Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-02-24
TUEsDAY......F FEBRUARY "a. 1885
Silver.

Iation on The subject Of the coinage o
silver can be had. II Is to be regretted
that the monometallists are so dog
matte in their utterances and so per
sistent in their refusal to listen to thu
voice of Reason. The single fact tina
The annual production of gold Is SC
small that the quantity Of that meta
used as coin is diminishing as the
worlds population increases is al
all-sufiicient reason why the bi
metaIlists should never yield tn,
maie point in dispute between the
two sets Of theorists. Absolute ruin
lies that wsy-that is, IN the direc-
ton Of the demonstration Of silver.
Even Mr. SHERMAN, the pet Of the
New York financiers. boldly avows that
he is q bimetallist. and advocates the
policy Of coming q silver dollar equal
in value to the gold dollar, and thus
furnishing o currency to China, Japan,
and other silver-using nations. His
scheme seems to be very similar to that
Of Mr.. DoRsHEIAER and Mr.. J. Ed
WARDS PIERREroNT, which we last
week set forth in these columns.
A New York paper objects to MIR.
DoRsHEIMER' scheme that it would
add new silver dollar, as well as a
new kind of paper currency, TO the
circulation of the country. This is no
objection at all unless We have exactly
the right kind Of currency already.
If our currency is not the best posi-
BILE currency, then it is the business
and the duty Of the statesmen
Of the land to continue their eff
forts to remedy that condition Of
things. and never to cease their
labors until they have provided
for the best possible currency. 1t is
the height Of inconsistency in any New
York paper to object to the = buzzard
dollar" or the S5-cent dollar" or the
certificates based upon them, and then
obstinately decline TO cooperate with
these bimetallists who are willing to
put 4S0 grains Of silver into dollar.
OF course il the Senate sdheres to its
Procrustean rules, and chops off the
general-legislation ends of all the APP
preparation bills sent over to that body
from the House of Representatives,
there will be no change made this year
ia the laws regulating the coinage of
silver and gold. But, as was seen the
other day in the case Of the post-ofllce
appropriation bill, the Senate sets at
nsught its own rules whenever other
wise those rules would prevent legisla-
ton which a majority Of the Senator's
favor.
OF course, also, the House Of Repre-
sentativcs may conclude not TO agree to
any legislation prejudicial to the silver
interest Of the country. The fact that
more than hundred Democratic con-
gressmen signed paper requesting Mr..
CLEVELAND not TO commit himself to
shows that the Demo
Gratis as a party are opposed to mono
and in favor Of bimetallism.
On the other hand, the Republicans as
party are committed to monometallism.
but there are leading Democrats who
are monometallists, and leading Repub-
licans who are bimetallists, as is shown
whenever vote on the subject is taken
in either house Of Congress.
The bcst-informed man in Congress
upon all the questions involved in the
controversy between the monometallists
and the bimetallists is Mr.. WARNER,
of Ohio. Wake him up at midnight,
and he Is prepared to give good reasons
Cor the faith that is in him as a BIZ
metallist. Mr.. BucKNRR and Mr..
BLAND may have doubts, but Mr..
MARINER has none. lie is as cock
sare that he is right as ever JOHN
RuLL was that " Britannia rules the
waves" And II he holds out against
any compromise in the matter of the
csinagso Of silver, he will be apt to carry
the Hosse Of Representatives with him.
suppose the law is allowed TO stand
as il is until next wlnterg viii any
harm result to the business interests Of
The country. We have several times
heretofore answered this question in the
negative. As long as three hundred
millions Of silver dollars are Just as good
- three hundred millions Of gold dol
lars at the custom-honses and the Offices
Of the intcnal-revenue collectors, it
will not be easy to induce people TO sell
silver dollars for less than their face.
value. II only the crazy theorists
Of New York could be silenced.l
there would never be a question
rxised touching the relative values Of
tho sold dollar and the silver dollar.
BcEAnY PRICE, the highest Of aa-
lhsrities, ridicules mercilessly the theo-
y hat there is any good reason for
accommodating stores Of gold Tor silver
: any country. II Is . mere supersti-
IN. And yet our New York eentsn-
'esAsiss are continually repeating the |
'zssrtios that the United States Is 10 be |
uinsd b. The expectation to England Of
~ (sr which this country has 10 use
xeept . use which The distinguished
eCiIshnas absye paaed ssys amounts