The midland journal. (Rising Sun, Md.) 1885-1947, 1889-04-05
Friday, April 5, 1850.
The 1rrepress,ble Conflict.

The Irrepresslble Conflict.
There are many evidences of a renewal
of the silver agitation, not only in the Unit
ed States but throughout the world. The
yigor of the memorable bi-metallic battle Of
few years ago, which resulted in partial
victory for the ADVOCATES Of double stand.
ard. especially in this country, promises tc
be eclipsed by the energy with which the
approaching contest in the United States
will be waged.
The first note of onset was sounded by
the silver meu in the Chicago Republican
platform last June, where the policy Of the
Cleyeland administration was arraigned
and denounced for its hostility to silver
With the triumph of November, following
that denunciation, still ringing in the land,
Senator Stewart, of Nevada, on January
End, in an elaborate speech in the Senate,
which speech appeared in recent issue Of
The Financier, struck the second note of the
silver campaign, and the Senator spoke
with an air of authority and confidence Of
success in his purpose that could not have
been assumed and must have been felt.
The subsequent appointment Of Mr..
Window to the Secretaryship of the Treas.
ury gives confirmation to the report thai
the present administration is in harmony
with its platform Of principles, and thai
next winter we shall see legislation which
will reinstate silver TO its old position in
the American coinage-on an equality with
gold.
Certainly by the next meeting of Con-
gress, unless something unlocked for occurs
In the intervening months, the predictions
Of vide disaster and financial chaos by the
opponents of the present limited silver dol
lar coinage will have been proven false and
delusive. Gold did not flee the land; panic
did not paralyze trade; silver was not dump
ed upon us by all the nations of the earth
On the contrary, so far, the reverse Of al
the evils that were predicted has come true
Gold has multiplied in the hands of thu
people, and the representatives of the silver
dollar are taken greedily and eagerly by al
classes of trade to the fall limit of coinage
and that too, in the face of a relentless dis
elimination and degradation of the meta
by hostile administration.
Next winter, when the question is fairly
up again. the opposition will be in an un-
enviable position, confronted as they viii
be with their opinions of ten years before
and ifagain successful in defeating free
coinage, it must be on different grounds
and by different arguments from those which
once unnecessarily and unjustly frightened
the commercial world into feelings of terror
and apprehension.--Ike Financier.
THE following is the resolution of the
Republican platform referred to above:
"The Republican party is in favor of botf
gold and silver as money, and Conference.-The
policy of the Democratic administration in
its efforts to demonetise silver"
This declaration of purpose commits the
present administration, as far as "plat-
forms" are capable of committing, to the
policy of remonelizing silver, and restoring
the white metal to its money status with
gold, which it occupied before it's demone-
tization prior to 1873. The "plank" above
quoted is not altogether fair in condemniug
s'the policy of the Democratic administra-
ton in its efforts to demonetize silver"
The Democratic party was not in power in
1873 when the act was passed which de-
monetized silver, and Hon. John Sherman
was chairman ofthe committee that reported
the fatal bill. Nevertheless, Mr.. Cleveland's
administrati, Disseminated against silver
as far as possible, but in this it only follow
ed preceding administrations. The fact
is that Wall Street has been shaping the
financial policy of the government since the
war, aud that policy has moi been made a
party measure to any appreciable extent.
Wall street moves quietly as possible and
avoids public inquiry. New York, thank
the growing west, is losing its balance Of
power in the government and four new
states, with fifth soon to follow will by
this change of political gravity, we doubt
not, bring the present administration up to
fulfilling the declaration embodied in the
silver plank Of the Chicago platform.