Show DE YOUNG ON THE SITUATION the democratic with silver michael II 11 da young proprietor of tho san francisco anil a mem ajer of the republican national committee while in now york recently said to a herald reporter there are persons in this part of alie country who are figuring on a republican walkover and I 1 notice that drice on behalf of a certain class of democrats hag thrown up the sponge thero are other democrat like former speaker crisp for instance who tako a less cheerless view of ho situation you will remember mr crisp said after tho election that the monetary policy of the democratic party would in alio future be dictated by tho sure democratic states not by alio doubtful to me it seems that crisp is figuring something liko this abo group of known as he solid south which have electoral votes chiu bo depended upon 0 o take any action in the national convention that its leaders dictate now suppose in their wisdom they decide upon a plank favoring arco and independent coinage of silver aliat help couil they expect they are perfectly abaro of die situation and know that they could dolc nd upon the delegates from alio following tales to stand in with them california colorado idaho montana nevada iowa kansas asi dikoon Diko tn arc gou south dakota washington wisconsin wyoming and ut h 10 haive nil shown pro silver or populist leanings and abo latter libet now moans tree bilven illinois as wo all know would in all probability send a delegation favorable us the leading CT hb state aro sro pronounced iu their advocacy of arco coinage the conventions stick to alio two thirds ale and the dele galen from the solid arouth and tho stalls above enumerated would represent bev cral votes short of two thirds ant if the keen politicians of indiana michigan and minnesota have it made clear to them that iho ono fiali ting chance for the party is under tho banner of free silver they would not long refuse their adhesion to tho of crisp dianis and bland if the democrats should adopt a arco coinage plank and the republicans should try to straddle these men think that they could depend upon the votes of the solid south and the 80 votes of 18 other states of course all these conjecture poon tho assumption that the idea by republicans in the states alom the eastern seaboard prevail and that the bartys attitude of friendliness to silver will bo abandoned if good prevails and the republicans corce out for silver and show that they are in earnest no democratic candidate could have a show against them for bimetallism and protection are logically connected now gold Is exported two or more million dollars of gold withdrawn from the united soitos ab treasury and put aboard steamers for shipment to europe in one daiy diy sounds like a pretty big to persons outside of wall street yet it is but few hours labor to the men who make handling their business and the whole transaction is a very simple one when a banker or coffee merchant or whoever it may be determines to send gold to meet his obligations instead of buying bills of exchange he accumulates the amount he intends to ship in currency iu the form of greenbacks green backs treasury notes or gold certificates and presents them at the the treasury officials turn over tho equivalent of the currency presented in gold coin at short notice when the gold is handed to the shipper all government responsibility ceases tho yellow metal is put in canvas bags and carted to a cooper specialty is making kegs for shipping gold the gold kegs are about 18 inches high and 10 inches in diameter at the center they aro made of oak and are firmly strapped with iron hoops the packing of a keg of gold is an easy matter to the gold cooper A keg will hold gold coin and the cooper will have of it all packed ready for shipment in an hours time each keg weighs pounds and is securely sealed it is then ready for tho to the steamer wall street news senator vance in in 1880 said in tho united states senate continue this attack until nil tho silver coin is and a contraction is certain to ensue which will strike down libor to the full extent of tho proposition which silver bears to the whole volume of our money it will prove tho financial calamity which has ever befallen the american people every ipe cies of property will the wages of the poor most of all tho only exception to this universal shrinkage would be in debts and gold these would increase to alie extent that other property decreased in value yet in the blind i cloea af m cn its solemnly pro 1 posed 10 remedy this stion obliterating 64 per cent of what we have should such a scheme bo successful nil over the world the consequence cannot be contemplated without shuddering senator mills senator mills lus introduced a bill tho secretary of tho troas ury to coin all the silver in the treasury into subsidiary coin and providing pio viding eliat when the revenues shall bo insufficient tho secretary shall issue non interest bearing legal tender treasury notes to cover tho deficiency and also that blieu tho gold reserves shall be in axce ss of legal tender notes shall be redeemed in either gold or coin when snail fall below the secretary shall redeem the notes in silver there is a provision re pealing all laws authorizing the issuance of interest bearing bonds |