Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-01-09
TUESDAY JANUARY Q, 1894.
Silver and the Republicans

On Thursday OF this week the Execu-
tive Committee Of the Republican Ma
;ional Committee viii meet in Washing
ton city. mischief is afoot" when either
OF these committees assemblies to devise
the ways and means Of carrying the next
congressional elections. when are now not
eleven months or. And 50 IL may be
safely assumed that there will be some
interesting caucuses OF the Republican
leaders held this week.
= For one thing the Executive Committee
may be counted upon to uphold Bou-
aelle. Burrows. Reed. and the rest Of the
Republican maIcnants in the House OF
Representatives. in the work Of delaying
the passage Of the Wilson bill until II Will
bc too late for the Democrats even to try
20 conduct successfully this year a new
campaign OF education on the tariff ques-
ton. The people will not be ready to
pass intelligently upon the various issues
Involved in what Is called tariff reform
Eut the tariff question Is not the only
one which VIII come up this week in
washington for consideration by the FIX
tionaI Committee Hon Thomas II. Car
ter, chairman. who IT, we think. now IN
Washington. was interviewed last week
in Chicago and made the following sig
nincant statement We quote.
"In regard 10 the silver question ] be
.lieve II Is true that the vast majority OF
the citizens Of the United States without
reference to localities, are opposed 20
gold recommendation, and in favor OF the
use OF both gold ana silver az the ndS'S
OF our monetary system. The kepuui'S"'
marty favors the two metals, ana III ny
judgment, II Is the only political orgahizd-
ton capable of dealing with that ihlpoI-
tant question IN logical way III us
country ,.,a
manufacturers and businessmen In FAVOR
~ tha coinage Of the American product
~ silver and shutting out all foreign Sill
yer by prohibiting seigniorage ana ulNiulhs
the profits on the coinage OF the Amer,
lean product between the producers anu
the government would prove Oehthclai
and satisfactory both Ean, anu west
The Republican party can iosIcaliy q
fond 10 silver the principle OF prote.t'uh'
I'M the Democratic party cannot logically
deal with the subject IN this manner me
coinage OF all the product of the Amerl-
cap silver-mines would not increase our
currency more than 3 per cent. per an
num-
This is one OF the stfangost PROPOSE
,,ons which have yet been made touching
the silver question Chairman Carter re-
d,ces the question IF protecting American
industries 10 the point of ab3Irdity when
he seriously proposes 10 protect silver
hv levying cusroms-duties upon all The
silver brought into this country.
So also Chairman Carriers endorsement
~ tho Philadelphia proposition as to the
,,of,,s from the coinage of 'seigniorage
has no merit in itself but 1t shows mat
there Ia life in the silver question yet.
But Chairman Carter Is right when he
saws that a majority of the people OF
this country are opposed TO gold mono
metallism. Though we have not been able
to understand how silver could rally from
tbe blow which ii received when the
Ynints of India were closed to the free
coinage OF silver on private account we
have never had a doubt that every COM
mercial nation In the world must have
both gold and silver money. 1t Is an una
voidabie inference that IL silver has too
much bulk 10 be used In large coins
and gold toe little bulk TO be used In small
coins. both metals must continue TO De
coined by all those nations. including OF
course the United States. But Mr.. Carter
has not succeeded In devising an accepta-
bic manner OF securing the result ne
would like 10 have brought about