Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-09-22
NJ. Daniel Reinforced.

Ny. Daniel Reinforced.
Ono of the most thorougbly-inforned
advocates of the double standard TO lie
found in theworld IS Mr.. MoREToS fREwKN'
the distinguished Enelishman. or. as we
might better say, the distinguished tnghsH
statesman Of that name. He Is not only
statesman, but philosopher not only
heartily and lntolligently IN favor OF Oi-
ne.allisIn. hut So imbucd with the subject
that whom he writes upon II he silences All
the guns of the enemy for the time being.
We sav Mr. FREWRN has reinforced
Senator DANIEL. But the fact Is that Mr..
TBrwyx's letter WAS written before senator
D,xryl's II was dated IN san Francisco
on the 9th Of September. and was on lts
vav to the East at the time that Senator
D,lyr. WAS penning his. 1t Is clear, there
fore. that neither gentleman had any hints
from the other III writing those two valu-
able documents. We might say, as 10 Mr..
rErwrN's letter, what We said as 10 Senator
DANIELS. that nobody can present any
new view Of the silver question. Never
,heless Of each letter We may say that 1t
contains
"whs, OF was thought. bu, ne'er 90 we'll ex-
Yresscl@
Sir. fEEwry saws rs - the argument
that Europeans would under "A free coinage
law dump their silver upon the United
States. that tho Europeans could buy
more silver ut homo for their gold than
they could buy in this country. We make
I. I he en-. a
70 sl2is grains Of silver nine tonths fine, or
l6 tol. France. for example, could IN 1859
under the Latin Monetary Union have
compelled Belgium and Italy 10 buy back
no. less than sixty millions Of their silver
now in circulation in France and buy IT at
to i5i. In other words. for 1874 cents per
standard ounce. As France did not sell 70
Italy at 1874 cents would sho sell to the
United States at 1891 II silver II worth
nearly por cent. more IN France than IN
this country how in the name Of reason can
anybody expect it to he shipped to the
latter?
Nj. FEEwHS says that a. no administration
could stand IN this country which should
pass a law demonetizing silver, 80 no adj
ministra,ion could stand in France which
should take executive action hostile 10
silver. Ia word, rs we have Donometal-
lisrn in this country and yet the people are
bimetallists % IT Is IN France and there
il no more danger of the demonotizatiOn
Of silver. by law in France than III this
country. Silver stands there as here upon
its merits. An act 10 melt silver coins
10 turn them into bullion could not
- A - II
France thus converts her silver coins into
bullion they will never be sent 10 the
United States T. be exchanged for gold at
I6to1. Would Senator SHEINaS or Presi-
dent HARRISON sell silver at sixteen ounces
for one Of gold when France recognizes 1t
as worth nearly 4 yer cent, moro!
There is 10 country in Europe except
Austria (Which has but little IL oil and
none - svare) III II position to melt and
sell silver coins without further lcglsla-
ton and this hostile legislation cannot
be had. In word, European silver com
ed 49, to l will not be exchanged in
America l6 to l.
But what saws Mr.. FERwzN as to Asia
viii Asia send Us her silver under tree
coinage law The supposition Is prepos-
ferrous. 1t would take infinitely less
time, trouble. and expense 10 reproduce
silver from the quartZ-velns Of tho Rocky
Mountains than 10 get itfrom India. which
has no banks excep, IN half dozen towns.
and no possible way Of collecting SILVER 70
be sent 10 this country. Then the people
Of India hoard silver we are told. True;
but the Loardors prize 1t too highly even u
allow il 10 get out of their possession. In
aword, there ~ no possibility If getting
the India gold If we wanted IT. "Nou
can get silver from India only upon the
terms on which ALADDIS's lamp was pur-
chased" 10 get II thence you must
pay new rupee for an old one
Again. saws Mr.. FREwEN The export
from India Of the small sum II fifteen mil
hon dollars of silver would put up the
bank rate in India TO "a per cent, whilst
the export Of thirty millions OF dollars
would make it impossible for the British
Government to collect its revenues or pay
its troops" We use tie word dollars in
stead Of the word rupees for convenience
sake
This India question is wha. our people
do not understand especially our mono
Ine,ailists. Would that they would study
IL.
Finally, Mr.. FgrwES declares that the
fall in the price Of silver caused by our
hostile attitude towards that metal and
by the hostile attitude Of Europe towards
IL has enormously stimulated the exports
of agricultural produce to Europe from
ASIA and has fostered q competition in
wheat, cotton and other staples which has
diminished the receipts Of the American
farmer by hundreds Of millions Of dollars"
Think Of that. We Alliance men. Think
Of that, We farmers, planters, and working
men. Your lawmakers have passed
statutes which have cost you hundreds Of
millions Of dollars. They have legislated
30 as % protect your competitors IL the
wheat. cotton. aud other markets aud SO
as 10 inpoverish you. VIII you not COM
pei your public servants 20 resume their
allegiance 10 the United States and LEI !
England take care of India?