| Show I 3m MILLS AND FIJTAIVOE On tIle 14th of the present month Mr Mills of Texas introduced into the senate a resolution containing seven propositions that he desired to see constitute con-stitute the outlines of the financial policy of the United States The day following Mr Mills delivered a speech on his resolution the synopsis of which appeared in our dispatches yesterday Both the resolution and the speech as might be expected from their source contained very much that was good and the whole plan if adopted would be infinitely better than that upon which the financial affairs of the country are now conducted though in our judgment it falls below be-low the real heights of the countrys necessities The propositions of Mr Mills resolution are as follows FirstAgainst the retirement of outstanding out-standing legal tender notes Second Favoring the coinage of the silver bullion in the treasury Third The issuance of emergency legal tender notes in case of a deficiency de-ficiency FourthAgainst the Interest bearing bonds FifthEstablishing a policy of the United States in paying obligations in both gold and silver SixthRepudiating the theory that a public debt is a public blessing SeventhUrging the rapid extin guishment of the national debt and the maintenance of the sinking fund there for forThe The speech of Mr Mills in support of his financial policy for the government govern-ment Is < as gratifying as the resolution resolu-tion which brought it forth He declared de-clared that the national bank idea was not a Democratic idea He further declared de-clared that Democratic policy favored the retention by the government and people of the moneymaking prerogative preroga-tive saying that the people had always al-ways stood against bonds and bank circulation Furthermore he said Let any party dare go before the country in a contest with a plain declaration favoring a bonded debt and bank circulation and when the campaign is over that party will need the services of a firstclass undertaker under-taker On the duty of the secretary of the treasury and the futility of bond issues is-sues to cure our financial ailments Mr Mills said Why did not our distinguished secretary sec-retary of the < treasury when the bank conspiracy began say to these gentlemen now show your cards and I will pay you in silver If the secretary secre-tary had coined the silver in the treasury treas-ury and paid it for current expenses there would have been no deficit The presidents bond issues were futile It I was like pouring water through a sieve The hundred million issue a few days hence would be followed by another hundred millions in a few months The presidents language concerning con-cerning the finances sounded like the statements of Jay Cooke when he advocated ad-vocated national debts as national blessings It is all the more gratifying to hear Mr Mills make such remarks as these because it was thought that while silver had entirely lost so able an advocate ad-vocate the single gold standard cause had won his abilities to its support His resolution and the speech in support sup-port of it however give conclusive evidence evi-dence that while Mr Mills may have modified his views as to the propriety of the United States undertaking the full restoration of silver to free and unlimited coinage at the ratio of 16 to 1 without waiting for the cooperation coopera-tion of other nations the gold standard stand-ard men and the banking interest have gained no ally in Mr Mills If Achilles may not fight to the full height of his great power with the Greeks neither nei-ther will he be found in the camp of the Trojans fighting against the Greeks So much of the silver cause Mr Mills incorporates in his resolution and speech that it is clear his sympathies sym-pathies are with the silver cause Let him but substitute the free and unlimited un-limited coinage of silver at the present legal ratio without waiting for the action of any other nation for his second proposition which provides only for the coinage of the silver bullion in the treasury and we would be willing wil-ling to see Mr Mills plan adopted as I the States financial policy of the United |
