The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-07-28

ASuSOcc DOuDts kne 0OOu dhth vi
ne Gold Men Who Talk Now About
state Banks-W lille Shrinking From
the Possible Dangers of Free and Un-
limited Coinage, He Would Rather
Incur That Risk Than to Have Per-
petnal Gold Monometalism.
NEWS AND OBSERVER reporter called
yesterday to interview Mr.. Fab. Fl.
busDee on his views on the financial
question, asking for an enlargement Of
the interview printed IN the Washington
correspondence of the Charlotte Oh
server.
Il have just written" said Mr.. Bus
Dee, "a letter to the Charlotte Observer
making some corrections in the pub
nshed interview, because it was in that
paper that my so called remarks were
nrst published, and | think it only
proper to send to that paper a correc-
tlon; but as the NEWS AND OBSERVER
copied the Observers article, / will give
you copy of the letter so that you can
print 1t the same day it appears in the
charlotte Observer if you desire to do
So"
The letter is as follows:
RALEIGH, N. O., July 25.
10 the Editor of the Observer.
1t was extremely dull in Washington
on tuesday last, and very hot. 1t was a
gay calculated to take the starch out of
the most indefatigable correspondent
ana make him content with small items:
OF TO- hot
Your Jealous representative was ''obtain-
Ing an interview" It is difficult to sum
up IN line the general result of ten
minutes desultory conversation, and |
nave no complaint to make, bat / must
say that | do not recognize my senti-
ments in the paragraph contained in
your Washington letter of the 23rd
MIR. Busbee regards the situation as
very favorable both in this country and
abroad speaking of the silver question:;
ne Is as strong free coiner as ever, and
sees nothing to discourage the cause"
The sacred messenger spoke very dis
paringly to the Laodeceans. So then
because thou art lukewarm and neither
I cold nor hot will spew thee out of my
mouth" / am afraid this describes my
En views in regard to the currency
gstion. 1t would, at least, seem to
Qnstrate that | am neither looking
is Federal appointment upon the
nd, If our Raleigh Editor is &C
or seeking to become a candi-
re the people next year, upon
if your views are correct.
since my supposed opinions have
published, will state briefly what
y think. The question as to what
on silver shall perform in the cur
pr the United States in the future,
1s positive answer In this con-
it is not important whether the
q Democratic platform in 1892
ed free silver, for it is clear that
q. The much more important
what deliveraace shall the
Invention make in 1885, Sc
Enocratic party is concerned
oracnlar utterances, which
ne construction in Massachu-
totally different one in South
IS, passed. From the present
would seem that the currency
The Republican platform will
in language sufficiently
5 to hold the western
(ates to some sort of allegiance
yRepublican party. but
meaning Though concealing) an
ldorsement Of the gold standard,
COUPLED with a kindly eulogy of silver,
or vague prophecy of its future resur
rection. The Democratic party should
not and will not be satisfied with any
thing less than clear cut enunciation of
its principles upon this matter. 1t will
not be sufficient to make the action of
the United States in any way dependent
upon international agreement. The re-
ception of the German proposition in ia
yor of silver conference by the constit-
uent elements that go to mike up the
German Empire, affords small hope of
favorable action; ard the recent silence
of the leading English bi-metallist, Bal
four. when clothed with the powers and
responsibilities of government, is equally
"a insignificant 1t is true that the new
government will be less distinctly hostile
to silver than the one which has been
overthrow, but for the present, at least,
there would seem to be small hope for an
international agreement for the more
general use of silver as currency.
Nor can those, chiefly in the Southern
States. who have favored repeal Of the
restriction upon the issuance of curren-
cy by State banks, reasonably look for
the passage of that measure. 1t was
nromised In the Democratic platform of
1s92. and the promise was broken as
many of those who were responsible for
making it, knew and intended that it
should be. The recent renewal of the
snegestion of State bank currency, com
inc from those who are engaged in the
contest against silver, is merely an empty
promise. with no possibility of fulfllment
and. as believe, hardly made in good
faith.
Each party engaged in the currency
controversy is boastfully claimed to be
the only true friend of bimetallism, and
each represents its antagonist either as
! "gold monometallist, or a 'silver
monometalli / do not meet many
hi.metallists. There are hundreds of
thousands earnestly championing BIZ
metallism which means: ''lf you will
giye me dollar, the metal, in which is
worth nearly twice as much as the
silver in my silver dollar, the
unlimited coinage of which l have
secured, | will accept it in
exchange There are equally as many
others who say: IF you will put enough
silver in your silver dollar to be worth
as much as the gold in lay gold dollar,
and will agree that if silver shall fall in