New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-07

mao lar ss s,i,erc"tton and wheat for example
in comparison with the annual p.oo"I'o o,ro II
which that Of silver Is insignihcant. ~ o', a'
rico I'm the price of these commoditleS' VI go '
a guarantee against the unusual decline III VIZ,
nrices would have en,hted hiuch "a" no
r.m be-: of needy producers. copper en ~ ohs
in the value of It's annt ptooI1 o,,r r,,Iions'
seven millions building stone by 1our m.io. III.
coal by over one hundred millions; whne p'n,a,
toes which have recently hardly cohl iIi,'uI ,
a price sufficient to pay for dlSging, sxc $780,, h
,.r In tho value. of their annual production ny
more than ten millions. The Goverhnlen. ~
DAVIS past has done great zeal 10 'i.'i, nh, n
the domestic prices OF dig iron, une r,nre ,han
duct of which is worth very much more ,..-'
orr domestic product Of silver; but the auVo-
Gates of protection never proposed 10 puy P ieo
Of iron and stack them uD unused n u, W, ,ho
of the Treasury for the sake or oenehths .nc
iron Industry The entire market value Oh 'ie
silver product Of the country Is not suinceli, 10
pay the legal interest on the totai 'a'"' VI ~
other mineral products.
QUESTION AND ANSWER.
When the question was Familiarity put by the
writer to Senator Jones shortly AFTER DIS re-
morkable economic conversion. why he had
changed from an ultra -frec-trader 10 an ultra
nrotect,onist. his answer substantially was;
Don't you see it, David? How could ask tne
Government to regularly purchase our product
of silver and refuse to ave the iron manuidc-
turer in Pennsylvania the tariff protection
r,hich no needs to maintain his prices? Let
cororaes discontinue the purchase OF our silver
o,,d ,,ou will see how ultra n free trader VIII
soor aeain become" And the threat Is evidently
+, tho nrocess of contamination. when the adVo-
cotes of free coinage in the Senate-ncludlng
Senator Jones-announ that no revision Oh
the tariff in the interest of protection snail pass
Congress- which does not provide for free com
age Of silver.
The above two devices for the benefit oil me
millionaire mine owners having compietei'
failed. they have now devised third more SUI
tie and ingenious. which has captiyatea anu oe-
guied no small part of the American peopu
nn,,eIv the so-called free coinage OF silver "ith
Tho legal-tender attachment. Under such pol'-
cx-once adopted-they could force the Du+ie ~
buv at an artificial and eXtraVagaht pI'Ce NJ
-, ~ b,lt the whole of their annual prrcWt 81
l,,'.o. mr. thev could take it-costinS ~ on ~
ccntq per ounce--to the mint and nave u .In ~,
and then virtually sell the resulting ~" " w
public at the rate OF lW Genus PEI - - aces
iiu,;Gation of debts and the payment ~ M,S.S'
II &c difficult therefore, in the race oi SUN ~ ~
disputable facts. to resist the cohciuslcn ~.
whole silver agitation WHICH aS ,, 81 a,v
10 NOT manifestng itself in any IKE desree III 'I'
thor country is the result or rasCdhs 'V"
spiracy of the silver-mn magha.es VI io e
West and certain politicians Whose dSp,' e ,,
are centred In the attainment OF olIiCe anu 9Poi
,rba evactions of the former further 10 IhciedS7
their great fortunes have aready cog. .''e ~,
eminent and the people CT the Cnl'eu o,a'e' -
sands of millions or dollars. - ho ST.. ~ =,
had ever been discovered in this country or II
discovered the Government had boughl anu
closed them up there never would nave oeeh any
silver agitation in the country
Has there ever been such selhsh ann uhpa..I
o,,r schemes palmed off in modern times on IN"
reople of any country? Ought not every sensible
American citizen that has given or Is sun ".
ing aid and countenance TO sucn q scHeihe' ~
hIvsb for the disgrace and loss which IT, mas en-
tailed upon his beloved country and It's Govern
ment?
THE GREAT AND ALLIMPORTANT CUES
rION BEFORE THE COUNTRY
The great and all-important question az pres
ent before the country is not what snail DE uoie
with silver. the craze concerning when mas peeh
founded on q wicked and selfish device OF the
American silver mine owners, ana WHICH Hhu'
no parallel in history except the George La"
scheme in France in 1I16, which proposed 10 EN-
rich every body by the issue OF paper currency
based on the predicated profits of company ior
trading with the East and West Indies, ana which
resulted in immense losses to the people OF
France and a complete wrecking of the finances !
of the state 1t is not the appreciation or goid
n il not bmetallisin and international CONFER /
ences and agreements on the subject, Whlch are
less likely than ever TO take place, because the
world Is beginning To recognize that l's iiei
chants will never accord except 10 a most iiiiteu
extent to the money metals any basis for eX- /
change other than the market price OF the pun
ion they contain; and also because the tfaue anu
commerce of the world is increasing, Is iikeiy 10
continue to increase and Is now greater thane'Cr
before without the sO-called bimetallisn IT'S now
shall the people of the United States find mar
ket for the surplus products of their industries;
which surplus through their ingenuity ana nalulai
comparatively larger than N any other
country, and is sure to increase rms surplus
must be sold abroad or not sold at all Inree-
fourths Of such surplus is the product or the
farm. of which SOS 100000 gold valuations was
sold in foreign markets in 1894 No increase OF
protective duties on grain, cotton, meats ana the
like will appreciably help the American FARMER
and their adoption elsewhere can only hurt him.
The American producers-especall the Amerii /
farmer-must be prepared TO meet the COM
petitive prices of the producers of other coun-
tries or go out of international business. The
condition of the country is to discover and re-
move all artificial obstacles which obstruct trade
which it is i'm the power OF legislation 10 deal
with and remove.
AN HONEST FREE COINAGE ARRANGEMENT. /
The greatest obstacle at present in the way Of
business betterment is the position of silver
and its assumed relation to prices and the cur
rency; and this of all obstacles is the easiest to
remove if the American people will only trust
to their common sense and abandon unwar-
ranted prejudices But how? Answer: by free
coinage Of both gold and silver What then it
may be asked do you propose as a remedy
more of the hair Of the same dog that has bitten
us? Yes and no. Let il be lawful for every
one to bring any amount of gold or silver to the
minis. Let them at reimbursement of the slight
expense of coming. be put in the form of exist
ing coins. Let each coin bear on its face the
Government certificate of its true weight and
fineness Then each would circulate and he full
payment when rendered in settlement of pur-
chases debts and contracts. at its market value.
What more he rigntfully asked? What
would be the condition o. the worlds business
ATTEMPTED IN,
basis? Ii silver has been demoEetzed il will be
remonetized and have every privilege extended
to II that has ever been given to gold. If more
than the existing amount of silver at any
time in circulation Is needed ii can he speedily
Increased to any extent without further action
OF the Government.