The Indiana State sentinel., 1886-01-06
A STRAIGHTFORWARD POLICY DE,
MANDED.

unwaranted attacks upon silver, furnish
any good reason for their own existence?
1t should gravely be considered if there
should not be some severe check put upon
them, when they show so little evidence of
their public responsibility. There never has
been period in their existence when their
concentrated and powerful efforts have not
been directed to the destruction of property
values, and to the creation of scarcity and
high value Ot money. In fact, thev have
been the organized nucleus of pool to con-
troll and enhance the value of money in
active correspondence and sympathy with
the more powerful one that controls the
bonded Indebtedness of Europe.
1t is stated that the hostile attitude of both
the Senate and House, as informally de-
clared, has alarmed the syndicate, and that
it is seeking to reach a compromise. There
should be no compromise If the po-
sition of the advocates of silver is in
any degree correct it involves so many
issues of public welfare that its adoption as
our national policy is positively demanded,
and anything less would be a national evil
OF indefinite duration, and therefore no idea
of compromise should be entertained. The
only limit of compromise is the strength
necessary to carry the plan decided upen into
execution, and on this we see an almost
unanimous opinion in its favor as a gener-
ality, and are therefore confident in the
ability of the country to enforce its will
without reference to the strength of the
syndicate. We are aware that the resources
of the bondholding directory are not ex-
hausted; they have yet the powerful weapon
of bribery, but the time has passed when it
can defect public sentiment by the intro
duction Of false and worthless issues; that
sentiment is thoroughly aroused, and the
sophistry by which il has been deceived has
lost its force, as its duplicity has been un-
masked by the failure of its promises.
The popular party, who are now repre-
sented in this silver issue, have the advan-
tage OF a definite plan. 1t does not advocate
a double standard with only theoretical
and transcendental bases. 1t pro-
poses a definite policy and also
advocates a series of detail through
which it may be carried to practical and
cltNtcSl VI 4SSLc- II lllCAuutS uOl OILY Il pop
ular system of finance, but by its very ma
ture it is at war with evils that threaten the
existence of popular institutions. It's plan
not only includes an increased prosperity to
the business and labor of the country, but 1t
also strikes at the root of the evils defined
by the comprehensive word monopoly"
Contrast this position with the selfishness
that underlies the policy OF its opponents,
whose only tendency is to make themselves,
as a restricted class, the beneficiaries OF the
huge burden OF taxation, and it will be seen
that there should be no compromise, for the
reason that there can be no compromise that
would not be equivalent to a retreat.
The detail by which the general policy of
of the bi-metallists would be made successful,
has been treated of before in these columns.
1t includes a foreign policy looking to a
commercial union of the States of the Amer
lean continent, in which the monetary
values of them all would be reduced to
the same standard on a basis of bi-metal-
ism, and that this standard would
partake largely of a silver color is obvious
from the fact that silver is the principal
money in all of them. 1t also includes the
establishment of navy, and, if necessary,
the subvention of line of steamers.
The President should appoint a large
committee consisting of the prominent man
ufacturers Of the country and representing
its various products, with its headquarters
iu New Orleans. who should be empowered
to personally visit the countries Of South
America and study its wants and methods,
and assist in establishing that entente cOrdiGIe
which would naturally follow from our lib
eral purchases of their productions. This
committee should be constituted solely in
view Of its fitness and the interests it would
represent, irrespective of any party consid-
Grafton whatever, and our State De
partment should act in such
concurrence with it that the methods
or recommendations it would adopt would
be followed promptly by a diplomatic ac-
tjpn.
There Is nothing in this but what is pre-
eminently practicable. 1t is sinking theoret-
zeal conditions into actual conditions and
taking ao vantage of them. This, or some
similar plan, must be adopted if we ever ac-
complish any practical result. Any action
in which the cause and effect are solely within
the country, can have no result whatever on
the disposition of our surplus of manufac-
tured articles, and upon which the prosper
ity OF our labor and true capital depends
and which must be disposed of in some way
outside of this country. If not thus dis
posed OF, the surplus would remain unaltered
with any currency or financial system.
IL happens that our surplus of sill yer in
stead of remaining on our hands, could be
disposed of in payment for South American
Productions that we are now paying England
and France for in gold 1t also happens that
the growing energy of South American
states would be immeasurably furthered with
this very silver which is the only coin
in general use in those countries;
and the concurrence of so many favorable
conditions is an assurance that if properly
managed the plan would be successful.
h thus happens that the silver question
partakes of two phases. 1t is blow at the
pretensions of a class who, intrenched be-
hind their ramparts of special privilege,
soaf~ 20 oo,,&rol tho ontfra pronortv valua 0f