The morning times., 1896-09-01
Free Silver Indicative of Distrust.


The Government either exercise right redeem
retire all silver silver certificates circulation and
leave nothing but gold legal tender
willing outline financial which will their
policy to its conclusion or viii they M Mo- to cloak @
Speech.
When the necessity of the two last bond issues
being considered THE TINES advocated the redemption
Treasury notes in silver of diminishing the
demand gold reserve and eliminating of the
of the endless chain SYSTEM but both the Pres
and the Secretary of the Treasury construed the
word with which the notes issued under the Sher
man act were to be redeemed, meaning 'god," and
following the advice of distinguished New York 6nan
the bonds sold and the endless chain system
of enrching gold spectators continued.
1t is reported that the Treasury now holds about
So 600 900 silver coined from the bullion purchased
under the Sherman act which will be used redeem and
retire the Treasury notes. is also claimed that during
the three years $7 O0O of the S155 O02 of
Treasury notes originally issued have been replaced
either by silver dollars silver certificates and that
entire amount will be retired possible The
exgences of the Treasury doubtless made their reissue
necessary during the past few years. but that
revenues increasing and mnts busiy engaged
Looming the bullion purchased under the Sherman op
portunty will be provided take up the Treasury
with silver fast presented. That is way the
gold reserve may be protected.
The rapid influx of gold from Europe drawn here by
increasing interest rates. also indicates that there
no longer any danger of raid the treasury. Gold n
London goes begging for investment and when foreign
money holders feel assured that the United States will
go to silver basis, there will be sufficient foreign
capital invested in this country every idle mill
and give renewed life and vgor all branches of trade
and commerce.
The thing this country needs make it the most
prosperous the face of the globe is freedom tariff
and financial agitation. Capitalists will not venture
iu6 r;re
enng the enterprises already operation long
silver is threatened tariff tinkers tamper with our
revenue policy AS nation must adopt and adhere
to standard tariff and financial policies. Hard times
and their adverses will then longer obstruct general
prosperity. The opening of mints to free coinage
would greatly complicate the situation and indefinitely
post the further investment of foreign capital
stead of importing gold, doing, such as is
now held in this country would be withdrawn payment
for American securities returned from abroad This i'm
mediate loss to monetary system would amount to
hundreds of Millions and the Sverite party provides no
way to replace it.
In fact the entire proposition of free coinage is
based impossbility Should it carry coming
election there way put it in force without muz
zing the sound-money Senator's and that be
done without resortng to violence free silver could not
become financial possibility. Those who believe the
fight will be ended at the polls matter which side
wins, reckoning without their host. Mr. BRYAN has
already publicly declared that if silver beaten in No
vember the contest will be continued until victory is Won
and there little probability that the soundmoney Sena
tors will allow their country be dsgraced by repu
daton of part of its debt long they muster
strength to oppose the passage of freecoinage BILL
OF the two evils should choose the lesser. By
continuing present monetary system avoid
money famine and gradually restore confidence in our
financial stability. An attempt to inaugurate free
coinage policy would precptate panic and result in
wholesale distress The of free silver is Indicative
of distrust and nowhere in the civilized world is the
policy recognized safe and reliable. Among those
who prefer to defraud their creditors who care little
for their countrys integrity free silver may foot
hold But every wemeanng citizen, who feels an
interest in the welfare of the whole people and who
believe in national honor and individual honesty will
repudate this mistaken theory the polls and pros
perity four hence will prevent it again becoming
oil f;c,1;