Show ON THE SITUATION it peutor T W perry is by a leporter of tk tie liter cfall ie be iku a isolated aspli vigil lit ernt log of tit problem Pro ilem OT our berig ex 1 I augu op portley a a nd d vestal function ventilation whit what li to your you r opinion of the present financial situation 11 1 I think it wine WPM than bad but not bo hOPOI what lesi 1036 could follow A change cheap of policy by which out country ti is mad made debtor instead ol 01 creditor to europe by a balance of trade against as jansta of ta in out favor I 1 prior to 01 1 0 1 1 ua 14 shot so 10 maofa mob w N that english capital and english operator ought our out in tritt ill held field to place their money and nil still ahm it majd the beat belt to the ellrich enrichment rich ment of america and the impairer Im pOTer of england rears et of a re tenal of 01 that wise policy by the un on certain undefined and aud divided forecast of what bat attitude attl luda the will take upon commercial and ingul trial rial measures nea aurea hare have reverted reversed our national relation to europe from that of creditor to debtor delator our out import imports now how exceed our out exports the tb balance of trade la is against ua us english capital li is being withdrawn and withheld and our out securities sent home for ale sale adding to the large export of gold which baa has been drawn from ua us this ye arall causing more or leu less anxiety and bull bust ner nets disturbance has not the bherman silver purchase pure laie act bad had something to do with present apprehension incidentally to some om extent but it li not the substantial state of the pro pre railing uneasiness it itwara was however a lancial nan cial mistake it waa was tha growth crowth of a compromise bod and bai boa borne bitter fruit A rare tare opportunity waa wait loit lost when the bill waa was pared posted had the senate pulled a free allver silver coinage bill united limited to american product instead of ita its unlimited free coinage feature the house would then he hare concurred and the president Freal dent approved the mesa ure ore suver would bare have risen to a parity partly W with iab gold and a it fixed fired american mew ure ore of 0 value then than taken out of the do main of politics los there would then have been no err cry nor fear of the tho dump age of the cheap lifer silver of the world and this nation would tody to dy dry be lode inde pendent of the fl nanela dictation of great britain general grant great one ones uld laid that the tile republican party beat beats itself I 1 by ita its own mistakes but bat always beata beats the democratic party on the blunder blunders of democracy the mistake of the sher man act waa wait in providing an illogical and fatal function for silver making it a commodity to 11 well as a measure of value gold thus treated would alaa also be subjected to market price prices for the nation to formally debase debut by sovereign act its it standard atan dard or measure of value by baddin down iti ito value in market as i it trot to t silver under the sherman act if Is a fattal public policy beneath the dignity of sovereignty degrading and destructive to values a st perilous per llou example and unworthy the wisdom wealth and power of the rich et est nation of the earth our out perplexity li Is england d i 0 she he has been this crisis to cripple the commercial rivalry of this republic blis never in tended any agreement on an inter national monetary standard itan dard at the brussels conference bhe coyed with delegate delegates and delay for defeat biding the opportune time while gold wai was being drawn largely from us 01 consternation crept into our On financial social circle circles and distrust partly 2 ing our industries and mart marts of trade the he struck he her r crown log blow to fell us u in her governmental suspension of free colas coinage sire of silver la in india I 1 against the interest Inte reit of the people 0 of f her indian empire the local govern ment of british india hai has made this british coup d betat net not to build up in dia dis but to strike down america we WO hall shall be nn worthy of americana americans it if we do not flatly resent it and rise to the dignity and policy of an independent nation T ili i thui thus suddenly ud denly brought to trial now come comes the crucial teat tat of democratic wisdom the president Freal dent ident is 1 in doubtful perplexity between the upper and nether millstone of party pledges and party policy Clo vellis d li to forced to confront a it con or be retired to delusive delu atre theory ry will the called special session of Con angress grei repeal the sherman act do you suppose ap poe not unconditionally if it it hopes to meet the emergency it li that enouf ii southern hern number members induced to rote vote for repeal peal provided the 10 per cent tax upon state issue la 14 removed may join the advocates of a single old told standard tan dard to make up a majority for repeal but I 1 doubt it the remedy would not be worth the of principle to effect it ua less the democracy are fated feted to commit a fatal blunder congress Cong reia li Is more likely to repeal the sherman ait us and substitute tree free coinage of silver at an increased ratio with nold and limit ed to american Ami rican product thus I 1 leibing ishin a practical ica I 1 policy of bi metal lim sm rho the alter dollar made toads equal to the g gold id dollar doll arand ond alike mike freely coined this would be meeting a grave emer goncy of the nation by american states manship mans bip la in a prompt and perma nent dent relief with an assured prosperity to america |