Show f t r MR R. R GU GUGGENHEIMS GUGGENHEIM'S INTERVIEW There must have YC been some errors in the Gug- Gug I r interview inter published yesterday He Ile is nade nade to sa say that the idea is common that it would be bc a ei g good od thing thin for the government to pure purchase ase tr or worth of silver and jHC prez pre pre- v z 4 issue silver certificates for the amount to enter at once into the money circulation of the b. b country 1 country lIe He adds l But But that remember is 1 mot the old cm cry crr of free silver Far from it i Ve take that to mean that in Mr 11 Guggenheims Guggenheim's thought r it would be well ell enough now no that finances Iare are so sick Rick to take a a. large dose of silver as a me cine clue but not under any circumstances to use it as v ar regular re diet That so far is natural from a goldar gold gold- ug's standpoint But further on he makes the remarkable re re- statement that We W 0 should have largely t the he hc same Rame monetary system as France There money 1 y is gold bold and silver and you never hear of fiO per cent money in France Franca When it is 50 per cent in New j Y 1 oil it r is s 3 y t vcr cr cent in France and when a demand 0 is U. U made for an extra supply of r ready money France Francen lets jets go n her silver f J In n the lie first paragraph t there hele must be no free silver ilver far from it it in the second should ld have largely Jarg lr the same monetary system as France Now the t the he old cry era for free silver sil meant 16 to 1 in this country coun try tr while all the time during luring all nIl the t twenty enty years th that t this count country rr was in financial spasms because of the t I le of sih silver r France Prance moved steadily J Juu on on her wa way her silver was wac worth as nu much as gold and when any person or firm desired to remove a large amount of gold out of the country France tendered tendered tendered ten ten- dered silver Sil for it was equally guarded by law and equally el recognized as HS perfect primary money And it it has been so ever eye I since It would have been so all aU the bile he time in this country except for the cries of the robbers who were loaded up with interest-bearing interest s securities and were wele intent upon reducing the volume of of mone money 50 GO per per cent that their securities mi might ht be enhanced 1001 per pcr er cent When Mr lIr Guggenheim wants our money mone system to conform to that of France Francc does he ate not see that to bring that around there would have to be bo the old full recognition of siler silver silver sil sil- ver er as the perfect equal of gold even as the founders pf of our government cst established ablis hecl And France t does not produce silver we do 10 Again what docs does the gentleman mean when he says the production of silver til to gold is as S 8 to 1 17 lie must mean ounces rather ruther than value which is most unfair for silver men luen al always ways way's conceded that an ounce of gold was worth sixteen ounces ounce of silver sHyer and and in point of fact at that ratio the time worlds world's product is 3 in gold bold to 1 in silver in ours it is iR about the seine same Again what except as a palliative would the purchase of 15 or 01 0 worth pf silver amount to 1 I It t r. r would not half return what has been brought ht from frog it 11 I England and France durin luring during t the he past month Again the west wants no special favors faor fa or from frog President Roosevelt He Ile i is not in office to orals grant special favors to one section unless it is is of benefit t. t to nIl all the rest If he desires rr to help the whole country country coun tout try let him take Mr ill Guggenheim Guggenheims s 's su suggestion es a C 1 l recommend in his message that the 1 United States State shall make its monetary s system stem so far as sil silver e r and told old ru are concerned conform t to o oIn that of l Franco Franc rance In that way he would confer a favor upon east cast air and i west we-t alike and as much more upon the east cast tha than upon the west as the business of the east exceeds exceed that of the west The fhe robbers who vho held the bonds arc are all paid Why should not the government rI re return return re- re turn to reason 1 A vote ote of the people would ratify that two to one oue rom From I the chart just put out by hy George Gcorge Otis Oti Smith director of the United States geological Mir Mir- ure e vey of the interior department the time value of the gold golc 1 and silver produced in this country during I t he be pas past t t. ten years is a as follows Year Gold 1 Silver 1597 3 0 0 1 I 1 S IS fi 1 2 Il p 1890 1591 i 1 U 0 I I 1900 p j I 1101 1901 1 DO 1 3 1002 1902 2 OUO p I 1901 1903 OO I 1001 1901 SOS 1 I 7 S I 1901 S H 1900 1906 1 2 0 f I Totals ii I 1 It will be bC seen i by the foregoing exactly how the silver product compares with the time gold goll It will b be C seen too that on the silver the mines of the time west have produced dRI n the time past ten years the thy they have ha lost something over o l because of the leg lea legislation of 1873 and 1 1893 It will be further seen that had matters matter's been left as they theyer were cre planned by bythe bythe bythe the fathers and allowing that half the product of silver had hall been absorbed by the arts there would have been in in the country when the time troubles cams came on six weeks ago something over oyer more mone money than there really was It will be he seen too that had our monetary system l conf conformed to that of France there would have been no closing of banks Had a run been started on them therm the they l could uld have 0 done what Prance France would 1 do tender sil silver er dollars 1 in I full payment One would think that our wise financiers financiers financiers finan finan- I ciers our wise president and congress would begin to conclude that the time conclusion which the shrewdest of statesmen and financiers reached after centuries s of experience that gold and silver 1 were the substances substances substances sub sub- stances out of which money should be made because the they po possess ses all the needed attributes of money and amI because not enough of both could be obtained to satisfy the worlds world's demand for money was a sound one and aUlI that it was time to get bet back on solid ground b grou rots d. d I It the west and south do not have silver remone- remone this winter they will supply good evidence that they are aro just lust fit to be robbed |