The sun., 1896-08-09

The following letter on the currency was
written by the Dean of the School of Political
Science Of Columbia College:
Ay Deor w. stroock: 'pe'e'' w.
Blmetnliisn. in the of the full and e0ua
legal tender power OF two metals. is an impossi
biiity without international agreement. Nothing
snort or the Federation OF the world" upon that
subject can make IL possible. In the present condi
ton OF the world you must choose between the gold
or the silver standard. You cannot have both We
have been gOlistandard nation for more than liaf
century. The act Of 1873 only recorded in the
statute book what had existed az n fact for nearly
iorv years fhe change from a gold to a silver
standard now would, In my opinion he one of tho
greatest disasters that have bcfaen this coun.
try think the first effect OF It. at the ratio pro.
posed would be n prompt and tremendous contrac-
uon OF tho currency. The whole six hundred mil
Mons or gold would disappear and It would be a
physical imposslblli.y replace IT, even non,inaIly
with silver In ten years II the Democrats or Popu.
lists win the control OF the Government next No.
Vemoer' they can pass no law until year later
unless summoned to extra session OF Congress-
rr"Sd. 6s % S2nf haSs fSs os Son
o eSd n%9@ mf . to colsc, their debts n gold Before
s[ le, m IN he country and wnen hS vtres should
fn 1ass sU%a "t ON on M
iseat SSg'n; SY sna would wlthou, doubt, try
oq %2S Ea bst sks ae n ,S1 aRa
,nSn 9ods property. and on who'll seller and
haebt9r Thepoor man holds tile or no uropsrn and
~, on the whuie, buyer aud cred tor 'WItI nat
money IN part or In fun. property rises products lea
come uehtrr anu the debtor pays In cheaper Nancy
lhe nisihRe usually made In the reasoning on this
suolect IN considering the poor to ip deiItnrs Re
cause iht poor man holds llr or No prnpprty he ia
regarded ~ debtor, THIS is great faiIary " "
also object IT, the phrase "irre silver" or tho
IIee colnnsr or silver" THIS word free" hmm
tm.s me American mind and leads Il anywhere Tia
sh,rn.ht M the present proposition sh6uld c. Ths
IN, minnt c0nhrH nf nay tire" cents worth OF silver
ih,Io ono uolIar on private account " - '''
mrhner hul 81 the opinion that hImet,ilIsm is the
eons pan, MINK the DAY ot silver as fn'I isysi
.cnner money has passed. thirty thousand dolars'
Wotth pl silver az III 10 weigls aInut Ton Al n.
Hiime u weighs nearly two tons it is nllosslie
to use such nehlin IN" present volume nnu ar,iyIty
VI VI tme morlnh commerce, hv inrruntInnal
un unueniol,l AMI every family produceI In kind
1T ssry ,mehriy GvcrStng 1t consumed shells tobacco
Wia W., o"a'r Sktls Sc" would answer for currency
~ em in ~ nCrehSen TO q considerable degree thssa
n, m ma 10 e ,id aside md copper and then silver
~, ~ t,nr p.ctH When 1t assumed is mammoth
becpp,m 0r today much more valuable metal
No. my young friend the future NJ sIIvor -. ,, |
as NuhNInlhr, coin. Gold must he tho stnn,In 80,
Or ol ~ MONEY and gold must be the money OF The
II, 10 ny ny mind there but one way for the patriot
'.e wise man li the next election and that IL In
So,e % ne hrpunllcan ticket both TOR the fresLcnt
Aii we zen wFs vi congress- Very truly yGIlrs
''L' 80 w. !. W. BuauFss