People's Pilot, Volume 2, Number 31, Rensselaer, Jasper County, 20 January 1893 — SPEAKING OUT. [ARTICLE]

SPEAKING OUT.

Many Democratic Paper* Advocating an American Monetary Basle. We are glad to note that some of the leading democratic papers are speaking out in favor of a purely American monetary basis. Among them is the St Louis Republic, from which we clip the following: “The present congress does well enough to leave coinage legislation alone, that the coming congress may be the freer to act—as, of course, it will act The international conference has served its turn, and every one now understands that there is no hope whatever of agreement between this country and Europe. It may be the honest belief of some that it is unsafe for us to manage our treasury and our mints on any other than a European basis, but the demands of our people and the exigencies of our politics will force an independent American basis, defeating any administration party that opposes it “Tiie American basis will be that of bi-metallism, a currency of coin and coin notea We will never lack gold enough for international trade and for the settlement of home contracts which call for gold payments. Silver and the coin notes of the treasury will answer every other purpose in our trade, giving us a currency which will not admit either sudden contraction or expansion. "The financial policies of the leading nations of Europe are dictated by a few great money-lenders like the Rothschilds It is neither necessary nor expedient that we should accept these policies. In this case, as in a good many others, it is better to trust the American people than the financiers of Europe.” •