The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1903-12-26
Currency Legislation.
EDITOR INTELLIaENCER:

tion to the sudden dropping Of the
proposition to make the silver dol
lars redeemable 10 gold and express
ed the suspicion that a leaflet l wrote
and circulated had something to do
with it. Now comes the following
copied in the Washington Post from
the Providence (R. l } Journal;
''HUsHED ADNnNIsT RATION.
"Sigmfeam silence on the taylf and
eNryeNey yefo1m"
"Outspoken and even noisy as the
administration is on such subjects as
the upbuilding of the navy, the su-
pervision of corporations and the con-
struction OF an inter. oceanic canal,
something or somebody mas completely
silenced it on those still unsettled i'm
portant questions OF domestic policy,
the tariff and the currency We say
silenced, because the only alternative
explanation would be that it either is
unaware of the existerce Of these
questions, or has 40 views upon them
| which decent respect for our titular
rulers compels Us to consider incOn-
ceivabe. Indeed, il Senator Hanna,
representing the overprotected man.
ufac,urers who must be made too
restless for the frying pan, and Sen-
ator Aldrich. as chairman Of the SEN
ate finance committee, with other
duties annexed both actually mind
full of the approach of a national
electiou--if these Influential party
leaders had gone to the President
aud specifically ordered him to hush
up all tariff aud currency questions,
the result would have been 50 pre-.
cisely like what we now see that il
is only with extreme difficulty that
one can avoid thinking that that wa
Just what happened " And more Of
the same sort. To repeat what ]
said 10 my former letter, whether yoC
know him or not il man tells you or
dark night that a precipice is
:, before you, you are likely TO stop
The only persons who seem to have
known that making silver dollars re
deematle in gold would change then
from money to adebt and would be
! change that would destroy six hun
dred million dollar asset and put
billion dollar debt in its piace-wer
the issue bankers who proposed it s.
as to circulate a billion or three quart
ers of it in paper-the credit of th
government given them gratis to len
to the people, to whom it belongs
1t is plain enough after you see
and | took pains that ev ry congres;
man aud senator aud mauy editor
should see it, especially those in m
native Iowa from watch Secretar
Shaw comes. They dropped the ca;
who were pushing instantly.
r think the issue-bankers to whore side
$ | have had the pleasure of being
small thorn for years simply sal
t "this awkward exposure of our d,
}, sigO makes it necessary to draw O
from this point of attack on eonstitl
tional money. But they have n
u given up their design. Mr. Fowler
name that was to the grand plundt
! bill is dropped. The snare Of IL
fowler was spread in vain in the sigl
Of one bird that alarmed the other
The lssue-bank ring took anothl
text: II will look TO the hills whenC
!, cometh my help" aud Mr. Hi
4 another Yankee has introduced
Misunderstanding bill providing th,
as the surplus bullion is about use
up the coinage Of subsidiary Sllvt
] shall henceforth be from the silvt
y dollars. Mr.. Roberts OF the Mint hi
recommended hundred million 40
lars additional subsidiary silver Gofr
t age. This is meant TO change on
/. sixth Of the silver dollars into prom
{ issorY notes stamped on silver an
: make the task OF gettiOg rid OF ii
: others easier. In my leaflet circl
: lated in Iowa, the banner farmin
2 state, showed that the quantity
, money in existence 10 The same sphel
s is the most potent factor in nfakin
e prices and that substitutes for none
/ or promises Of money do not take Sh
place Of money in this. To make ST
/ yer dollars redeemable would reduC
{ the price Of every farm product I
replace them with bank notes woul
make the farmers pay, heavily. th
| fntoronf On fbo hondc that oro 81, @,