Show the battle cry for 1896 wharton barker on living issues maps out a plan which ho clearly Explains Bimetallism popular chicago dec 22 mr wharton barker of philadelphia who has been visiting colorado and other parts of the far western state was in chicago yesterday mr barker has been a banker and financier all his life and is n man ot very acute intellect and given much to a very careful investigation of all subjects affecting trade and finance lie has been well known all over the country as an active enterprising and bimetallist metal list but at no time haa advocated the free coinage of silver after the man iier of governor waite and ilia friends to alie question do the principles of bimetallism prevail to any extent in alie east mr barker replied yea a verv influential body of citizens of pennsylvania now openly avow bimetallism and mcart to make the campaign of 1896 for bimetallism aa well as protection alie gentlemen who take these grounded are among leading manufacturer anil citizens of philadelphia the first avowal of their determination mi came in september 1893 when ahey indorsed a letter addressed by me to the senators of the united states setting alie necessity of the ashment of bimetallism and a plan for bringing it about without first putting the fluted states upon a silver basis the election they havo put it at alie licad of alie editorial page ol 01 the manufacturer the organ of the manu ac turere club what they call the signboard or like this cload to prosperity how mil alie movement affect gold in making a proposal for the of bimetallism I 1 have kept ill mind the danger of driving alie gold out of and temporarily putting tin states on a silver bash winch would of course mako a contraction of currency aal probably bring a panic what is your proposal Mr barker my proposal is as follows 1 that the united states shall admit silver bul lion from american mines to coinage in its mints upon the payment by the owner of a absorbing three fourths of the difference between thu london market price of the bullion and its value coined 2 that foreign silver shall be admitted only for coinage purposes at a absorbing all ot the difference between the london market its value achen coined this plan would ba to reestablish at onca i bimetallic monetary system for and by the united states it recognizes and meets the dangers that beset independent action by alie statch anu it would soon reestablish the equality of the legal and commercial value of gold and silver aud provide regular addition to the money of the country under this plan foreigners could not to the disadvantage united states nor could producers ra iche united states have an undue profit at it boult give our own producers moderate protection the necessity for the immediate ru establishment ot bimetallism ta prevent a suspension be to all who give alie subject careful tion continued mr barker the gold ie being drawn troia the treasury not because people doubt alio goodness of legal tender notes for redemption demp tion but because gold is required for shipment to europe in settlement of american stocks and bonds returned for gale by european investors and for interest upon all our indebtedness in europe WHAT THE GOLD last year the united states had a trade balance in our favor of in round numbers and in addition to that alio united states shipped about in gold and in silver a total of upward of spent in liquidation of our indebtedness abroad for alio first ten months of this year alie balance of trade has been in our favor about and we have in those ten months in addition to merchandise about gold and silver a total of also in liquidation of debt I 1 speak of this the new york banks and the president pre aident and the secretary oi the treasury try to create the impression eliat gold is withdrawn from the treasury because the paper money of the country is redundant what particularly ill results do you apprehend in is not restored 1 I believe eliat unless silver ia restored to its place as money aide by eido with gold eliat we shall have a further fall in alie general level of prices of corn anil securities because the fall we have already had is not equal to the appreciation of gold of course caused by tha diminution of the supply of money by the of I 1 believe the plan I 1 have suggested first made to alio president in an open letter in july 1803 and lately in an open letter to governor McKi mckindy i the only feasible plan yet proposed it will surely givot us bimetallism without forcing alie suspension of gold payment 1 I do not believe said mr barker in conclusion that any presidential candidate can be elected in 1890 who does not take an vocal stand for bimetallism and protection and whose does not show that ho lias appreciated precia ted what questions mean alio worlds fair award to dr price ita over every other thia verdict was confirmed by alie highest award at the california midwinter fair |