New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-03
BROWN FACULTY PROTEST.


sion of the policy CT TIE free coinage OF silver
forms part OF these courses. and there has been
no propagation Of free-silver views. believe 10
criticism of the presidents teaching has ever been
made by the corporation or by any one acquainted
with the facts
As regards the presidents attitude outside Inc
college there Is the greatest misconccption even
among those who would be expected TO be bes,
acquainted with the facts. We may take as an
example Of this misconcepton the statement by an
aumnus OF Brown in letter to TIE Providence
Journal that Or Andrews has for years, by
books. by magazines. by newspaper puoIicauoh
and by public addresses championed the cause
Of free coinage OF silver on basis that In
VOWED the partial population OF honest obii-
cations" This settlement is absolutely incor-
rect in every particular. DIR. Andrews mas
never published book. magazine article or
letter. and has never made speech advocating
tho free coinage of silver by the United states
alone DR.. Andrews has been for many years. ike
the late Francis 4. Walker ard other economists
of the first rank particularly in Europe a strong
believer In International bimetallism. Like MI
Walker and others. he has argued in magazine
articles and speeches that falling prices have been
n most important cause Of Industrial disturbance
and social Injustice tha the fall in prices has been
due principally TO the stoppage of the free coinage
of silver by many leading nations In the early
seventies. ana that the remedy lay in the resump-
ton Of such coinage under International agreement;
but like other international bimetasts he has
also argued that any attempt TO resume the free
coinage OF silver hy the United States alone would
bc harmful both for this country and for the cause
OF bimctallisn. In The only book that ne has ever
argues strongly in support OF the aforementioned
Wow. (Sce An Honest Dollar. edition OF 1896, PIP.
y fundamental point in the argument for inter-
national bmetallism is that it would make the
market values of gold and silver the same their
mint ysues Mary economsts haTe argued t ,o
an ne q al
International bimetallsm is therefore a practical
ciairn,d that could it be established, it would in
vore even "A partial repudiation OF honest oblisa-
tons.
The FIRST public intimation that DR.; Andrews had
passed beyond the position occupied by AL inter
Try should re-es;abllsh the free coinage OF silver at
10 TO Win god without waiting TaIe for an an d neT
believes that other nations would follow our e x
thereby established. was by the publication IN
June. 1896 Of private Ietter written by pr, Rr;
had written him asking his opinion Another pri-
vate letter. stating the same views ana written IN
college, was published later IN the SunmeT id r oi
sh Know 6n od Of BY h the days ago
These the only sources OF the puptc KNOW 2
coinage Of silver by this country alone at the time
the corporation took action Since then ne mas las
quiry from a Western paper, ..,u,, ,,o,.
have an important bearing on the main question.
either from the point of view OF me corp1I"t0Ih OF
from me point OF b fm Si n0d speech should be
,nointained even at the cost Of pecuniary loss.
From the point Of view of the corPoratoni II any
enc Is unwilling to give money 10 Brown because
lis president believes in the free coinage OF SILVER
bv his country alone. cannot see that IT makes
particle of difference whether the knowledge OF
ihat belief Is derived from book. magazine
article speech or private letter. FROM inc point
Of vlew Of those Of Ms who disagree with the cor
nnration II would seem perfectly proper that the
nraaidont should write a book. or magazine article;
pa ~ ~ a sneech i'm advocacy of his views. and
do not mean to imply by what have saa that yd tn1
H., ii,rits of a reasonable freedom OF utterance
The facts above stated are. however importan,
in forming our Judgment in regard 10 the amount
az discretion which the president mas cXerclseu III
nrorourating his views In regard TO the rte COIL
&C. ~ silver and in a question of such importance
II seems but right that the facts should be KNOWN
II See""9 "'' '' HENRY Il GARDNER.
Associate Professor Of Political Economy. brown
University. -, ~ ,eo-