Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-01-29

reduced TO 185< times the qusntisy q ~.
yer. and from that II was aeduced that
valued by that ratio OF supply the miyer
dollar would be worth ABOUT Silly GEMS
more than tho gold doilaaj inus provine
sarted Tint .fhs fdH Of siirty' scds not dsH %
.sns.,rs,, s.,,,ss. nj ne result Of statute ldsr'
silver was wronafully deprived OF its
functions. Great statesmen know 1t ana
VIM shou,a there be single doubt as 10
Oh y NOM, o. and practicsbility OF undoing
he Law Tho wrong done by that act? AZ
we have before stated, all silver not used
in the arts is rapidly coined into money
and everywhere used as money by III,
the people Of the world VINO use coinei
money nj all. One open mint supported
by any great nation can ~ me lSssuas
silver TO its coin parity. VINO peneves
thst an ounce could he bought anywhere
40 less than coin value IL our mirlts were
opened to its reception on the terms that
gold is admitted.
long II would take silver bullion TO reach
mar il n free coinage act was passed. "One
hour would do it," was the reply;
A distinguished gentleman, who y not
only very wealthy but oi specuiati,e
turn recently made an effort to provide
Cor tbe nurchsse of 10 0o0. 900 ounces of sill
yor he Leino well satisfied that we were
on the high road to its full restoration.
He vas assured by brokers that not a
twentieth part of that quantity could be
II certainly is not the province of our
Government to speculate In tho money
metals.
Its constitutional power to change the
standard of yalue and impair tnc oDliga-
H., NJ, doing . Desired
Trivial changes in our coinage laws have
been made and no question raised, but
n sweeping act or acts Qor it could only
have been accomplished by the concurrent
action Of two or more great natlons) de-
strovinc the money functions of SILVER was
a crime against humanity.
The farmers of our country need relief.
The world needs it. :,
The class Of men who from liked habit
regard gold as fixed standard OF value
unalterable and Interchangeable are no longer
safe guides.
Those who doubt should turn to sunny
France. to which Senator Teller this week
in the Senate referred ~ 1.-THE one bright,
shining spot in the world where the people
have money enough with which to do busi-
ness and the only country in the world
where the farmers are prosperous
By the table given by Secretary Window
the Bank of France held at late date as
follows pounds sterling rated at So:
Gold. -ls'lov'ey1
Sod'<o1Oo
Notes in circulation. osSitouV'
total OF. 100, so 900
Besides the coin in circulation among the
people and in other banks. which Will make
an immense addition tothe above sum-.
With vastly less national wealth and OF
commerce, and q population not much
more than half our own. and q territorial
limit so much smaller. she uses vastly more
money and yet maintains more than $780,
600 600 of silver coins at par with gold (some
writers say $500. ,00O), and her paper
money is at par also, and France is the
most prosperous of all nations because her
financial policy is the wisest. American
fnanciers appear to be only actuated by q
purpose to secure the latest dividends Tor
themselves.
1t is time that the people gave more at
tention to this matter. that prosperity may
once more become general instead OF being
confined to the few.
As Mr.. Il. johnson Barbour said before
the Silver Committee IN Washington,
Something must be done or virginia will
be bankrupted." He might have applied
it to the farmers of the country at large.
j. W. PogrEs.