The Ravalli Republican. [volume] (Stevensville, Mont.) 1894-1899, 1897-11-24
will be neither gold monometallism
nor silver mOnOmctalliSm."
'tWhat will eventually be donc?"

HWhat will eventually be done?"
81 cannot answer such a comprc-
hensiyc question. | can, however, /
tell you what | would like to see
done, and what ] believe may be
done, Coming from a silyer-produc-
ing state, which is interested tinan-
cially and industrially:in this silver
question, | shall undertake to per-
suadc my republican colleagues to cut
, on all coin and paper currcncy,-eN-
Fccpt silver, under $40
"Therc can be no reasonable objcc-
tion urged to the use Of silver cNclus-
lively in transactions below the $40
limit, We have nQv- the s. bank
notc, the Sherman note or silver GER
tIicatc, together with S aud S.
bills for change purposes. | am per-
suadcd that the best interests Of the
: country require that this variety Of
money under $40 shall be disposed Of
by substituting silver coin.
SIN England the 6 note is the
, smallest denomination OF paper
, money, the gold sovereign and silver
coin being used in transactions below
that limit. In France silver is used
to even a greater extent. Our peo-
pie who 90 abroad find nc fault with
this condition OF affairs, and there
! can bc no reasonable objection urged
] to the proposition. suggest having
, silver coin used exclusively in This
country in all transactions under
, $40"
r ''IIayc YOU talked with any of
r your colleagues on this subjcct?"
c Il have talked with many persons
q both from the east and from the
west, on L}l;s matter, and the cXprcs-
+ sions which have been used lead me
e to believe that a bill making the
J. provisions suggested will meet with
e littlceoppCsiton. 1t would have the
s virtue Of disposng 'oE Il variety 0!
h money, and at the same time would
Y provide for the continuance Of .tn<
c coinage Of the silver needed to sup
), ply the demands Of our domestic
It trade
IS 'Would such q proposition be ac
c ccptcd by the advocates Of free coin
t. age Of silver'"
n ut would not, and | am afrai(
would meet with their opposition
u but il would hc q step in the righ
,e that nothing more can Just now b
J. done for silver, ! am most heartily j
N favor Of moving to that extent
n believe the movement will result il
IS success"
If "But suppose the administrator
cl proposes system Of currency reform
r. whjch--'
''It can be stated emphatieally,
as interrupted the senator, anticjpatin
]c the question, "tl1at no alleged re
lc form can succeed in congress Whlc
1c takes it Tor granted that the effort
I'd to secure international bimctallsl
d, have come to a conclusion: or W}lic
n. proposes to contract the currency, @
in which provides for the issuance {
it.. bonts.@
e. "Then there will be ne rctircmcE
nj Of the grccnbackS?"
,lc '''Fhc exchange Of grccnbacks fC
ut interest," bearing bonds would involy
,e- a contraction Of the currency to tn
y extent Of the outstanding grecnbacl
m thus retired. ! am we'll Statistic
t,r thai the temper Of the country al
lat Judgment Of congress viii be ad5cr:
Of to such action,
sis ''Do you think that the Gues1ic
l. ought to be agitatcd at all?::'
- realize that the confidence
the country in the present bankil
he and currency laws has been to son
cs- extent, shaken, and the lack Of pc
lie feet confidence is an ilnpcdimcnt
ill business.
nd "lf some plan can be agreed upl
1T which will retire the grccntac
lal without contracting the circulatil
ire medium or ncccsSitaling the issue
for bonds, and at the same time cncOu
] acc the issuance Of an increased vC
lat umc Of substantial currency, it seer
he to me congress should address itSc
nd to the subject. Whether this can
nal done is Il question that time alol
les can answer, | hope it can be don
sit is quite possible tn
re- we Shall find the advocates
m the free coinage Of silver willing
~" let some solution Of the problem
a enacted into law, just as the oppo
ian cnts Of the protective system alloWt
ion the republicans, who had not Gle
viii majority in the senate, to pass tt
at tariff bill, because they did not b
OBJ licvc it would prove panacca for o