| Show THE FINANCIAL SITUATION A short abort time since secretary carlisle issued an order ous suspending pening the isue of gold certificates thu angioi to some extent the requirements require menta of the law which provides that when the gold reserve in the treasury to la he be low such buch suo suspension pension ahod abail all take place the secretary was not prohibited from stopping the easue before that point was reached it being altogether a discretionary matter with him but after the point is passed the law regarding suspension mandatory it seems however by the telegram that mr carlisle Car litle is paying outgo out go id lid coin in redemption f agold gold treasury notes these having been issued in pay ment of the silver bullion 1 under the sherman act by means neana of which a steady drain upon the gold supply is maintained which is in no manner retrieved the silver thoa bought is st at rod red away in vaults like to ao much pig iron instead of being coin ed and put into circulation no walk der the danger f a gold famine and general panic in financial circles la is in ia creasing ban diminishing when the law spoken of was passed undoubtedly the design was to coin and circulate the silver bullion pulp chased this being a sort of compra nUe measure standing midway beaw between actual and positive free coinage but bit the spirit if not dot tile the letter of the low law has been violated asa result of this the unholy cause of tb the demonet izere to is strengthened greatly while the administration is 18 seriously embarrassed evry bar of bul bullion that goes into the vaults of the treasury has a double ary effect in tike the way spoken of by W withdrawing ith drawing a amount f gold and by in increasing creasing the a mount amount ut of material out of which to make white money with out making it it is high time something were done perhaps the brussels conference will afford us some slight measure of r relief hy making silver the exolus sive give coin of circulation circuit diun tiun up to ra certain amount and a legal tender up ul to a certain greater amount the indications seem to be growing that this will be the case it is per baas the best terms we can get anil be without standing on the order of acceptance it is use lew onto to issue silver berti certificates fixates to any great extent ested t ao 80 long as the present con idi tiong prevail for these being re tee dee matle mable in the coin which they represent would not be received abroad hence only enough for home consumption is desired but bat let even soon uan small recognition be extended to silver liver coin as that herein spoken of and we gre firmly believe the impetus thus im earled to our fiscal affairs would be such the prejudice against silver would become less and less as aa money as time wore along and eventually would disappear altogether this means meane ultimate free coinage without opposition As things stand at present and threaten to become the partial relief spoken of seems to be the only practical road out of the wilderness tactical we e would all that is ia we of the west went like to have the bullion coined into money as aa fast as it to ie brought in and have nt mt altogether given ayen up hops hope yet that that point will C be gained bt before fore all who are now alive have parsed hence but meantime let us remember that half a loaf is better than ban no bread and make the best of it till whole loaves make their appearance again to this end and not in the least with any intention of abandoning our ground let us give the plan ian for limited recognition and circulation tion all the moral support we are capable of |
