The sun., 1896-10-18
ETHAN ALLEN ON SILVER.
AN INTERVIEW WITH THE MANA
GER OF GREELEY'S CAMPII0N.

/
. SssS,.n I,s.,, .s. %". n.,s
|
| Whhe ne hVeo' anu siont as nellVeo' horace
| oreeiey NNe 'no i.s' i',eu Va 'uo hnsE'oHh
farmer "he'hor n'' "uN.oe was always cor
reot' is Oh no 'upor''noo "ow ou1 ms neart was
always IN Che r'gn' p,Hoo "hen oRricu'tura 'n-
| terests were INC suoJoo' y. uisouseion. htnan
hiieh ""s 'uo y. .no Na''one' ooin-
mntoe "n,ch u'eu ~ m.Ne Mr' 'reoey fres'-
ueh. oi INC Nh'te" o'a'0s' Hnu perhaps can
speAA ior uue si0Ss o".,Vi so "o'l A' any otneF
in"h ho" "ink. WI. ahe" "So a'Aeu tne otner
a'S why no neu n'e wv" up"" tne stump ~
ueuei IN tne campaign
was ssAou. sN -" Wy 'ne Nauonei
Co"'ns'0o enu " ~ ,, A" ~ 'uis i"SE 70
RNe tnis SERVICE "uu inse"uou uolnR 30. But
iii heath iorseu "ie " she rear nave uohe
my snare VI Iho. "orA oiuos Lincoln was the
canuiusIe anu otheIo onouiu ho" carry IL on.
Nn correct 10 say 'naI no,aoo dreeieS would
nave oeen not LOT mehinieS were ne alive.
lie was however. the inr"ier etrieho oelore all
other classes ana "e,e he sa.'sneu tnet unilm-
lieu iree ooinsRe "ou'u oeneht 'ne agriculture
ist ne "ouio nave pushou inns iuea sionR' re-
Raroiess Vi MS hepu'i'ss"ien,. Ut h's "el-
known protee',No oeu',nen1' h"e iMiher hoio
no secondary piace III ME heAI.. but MS Whoie
lie was reiutatlon Oh oiiutca currency.
MONO khe" oet'er 'n"n 'i''e kf"hu oio nan tnat
money was ou' 'he 'hi"t Vi ooinnierce anu that
IL d'a not oohtroi eoni,neree' hiter the civil
war IL WAS no VINO leu '"e ""S iroih an expand
ing paper currency 10 Ro'u oae' oy MS ed'ot
the way 10 resume 10 u reSuhe' rms phrase
became the shiooo'otn oi p@rHes' anu was ioi-
lowed 10 succeselui demonstration.
John sherman VINO omcia'iy conducted this
nation from huetua'ns eea VI Rreehoacks 10
the Solo Grounu oi com hao III horace 1reeiey.
ms mos. heip'ui eo'aoorer. in .ne herce heatot
that nght' whiio IL was eoh'ehoeo that green
pacEs should redeem our oohos anu become the
currency ofthe repuoire-tne quahtity TO De. ac-
coraing 10 the aoiiity 10 PRINT tneH-he SAID TO
me: ou might rs Weii .eRisia'e that the wind
shall oiow northeast on the fourth OF July. as TO
nx the Value OF paper currency oS iaw' Here
is epitomizeu the "noie arRutnent' YOU can't
legislato against the laws of nature, for nature
na, sor,o,h,n e., vol, ,,n ,ro,s, th.,
mas something 10 sell VIII nsist that ne is getting
a law Of na,ur. not commerce. and al, III. T.so
,.i.,rro, 90, hIod c.r,t oh.r,ou a. IT,
by this law. he won't take silver II silver is of
LESSER vnlue than nny other currency In th.
onn.. Te,. 'bsr hs,nua % ., ,soo -, tao" ,,t ~ n .ne
question: @ Can Car the Government by It's ,a stamp mp
make silver in endless ouantitIes the equivalent
of gold ? Bryan and his follower. say it can
ot s.i'er the uo'e.ninen. oah eon'roi ana carry.
Unlimited free coinage. and this is the Bryan
swamn m. Gnyer,ment Ir,, ,s NJ cr.aIov
swamp 'he "o'ernneut 'us' as Hir' ureeiey
become a acurrepcy without Foundation Of coin
A., .,..... -,
1T is true that in Mr.. Greeley's day silver
took It's nil es tn eoual Of gold in the resumn
tIon ~ sn.ci. novm.,,. hrt thio ov,s .,vor %,
,oh Oh specie payments, out TINS was silver 10 q
and unlimited silver now would be as disastrous
III mr. "reeiey eeFes' "ere nc a',So 'o-aaS' as
were free issue Of irredeemable Ereenbacks
ino n NJ Cr..,.v for oorn.., thn,,h !, nn,r.s
ihk 70 ,hf. ore'iey G ior eounsei. 'noush ~ comes
their advice. and teachings, though dead. are
often the safest Guide ,o tho living and the
State which despses such counsel may miss the
path OF safety.
are. A most natural result, since the nation is
made up of individuals, and the whole partakes
OF the weskness OF the parts we .re al netnr-
for any pressing relief. Once start the idea un:
der sanction OF law that silver shan be coined
as the relief OF stringent money market. or, in
other words. as n relief for hard times. and that
coinage will be unlimited in amount, regardless
OF po'itifal platforms. And as before
stated, the bulk resorted to In coinage
would strand business, with resulting ruin.
fair amount OF silver Is undoubt-
edly good thing. That fair amount
We have silver has been coired already M to
in the fact that, outside OF the NATIONAL Mint. it
has fallen to one.hetf Of Its coin value. There
Tore on its own intrinsic worth II cannot stand.
ms, then, Is the danger point, which stands
I3rth as warming against It's further use by
the Government. because any additional value
lmparteu by the national Mint Is fictitious
value ana grows from the national guarantee:
amounts. THIS same may be said OF water. 4
thirsty man would teei reiie. ed oy go5lettul.
but he would be choSed If forced TO drink a
barrel.
How surely termination Will lead people on
is lesson taught from history. In the Revolu-
tionary war C9nEress resorted TO paper money.
Inc volume not TO go beyond hIed point. This
worked well i9F q time; out the hour or tempt"-
ton CAME and then some extra millions came
forth: ana so on, TIL the 'shinplhsters' Of the
ReLolnlion ieii to three cents on the dollar
1I,sa 6nu mere or we lnap say II daccora'hE 70 M.
stamp npon thing to give 1t liked
value ana SILVER is no better thnn paper In THIS
regard). why did the heroes OF the keyoutiol
hnner so much from uepreciated medium OF
exchange III spite OF tho action OF Coneress2
The answer don,t DO thRt the Government was
then weak. Inc Government was strong
enough even then 70 tnaIhtalh IN circulation a
reasonable quantlty OF paper. comp9rting with