succeeded, just
as John Sherman's trick succeeded
in 1878, The people hadn't time to
think. They were scared to death
and jumped at conclusions, just as
drowning men clutch at straws. Now
that they have had great big object
lesson they can see what the gold
standard is doing for the country. In
four months this country lost more
by the depreciation in values than it
lost during the four years of the civil
war. 1t is said that the money len
ders are the beneficiaries of such
policy. That is true of the Rothschilds
and their allies, who are the real
money lenders of the world, but it is
not true of the average American
banker whose interests are solely
identified with the community in
which he does business. We must
learn to look beyond our own noses,
for one cannot afford to support a
policy that is bankrupting our own
customers. have studied this ques-
tion with q great deal of thought and
earnestness, and the result is that
am an honest advocate of free coin
age. ! don't care what Mckinley, or
Cleveland, or any one else thinks
about it; am for free silver. &c. H.
M. in Saturdays Enquirer.