The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1896-01-31
CUTICURA SOAP purifes and Eeautifes the
skin by restoring to healthy activity the
CLoGGED, INFLAMED, IRRITATED, SLUGGISH,
or OvERwoRKED PORES.
SENATOR NELSON ON FINANCE.

In the early days of the present SEES
sion of congress, in regard to the
reference of a resolution Senator Mel
son happened to vote with the silver
crowd. 1t was matter of little i'm
portance, but for the reason of that
vote they have since claimed him as
one of their number. But to Minnesota
people, who have watched his career,
and were familiar with his expressions
upon financial questions, the claim
that he was a free silverite, Is to ],
afforded more or less amusement, and
it was said when the time for action
came he would show himself all right.
And they knew wherein they talked.
Yesterday afternoon he made speech
on the pending bond bill, which was a
strong plea for an honest and sound
currency. He:said, in substance, that
the free and unlimited coinage of
silver at the ratio of 16 to l, by the
United States alone, at this time and
under existing conditions, would de.
stroy the last vestige and the last
hope of genuine bimetallism and
would reduce this country to pure
state of silver recommendation, with
Mexico, China and Japan as our chief
metallic money associates. He said a
metal might be purely coin and yet be
powerless to maintain itself in circu-
lation. Continuing, he said: GAS
long as the cheaper metal can be ex-
changed at will and the public believe
it can be so exchanged, dollar for dol
lar, there is no object in retiring the
gold from circulation, 1t is this prin-
ciple of nterconvertibility in law and
practice that has kept and is keeping
our large volume of silver currency in
circulation on parity with gold. The
law directs US to maintain the parity,
and this can only be done by main
tanning interconvertibility as long as
we have the power and ability to
maintain this real bimetallic circula-
tiOn, in which [ believe with all my
heart. The American people are in
favor of ample and complete bimetal-
lie circulation and it is because they
have good ground to fear that free
and unlimited coinage would destroy
such bimetallism that they are op-
posed to such coinage"
This is strong position which can
not well be controverted, By the way,
Senator Nelson is taking hold of the
questions of the day in clear, forci
BILE manner, which is well calculated
to make the older heads of that body
dizzy. There is no standing on cere-
mony by him, and if his business-like
way of going at things was followed
by his fellow senators, the country
would soon secure the practical legis-
iation it needs. His remarks upon
the tariff and the condition of the
treasury short time ago were right
to the point, and suggested the prac-
tical way of mending the bad ways in
to which the government has fallen
under Democratic rule.
1t is very evident from the Senator's
remarks that the free trade and cheap
money gangs in the senate, which are
attemplin ing to hold up the govern
ment, will get neither sympathy nor
help from him. He has pointed out
the dangers from their course in a
clear, forcible style, and the more the
people ponder over his words and look
at matters in the same practical man
ner, the stronger will become their
conviction that Senator Nelson is
right.