Pine Bluff daily graphic., 1896-01-19
SENATORIAL DEsTRucTlves.
Cheap Money Agents Blocking Nationa
 Flnanciai Legislation.

Gncap money Agents Biockfng Nat1Dn&
 Financial Legislation.
 A Washington telegram to news paper which has rendered itself notori- ous for it's free silver espousals says lit seems to be the determination of the free aiIverites in the senate to make every effort on behalf Of free coinage, and to impose their favorite proposis ton upon every measure brought be- fore congress" It adds: "If they can bring about a condition in the treasury by which the gold reserve would abso- lutely disappear and the treasury be placed upon a silver basis they would be quite satisfied with the result of their (cviD work"
 Of course they would be satisfied with that outcome and it's disastrous conse- quences. That is what they have been working for all along. They have pre- tended to be "bimetallists,' but are de- termined to have silver monometallism with gold expelled if they can bring it about by any means open to them. They may clearly perceive that with the gold dollar having a purchasing power of 100 cents and the silver i'll u silver dollar only 50 cents it is utter nonsense to talk about bimetallism. They know that the half-value dollar will drive the full-value dollar out of circulation just as soon as free coinage is adopted, which they ardently de- sire to bring about, and that is why tiey so desperatly resist every effort to maintain the gold reserve for the re- eemption of the greenbacks and the Sherman treasury notes in 10o-eent dol lar money. They see that if the gov ernment should be compelled to redeem those obligations in nothing better than half-worth silver the silver cer- tifcates at once would be recognized as having none but half-worth back ;ng, and the national bank notes follow suit. So they think they would have great cause for rejoicing, as it would be over complete success of their cataclysmic scheme if they could stop the gold supplies so as to bring the gold redemption fund down to the zero point, when the paper obligations of the government must be met with 50- cent silver dollars or not at all.
 u 0bIdlY Cttll pt SNiI1i1Optu llOsslDiC that these enemies of the eountry's prosperity could carry their nefarious point; but if they succeeded their sat- isfaction would be short-liyed. It may be they would gloat over the financial ruin of hundreds of thousands and the industrial paralysis that would reduce millions to want. But the terrible pe- cuniary stringency that would follow the expulsion of gold and the fall of the remaining currency one-half in value, thus reducing it's working power one-half, would bring out clamorous demand for an immense issue of paper currency to fill the void, and the prob ability is that the populist element would prevail so far as to make the paper so fiat in it's character that it would drive out the silver as effectnally as the free silverites had driven out the gold. This evil would be corrected in the course of years, but more prob ably by a return to the gold standard to the utter exclusion of silver, except for subsidiary currency, than by adopt ing the free silver crankery which had iprecipitated the mischief upon the peo- pie Then the silver maniacs would curse their own folly in not having suf1i- cient sense to let we'll enough alone.- Chicago Tribune.