The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-17
White House Of Times \ Ross

deal quicker by being In position 70
dictate than we will if We remain in q
condition in which We can only implore.
The present federal administration has
done nothing TO further an internatian-
al agreement. On the contrary. IL IS
straining every nerve 70 maintain the
single gold standard Therefore when
man endorses the financial policy Of
Cleveland and yet pretends 70 be BIZ
| nfetallist you are warranted in cues
tioning his sincerity.
WITHDRAWAL OF GOLD.
A banker said to me lately: Suppose
you restore silver. win not al the gold
in this country at once leave and pro
duce a further contraction before y,ou
can ooin much suverZ-
L answered no. The moment you re-
store silver some Of the burden viii be
taken off of gold 80 that there WILDE
less demand for IL. Second. as already
shown, there are only $127, 900, 600 OF
gold In al the banks OF the United
States, national. state and private.
This constitutes all OF the available
gold in this country. Suppose the
banks were TO let IL 90. and II were all
70 leave for while, il could not make
matters more worse than they are now.
But IL silver We're restored there would
be several dollars for every one that
left. The statement that only limited
amount could be coined In year needs
no notice. II we had not the machinery
now we could soon get It. Better stll.
certificates should be issued. just as
these are against gold. Nobody D0w
carries much OF either silver or gold,
everybody prefers paper certificates
EFFECT on LABOR
Let us have all the silver we can pos
sibly get converted into money. II viii
not lie idle. 1t will be used 20 buy
lands, buy labor. build houses. build
factories, build railroads and carry on
buSinss. 1t viii be that much new
blood and will give US an activity AMI
a prosperity better than We have yet /
seen. The laborer VIII be the first 70 |
feel its benefits. for there win be an i'm |
mediate demand for his services-n0c |
only viii all be employed. but wages |
viii go I'D.
CAN WE co IT ALONE.
II number Of European nations were |
to restore the free coinage Of both gold /
and silver az the former ratio. and |
again make each legal tender. nobody 1
would question that II would be abso- /
lutely successful. The two metals would /!
circulate again as formerly. because /
these are the great commercial nations /
OF the world. Well. the United States 1
has population nearly equal % that of i
France and Germany put togethe-, We 4
have more railroads than al Europe.
and under favorable conditions our In 4
ternal trade exceeds that OF all Europe.
for while some European countries nave
large popula tons. they have but little
purchasing power and but little inter- 4
nal business II Europe could 80 70
alone We could The mere act % re-
silver and thus reducing the
importance Of gold: the tendency -
the two metals would be % come To-
gether, because each could be used f9r
the same purposes When silver can
be used IN payment OF taxes. pa yrnen.
Of debts. used 20 travel on the railway.
buy properly. etc. the market ratio
VIII again Be what = was before silver
was destroyed as money. The market
ratio VII be the mint ratio
But says some one. what about or
foreign business Wen. g amounts
10 Jess than 3 per cent % al our bust
ness. and VII occasion 10 flG3cUify-
certainly not - both are what we cag
a. par. and tnasmuch as the fed I'D
which both could - Used on re sane
basis - - great. they could circulate -
4 par basis. Again. NJTne ore ask. +,
bow would the government ~ Eeif
,hen2 Why. r would 81 = "a TIE nst1-
Al courss q buEsnezs. f1r there zoEiG -
ess demand for y then tiseu tAfre la-oa
There would Be a. end to-ae ooncse.i-
nE business IN Thlca tie Esvsrnme-s
= n0T gagged
BANKS. RAILROADS. ziANuTAc-
TUREs. Etc
Il ne "a rgr know trat re z1.s- q I ]
ne s.099 banks - Vas Uni;eg ssat=s AZ. I 4
/ good dssl Ike sneeo ard - II aor,es
SLOWING directions racesTs-a from a ( :
~ eastern bsDE@-s. ard = Ne "a ~. ,
non tha- re Managers - szrTe rar-
Dads have - tsse fhetr sEsfrss.-r .o-.s
ron ;he sas-e s5arca. ard = 7se AL
~ k1oE that TIE izrge ruarrfa tIrle.-s 4
- 5e5snten. O banks zud are caflef !
o court favor. ne EouG - ye.s-sv AL
ioss 20 un1srEzE-fd wy - ruaay 1F
- tas1ksTs. rz1lrpad raznaxe-s AL
ONE u1snsfsctursrs ssosl3 opposs taf
es.oTzr5cr - silver. beans tae CESS
1rzEfla - silver. - sucT~zr sesf
sluus= - MY. Epzl1 AS vrsces
rzlse ~ pres ~11 again Tessors 8.
u hga,s Trsarrst s-1 @ vha- b. 49, 4
saps aas ~ .n az countries aaG 81 3
~ tines. Sc Euzt SgTs ACTIVITY - g8~ :
sliToz9s Sozss esru nearly tws1s fse =
sonxy. ca bzzks Nosl1 ..osses a.. Y