Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-11-22

a
The proceedings OF the various poaies
which were in session at Indianspohs
last week would seem 70 indica'c tna'
fbeyn will be'no third party worthy OK the
name fally organized snd prepared 70 TAKE
pnrt IN the next presidential eiec,lon'
That election y 90 near at hand that us m
auenea Il felt and manifested wherever
there Il an assemblage OF delegates repio.
senting any organization in session. 1nas
Great election overshadows ali other events
81 the near future. and attracts 30 mucn
attention that II Is already evident that
an tho third parties must fail to cut Woe
swathe IN the political field next Novem-
her We do not mean to assert that 'ners
Will not be strong new parties IN goou
time. but merely that the present time
seems 70 DO unfavorable to their develop
,o.nt 10 such an extent as to make them
the successful rivals of the two great par
tics which have 30 long divided between
them almost all the political strength o.
the country.
The CUB Treasury scheme and the pro-
pos.tion 20 make real money" 70 90
.issued directly to the people must oe
reoarded As no longer possessing mueh
strength. For surely if the compromise
measure of coming silver free OF charge y
objected to by the voters as too raoicai
The Alliance men can have no hope OF sue
ceeding in their effort to debase the creul'
and destroy the best banking system "e
have ever had in this country. Up 10 q re-
cent date we would have pronounced ours
the best banking system in the worlu. We
conbne our remark to this country no"
because so many bankers and well-posVet,
6uanciers declare that both in Canada ana
in Scotland there are banking systems ~
operation superior to ours. Anyhow tneIe
was in the results OF the recent electlohs
nothing to encourage the hopes OF Urea
sury tinkers and financial cranks.
These remarks have been called tortn oy
the discordant voices which, all claiming 10
represent the people, were heard last
week in Indianapolis, not making nign'
hideous." but making the day vocal Win
the advocacy of wild schemes. There APP
pears 10 have been no concord OF sweet
sounds nor of financial or politico-eco-
nomical theories. The reformers are az
discount. and economic reforms must take
back seat for the present. These are
natural results of the fact that the All
ance has been falling OF in many states
The Farmers Mutual Benefit Association
has features of its own. We presume that
one Of them is insurance of some sort.
IL il this association, too. we suppose,
which is referred to when it is stated tnat
the State agents in session in Indianapolis
had sdopted the RoAcHDALE plan, which
contemplates cash sales at Alliance stores
and division of profits among the pa
irons. These projects or schemes we re-
gard as visionary. We do not pronounce
them absolutely impracticable; because
such stores can be set up and can be Kept
mn for a short time. But no sort OF CO.
operation can ever successfully contend
with competition. Competition produces
low prices, cash sales, no accounts or else
good ones, aud thorough business
methods. Cooperation produces high
prices. credit sales, bad accounts, and the
methods of men who sre not personally
interested in every transaction OF the
store. However, we will not discuss the
merits of cooperation. We were once
inclined TO favor it, and proceeded 10
study it, but with the result of learning
or thinking we had learned, that there IS
no thoroughfare for the workingman IN
that direction.
Another foolish scheme is the PROPOSE
ton to establish an advertising agency in
New York for the exclusive benefit OF re-
form papers. Such schemes always come
TO naught. The world is not moving III
the direction indicated in that scheme but
lust the other way. For good and SUM
Gent reasons we dismiss this scheme with
out further comment.
All these things tell us that there Is
presidential election near ct hand. We
set out to say a word on that subject, but
have wandered away from 1t. However
we shall not lack for opportunities to all
our theories in regard TO that important
| election.