The evening times., 1896-07-15

Philadelphia, July 15.-Jay Cooke, the
veteran flnancier, who successfully placed
millions OF government bonds during the
civil war, was interviewed yesterday ON
the money question.
What Is your opinion on free silver?"
was the first question asked.
The opposition TO the free coinage OF
silver" he replied, lis crime, a miserablc,' :
crazy notion. I'll had the doing of it there
would be no room for a gold bug in this
country. The single gold standard would
ruin this country; positively ruin it.
have seen in my time silver superior in val
ue to gold, and its depreciation has been
caused by its decentralization. The silver
dollar was the unit OF value until 1873,
when there was per cent premium on
the metal. AT that Time the value OF sill
yer was 3 per cent moretl,a that of gold"
What effect did this have on the coin
age?"
There was no bullion presented for coin
age except that which the government was
compelled to buy to furnish subsidiary coin.
That had been adulterated.''
Mr.. Cooke then picked up book and
said: Let me read you what Mr.. Car
Isle said in 1878. before he was allied to
Cleveland and the gold bugs: According to
my view of the subject say Us Mr.. Carlisle,
the conspiracy which seems to have been
formed in this country and Europe to de-
stroy, by legislation or otherwise, one-half
of the metallic money of the world is the
most Siganticcriine OF this or any other age.
The contamination of such scheme would
ultimately entail more misery on the human
race than any war, pestiience and famine
that ever occurred
QUOTED FROM CARLISLE.
What more could you want than that?
said Mr.. Cooke. 1t was true then, it is
true now,' he said, einpbaticaily, shak-
Ing his foreiinger on the reporters knee.
Continuing, he read from Carlisle: - The
absolute aud instant destruction OF half
the movable property OF the world, includ-.
ing horses, ships, railroads, and all other
appiicances for commerce, would not pro-
duce anything like the prOdigious distress
ana disorganizahon OF society that must
result from the annihilation OF one-half
OF the metal money of the worl4
These rcnarks OF Carlisle were made
on February 81, lS7S,'' said Mr.. Cooke,
'and they are perfectly correct. Why is
this so? Why has IL come to pass? We
already have begun 10 get its bad results,
and unless 1T is righted promptly the
calamity will be great
In the first place the Stiffness Of this
great nation, With It's vast Industries, is
nothing less than remarkable in refusing
TO make silver the equal in monetary in
flnence to gold. There would have teen
ncne II the disturbances that have lately
happened but for the breakdown i'll silver"
How do you figure that out?'
Because we are growing and have hcen
growing rapidly and we need all that we
can get rs 4 tasls OF value. We need both
gold and silver. The government credit,
the business credit, both are based On their
metallic ability to pay.
The most terrible thing of all was in
1873, when silver was demonetized, which
was done under a Gelusiun. You will find
that most OF the Senators and Representa-
tives did not dream that they We're about
10 demunetize silver. They had no such de-
sire Then instead of righting the uista Ike
they passed the Bland bill.
WILL VOTE FOR MCKINLEY.
They were 10 buy $4,000 900 Of bullion
month. They always bought only S2,-
100000 worth month. Everything was
done IL keep down silver. The whole his
tory Of it Is vile and outrageous.
Just think OF the fearful danger the far
incrs stand in continued Mr.. Cooke. III
they knew it they would rise in their might
and sweep away those devilish politicians
and gold bugs
But, Mr.. Cooke, III case or free coinage
what about the 53-cent dullars?''
That's all humbug," nc replied. Wasn't
silver dollar worth S1.03 before they
| demonetized silver? AS ! haze said | have
seen time when silver was worth more
than gold. AT the time OF the enormous
California outputs Of gold it was feared
that metal would lie pIace1 in the same Do
sition that silver is in now.
"The worlds onward march is rapid.
If gold shall be tie only basis of exchange.
the progress must stop. We must have more
money to oil the machinery of exchange.
believe we must get back to bimctallism
before we reach prosperity"
Then You willvote for Bryan and Sc wali?"
asked the reporter.
NO; will vote for Mckinley. with the
hope that he and the Republican party will
see the error Of the gold standard, and i'm
medlately put silver back in the place it
heInnps -