New-York tribune., 1896-06-06
IMPORTANCE OF THE MONEY QUESTION.
A BANKER.s VIEWS OF TIE LEADING ISSUES OF
THE CAMPAIGN.

A BANKER'S VIEWS OF TIE LEADING lssuES VI
THE CAMPAIGN
To the Editor Of The. Tribu.e.
CT. Again The Tribune s making mis'ake-a
no,,,cal mistake such It made when i at'hcNeo
Mr. Cleveland for selling bonds 10 save 'nc c'e'''
and honor OF the country. Wher The tribune t''es
80 roak. the tariff the great and only question o.
,nnortance 70 be decided a; the election IN NoVeH'-
ber II is sacrincng truth and hohesy ana 'he p'o'-
n.c, ~ permanen, prosperity for the country lor
the sake OF a partisan ADVANTAGE. All hepuo'oa"e
are In favor Of protection. so that the 'ar''i = NV
subject upon when Republicans n-'i cloSs-eAa'''''
,.air nronoscd candidate. but al Republicans are
no, IN favor OF the present god stahd"ru' ~" W
believers IN that standard wish 10 Know II '''
nosel candidate will use all the powers given MN
by law TO maintain such standard Inc s'"'e'Ie''
made by some OF the writer's whose Ie''''s ~ "
Tribune has recently published. that hish'r "a" al
,rl settle the silver question. IS nonsense ana Inv
Tribune is encouraging the fools VINO u'e -
tor oren, Of financial affairs that they believe "
higher tariff or greater revenue viii put gold dollars
into the SuS-Treasury supply the god which WIZ
h.. exported mex; spring and every spring 'hf'e
after. .,
Under our present financial system under norma
conditions OF trade this country imports t'' -
tho autumn and exports gold In the spring bc'aube
no,.v &c IN great demand 20 crops IN tho
autumn and foreign money can be empo''u nei >
At high rate OF interest and Is In Ileh' d"'nh"' "
the snr,ng and go money loaned here In the autumn
"a nsH hack 20 Europe. Hence the spring export
OF gold This Independent OF any chhnge ia I'm rno
tariff The gold that Is imported IN tlle ~, ,n
goes into the banks. but the gold that sors our
r. curing "a taken from the Treasury. liiis fWi
,het IL taken out or the Treasury has TO be obtain
NV the Government. under our present AVS ~ va,
sale o. bonds .or gold. TIE Tribune kro"s an. -
ie no other practical Of obtaining this ev,u'
whv should The Tribune elitoriany. az IL u'i
to-dav no change was needed ia our lawr 70 X, y
The present standard. that the anNooi''T o ~,
standard simply wanted things l"fi az thtN arc, a.
! ne
cmnji,,ona az iu sfrrss they wane1 change IN tA'
on;v Ia ws that could affect business Una IS NV
tariff laws? This argument or s,at'hemt - ~ - VI u
true tha, the readers Of The ITibunr VII SUM '"
unon II as unsound on The silver question a.,
The Tribune SAYS Mr.. Mckinney n s.'hI On ~,
,ponev Question but Il leaves II TO "The I've ~
Post 10 publish extracts rom ms spcecnes " w''' ,,s
as,a abiIsh hts position. LIT The lTionhc Wv" - -
readers extracts from Mr.. Mckinney Sp'rv',., ;,
uehirh chow his knowledge OF the absolute 'ie
~ nsintsIning the gold standard NJ All hazarIr
ga there arc such speeches unless ana hlhs ma
such a thought could find reason ior cnls'e'l." ..
The Tribune does not believe iiat thc hnh,..e'"
OF The gold standard is more Important t'lHn my
I'VE ex,stencs of bad tariff laws Tor wear or W.
v.srs ia OF small Importance In comparison VII"
change from the gold 20 tho siVeT I'm s,hnna' "a - ..
change which could not be recoVrtel 'p'i ~ -. >
chan, every savings bank, every man OF ""'mal ~
/ who has saved something aGainAt oin az, ~,
senate mex yea- may again be IN inc coz ,ro o
sdvocates ot free silver 50 tho question IL NJ on
he. ~srn ihe Republicans who want tarin cnahge'
and the silver men? Does Inc tribute anni' u,
,,oss,hilify OF this compromise being Ir-rH DC; !,
I, doe. not lei II take a stronger posiuon 'nhh u
now occupies in favor OF ne yon S,"na" ppoWS
/ 40, York Nav e. 1886.