The great West. [volume] (St. Paul, Minn.) 1889-18??, 1893-10-06
PEOPLES PARTY COLUMN.
DEVOTED TO THPE DISSEMINATION
or REFORM DOCTRINE.
Symptoms Of Returning Sanity ON
the Silver Question-On1y Room for
Two Parties in This Countrywide
Rising Tide OF Reform.

Welt. we'll! here is that red hot gold
standard Republican sheet the newsy
New York Press, following the New
York Recorder into the bimetallist
camp. It's flop is not quite so dramat
ically complete as the Records, but it
gets there just the same. In the issue
Of Sept. 16 it prints at the head Of the
editorial page Senator Mitchell's great
declaration for bimetallism in his Sept.
II speech, and in a long editorial, after
proving that the demonstration of sill
yer was a great wrong to all the debt
ors OF the country, closes as follows:
But the man who contends that it
would be immoral to remonetize silver
for that reason THAT it would lessen
debts must confess that it was equally
immoral to demonetize it in 1873. The
truth is that every creditor is benefited
by that which increases the general
prosperity of debtors. The man in
New York who holds Kansas mort
cages cannot, in the long run, profit by
system that urges his debtors toward
bankruptcy. What the wealth pro-
ducers of all lands require is that there
should be such stability Of values as
will permit no change for or against
the creditor or debtor, and that sta
bility can be had only by resort to BIZ
metalliSm.
We welcome the Press into the camp
| OF common sense. while the lamp
holds out to burn, etc.
1t appears that Robert Giffen, the
celebrated British statesman, who has
hitherto been the mainstay of the gold
monO-metallists, has practically given
away the whole snap by admitting in
his recent book that the silver men are
| right in their main contentious, namely.
a. that there is not enough gold to do
the worlds business on 2) that gold
has appreciated during the past twenty
years since silvers demonstration. to
the great wrOnging of debtors 81 that
| this appreciation has been due to sill
yer decentralization a. that it is not
good for the world that the unit of
value should appreciate 90 that it is
not necessary to trade that nations
should have the same unit of value
With these points conceded there is
simply nothing left of the case for
gold.
| The Springfield Republican. another
stiff gold sheet, has been reading Prof
| Spahrs review of Citizens book in the
current Political Science Quarterly
and having rather more conscience (al-
| though too frequently mislaidD than
most capitalistic sheets, is under con-
viction for the stories it has been tell
Ing its readers. In an editorial of Sept
10 appears this:
! What a great many people OF both
the gold and silvelgold parties are
failing to see in considering the forces
back of this general rejection of silver
is the natural progress of the civilized
world away from the necessity of en-
ploying to any such extent as hereto
fore costly and useful metals as meas
lures of value
! 1hls seems to sQuint very perceptibly
| toward the policy Of demonitizine both
nets is. T]Iat is better CIV n than BIZ
metalism.
! On the whole. we think it plain that
the country is undergoing a decided re-
actor, from the anti-silver fever which
IS Certainly one of the most acute at
tacks of "dampl.oolism' it ever suf-
fercd from.--The New Nation.