Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-09-18
FRIDAY SEPTEMBER IL. 1891.
State Street and Wall Street on Silver

matter in which every good citizen IL
deeply interested 70 read carefully the
utterances Of the party conventions OF the
various States on tho silver question.
Silver does not hide its head nor need
The protection Of either or any party. IL
stands upon It's record and its merits. In
TWENTY-FIVE States the Democratic party
has declared in favor OF placing gold and
silver upon parity. Virginia NAV be
counted "a the twenty-thrd, and oil tho
States which the Alliances control or IN
which they show great strength may be
ranged upon the same side.
We repeat that the free coinage Of silver
measure which 80 commends itself TO
popular support that II needs not the sus-
tanning hand Of any money centre nor the
approving words Of any party.
Therefore we need not trouble ourselves
greatly as To the utt~rances on the silver
question Of any party in the Statos known
10 be dominated by tho mOneyed interests.
Yet il will not be smiss for any and all OF
Us 10 study the real meaning OF tho silver
resolution Of the New York Democratic
State Convention OF Wednesday. and tho
silver resolution Of the Massachusetts,
Republican State Convention of tho same
day. As we said Yesterday. the former
does little more than declare the adho-
renee Of the New York Democrats 70 the
principles Of sound finance" and pro-
test against the coinage of any silver
dollar which Is not of the intrinsic value
Of every other dollar of the United
States" and denounce the SHERMAN
silver law These views are clothed in Ian
CuaCe which shows that the New York
Democrats know how strong silver is in
most of the States. and were not disposed
90 antagonize their brethren in such
States. We claim TO be consistent. con-
slant friends Of the free coinage OF silver.
and yet we can candidly say that there is
only one sentence in the silver plank of
the New York Democracy which we can
pot endorse. That sentence is "a follows:
I've are against tho coinage Of silver
dollar which is no. OF the intrinsic value
Of every other dollar of the United States"
Nay. we might claim TO be able to endorse
even this sentence: for the contention and
expectation of the bimetallists is that the
passage Of q law providing for the FREQ
coinage OF silver will have tho effect OF
giving TO silver 1.-THE intrinsic value" OF
gold l6 TO u. And. as to that part of
the New York Democratic platform which
denounces the SHERMAN silver law, the
DrsPATcH claims 20 be tho first paper in
tie United States - have declared that to
provide for purchasing any gwen amount
Of silver 10 be coined into money Is TO
discredit tho white metal and convert sill
yer into mere commodity. The silver
ties to be consistent must contend for the
coinage of all the silver brought 10 the
minis or OF none of it. "All or none"
must be their motto. We claim that there
has been great advance IN the Demo
cratic party of New York when it thus
denounces the SHERMAN law. The one les
son that we of Virginia are to learn from
.he silver resolution of the New York De
11ocrats is that in the Democratic National
Convention of 1892 there will be a battle
Yoyal between the monomets and the bi-
NETS, and that in that convention Virginia
must prepare to range herself under the
banner Of the people. Victory Will surely
perch upon our standards II these are
borne by none other than friends of the
dollar Of the daddies. Tammany support
ed TuDEs in 1876.
So much for Wall street. State street
speaks in firmer tone and in less ambigu-
pus language. Boston speaks for both
parties when she declares for gold mono
metallism. But even Boston declares con-
ditionally for bimetailism and free coinage,
thus recognizing tho strength of the free
coinage movement. Her words are that
che is unalterably opposed to the I'M
limited coinage Of silver by this country
excepting upon uniform international
ratio TO gold" We repeat that the silver
ties expect the free coinage Of silver to
result in making silver equal to gold &c
10 u in the markets of the world.
Enough for the present. Our readers
must keep their eyes upon the northern
people. The Alliances and Alliance men
In Virginia must not lose sight Of the
deadly hostility Of the northern Republi-
cans to the favorte measure of the farm
srs. The Democrats of Virginia are in " q
strait" Let as not sacrifice our good old
Commonwealth in the pursuit OF will
o'-the-wisp.