Evening journal., 1896-09-23

coinage OF silver on private account on tho /
ratio OF l0 ot silver to ] of gold with full ]
legal tonoor quality by tho Ulited States !
alone will give TO the 43 q, 0O0.)O0 Of silvor |
dollars already coined an equal CONNER
cial debt paying and purchasing power TO
tho dollar containing % $40 grains Of
standard gold, which at present tho gold
dollars arc supposed TO possess, supported
by the national pledge to maintain the
parity In value of these silver dollars with
gold coin.
Second 1t assumes that the Same
cause, FREQ coinage of silver will maintain
the equally acceptable value Of all dollars
that may hereafter be coinod on private
account by the United states.
Third.-lt assumes that the free coinage
Of silver by the United States alone would
at once advance the value of the CONNER
cial silver Of the world to that of gold. lt
would in tho same manner affect the
value of all the silver coinage of all civil
lied nations. 1t seems astonishing that in
the light OF all human experience such
proposition should not only bo entertained
by sane mon, hut that upon its acceptance
and belief great party should demand
public confidence
The Real Question.
this subject is familiar TO tho country.
Under its operation slight differences IN
the comparative value Of silver and gold
led to the cxportation Of the American
coined dollar to such an extent that few
or none Of thom were in domestic ciroula-
ton. IL the unlimited coinage of silver
dollars by the United States slrould cause
even a small advance in silver either In
Che form of bullion or coin, importatiOns
would follow until prices were equnlized
and imports of silver would become with
out profit. The real question thon is, Can
the American people, by a law, authorize
the unlimited coinage Of silver dollars on
private account Oh the ratio of Is of silver
to l Of gold with full legal tender quality
for all debts and dues public and private
and make the silver coinage of the world OF
equal acceptability and value and of equal
power in the markets and in the payment
Of debts with all the gold coined in the
worldg
This statement Of the question is mado
in an unusual form, but neither its truth
nor its exaotness will be questioned by
any thoughtful man after he has fully
considered the rapid methods Of modern
Recommendation and the activities Of
commercial life
III NY IAAEiltnu Ittulla huCN as 4 nave
described are impossible Of accomplish
ment by the measure proposed. / admit
that silver bullion may be advanced in
commercial value by its increased useful
ness but no advance to a parity with gold
is possible and the whole result of the
measure will be the depreciation OF tho
value of the coinage, the ruin OF public
and private credit the disturbance Of busi-
ness, the disturbance Of values and the
overthrow of all American industries.
When Governor Flower introduced Gen
eral Buokner, the scene was almost dra-
matte. The northern audience evidently
thought that TO the brave soldier Of the
south it should accord a special welcome,
and cheer upon cheer rent the air, the
speaker being for several minutes unable
to begin. Ex-Governor Flower said,
AT the indianapolis convention we
nominated a Union general and a former
Confederate general Ia the last war of
80 years past the grass has grown green
over both the graves Of the Union and the
Confederate dead, and at indianapolis
we buried all the hates Of the past with
military hOnors. I introduce General ST.
mon B. Buckner."
General Buckner's speech was followed
by one by Dr. William Everett of Massa-
uhusetts, after which Judge r. Fellows
spoke very briefly and claimed that Ken
tuoky would be against Bryan, and with
three cheers the meeting closed