The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-09-16
THE VICE PRESIDENCY.
Mr.. Beasly Suggests Plan for Settling the
Troublesome Question.

Mr.. Beasly Suggests a Plan for Settling the
Troublesome Question.
Editor Representatives:
II the leaders of the Democratic party
were wise they would retire Mr.. Sewall
l suggest, as compromise, that Mr.
Watson tender his resignation to the
national POpulist committee, and Mr..
Sewan tender his resignation to the ma
tional Democratic committee, and that
these committees substitute Col. Sey-
mOur F. Norton as the candidate of both
parties for vice-president
have just read Senator Stewards let
ter to John Sherman in the Silver
Knight, and it proves that Sherman
ought to be hung. Stewart says Sher-
man demOnetiZed silver in 1873 That
Sherman was chairman of the commit
tee to whom the mint bill was referred
and that he absolutely lied to the SEN
ate as to the nature of that bill
McKinleyites and the Palmerites want
to perpetuate the public debt in order to
perpetuate the national banks. This
is the true reason why the rogues who
control those parties hate the white
metal and the legal tender treasury note
When silver bill was pending in
congress in 1878, Senator Blaine said:
He was not in line with either of the
extremes, those who favor a single gold
standard, or those whose views if sus-
tanned would force us to single silver
standard We need both"
Both houses of congress- said Sena-
tor Thurman, have decided by over
whelming majOrities, that no fraud
would be perpetrated by paying credit
ors in the silver dollar of 41212 grains"
Gen. Garfield, of Ohio, said: with
every man who is in favor of any bill
which will drive one metal out and give
us only the other, with him 1 disagree. ;"
Senator ingalls,, of Kansas, said:
There was not coin enough in existence
to meet in fact thousands part of the
commercial transactions, and specie pay
ments never would be resumed In
fact, the American people were not par
ticularly welded to coin as money.
They believed coin and paper money
were created by law and had precisely
the value that the government issuing
them declared they should possess
Gen. Ben Butler, of Massachusetts,,
said: II look on greenbacks, based on
the strength, the power and wealth of
the country, as great deal better basis
III prosperity CAoA oAy OAO pIOUuCL VI
the country, whether wheat, gold, silver
or confidence"
In that debate over the silver bill, in
1873, no member of congress displayed
better Judgment that Gen. Butler.
Look at these figures, which we get
from the Utahnian:
Amount of mortgage debt on farms in
the United States, $6,O19, SIS, 1856:
amount of our public debts. national
state, etc., SIT ,879, 800. Total, So, 1884,
559,975. Amount of money in the
United States, including gold, silver and
paper, $1,604.131 ,908-more than one
third of which is held as reserve in the
treasury and in bank vaults.
Leaving this reserve fund out of con-
sideration, there is not money enough in
the United States to pay interest on our
public debts alone for one year at per
cent. Then where is the money to come
from to pay the interest on the farm
mortgages?
AS Mr.. Blaine said in the senate, in
1873: "The American people want an
abundance of good money"
Harvey estimates that we need 81, $780,
O00, 900 to do business on a cash basis
Suppose we had that much currency now
in gold and silver coin, how long would
it be before we would need all the gold
and silver coin on earth to supply our
necessities, the whole amount being on
ly about seven billion dollars.
With only 81 900 900, 900 of money in
circulation, according to the treasurers
report, it appears from a book entitled
Coinage Laws and Appendix" that the
total deposits Of our people at certain
day in 1893, in banks of all kinds were
$4,848,862, $50; and the loans of all the
banks at that date were $4,769, 879, 495.
Three times as much money as there is
in the country.
Evidently this system is good thing
for the banks, and they are all against