The herald., 1895-06-30
They Were Asked What Action
Congress Should Take ON
the Money Question

gold and silver going side by side and
each performing Its legitimate Office.
"Gold must not be driven out of the
| country by free and unlimited coinage of
silver, nor must silver be driven out OF
circulation b., the gold-bug interests.
"True bimetallism is to use all the sill
yer that can be put in circulation, either
in the metal itself or silver certificates,
without making our nation an exclusive
silver country. If silver is not kept on an
equality with gold, meE will pay out sill
yer and hoard gold.
silver, l believe, were it adopted, we would
experience the most disastrous panic this
country has ever seen."
w. II. HOLIDAY,
Assistant cashier Southern California
National bank:
"It Is beyond question that che United
States wants bimetallism and the finan-
cial world needs it. But tor the United
States alone to resort to the free and un-
limited coinage of silver would be a sui
cidal financial move, and the damags
done by such course would entail far
more disastrous results than ten panics.
such as that of 1893.
81 am in favor of the free coinage of
silver upon any basis that will maintain
the parity of the two metals. Such a
plan seems possible only through interna.
tional agreement. 1t would be very fool
ish for the United States alone to resort
to free and unlimited coinage of silver
with the European nations pursuing their
present course regarding silver. Nearly
all the European nations are anxious to
exchange their silver for gold. and they
would rejoice at the chance to make such
change with the United States. Only
the very worst result can follow any effort
upon the part of this country alone to
coin silver without limitation.
''In the everyday business world do.
mand and supply regulate trade. We
should see the demand for gold long ana
the supply shoit; for silver the supply
would be very long and the demand lack
ing. In short. we should find ourselves
working with single circulating medium
in very brief time.
"If the result would not be so disas-
trous and far-reaching. l would be in
favor OF telling the rabid free coinage men
to go it and see. as the boy told the calf.
The boy was sent to The pasture to
bring home a COW and calf. After work
ing for some time to separate them from
the rest of the cattle, he became desper-
ate. He chased the COW off some dis
tance and then attempted to start the
calf in the same direction. The calf,
however, persisted in following an old
steer. a fter chasing the calf and the
steer about quarter of mile, the boy be-
came exhausted and stopped. Out OF
breath and out of humur he finally yelled:
60 it, drat you, and when you get hun
CRY you'll see what kind of mother
you've got.
T. L. DUQUE,
President Main Street Savings bank:
81 am in favor of the gold standard or
any standard that will subserve the best
interests of the country.
''As to legislation on the question, tnat
is best left alone. Money matters are
governed by economic laws greater than
the edicts of any e., .,islature. Let silver
or any other metal seek its own level in
the CONNIE: cial scale.
my experience IN the southern repub-
lies where silver is the sole money
medium has taught me that silver is as
hard to get as dear money is elsewhere.
"The United States as a nation cannot