Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-10-27
A Settlement That VIII Settle.

The silveTites I'm Congress are repre-
scented as averring that the silver ques-
ton will not and cannot be settled now
but must be settled by the people at the
balIot-box, for the good and sufficient
reason that II cannot be settled In Con-
gress until the members know how their
constituents stand on the questions involV-
ed I'm what Is denominated 1.-THE silver prob
lem" The extreme silver mems utter
ances are characterised by sound and
fury" but whether they signify" any
thing or not is different matter. 1t is
natural that the silver men In Congress
should feel sore; for not only have they
lost the battle in which they fought so
flercey for many weeks. but they have
10 return TO their constituents with what
their constituents cannot bat consider
wofrll news. seeing that they firmly be-
lieve that the unconditional repeal of the
purchasing clause OF the Sherman silver
bill will ruin them In pecuniary sense.
When several months ago the mints OF
India were closed against the free coinage
of silver on private account, new ele-
ment was added to the silver problem.
The conditions OF that problem were en-
tirely changed. II the British government
shall persist In thus discrediting the white
metal. It will simply be impossible for any
legislation which the United States can
do TO restore parity between gold and
silver. We do not say maintain parity.
for that cannot be maintained which does
not exist. The only favorable solution OF
the silver problem which is now within
the power OF the financial world-wesmean
favorable TO silver-lies In the action of
another international bimetallic confer
ence. and even this will fail TO accomplish
the purpose for which II will have been
convened unless England shall enter that
conference in the interests OF the white
metal We have never doubted that Eng
land France and Germany could restore
silver TO it's proper place in the monetary
system of the world II they would de-
termine TO do so. But that 'if is always
In the way. England is creditor nation
and considers It TO her interest to bear
silver and "bulr' gold. AS long as
her government shall continue to regard
her interest IN the matter as antagonistic
TO the interest OF any and all other coun-
tries. It win not be possible for any un-
derstanding or compromise which may
be reached In the United States TO ac-
ment is so anxious to see accomplished
that is. the restoration OF the parity be-
tween gold and silver. This Is the object
which must necessarily be had In view
In effecting any settlement of the silver
problem. and any alleged settlement which
does not effect that object win fall TO
settle. There need not be any doubt on
this point; The elastic currency Of which
we hear 80 much talk cannot coexist
with appreciated gold or deprecated sill
yer.
MT Sherman insists upon II that our
government must authorize the raising OF
new law. or else the bill to repeal the
purchasing clause Of the sherman silver
law viii prove TO be a failure. Mr.. Sher-
man Is recognized as high authority In
tne financial world. but Mr.. voorhees,.
who has the bin In his charge. says that
u WI be passed without being amended.
mr.. sherman's proposition Is a PROPOSE
ton 10 use the credit OF the government
70 sustain the credit of the government.
IL lie proposition 10 keep our bonds az
par by increasing the number OF them.
and. keeping them at par. to render silver
As good as gold for the payment Of
aebss In this country. and TO cause IL 10
" safe to receive silver for customs
iuties ana internal taxes. The southern
e0nsressmen are said to be opposed 70
: settlement" OF this kind: nevertheless.
snss may be induced to support II. But
Austria or France were to propose thus
sustain her credit Mfr. Sherman would
sooAbiy consider the experiment DANGER
~ and impraeticable. 30 many compiler
upns has this silver question. Yee II
Ses'a take Philadelphia lawyer to ten
hew q would be possible Tor yrsncs. Der.
hAny and the United etstes-~ll <hrse--.
orlnenia their credit ~ throwing q Is,