The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-27

syEpNrsD Il Il FsTsBRI5 MY ~. 1873.
me pragident and Silver

ana ia accord b. him entire honest ~ ~ bat
svar he does. w dosnot now believe that
ne cas err ia intention; but we ifnd erstand
human nature too wei, to suppose that even
ne can have immunity from sts ailiea. |
we like him, aud we should think less ., |
him il NE supposed he were 50 exemptea
from our common defects.
That the reorganization Of silver y &c.
.corfling ia the general desire desire 50
ceneraI AS 10 entitie il TO be considered hA.
s If are firmly persuaded. AS 70 tnaIi
there should be . universat beiiet. o e''
there arises under The question OF tn l l s7
storatson 81 this metal another quesuon
uno, the relative values Of silver and gold,
about u a,ish there Is q difference OF OPINION,
and with regard to that It is hoped on one
aide and feared on the other there may DC
d;ff.rence between the President and the
people OF the United States. We say "tn Toe
neonle OF the United States" for II ever
there was question upon which the "peo-
ME Of the United States were united y y
this question OF the rem netszation OF Sill
vera coin that Is contemporary Wild ~ tue e
Union itself, and coin which is famlliaf'
and which is respected by the natlon-a
coin that answers our purposes, and whose
association with gold as a basis to the paper
currency oi the land has answered admira-
blv the wishes OF us all, and tended iin-
menseIy to the inspiration OF the popular
energies and the Development OF the wealth
n the country. Furthermore, silver IS a
most important part OF the productions OF
the country, and its exclusion as basis OF
circulation would be detrimental to the pup
lie interests and reiarding to the energies OF
the country.
Nevertheless, q disagreement as to the
relative value OF gold and silver under
which the restoration Of silver shall take
Mace tends to divide public opinion as to
the process OF restoration. A disagreement
between the President and the people might
end in their separation upon measure
which in itself. as we believe. is the most
beneficeut that, in financial sense, can be
devised for this country.
Mr.. HAYES, in his message on the subject,
took the ground that the reconciliation OF
silver should not be at value beneath tDat
which the Government had obligated itself
TO nav TO the foreign bondholder. 1t Is
upon this point that his veto is expected by
the gold. worahippers; and If his veto IS
exercised, it is hoped that some influence
NAV be exerted upon some senator that may
reduce the vote for it in the Senate below
the two-thirds majority, and thus defeat
the till.
To this point we have come: We must
take the reports set abroad by the "goid-
worshippers" with several grains OF salt.
But we d. not think the veto so improba-
Bile as we apprehended tito be week since.
What would the veto do? 1t would
throw us all at sea again. The House will
readily pass the bill over the veto. The
Senate is not exactly certain; but we think
it will do as the House does. II, however,
it should not. then the question OF remone-
tization of silver reverts to the people, and
the agitation that would follow would be
not at all beneficial to the country or adj
vantageous to the President. That check
would be put upon the silver wave We do
not for moment believe. The wave would
have a refiuent force that would sweep
away all opposition. But point of anx-
iety with US is as to the effect upon the AID
ministration. We believe that would be
most unfavorable. The men who are now
imploring the President to veto the silver
bill are his personal enemies. There is not
one of them who will stand by him; Lot
one OF them who faYors his generous and
Just policy-not one. He will unquestion-
ably weaken himself amongst those who
are his friends, and gain not jot or title
from those whose views he might propi-
tiate in yetoing the silver bill.
For one, we arc tired Of agitation. We
desire to see the financial trouble disposed
OF. The question Of difference OF opin-
ion to the amount OF few cents as to the
relative value of silver and gold is, in our
opinion, nothing. 1t is absolutely beneath
contempt in comparison with the great
matter OF national pacifcation, national
harmony, peace and contentment.
Whatif there is difference on this point?
Are the bonds of the nation to be paid next
wear? Is there more than the question OF an
terest now involved? Will not the experience
Of few months clearly point out the real
difference in the relative value Of the coins!
And when ascertained, cannot the proper
values be settled: Does not the silver bill
establish commission which is to ascer-
tain this relative value? And what is this
measure for but to lead to the establish
ment OF this relative value?
We respectfully submit that great mea-
sure should not be frustrated upon the mere
preliminary issues when all men are anx-
ious for exact justice. Cannot the people
and the Government unite upon the grand
point?
We are concerned about this matter as
citizen and patriot-one who loves his coun-
try, and prays for its peace, harmony, and
prosperity. 1t is admitted by all that the
stealthy decentralization Of silver impaired
its value; and logically there cannot be a
denial that its reconciliation will enhance
its value. Who knows how far apart the
two metals may be when the effects of re-
monetization may be developed? We do
not think the difference will be material, II
any at all. But the commission to be APP
pointed will settleit and shall we 60 crazy
in the interim over cent or two in the
hundred while the nation suffers injuries
from our financial feuds amounting to mil