Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-24


is relied on to make It a law. Meantim,
q running fire Of speeches testines To pro
found interest, and to action study which
ought TO facilitate this contamination 81
deyoutly 10 be wished.
THE TwO-FoLD TASK or CONGRESS.
The task OF congress 10 two-fdld; II
deal with the danger Of a premium or
gold, or discount on silver, and to advanc,
a settlement Of the silver question as ,
worldwide issue which mnst be met n,
the community Of nations upon a com.
mon plan. For the present, such bill
as Mr.. Alllson's or Mr.. Sherman's 4.
or any measure suspending The
coinage In reasonable time, will meet
the requirement first mentioned: that is.
will sliay the present fear of break m
the parity of moneys. At the same time.
II ls clear that any measure under which
an enlargement of the stock of silver
based money goes on, Is but nursing a
danger which may rise to activity In the
future. To make safe any important
extension Of this stock, and especially
any extension which is without limit ei
time or amount, IL IS necessary to CON
front the silver question as whole, that
-, as an international question: matter
OF foreign policy.
AN ISSUE OF INTERNATIONAL POLITICS.
From this point Of view the paramount
practical question before congress- a
therefore; What effect any proposed re
Issue Will have upon the prospects OF
monetary action in Europe. That the
aim OF sound craftsmanship must be TO
give success to the policy Of the monetary
conference | shall assume without argu-
ftrtx r.l 4, a..
be fairly claimed in 1886, by one who was
so long consistent hereto. What
measure on the part OF this country is
needed TO promote the restoration OF sill
yer 70 free coinage In Europe?
1t Is Europe that must provide mate
rial Tor answer to this question. Ger
many is of course the objective point of
query IL Bismarck adopts q bimetallist
policy, the rest Of the continent viii
join, and England can be brought to give
material aid In creating new and sa fe
balance OF power. Germany is In activi-
ty on the monetary question; popular
agitation, spurred on by the progressive
fall Of prices (embittered by foreign com
petition) which discrepancies busine IS and
discourages enterprise, is directing at
tention an obvious remedy. restora.
ton of the metallic basis Of valuations to
the stability 1t lost through the continent
tai embargo laid upon silver is the best
stroke of economic legislation in the
field
But the gold party is militant and the
government remains in position standing
upon the existing state Of things.
The leading friends of bi-metallism In
Germany look TO America for alliance in
this struggle, and they regard an act of
congress fixing limit 10 the present
silver coinage as the strongest weapon
with winch TO break down the barriers Of
inertia and prejudice in Germany.
know of no hi IN talist leader in
Europe who does not share this opinion
Pride, prejudice, inertia guard the anti
SILVER policy Of great states in 1856 as
they dld in 1876; aud the years, as they
batter down prejudice and humble pride, !
yet are all the time adding to the inertia |
81 acc mplishcd facts Ten wears have
passed since France stopped silver coin
age, eight years since the CO ference of |
1878 proposed 81 ttlement of the silver |
question ny concerted action While the |
united States a serbs, and promises for |
III Indefinite future to absorb, twenty four
nllllons worth yearly, of that new |
SILVER, which, if sent TO London for
rate, would deran9e European I
exchanges, lower European prices, and I
discount European money. European
governments have attended, and may be
TO attend, 70 matters more in
nediately pressi g than silver. Every
rear Of delay endangers the final restora
ion OF any nigh ratio and tends to force
REIMBURSEMENT OF American prices and
Ippraisements.
The figures Of American investments
IRE to be scaled down at the command of
he Indian rupee they are to be accom-
nodat d to the fall of silver as compared
with gold, which now reaches 2S pr
'ent aud Indian wheat and cotton, etc.
IRE the Instruments of destiny to work
his change. The only hope for the
OF Europe and America lies in
restoration of silver coinage in Europe
The instinct If self-preservatlon ought 10
'onspire with other motions 10 lead con.
'ress to treat its act touching silver as
moves IN great game or campaign Of
diplomacy.
II ms we're done, and ably done, the
liver question would at last be settled.