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The Only Possible Final Basis. 9
cates, etc., may save banks and delay or distribute disaster, but will not produce prosperity.
The sobered sense of the people will make them long refuse to develop business until they are assured of an adequate and permanent supply of currency based on the only possible final basis of a sound and sufficient currency—the two precious metals together, limited by the quantities in existence and the cost of production. This can be obtained by the plan I have called joint-metallism.
Anson Phelps Stokes. New York, Feb. 13, 1894.
Editorial Article In The Evening Post Of March 22, 1894.
The most unfortunate feature of the new silver movement started by Gen. Francis A. Walker in Boston is the fact that it gives the rest of the country a false impression as to public sentiment in the East. The silver lunatics of the South and West are not given to fine distinctions, and do not take the trouble to read with discrimination long papers on financial topics. They jump to the conclusion that Walker and some other men whose names are known to them are in favor of silver coinage like themselves, and by another jump decide that this must be the sentiment of New England. This impression is now being given to the people of the South and West by many of the newspapers which publish and comment