New-York tribune., 1900-09-08
EFFECT OF SILVER PAYMENTS.
TON WOULD OVERTHROW THE
GOLD STANDARD

Washington. Sept, (SpeciaD.-In the course %
conversation to-day Representative Hill Of Con
necticut, who is a member OF the COMMITTEES o.,
Banking and Currency. and painstaking student
Of financial subjects. was asked his opinion "a N
the probability Of the payment in silver OF the coin
obligations Of the Government II Mr. Bryan should
be elected President. and Of the effect OF such
policy. He replied:
What do think would be the effect upon the
country OF Democratic Administration paying the
coin obligations Of the Government in silver? In
g 4, PbIon, b ~ would not be necessary actually 70
IN power, TO overthrow the gold standard and put
The Democrats Voted in The last Congress in both
houses that coin meant silver gold, at the op-
non OF tne treasury, and there is not the slight
est question as to the course which they would
gold in tRe Tss5ry as 7 sasrs m a. was % Of ayaa3s
redemption fund is tied up for the redemption OF
SSoversd dollar for dollar 6y gold certdcates and
S 5eSoad @ treasury control Every provision IS made
g3fnahse or notes Tor gold purchase Of gold with
gold; but no provision is anywhere made f5r sx
ehangea6ility OF silver and maintenance OF its
ls3s Of The Record Mr. Allison said: M PTssi
Of silver notes nor o P[Igide6 o mere for the changs
provision because the committee think In wboT-v
Td aa but II was fhr9wB as %s out The n I bous pro
dniiar Hse n9ndred and more millions OF silver
F hi a. parity hy such use as viii keep them
sent in by being exchanged bv the Tressisr- i oiv
at its option and in its discretion
cTGteIlt4oh OF the last six years make such ex-
cIlaISe. and the country knows it, The ras--Ir
Wuuld De that all exchanges OF the actual daiIv
ttStul[eIilentS OF the people would pass through
would be boarded held back a. IN lsss and via
Ine Government receives that IL must CAV or
Inns process IL even now going sOns. extent
- SHOWN by the increased receipts Of silver cer-
b!SdteS NJ Jhe custom houses. lately.
The Treasury possesses no power, as a bank does
20 CohJro It's gold supply by raising INTEREST rare
ana must pay gold Tor green backs on m iesetart0r
ana then must pay them out again 10 have tba
process repeated The House recommended that
thlS oe stopped, and the Presidents plan 0f hOiir
lhern Jll- the gold returned be u,Ir in =Ts,r
II Wnuid nave remefied the trouble As ir fs tha
secretary must hunt The sold and replace il an5
lheh reissue the note The House said that NE hai
more SILVER Cnau would circulate. nd -hs
treasury bullion should be coined into subsidiary
com Inc Treasury Department advised his
course Inc Senate insisted upon and secured ~
cEldSe INTO fuil legal tender dollars. To make me
maintenance or the gold standard certain the
compulsory reissue law repealed. and The silver
1oiIarS must De made eXChauEsable with gold or
iarSeiy reduced IN amount BY recOiniug thern frro
suos!diary coin. As the law and Conditions now
as pass drum than il would be TO give our crrr-
renCy system to ". J. Bryan 10 be acniuiSrars5
The country has confidence in this A7-77f~ist-s
tloh ana VIII await the Strenst sthening OF the Isx
oE IuTVher amendments. II has Confdencs in "
man j. cage and trusts his great ability a va,I a.
Dernocrattc Administration in power without a-v
SOnSreSsSiorai action whatever. nothing would be
leit or the gold standard law in six months excsvr
ithe REFUNDED per cent bonds specifically uayabla
~ IN s4o ana tne gold redemption Of Ereen6acks and
Ihe latter would not signify much because rrTfa z,
Democratc instincts. If they secured ma oritv Ia
congress they would pay these by issuing more re-
deemable in nothing ' =