Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-06-29
The BATTLE OF THE STANDARDS.

itN"HN ot.AAAfs o W. WOOD.
The BATTLE OF THE sTANDARDS.
The Good Results Expected TO Follow the
Opening Of American Mints to Silver.
IT, The Edi'or ofhc Dis.,ofcb:
The first good Will be TO place silver at par
with gold 20 the coin ra5io, by restoring II
TO lts place a. money metal.
10 Will then no more than gold does
now seek a market for the world's use #
10 Will hc it, market and "tho CON OF the
realm its value.
The open m NJ eetablshcs this irrevoca-
DIV. for the com and the metal are inter
convertible one into the o.ner at the will
oil The holder, as the mint and the melting
pot are available % all.
Secondly. we shall have a Greater stabili-
~ n the value of money hy the TeadOption
q The dual standard. This import and
quality of good money cannot be too
n c.Iy priced, and the iull concurrent use
OF nature. supply Of both precious metals
VIII but secure this stability.
There is not the slightest danger e tho
volume Of both metals being excessive 10
supply the demands OF the world. Neither
metal has ever teen found IA excessive
quantity IN the past: and now with the
wonderful wealth. creating forces devcl-
Opod and constantly being developed in
oUr day. the accumulation Of wealth j.
much more rapid than is ;he addition to
tlc worlds stock Of primary money from
the mines.
This fact should be recognized by our
lc- .s.atOrs I'm dealing with TINS great
question. for II is the true calse of the
widespread arrangement Ot values and
C.u-cgucnt q .lre. which ls now prevail
ln1 I'D large sections of our own country
and indeed .hIougLOui tie western world.
n is the prlmo cause 81 the decliuo' OF
aorlculture. for tine relief of which 80
many pet tions have poured INTO CONGRESS
and into the British and German larlla-
lnruts ms M for the restoration Of silver.
Some men peak of tle decline of silver.
T. j. Orly ia reference to cold tha' Il has
declined.
Iut inca ural by gold 10 Las declined
lc~, than hay. staple JrJ'cl'-, the product
of sorm. flores end mine; therefor. 10 can
much more truly be sad chat gold and
fll,o.u.. based ugou cold has appreci-
atei.
fYprec-ati1p id fle value of money ia de.
probation il the pric. Of columodit .es.
Some writer's den. this. yet I'D ilC same
breath declare hit bimeta m (Which
c.u only lie secured 1v free coinage or its
,su,yalcut -thc.oc.rtI0n of silver bars az
c.in v..ucJ Is luialon.. and thus expose
th,.r fan .eioUe reasoning.
All political ocon. M.t agree mat a,
more money O facilitate commerce ny 'ht
ilicrc. ANGER ..ulrad. TO ca .t.l the vol
ufco. rrimart money al such q period Of
Industrial oX,4u ion as We entered upon ai
The close Of our c.Il war was crime
AGAINST humanity. anl view IL d. one may
II was iuc,eU- ale folly.
Cur position is peculiarly favorable ae q
re.tif,irg the Wrung done bv the lcgl-l2
ton of ls73-u wrong winch affected other
nations ~ We. as our own.
Nearc the reata~t producers of both
gold and silver. and our Wealth-croatina
IL ourcc- are practically ami mited. far eX-
cecdlug those of aul o.her nation.
tlr whole treatment of thi5 silver Qucs-
tion has thus far iceu most illogical. un-
scientific. and unwise i'm every way.
Ne have now the Grand opportunity %
correct uast mistakes and Lad wsitiug
world IN "A monetary reform which viii zee
hailed with delight bv millions of people
over the .eqs. and al the came time confer
iuae,lmablo BLESSINGS upon our own tolllng
masses
Such action w0uld ~ once give life and
homo ro ourpe,plc md restore 20 activity
an ouriudustrie~. aud farm products would
orc. more lat profit.
Iu. viii drive away our gold, say the
crnaLrr-.
IL will only drive the cr0akcrs to cover
for the, ny. of the same tribe who -o
i,rorla. led in ISIS and continu ,uslv since
Hn,ic we MONT To- Tie increase of our stock
Of gold from ,lG..'ul,4'2 JuiN /. I0i'' 10
,'.,,,, ,..,'.rt Of 1855 m So 6rure. ius
tIfvtbe claims made bv bimetalists at that
i'm.
I.on,er trifline with tins grave question
oilr. not o. hc tolerated. tor oar farming
inter, 4, demand instant rel at.
Ibe- are now ma acoud.tion doplorabl,
and relief Is called for.
What "A situation for statesmen to con-
temu.tei Hard times in an era OF unr
vcr-al peace and a plenty OF evcrythiua
Int money 10 effect An easy and Just as
trilmtion OF our products. go,
Free coinage. by acting upon prices, will
relieve the farmer a. no other temP9rlzna
measure can. we VII 4uV,c 'i1'. II, mo- i'D
Schmidt The silver Question IN It's