The times. [volume] (Richmond, Va.) 1890-1903, 1897-11-18

| advocating
| ton of bimetallsm Is as broad as com
merce and OF worldwide Importance. and
l'tt Is not reasonable 10 expect success on
any given line whore failure has uni
formlv resulted on all other lines hereto
| fore followed. The work Of the present
commission. / might add. has been prose-
| suted IN = logical way, and with great
tScrsiston<e and unQuestionabie intelh-
tscncc. We should certainly reach point
where dollars will be interchangeable in
! the markets OF the world without vari-
| ance Of value, as they are between our
own states We have n national coinage
and currency system recognized in every
part OF our country and / earnestly nope
that the effort TO secure solution OF the
coinage question upon the basis OF inter-
national bimetalsm will intimately sue
| cecd.'
but I'm the moantimcY
But in tho meantime repeated the
Senator. I'VE are approaching session
| of Congress. during which the coinage
| and currency questions will be made the
| subject OF debate and perhaps or iesisla'
tive action u must be obvious TO the
most casual observer that no legislative
measure can be enacted into law provid-
ing for the free coinage OF silver, ana YET
/ am firmly settled I'm the opinion that
| Congress should take hold OF the coinage
|
| advance toward a rational solution OF
! eomo of the difficulties which have hith-
| erto beset US
This sort OF talk Of making the fifty
| cents worth OF silver into a coin worth
| one hundred cents because Of the figures
stamped on IT and then inducing the
world to accept il as one hundred cents,
appears 10 us to be the voriest delusion
| that ever afflicted sane men. How sensi-
bic men can submit their minds TO the
acceptance Of such statements as fact IS
one Of the strangest OF all the strange
things.
Mr.. Carter IS perfectly right however,
10 rank the currency question rs the
most important that Congress VIII have
to deal with now. before tee Disconnected
elements Of our population have another
opportunity TO give expression TO their
discomfort. Now is the accepted time for
disposing Of the question satisfactorily,
and finally, and, If Congress neglects to
| deal with it now I'm wise and statesman
like manner we do not conceal our fear
| that it will cause very serious trouble In
this country.
Continuing, the Senator had a little to
say. Of course, for silver. Here is what
| Il was.
do you think" said he, that gem
oral reform Of the currency will be ac-
| cOmplished at the approaching session.?
Probably not There will be pro-
| tractod debate on the Hawaiian question,
| and the Cuban situation will come mp in
! cidcntally. We will discuss the financial
| system at great length, and then we VIII
| probably let the facts and arguments that
| are developed be considered by the press
| and the people. The nation thinks slow
| IT, We will have 10 allow period Tor
| the whole subject to be thoroughly digest
| ed and then, perhaps. we can come back
| prepared 10 enact a complete system.
| believe that by this careful and conserVa-
| tive method Of approaching this tremen-
| dously important subject We can avoid
! the violent views of either side, ana
| evolve something that will be safe and
| satisfactory that will be Meth
| er gold monometalism or silver mono
| metalism."
what will be eventually dOne?'
| az cannot answer such a comprehensive
| question" laughed Senator Garter. Il
| can, however, tell YOU what 1 would like
! to see done and what 1 believe may be
| done. Coming from a siver-producing
| State. which is interested financially ana
| industrially I'm this silver question. l
shall undertake 20 persuade my Republi-
| can colleagues TO ,ut of all coin and cur
| rency except silver under SIC. There can
| be no reasonable objection urged TO the
| use Of silver exclusively in transactions
| below the so limit. We have now the
$ bank note. the Sherman note, or s'l-
| yer certificates, together with the 81 and
81 bills for change purposes. l am per-
| suaded that the best interests OF the cOun-
| try require that this variety Of money
under SO shall be disposed Of by subsu-
| tuting coin silver. Ia England the five
pound note is the smallest denomination
OF paper money the sovereign and silver
| coin being used i'm transactions below that
| limit In France silver is used 10 even
greater extent. Our people who 50
abroad find no fault with this state of
affairs, and there can be no reasonable
| objection urged 90 the proposition l sug-
| gest OF having silver coin used eXclu-
svely in this country I'm an transactions
| under SO.
Have you talked with any or your col
| leagues on this subject
Il have talked with many persons both
from the East and the West on this mat
ter, and the expressions which have feen
| INDUCED in lead me TO believe that
| bin making the provisions suggested VIII
meet with little opposition. IL would have
| the virtue of disp0sing Of a variety OF
money and az the same time would pro-
| vide for a continuous coinage Of the sill
| Yer needed TO supply the daily demands
| OF our domestic trade
Would such a proposition be accepted
| by the advocates of the free coinage or
| silver"
1T would not and. 7 am afraid would
meet with their opposition, but IT would
| DE "a step In he right direction Since il
| is manifest that nothing more can now
| be done for silver / am most heartily in
favor Of moving to that extent / be-
| ueve the movement will result IN sue
cess"
This proposition to deprive US OF small
notes and force us TO lug ten dollars OF
silver around in our pockets unwillinsly
lets us into a very new view of the object
the men from the silver states have in
view in their advocacy Of free coinage
why do they ask that there shall be no
more small notes? A five dollar note re-
deemable in coin Is just as satisfactory
Tor transacting business as five silver
dollars, and II is certainly far more sat
| isfactory and convenient from the stand
point OF transportation that is TO
be furnished. 1t is also vastly
less liable TO be counterfeited.
| Why then should the Senator