Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-04-21
MORRISON OUT OF The WOODS
The Illinois Aspirant for Presidential
HOnOrs Defines His Views on
Finance.
TALKS In RIDDLES AND LEANS TO GOLD
Declarations on the Currency Issue
That Will Surprise His Many
Western Friends and
Admirers.
TALKS IN RIDDLES AND LEANS TO GOLD

Washington, April 21.-William R. Nor
rison, of Illinois, who may become g
prominent candidate for the presidency
was asked what we're the prospects OF
| Democratic harmony on the sound mon
ey question at the Chicago convention.
"Undoubtedly there will be division
of opinion" replied Col. Morrison, "but
the convention should find harmony in
the will of the majority"
As to his own views of the question
! upon which the convention is likely to
Ae at varisnce he said:
g. It appeaIs ,,~tEF + the convention
may be more-wIll advocate free silver
coInage-18 to (which, as things now
are, will speedily result IN silver being
our only money of redemption. 1t would
retire gold as money and leave US on the
silver basis. We would have, tenn porarily,
| fewer dollars, and those very much less
valuable as money.
"Part, may be a ma jority, of the CON
veution, will press the administration
plan of adheripg to the single gold stand
ard and retiring treasury notes, the silver
dollar to be kept at par with gold, as now,
ard for use IN smaller transactions. Gold
alone is too narrow and insufficient a
money basis. We have borrowed BY sale
of bonds S80,000,000 each year of this ad-
ministration to keep on as we are going.
Under the administration plan, the ma
tional banks, to keep their money good,
would need to supply gold when de-
manded, as the treasury does now, and
would do it, as the treasury does now, at
the public expense. As often as hard
times overtake ua, business wrecking
would set in, time for settling would be
upon us and the property of the financial
ly weak would pass to the strong.
"lf bad my way about it, would, as
l said in the act repeating the Sherman
law, continue the use of both gold and
silver as standard money, which has been
SO often declared to be the Democratic
policy. If you are going to ask ne how
this is to be done, say frankly, I do not
see the way under existing circumstances
without the cooperation Of other coun.
tries. and this cooperation l see no i'm
mediate prospect of securing
"Have you read Secretary Carlisle's Chi.
cago speech?" was asked.
"Yes; it ia discussion as to the effect |
of deprecated currency on the wages of
labor. do not believe, and doubt if any
body does, that deprecated currency is
a good thing for labor or any other inter-
est. Mr.. Carlisle has such intellectual
strength and balance that it is sometimes !
difficult to tell on which side be is of the ,
line between what is and what is not"
"Mr. Carlisle discusses the evil effect of
l6 to silver coinage rather than the good |
We may expect from the administration
money plan. It is difficult to keep up with
the administration; it so often moves on
in the direction of the demand of the
thrifty in finance. would be willing to
make as the Democratic policy or plat
form the declaration made in the law re.
peaiing the Sherman act.
'This was voted for by many so-caled
silver and antisilver senators and men,
oers and was approved and signed by the
president during this administration.
such declaration of purpose best in
licates the way 10 the prosperity and
progress Of our people. But any policy
lnder our government must respond to
he popular will, which should not be ar
o,erthrown.
"To insure such policy, counsel should
ather be taken of the peoples represen-
atives than of bunch of financiers, who
nay be learned In their craft, but whose
ounsel may have the bias of self inter
at