Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-08-25

insoluble than the currenoy question. we
are in the midst of possibly the wofs!
nanic which the country has ever hal. ana
X behooyes us. one and all, to discuss the
all-jmportant and monentous tariu anu
currency questions IN ofotneriy hhu 'ln-
partial manner. freely conceding 70 tnose
who differ from US the rigne W 10 80 a.
Two wears ago we we're Ditterly ue-
nounc,ng the Mckinley tariff as the
carsa or our troubles. Six months ago
~ n,o,ecfiye tariff was almost I'M
nnt,ccd in the discussion and we were
awai,inc with fear and trcpb Ding some
terrible disaster when tue goia reserve
sbould fall below one hundred mliiion-
For the last six weeks Tue re d;ncuss hu
ninost wholly confined TO the sherman
Ia az as the iiad of our woes. during MAY
a,d lime Europe was selling American
Securities and there were heavy exports OF
gold for both of which, 1t was ausgeu, tne
Sherman law was responsible. EuIope -
now buylng American securities anu .nSt.
are heavy imports of gold. but no credit
;s now given to the sherman law Tor the
nresent condition, justly so, as poth tne
EXPORTS and imports of gold were OWING
10 whether the balance OF TRACE was iof
or against US.
GIVE US A SETTLEMENT.
Richt here il is we'll TO remember tnat
Tho sherman law was passed by the sold
Republlcan votes III each mouse, nssis.eu
nv n few Eastern Democrats. against the
violent opposition OF the southern ano
Western Democrats. IL Will not 90 10 say
that the East accepted choice 81 I'i s:
Erna COINAGE of silver could hardly have
more disturbed the public mind OF agra
waited the present condition OK matters.
In any event the question would now DC
settled for veal or for woe.
IN the decade OF 1850-60, "the golden era
of prosperity" whilst the Walker IarlH
was in force--the ideal OF all farm reIoriu-
ers when we had State-bank money ga
lore, when there was no SILVER questlou or
Sherman law to distract us, when foi sew,
en- wears we had been having an output OF
gold unexampled in the history OF the
world, when the grain and cotton crops
were enormous. il IL well TO remember
that we had one of tho greatest panlcs ever
experienced By tue United States.
THE BLAND BILL.
When the Bland bill was passed IN 1878;
in spite of the active opposition oil wall
Street. the drest calamitles were pre-
dicted by the monometallIsts. who con-
tended that all the good effects or the
resumption OF specie payments would
be lost. SO far from thelr promotions us-
ing fulfilled, only good results followed.
England has no silver question and mas
absolute. free trade. Great commercial
depression now prevails there ana
severe distress Ia very general.
The currency question does not con
Germ practically any OF the Euro
pean countries, out nevertheless great de-
preston exists IN all of them. What then
is the lesson to be drawn from all these
facts? Possibly this-that the world mas
been living for years past and doing
business IN fictitious basis and Actual
ed and governed by inflated ideas. and now
that the reaction has set IN the pendulum
IS swinging back.
If man over-eXerts himself Physically
or mentally he Is compelled TO take a pc
Rod Of rest so that the waste .: the hu-
man frame may be restored
The undue financial and commercial ac-
ton of the woTld-whIch Is simply al az
gregaton of indlvlduals-for the past
wears has brought about reaction, aud
we are now in the midst OF II.
The patient who becomes thoroughly
frightened ana loses his will power gene
rally dies.
If we will only realize that our present
trouble is to a large extent due toa scare, ,
and discuss temporarily the situation and
come to conclusion and decision after
taking into consideration the needs and
wants of each section of our immense
country. then all Will be well. W. o. >.