The herald., 1893-07-18
GIVE IS A GENUINE AMERICAN POLICY.

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The great fight on silver will, ofcourse,
involve the principal issues OF the special
session. That it will be fight to the
death cannot be doubted, and yet, from
the very bitterness of the contestants. a
compromise of some kind is highly
probable. 1t will, in all probability, be
in the line Of the free coinage Of silver,
but confning such free coinage to the
silver product OF the United States.
That the Sherman bill can be repealed
without some considerable concessions,
not to the silver men but to the public
sentiment Of the country, may be dis
missed at once as chimers. The silver
men alone cannot win the fight, bat the
agriculturists and the southern planters
have both caught on to the vital char
scter Of the issue involved, and
the silver men are perfectly
right in thinking that they will
have solid allies from all sections OF the
country. With silver demonetized with
out compensation the western farmer
and southern planter know that their
products will 60 down to nothing. They
understand very we'll the game of Wall
street, and no subsidized newspapers
can pull the wool over their eyes. The
moment silver is absolutely demonetized,
which is what the repeal of the Sherman
bill without compensation would mean,
wheat would 90 down to twenty-five
cents bushsl. barley to ten cents and
cotton to figure very low indeed. Eng
land would be able to get all the silver
che needed at her own price, and would
be able to so stimulate the growth OF
wheat and cotton in her numerous de-
Tendencies, principally India and Africa,
that she would shortly have no occasion
for either staple grown in the United
| States,
Our people may as we'll reslize, first
as last, that this country must at once
adopt genuine American policy. 1t is
big country to be swallowed up bodily,
but unless we can do so that will be our
fate. We should at once seek alliances
with Mexico and the silver producing
countries OF Central and South America,
and adopt the silver standard, if need
be. Let Europe take the gold and the
United States, Mexico and the other
silver producing countries OF the Ameri-
can continent, take the silver. The
pinch would goon begin to be felt in
England. In the struggle that would
ensue we should have the active sympa-
thy as to the outcome of France
and the other nations of the Latin
Union. AS such struggle would
bring the people of England, Ger
many and Austria-the three principal
gold bug nations, for Russia is only gold
bug from feeling of self-defense-into
a state OF poverty and destitution never
known in the world before, all we
should have to do would be to let them
take their gold and deal with their own
starving masses. AS they all need large
quantities of silver, England needing ii
most of all, the white metal would surely
but steadily begin to advance in price
A firm adherence to such q plan-ir
which the American continent should bs
pitted against the nations named-woulc
e'as certain to win as that night should
succeed the day. Wages in Europt
would 60 down to sum 30 pitiful that
it would be impossible to use gold il
paying the daily dole of the laborer.
Cong when it Assem- mbles. ought to
announce distinctively American pol
icy. 1t ought to pay no attention tc
New York, because that city in its fiscal
affairs is in no sense American. The
men who rule Wall street have not 6
acintilla OF American sentiment. They
are all Of the type OF the Shylock drawn
by Shakespeare, only they are far worse
When we say all, we mean all of the
type Of the late Jay Gould, Russell Sage
and the cormorants who wrecked the
railways and sported with the fortunes
Of the people of the United States. II
would be an auspicious day for the
United States when this whole tribe
should be transported to England fo
ever and aye, in the wake of William
Waldorf Astor.
Having announced their intention t.
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might be we'll to grant some concession
to the more moderate silver element
1t would be good thing to repeal the
Sherman bill and enact free coinag,
act. limiting its benefits for the presen
to silver mined in the United States
Meanw hile, negotiations might proceed
with the silver producing nations of tn
American continent for an American
fiscal confederation. That once secured
the plutocrsts of Europe might eat thei
gold If they desired to do 30. Asia, in
Guiding India and China, the mos
populous nations OF the earth, ar
indestructibly devoted to the whit
metal. With the populous people
of North, Central and South Americs
working out determinedly crusade TO
parity of both of the precious metals
which has existed since and before tht
time of Abraham, with France and th'
Latin nations friendly to our side of th'
contest, it would require something
more than an intrigue of the Lombar
street Shylocks of London and the Wal
street shylocks of New York to wrecl
the prosperity Of the world.
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