New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-03
PASSING OF THE SILVER ChAAE
THE VIEWS OF AN ALABAMA DEMo
CRATIC CONGRESSMAN.
PRACTICAL REASONS FOR BELIEVING THAI r"N''
COINAGE WILL NEVER BE ESTABLISHED
AND THAT BRYAN's DEFEAT
tay TELEGRAPH TO THE TRIBuNE.l

Is CERTAIN
TRy TELEGRAPH TO THE TRIBrNE.l
Washington, Oct. Zone OF the most ois'''e
Of the Alabama members of Congress saio 'o-uay ~
a Tribune correspondent. In dscussi"s '',o N.
situation: There are 1900 Sound Money Democ'a's
in Alabama whose votes will be withheld from
prvan and Sewall Some Of these will be cast drec'y
for Palmer and Buckner others LOT 'iei' 49,,
Hobart but many of them VIII not pe si'e, W 80
candidate Numbers will be content 10 au""' -,
negative rebuke for what they consioer INC -,
of their party principles The projected coaN''on =.
Renublicans Populists and Sound Money Democrats
has fallen through In Alabama. KENTUCKY WIN p'oo
ably vote for Mckinley. and likewise Ma! IAN, az
West Virginia think there Is no chance ior D''a
TO be elected The free-silver movement Is not "o"
as strong as Il was only little while ago. IL s'o"
steadily weaker This Is not to be wondered IT. <>'
men examine the question they become co"'i,'e1
that free coinage Is deison VIII 20 r"e, ,""''
that even will say that 1t Will never DC any INNS
else No matter what happens, no matter IL even
extraordinary economic changes are brought ABOUT
and I will admit that there must be some time
radical departure from the present fiscal ana hhah-
cial systems-free coinage of silver VIII never oce"
again among the civilized commercial nations nd,
era in economic history Is passed-that DOCK c'oSeN
forever.
"sneaknp from the point OF view OF Sou,herner
I'D = Derocrat 7 feel sure not only of this. but
also ~ another thing: The tariffs hereafter Will DE
! lower than the Mckinley .arin was. ana coiSFuc'eu
on a different principle. no matter WHAT par! 10 "
control Protection there vii! and must De- Dut no
prohibition. One thing is overlooked py 'he super
fetal orators on the free-slver side-'he force OF
competi,lon the excess OF supply over demand ana
the conditions of trade they exist IN the world
We are not an isolated people. The price OIL cotton
of steel rails. of wheat and great many other
articles Is fixed by the surplus, and not by the
amount consumed. Since the war period IN the
South we have sometimes produced 100000 bales OF
here has
of other countries. the number Of bales taken by
the manufacturers. So long as we exceed the sale
limit of production must expect low prices. Inc
prices Of leading agricultural products are iAeu
| abroad--in Liverpool, say. II we raise 100 niue"
wheat or too much TO supply the worlds marts
that is IL Russia and Argentine shall compete IN
producing wheat. Egypt and India cotton ana 'ne
total product shall be greater than Is taken up %
COMMUNICATIONS goes the price 80 IL Will De d.
ways The lack OF free coinage has not done H.
will saw In any measure whatever " III any oH'
stand 10 and declare that The price OF qunlne mas
been affected by the soppage OF silver free coinage
wnen he knows that ceylon and me Du'ch pos
sessions vie with Peru In the production oil GIN
chona?"
The distinguished Albanian. who has practical
mi,d continued: AS | said. will never have
free coinage no more by international agreement
than by the separate action OF THIS anu o'h''
nations The world has advanced and Is Advancing
so fast that II has completely gone by that stage
some mysterious way necessary 10 the freedom oil
| IN. na.se. is not tenab.e. ] am as much In favor
d. liberty % any Other American. ! do not recog-
nlze ANYTHING essential to liberty any more than
anything necessary 10 economic health IN the Nee
coinage OF silver On the contrary. But no matter
how that may be. shall never have free COM
age any more. A different system may be sub-d,
u-i Tor the present but the goa sanaarn VIII
be perpetual because IL II adapted 10 'he c'"e'ea'
uses o civilized nations - 49,. a..
nj .HNn TO nj
| furious to public interests doubtless. mere N d
hInatons OF capital which are beneficial to the pun
lie and those which are not When,vT i %
and thereby the industry thrves ana the people AZ
large well the managers and employees get ad-
vantage f. the trust formed Is wise ana proper
and is a legitimate object OF encouragement II Is
| otherws. when men are thrown out OF employ
affected for the benefit merely OF the persons De-
longing to the trust. The whole question has been
welfare OF society does not depend upon lisensate
| abuse OF all corporations and combinations OF men
sensate abuse and Misrepresentation Of the facts
tend public injury. But the people see through
cease to avail anything No. We want here and
| everywhere recognition of sound economic prnci-
pies and honest application OF them Such trusts as
are Injurious should be- put under the ban or law:
| such beneficial to the public should be let
| alone in our legislation or encouraged.
AS for prices. We may ncver-probaby Will never
See cotton or wheat go to the hgh-water mark of
the past. believe the former. unless something ex
traordinary should occur and produce a temporary
| rise above that figure. will never bring again
greater price than II cents pound. The thing to
do is adapt ourselves to existing conditions and
cease dreaming OF a return TO an impossible past.
The world Is always progressing. society rests on
stable foundations and our people will prosper
whenever and wherever Is possible for prosperity
| TO be- TIL" country Is reasonably prosperous to-
day and II there Is any lack OF it anywhere is due
to pursuit OF n will-o the wisp. and because
| we do not have the double standard"