Show A NOT dissimilar CONDITION in the june issue of tho forum rutledge But ledge gibson in a con article the financial ex cit ement and its causes shows that the present conditions are a duplicate those existed many years ago in an analytical fashion ho discusses the matter and goes to the depths and in ins conclusions places silver in a moat gratifying light before the country lie says it is urged by anti silver critics that our currency legislation has rendered such speculation possible but it liay be in order to remind such abersons that ahn roost disastrous and general bull speculation in twenty five veara occurred prior to and following the baring failure in 1890 in england where the gold find their model currency system the new corporate capital brought out in 1889 was the speculation in brewery shares was a perfect mania JM being paid by the british public for these concerns which were hufled up to fabulous prices to collapse with startling severity there was a boom in argentine colonial and com y a panic and ruinous character the largest sales under this pressure ware made says sir gibson at a period when dilver was very much higher in consequence of the sherman act and when expectation was not uncommon that the increased silver purchases thus provided for might permanently lift up the metal near a parity with gold under our ratio with regard to the future mr gibson bays that outside of wall street there has been some slackening up in trade which promises to continue and indications are not wanting that the bummer will witness an unusual number of failures he asks shall the silver I 1 ill be charged with all the responsibility for the complex causes which operate on trade at large and which 1 have previously described in part and abail we escusa excusa the failures of foolish and incompetent business men by ascribing them to silver legislation if the sherman bill should bo repealed and no substitute be adopted how will that protect business men from the perils of competition and bad judgment or from the ruin that follows in the wake of ambitious adventurers who fatten on the credulity of kular operations in real estate and ii jl mushroom banking v it is the duty of the national silver d league to show the people of the cast that silver is in no way responsible for j the existing financial condition when the people of the country shall have become better educated on the subject silver will speedily resume its rightful place continuing mr gibson says if we had not taken on silver collateral for the new currency issues of the last fifteen years we should have been greatly distressed by the retirement of over aso of national bank notes which were no longer to the issuers is to say nothing 01 meeting the increased demands of trade transportation and industry and the widened area as well as increasing bumbera of our population it ts unfortunate that the great commercial nations of europe have acquired the gold habit and are not vet willing to sober oaf on silver but signs multiply that a rapid chango of sentiment is now under way diplomatic and military considerations rather than the interests of the commercial classes appear to have dominated foreign parlia i menta and legislatures but a new era is cawing da wing i at the brussels monetary conference 1 the proposal of a british delegate though lc perhaps not supported up ported by his immediate pa associates proceeded in general upon the bi lines under which alie united states buys ij dilver air alfred de benting the commercial clashes who are beginning to assert themselves on the monay question brought forward a crude plan european Kur purchase of dilver as he felt that public sentiment there was not quilo reada yet to abandon the eole eold for an international ratio but was ready to demand a wider use of silver the leaven Is working and it may be hoped that by next november when the conference will reassemble definite agreement may be reached la 11 Meant irae despite all the talk and dire fill prophecies as to th trouble that is about to bo precipitated on us if the soul called act be not repealed it ie safe to predict that silver will not be dis discarded by an american Oong as a money acial 1 mr gibson concludes that lothine more can bo accomplished toward the is further depredation degre dation of silver and winda 11 up his very interesting article as followay fol lowa the Ast in the ratio of silver to gold partly due to increased production during the past fifteen years and partly to inimical legislation has undoubtedly passed its maximum any general move rt ment legislatively will now be in agree eh ment with the purposes of the bruise s tt conference and the needs of india and all european merchants and manufacturers trading with silver using countries and 0 the fact that the old bonanzas are pretty well worked out with no new ones in tight BUg geste happier days for the much de episco white metal moreover it will not i do to work ourselves into a passion abobo lc silver for the conditions which now eo ex cite the gold a have so far r been of brief duration compared with the long record of be past and curiously enough they are not dissimilar to thoe which surrounded gold thirty five year ago when many of the greatest authorities condemned the yellow metal as unfit for use as money by reason of its seemingly unlimited production in california end australia SIEW bimetallic journal of new york the empire of finance and trade ig not afraid that if we utilize all the silver in the world we shall have too much money with which to carry on the business of the world and in a leading editorial it says what done ia that all tho silver and gold of the country be issued as money for the purpose of preventing a want of money and financial detriment of auy kind and for the proper credit of the nation and for an example to follow bo glad if all the sil ver in the world comes into the united states and is converted into money and owned by our ration nothing could be more beneficial to the nation and it is time people were seeing the fact HOKKY POKEY SMITH secretary ot the interior by tho grace of grover the great ia alleged to bo miffed because one colonel lett has not been made chair nn of the utah commission and threatens to baiso ked with that unimportant and useless body the herald says that those on the inside state that within the next five days it is probable that all the old members will bo retired and local men selected to fill their places this will make room for 1 john T caine of the herald and colonel sells ali e 1 adfer republican and connected by marriage with the present ruling dynasty m this territory TUB denver republican very truthfully saya that if congress had passed an act for the freo and unlimited coin ago of all the silver produced from the mines of atie united states in 1890 instead of the chetman law our miners would now be receiving an ounce for their bullion and the action of the government of india would not affect our silver market in the greeSS Tho friends of west who opposed alie american product coinage scheme three years ago now probably see what a fatal blunder they ahn committed but it is unfortunately too late for remorse and idleness never did and never will make good and useful citizens out of boys and girls habits of industry are not acquired by run nin around the streets day and night but idleness is the mother of vice and crime truckee cal according to alie reno journal is preparing to turn out a crop of useful and industrious citizens it says that every boy in the town old enough to work ie employed in the factories during the school vacation the world would be better if all towns were in a condition to give employment to all their idle boys MB too says 1 I am in favor of the repeal of the sherman law and do not favor free coinage as a substitute and the president has the same opinion as myself what a fine pair of democratic goldings to draw to grover cleveland and dan lament I 1 |