Show ILL ILI ADVISED AND I 1 am convinced this scheme e is ill advised advised and dangerous As the ultimate result of its operation treasury notes which are legal under tender for all debts public and private and which are redeemable in gold or silver at the option of the holder will lie ile replaced by silver certificates which whatever may be th their fi r character and description crip tion will wil 1 have none of these I 1 qualities in anticipation of this result and as the immediate effect act treasury I 1 ry notes will naturally appreciate in in value and desirability th the e tait that gold old can call be realized upon them and tile ho further fact that tha t their destruction has been decreed when they reach the treasury must tend lend to their withdrawal from general circulation to be immediately presented for gold redemption or to be hoarded for presentation presentation at a more convenient season the sequel of both operations would be a large addition to tile silver currency in our circulation and a correspondingly le i of 11 gold od in ill the treasury the argument has been mail mad that these things will not occur it at once b because cause a long 0 time must elapse before the coina coinage e of anything mv but tile the can fie be entered upon if tile the physical effects of the iho execution of tile the second section of this bill are arc not to be realized until far in the future this may furnish famish a strong iu leibson won why it should not be passed so much in advance but the postponement pon ement of its actual operation cannot prevent the fear and loss of confidence and nervous prost prostration ratios which would immediately follow its pasi passage and bring about its worst consequences I 1 regard this section of the bill as embodying a plan by bir which the government would woul d be dobli obliged ed to pay out its scanty store of gold fo for r no other purpose than to force an ail unnatural addition of silver money into the hands of our people this is the exact e reversal of the policy which safe eafe fi finance tiance dictates if we ire are to preserve the parity between gel gold and silver and maintain a sensible bimetallism we ve have now outstanding 0 more inore than in silver silve r certificates certificate issued under tile the ext istina las lais they are serving the purpose of money usefully and without question our old reserve amounting to only little I 1 more n ore th than a n is directly charged with the redemption of 3 34 un united t states notes when it is proposed to inflate our silver currency rency it is time fur for str strengthening enthen i ing our gold reserve instead of depleting it |