The Montgomery advertiser., 1904-11-01

The mere counting of them would cost the people of the United States about $100.000. Recoined into half-dollaxs, quarters and dimes, they would supply the people with all the subsidiary cur wency needed for years and years to come. and the treasury (which belongs to the people, would be profiting ir1- stead of losing by them. Now come back to the ease we supposed With | that vast accumulation of coined sfl- ments vaults, a Democratic House passes a bill directing the Democratic Secretary of the Treasury to buy silver bullion for coinage into half feollars,
 lican Senators vote for this bill to send it along to the Democratic President for his approval or disapproval Judge Parker would be sorry to see 1t, we
 repeat. but is there any really solid veto it7 All through the campaign he has been censuring and bewafling a Republican PresidentsS 'encroach! ments" and 'usurpations'' at the ex- pense of the law-making branch--the case, resolutely set his opinion and will against the Congress's opinion and will? We do not feel sure that he would. Does The Baltimore News? Does The Montgomery Advertiser?
 It is difficult to give perfectly post tive reply to such a supposititioous query as that. but The courant should be fair when discussing what might or might not happen under certain imaginary circumstances. The question of supply ing a necessary amo mt of subsidiary coin is not Q disturbing one. The. total amount coined up to July i. 1891 was ssso.227,ooo. The figures since that time are not at hand. The net of March 14. 1900, authorized the coinage of silver bullion purchased under the Sherman act into subsidiary coin, pro- vided the amount of such coin out standing should not exceed sIoo,0o0.- : amount of treasury notes Issued under that act equal to the cost of the bullion contained In such coin shall be cancell- cd and not re-issueds
 The courant must know that the fifteen thousand tons of unused. un- wanted. tale coins called dollars" which 1t says are now piled in thes treasury, are represented in our circuiation either by silver certificates or sherman treasury notes and are held as trust funds" Under what right could they be melted and run into subsidiary coin while the certificates are outstanding? The subsidiary coin, too, Is under weight, and is a legal tender only to the amount of s1o. The purchase of silver bullion for the coinage of an amount sufficient to meet the demands for the small coins would not have the slightest effect on the gold standard.
 Again. The courant ought to know that the Silver Democrats have always favored free coinage and opposed the purchase of silver bullion by the gov ernment to be coined inio standard dol lars. In fact, the-purchase of bullion for that purpose is a Republican policy which found expression in the Allison act of 1878 and in the Sherman silver act of 1890. The purchasing clause of the latter act was repealed November 1, 1893. through the persistent efforts Of l President Cleveland, else there would
 have been purchased under 1t up to the present. time 5s5.o00,0o0 additional ounces of silver bullion. which would
 have added some more thousands of
 tons to vex the government and the
 esteemed Courapt. s~.-5- ..e s5e..', l
 The Courane will find it an exceed
 ingiy uphill work attempting to dis
 credit Parker by specuiating on what
 he would do if something were to hap
 pen. No one knows what circum-
 stances or conditions may arise, but
 we can assure our valued contem-
 porary that Judge Parker as President
 would be as jealous of the credit and
 honor of the nation as Mir. Cleveland
 was, and no reasonable man could ask
 more than that