Omaha daily bee., 1896-04-10
Would RESTORE coNripEycE.

NObbB hfN fOhb
Every man who has an intelligent un-
%derstanding of financial and business
conditions knows that lack of confidence
has much to do with the continued de-
preston. There Is n vast amount of
unemployed capital In the country
which IS not seeking Investment In en-
terprises that would employ labor and
promote the general prosperity because
there Is uncertainty regarding the future
of the currency. There is an enormous
amount of idle money In Europe n CON
siderable share of which would be in
vested in American securities If 1t were
perfectly assured that there would be
no departure or change from the exist
ing monetary standard In the United
States. 1t is probably not an eXagger-
alton TO say that this want Of confidence
is keeping out OF active use SJ00,0O0,-
600 and preventing an equal amount of
foreign capital from coming here for
investment.
The reason for the dlstrust is obvl-
Gus. In the senate of the United States
there is n majority, made up of the
members of the three parties, that de-
mands the free and unlimited coinage
of silver at IL to 1 and Is determined
to permit no revenue or financial legis-
lation which does not recognize this de-
mand. The democratic party is di-
vided on the silver question, with per-
haps n majority in favor of free coin
MI, ,n,niIinonc of tln ci1vn,,
states are for the free coinage of silver
and threaten to bolt the republican
candidate for president If he does not
stand upon a platform favorable to the
policy they advocate. The populists
are uncompromisingly for the free and
unlimited coinage of silver at the exist
ing mint ratio. Thus there is n for
midable element of the electorate,
strongly e%ntrenched in one branch of
congress and boldly asserting that 1t
will accept no compromise, that in
tends to make the most vigorous and
determined fight that has ever been
made in Il national political contest for
n policy that would debase the cur
rency and throw the financial system
of the country into confusion II dis
order. 1t is to little purpose to say to
capital that there is no danger of the
success of the supporters of free silver.
1t will not be influenced by any such
assurance. Not until there is a popular
verdict against free silver that will be
regarded as conclusive will the conf
dence of capital be restored n the
vaults in which it is now locked be
opened for it's withdrawal and invest
ment in productive enterprises.
The financial and business interests
of the country are looking to the repub-
lican party to maintain the cause OF
honest money and a sound and stable
currency. They are confidently hoping
that the party in its national convention
will so clearly and explicitly define It's
position in favor Of honest money that
it will be impossible for anybody to mis-
understand or misinterpret 1t. with a
platform declaring for the maintenance
of the existing monetary standard and
a tariff policy that will provide ample
to the government and judi
cious protection to the industries M
the labor of the country, the party will
rally to its support the financial and
interests of the country and If
it achieves success there will follow n
restoration of confidence and a revival
of activity that will give prosperity to
all sections and to all classes Of the
people. At no time in the last quarter
of n century has the republican party
had a greater responsibility or a higher
duty than now confronts it. If it shall
meet it with courage and integrity it
will deserve and achieve success.