Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-07-31

and weighed only l25 pounds. She now
weighs $40 pounds and he. being small
man, declines TO take so huge a mate.
AT Bristol Tenn, Thursday, for the |
abduction of 4 young girl. Robert l..
Hodges, prominent young man. was
sentenced to ten years in the state PEN
itentialy.
She-I suppose you never met your
affinity, Mr.. olebatch?
Hell don't know. One can't tell ones
affinity except by marrying and then it
Identity
REDEMPTION OF SILVER NOTES.
notice in the report OF the addresses
Il. the Pennsylvania bankers conven
ton that two gentlemen. in speeches
Otherwise admirable. Incidentally advo-
cate the mandatory redemption of our
silver money in gold at the option of the
holder.
Mir. James II. Wilcox. president of the
association, expressed himself as fol-
lows:
The gold dollar is the standard and
al other forms of money must be KEEP.
81 a parity with ii. but how is the parity
Of the silver dollar to be insured in the
absence of any specific provision for
that purpose?
The parity is now being obtained
because no one objects lit. and We ac
eept all kinds of money as equivalent To-
gold, but the condition Of the United
states treasury more than once in the
rast reminds US that circumstances may
SO change as 10 destroy public conf
Gence in the ability of the government
10 maintain that parity.
I'm that event we might have a repe-
t.tion Of our former experience, unless
WE believe that the present extremely
satisfactory condition is to continue for
ever.
"A bill was introduced in the last con
gress which provided that the gold re-
serve shall be reserved for silver dollars
as we'll as legal tender and treasury
notes. III we sincerely believe in MAIN
tanning the gold standard. congress may
ronoye the doubt, and the practical way
10 do ii is by enacting this law.
Mr.. Charles a. conant, OF the Indians
apolis monetary committee. presented
the issue in the following terms:
The existence of a large quantity OF
silver dollars. however from which the
legal tender quality has not been taken.
might putt in the power of an admins
liiration hostile TO the gold standard TO
throw a doubt upon its permanence. a
! simple act OF congress. providing that
silver should be exchangeablc for gold
al the treasury at the Will of the hold
| er, would remove this danger. Bills o..
/ this character Mere reported by the
Unanimous vote of the sound money
members Of two important committees
at the last session nt congress and will
/ Undoubtedly be enacted in the next con-
i gress If members of the business COM
I ,runitv make il clear TO their represent
4 atiyes that they desire such legisa-
4 ton"
4 The the said gentlemen are conscien-
lt!ous in their convictions upon the sub
lect passes without question-whethe,
hight or wrong in their Judgment re.
mains to be determined.
1 1t is true. as MIR. WILCOX. in sub
4 stance, says, that parity is at presen
term without practical meaning-ir
{. fact. a sounding word 10 be con
d jured with yet left deity alore when {
Z nernand for its applied definition u
made. yet no one can doub' the wisdom
, o. choosing in "A dilemma. the lesser DIFF
ficulty. Which is the lesser" in tn
rresent instance constitutes the mali
point at issue.
Since MIR Wilcox admits that part,
Is now maintained satisfactorily. In ef
,!fsct at least, because in prosperity III
( one objects To it, we must necessaril.
conclude that gold-redemption Of the sill
Yer is intended as a safety measure dur
ng adversely.
!, Going straight into the subject with
: out further preamble, what would tn
advocates Of this measure have us do
furnish material for much larger end
= less chain2 Are they forgetful of tn
. fact that one of the principal features 9
J, the gold standard law was the plan c
: locking up greenbacks until gold shoui
| be offered for them, so as to prevent IN
seid endless chain? Certainly no on
/. could be SO sanguine as to claim that
government offer to redeem the silver
:, gold would effectually dispense With tn
> endless chain movement during pan
: like that Of 1898 Again. the discred
e given to uncoined silver during the las
two campaigns would make itself felt
an unreasonable way during the panic
re and unreasonable" is the correct teri
l. 10 apply To all panicky action. as man
i. bank men can testify When some ride,
It lous canard has started a run on the
i. respective banks. M. Conant lays son
i. stress on the fact that two importai
committees gave an unanimous vote
the last session Of congress for u
'e measure under discussion. An incidel
of 1895 may serve to destroy some of u
weight of unanimous actl3n'' in mon
Is tary affairs
le The late John Sherman in an article
De the April number of the Forum for tn
year, after earnestly advocating the +
tention of the greenback issues in o
Ut currency. made, in substance, tt
ii. statement: We pay out gold in r
= dsmption of greenbacks, and I see
- reason why we should not exact sc
= payment for customs duties, and
81 such method maintain our gold reser
10 intact" This plan, which at III
ut glance seems feasible, and which TO
e. off the tongue in satisfactory mann'