New-York tribune., 1896-01-29

l. rot glfted Win more lntH LniS'' p'NNi' ann
able 10 throw into the shade all the perform
ances of Aladdins lamp or the Foriunaius Wish
ing Hat It's practical performance VIII ai'oniSh
some Of It's nurses. To be sure il might "orK
in Your mind with Il few stalwart falsrhoois
70 help out. as the latest Democratic tariff has
raised sufficient revenue according to the l'rcS-
dent and his Secretary.
The issuc Of cold-bcaring bords for $aooO0O,-
600 TO retire The outstanding Srccnbarks is by
itself Il practicable proposition. if entirely M
wise aDd amazingly impractical as respects pub
,ir opinion. If il could once be adopted, tbs
plan would 10 doubt retire srecAbackS win
great rapidity. either by direct exchange FOR
cold bonds or by the sale of bonds nomna!ly
for gold and redemption Of notes in gold. Not
an extra dolIal of tine gold nce1 be brought mo
the country during the course Vt the cXclAhG''
hut a great deal would have to corn" into tIc
country aftcrward if thc payment Of interest
were mlintainci The legal tenders could mus
Inc gotten rid Of Il; Il cost to the people OF Si''-
oo000o 10 S2o.OOO.00O per year, because gold
bonds micht probably sell in the notion that The
cirrcncy Of the country would hus be forever
sovcd ,rnp sini,ing 10 II silver basis. But what
hone or security would there he if such bonds
u
Where would The country he able to yet the gold
for payment of single years interest. or oh'r
oblration~. National or commercial in foreign
counlr!esy
The coinage Of silver without limit ana Win
OFT charge would n once supply thr country
with "A practically ininii" number "f Things
called dollars. and under existing laws. with Il
practically Infinite number Of siiycr ccriicateS
rrprcscnting these same things and nothing else
There could not hc, even for IN hour. the ten
dcncv to uulift the silver coins or notes To the
level of gold upon which every dcccn;ly pltriGic
silver man. however mistaken. relies mainly
for The safety If his scheme. JuS as irrr com
age would kick the only merit ou' of the green
hack-rctrins plan. SO The sSlc Of g"id bcnd'
without The slightest power 10 E'i gold ior III
,crcst or principal would cXlnguiSh the Only
fain, chance the frce-coinagc scheme could nave
of sucrcss The eminent Democratic statesmen
who devised this scheme presumably consider /
the cold faciion and the Silv,r faction HS nom
comnosel # cranky theorists. both charged
with infinite mischief to somebody. ana i'liic
uIarlv 10 the Democratic party. and reasoned
tr,t if their hostile theories were carried ON
together. Kilkenny ga; fashion. the result wou1
be DrSSlnG l' Si'H' N'"''>A'' u "''' ''''''
theories or principles in other words. to the
Democratic party
The House of Representatives IS not THIS y"lr
= flllow field for the cultivation # all s9riS OF
financial fooshncSs. Mistaken as the silver
fauatics are. most of them will utterly refuse
II is probable 10 expose their theory 70 test
under palpaby fatal conditions such aS The son
atorial "compromsc" would involve. ~ for the
so-callcd sound money Democrats. if thcy are
can1hlr of Swallowing the free -roinag' pill with
= cnld-hond coating they can swallow any
thing. That would forever measure Their IN
tclliscrcc and their pajrio'i>m. inst as ih" high
water mark along the scashorc j. recorded by
tie accumulation Of refuse AMI aih