New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-13
STEWAhT. AGAINST STEWART.
REAL, CAUSE OF THE DECLINE IN THE
.s@ VALUE OF SILVER.
.rHs SENATOR'S TESTIMONY UNDER OATH AND
HIS uNswoRN DECLARATIONS FLATLY
CONTRADICT EACH OTHER.
rnY TELEGRAPH TO THE rRrBUNE.l

HIS CNSWORN DECLARATIONS rbAAH
= CONTRADICT EACH OTHER.
IBr TELEGRAPH TO THE rRIpUNE.1
Washington Sept l2.--It seems TO make great
difference to many peopIe--even to some senators
Of the United States-whether or not their tesu-
mony In regard to economic questions Is given
under oath There is the venerable Senator Stew
art of Nevada. for example He has had many a
hard tusse with facts In his time especiais III
the last ten years. and has usually peeh "ors'eu'
But no defeat daunts him. As soon as he RECEIVERS
his wind he is as eager and ardent for announcer SET
~ as was the pale youth whose onesided encounter
with Pip IS described In Great Expectations.
For the last ten years at least. Mr.. Stewards ume
mas been largely occupied In denouncing the crime
Of 1879" and asserting that II has peen anu ~
rcenons ibe for the steady and heavy cechne IN
the commercial value of silver bullion. lie "ou'u
NOT consent 10 admit for instant that any other
cause whatsoever had contributed to that oe-
cline
At first Mr. Stewart soemnly denlcn-ou' "o.
under oath--that he was one OF the Perpe""'o VI
that .crime" When forced TO admit that the
contrary was true he solemnly asserted-but not
under oath-that he had ignorantly voted IN FAVOR
of measure the provisions OF which hao oeen
repeatedly explained and discussed IN congress
during a period of three years. while ne was !"
member Of that body from siver-producihs o'a'e.
and that as soon as he discovered the crime
ne began to denounce II and It's authors anu
would continue to do so as long as MS piea'"
mained In his body. until the crime "au
been avenged This was brave taih, iiue.
and II made some impression until Mr. stewart
sneeches in the Senate Of the United States In 1914
were overhaulcd and the discovery was mace tha'
ne was then--only year after the ciinie was
committeeman only cognizant OF the lac's' ou' d"
stout and sturdy advocate and derenoer vi 'ne
gold standard When these facts were MADE pun
lie he solemnly denied them-but not under oa'h-
md accused 2 brother Senator, in coarse, Nlupera
tive language of garbling his speeches ana MS
representing his attitude. The accusation was not
true as careful reading of his speeches. them-
selves will convince any Intelligent man. "he'''e
he be a free-silver man or gold Dug .
So much for Senator Stewards unsworn tesu
monv in regard to the Crime of 1879 and his part
therein Now for his sworn testimony IN iee"
20 the real cause Of the depreciation OF sii'el' io
was in Washington in the spring of 1876 ai'housh
his term as Senator had expired IN MaiVi' ~
and he was In close touch with puphc men anu
r,h,,c o0airs The agitation In favor Of the re-
,nonet,zation OF the standard silver dollar ana i's
free and unlimited coinage had begun inon'"' "
fore Bland and Kelley had introduced ii'e
eee bills In the House Of Representatives, anu NV
subject had been repeatedly dlscusseo anu We"
sin under discussion in that body by such men as
Bland Garfield, Kelley and others. In me oehe'e
also hills were pending, and the subject was peihs
discussed by Stewards former colleague oeO Co,
Iones--who delivered speeches in March anu APP.
Sherman. Morrill, of Vermont. Booth McDoh''u,
least knew by that time that the STANDARD sH'e4
su va hean dropped from the authorized CON-
90 ~ tho United States. and also that the price
OF silver had fallen. 1t would be an insult 70 MS
intelligence to suggest or even mint '"a' WI -,
art did know these facts or mas mas he mad not
carefuliy investigated and studied me cassd Under
depreciation In fact, he and had discovered
cause of the fan in the price OF sser ro tho COM
re on Foreign Affairs of the House OF hepIg
sentatives in the Emma Mine Inv eneTested. and
nae an active promoter of the enterprise e h h
faith in the sre General OF ane to
siockholde and arectOr L bss test MS eS-
ing ana WIN he wanted that brought to an END as
soon as possible. In the course Si ouiS Marcb 81
'Mnes have their ups and downs and eveIypo e1S
.aroiIIar With mines must know IT, nave Deeil Nei
familiar with these bonanzas could give you
history of nearly every one three or four Years ac
Challenged the world the s5Gek mas se they struck
rate on ssSoynd and they have been in it ever since
They are down over tWo sn eants ever
ana ana inc That is the fate of that mine; The
0nhir another great mine on the ComstOck, pau
dividends the oa eaf a5on Ti and they
easements ever since The ceeDrateu n1i dcain,
the price of silver were sold for song ive years ago
They showed asO n on fee ee there opens up tn
most enormous bonanza known IN the world Miit EN-
bopsand dollars five or six years ago is now WORT
a great many millions. and they are taking out mil
lions every month 49, ..c-,,,o p, 1879, &c
cause Of the depreciation in the price or SILVER 6e
tween 1879 and 1876, Not word. even about the dc
moneiizaon of silver by Germany In 1871 as GAYS u
Of The depreciation In the price OF silver between s'
and 1876! No. Mr. Stewart. who had carefuliy IN
vesgated the subject testified under oa,n thaI IN
output OF silver bullion from the mines OF the unite
States What had the deprecat9n ana 'he increase
oI1 I'M ls the ayeraga Value Of the fine silver con
taned in standard dollar Of l2l2 grains was sOVi
S SeT mines ge' Of the tned states amounted
ne 4Snf io ss S5i in ie the total oStpu
amounted to 100000 fine ounces and the tot, Iota
had increased 2,45s 600 ounces. about per cent
and the total commercial value had decreases
This depreciation, according to Stewards sworl
testimony, due to the enormous producti93n Q
standard silver dollar average for the calenda
YEAR, was sos cents. which was 3Sg cents or NOR
than 43 per cent less than IN S IN 1SyS he
Smppunted to So 737 600 fine ounces. being an In
crease Of Over bs Of @ and the total
ya,ue amounted to s3s445.ooO being an Increase Q
only about Ser Sent 9ysr b shas Of n }
oathgoes up and down the Land vocera nd .na
and only of the vse Of aS ur
lion has been and is the Crime OF 1878, ana i5rya
and ali the of the Popocratic crew ]on III u.
chorus and assert that all that Is needed 10 carr
me Standard silver dollar Immediately 10 par an
feen IL there is It's free and unlimited coinage b
the minis Of the United States without the al
or consent of any other nation on earth. ,o
Senator Stewart is man OF many ana pecd az
resources but even he will find II somewhat am
cnlt 10 reconcile his sworn testimony before IN
House Committee on Foreign Affairs In 1910 ana nj
unsworn declarations In 1870
-.~ IT AMUSED THE OLD MAN.