Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-07-22

on Grover Cleveland and the public
patronage. and the other looking implor-
indy 20 the people, In 30 grotesque tnat
1 am somewhat astonished that II has
not attracted the attention OF Puck, the
cntcrprising humor.st A cartoon OF their
portraits while on the fence, II seems 10
me- would make an attractive picture.
Those noble Romans. John w. Dan'e'.
James +. Epes. and W. A. Jones. VINO
stood true TO silver In the supreme hou,
Of its crisis. are now receiving their rewa.u
In the plaudits. the admiration, ana 'he
love OF q grateful people. Tnere nave
been some recent conversions IN our party
10 the free coinage OF silver as sudden as
that of Saul of Tarsus. but j fear
not 30 sincere. Some Democrats In the
dough state who have recently entered
the Democratic ranks from the RepuDh-
can party are making the welkin ring
with new-found zeal on this great SUD
feet. IL Is a good sign. for AFTER all tne
true Democrats are going to accomplish
the free coinage OF silver.
The object OF this paper. Mr. Editor u
not only TO ailude to our recent great
accession OF strength. but to an.
swer and 10 answer forever, ana
Of the risk OF being chatse"
with tautology ] will say for all tune,
three classes OF persons: First. the weak
minded: second. the persons who allow
other people 10 do their thinking for them'
and third, the designing who know better
and use IL for a nefarious purpose. III
"a this They state that the interest we
will get from the free coinage OF silver
at the rate OF 1888 to will only add some
ten cents a year a head 10 the actua'
money; that Is. some $,0oO.Wo annuaiiy
and this amount Is so small that II VIII
be of no practical use.
Some OF my colleagues In the present
Virginia Legislature last winter. who al
most know II ALL" exploited vigorously
this idea to their great satisfaction and
recently at least two aspiring young gen
tlemen, not without a certain ability
whose heads are absolutely buzzlng with
congressional aspirations, asked me TINS
question. with the conscious air, Take
that. sir! See how / have foored
YOU on your pet idea of the free coinage
OF silver. felt like answering, You
are my meat" and ] was on the point
OF answering them, but 1T occurred 10
me that perhaps some OF these days
might tempt them to ask me such ques-
ton on the hustings in discussion. ana
II they did.
"Cassabisnca, the boy who stood on
the burning deck,
Whence all but him had fed"
would give but faint idea of the condi-
ton in which | would leave them after
| had finished my answer. My answer
is as follows: "The reconciliation OF
silver will act automatically. IL will the
moment 1t is accomplished make all Sill
yer bullion practically equivalent TO stand
ard silver dollars.
Every dollar of silver bullion out OF the
ground will be then worth 60 pence an
ounce, and every dollar of silver bullion
In the ground will be worth the same
amount. less the cost of mining. and while
not actual money. IL will be equivalent 10
It, because it will be actual capital, ana
secure and proper basis for banking
upon the faith of which safe banks. both
national and State, can be established,
and il will be the best kind Of bank-re-
serve. In order TO illustrate ii, let us sup
pose that "A" has one thousand ounces
of silver now; the practical question is.
what is il worth? The answer Is, only its
| bullion value as a commodity; If silver
is remonetized, and "a" can have this
bullion coined mt the mint free OF any
| charge. except the charge of carrying IL
| there. into legal-tender silver dollars. then
IL is worth par less the freight or ex-
press charges. IT seems to Inc That TINS
should be plain to the most common I'M
Outstanding. If silver Is remonetized. no
very great amount w,i probably bs
coined. as the actual silver bullion VIII
perform all of the legitimate functions OF
money, without coinage This is the rea-
son why no very considerable amount
was coined prior to the date of the Bland
bill
FRANCE AND AMERICA.