in debt, and they should not be suspected of a desire to jeopardize the
financial safety of the country in order that they may cancel their
present debts by paying the same in depreciated dollars. Nor should it
be forgotten that it is not the rich nor the money lender alone that
must submit to such a readjustment, enforced by the Government and their
debtors. The pittance of the widow and the orphan and the incomes of
helpless beneficiaries of all kinds would be disastrously reduced. The
depositors in savings banks and in other institutions which hold in
trust the savings of the poor, when their little accumulations are
scaled down to meet the new order of things, would in their distress
painfully realize the delusion of the promise made to them that
plentiful money would improve their condition.

We have now on hand all the silver dollars necessary to supply the
present needs of the people and to satisfy those who from sentiment wish
to see them in circulation, and if their coinage is suspended they can
be readily obtained by all who desire them. If the need of more is at
any time apparent, their coinage may be renewed.

That disaster has not already overtaken us furnishes no proof that
danger does not wait upon a continuation of the present silver coinage.
We have been saved by the most careful management and unusual
expedients, by a combination of fortunate conditions, and by a confident
expectation that the course of the Government in regard to silver
coinage would be speedily changed by the action of Congress.

Prosperity hesitates upon our threshold because of the dangers and
uncertainties surrounding this question. Capital timidly shrinks
from trade, and investors are unwilling to take the chance of the
questionable shape in which their money will be returned to them, while