Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-03-10

Totals. Sizes. 937.756 Sl.324. 440, OPS
The letter containing the above para
graph was written to show the folly OF
the Democrats in Congress who replied
20 Mr.. CLEvELAND's anti-silver letter.
But it happens to argue on the other
side.
Those figures tell the whole story.
When the silver bill was under dis
cussion eight years ago the mono
mctallists predicted the most dire dis
asters rs the inevitable and early con-
sequence Of its passage. Among the
dreadful results that were sure to
follow from its enactment was the out
fow Of all the gold in this coun-
try and the resort to the single
silver standard in the United States.
But look at the figures. There is twice
as much gold as silver now in the land,
and more than three times as much gold
as there was the day the silver bill be-
came . law Is not that simple fact
enough to quiet the fears Of the mono
metallists and induce them to give us a
rest on this subject? Now, look back
at the figures. They are ofiicial--di-
rect from the United States Mint.
Many monometallists say that the
United States are making single
handed fight against the single gold
standard. Mr.. HALsTEAD says well,
though he favors the discontinuance of
the compulsory coinage Of silver, that
the silver held by the Bank of France
on the LIST Of March amounted in our
money to s4OS, OOO,0 900 "And it has
not driven gold out Of the country
either" although France has about twice
AZ much silver as the United States.
Again: The Italian Government has
threatened to terminate the Latin Mon
etary Union unless concessions are
made that will enable Italy to coin a
certain amount Of silver. The Italian
Treasury holds 1876 100000 francs in
silver Of the old Bourbon Government,
and wishes to recon it in 5-iranc and
lire pieces.
Once more Read the following:
PARIS. March To-day in the
Chamber of Deputies NJ. Soubeyran
questioned the Government regarding
monetary circulation. He pointed out
the danger Of allowing silver to lie idle,
and said that Gcrmsny's futile at
tempt 70 demonetize silver after
the war Of 1870 showed the
necessity Of admitting the principle
u bimetaIlism. lie said he believed
that the financial crisis arose from the
psucity Of the silver in circulation, and
predicted that depreciation In the
5sloe Of silver and fresh commercial
di5lcultics would follow suspension Of
sitter coinage in America. The only
remedy for the present troubles was to
restore the circulation Of silver on a
wide basis. lie moved a resumption Of
negotiations for speedy meeting Of the
Monetary Conference.
N. Tirard, Minister Of Finance, adj
mittea tho advantages Of bimetallism.
but pointed out the difficulty of its at
tainincnt. He said he would consider
wheeler II was possible to demand a
re1ss<mbling OF the Conference Of 1881.
Owing 10 the divergence Of views Of the
powers he had little hope Of succeeding.
He asked the withdrawal Of the motion
As iseppostuue. NJ. soubeyran con-
scented.
Thsworid demands the world s money
and viii hare II.
Cosgress has adjourned. There is
NJ prospect Of stopping the coinage Of
ailvsr or putting 40 grains into q dol
Ter. Let US make the best Of the situ-
atien Is II is.
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