Show SAYS IT IS MOSO I 1 cannot conceive of a longer 3 step toward silver than we take when we spend our gold to buy bily silver certificates for circulation especially in view of the practical difficulties surrounding in the replenishment of our gold this leads me to earnestly present the desirability of 0 granting gr antina 0 tile the secretary of the treasury better power than now exists to issue issue bonds to protect our gold reserve when for any reason it should be necessary our currency is in such 1 1 concu confuted ed condition and our finan financial ial if fairs ap apt t to assume at any time so critical a position it seems to tile me such a course is die dic tat edby ordinary prudence I 1 lam am not insensible to tile the ments in favor of coining 0 the bullion 0 now in the treasury an and d I 1 believe it could be done safely and with advantage if the secretary of the treasury had power to issue bonds at a low rats rate of interest under the authority in substitution ution of that now exis existing bilig ant and better suited to the protection of the treasury I 1 hope a way will present itself in the near future for an adjustment of our monetary affairs in such a comprehensive and conservative manner as will afford aal ord to silver its proper place in our currency but in the meantime I 1 am extremely solicitous that whatever action we nye take on this subject may besu be such chas as to prevent aboss a loss and discouragement to our people at home and the destruction of confidence in our financial management abroad signed GR OVER |