Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1894-05-10

trolled by the moueyed powers Of
Great Britain, Germany and the
other creditor countries, is to be con
vened and the United States will
hang crnglng upon its outskirts until
it will indicate to it the ratio upon
which blmetallism may be resumed
here and in Great Britain.
John Sherman is the leader of in.
ternational blmetallsm in the United
States He is in the confidence of the
goldbugs of Europe. He strikes the
hour and the gold STANDARD cuckoos
in the United States come out and
pipe their notes Of assent,
What a delightful lot of American
international bimetallists" united in
the cHhlegram to the London Inter
national bimettalists" the other day!
Sherman at their head, aud then Man.
derson, Hoar, Lodge, Hawley, Murphy
Voorhees, and Hill! And in what
Cherubic words did Sherman their
leader, state his position on bimetall-
ism! MY opinion is" he SAID, shat
it is better to recognize at once as a
fact that is apparent that on account
of the vast increase Of the production
of silver, the ratio should be based
based upon the present market value
Of silver and gold"
And hear him again in the same in
terview. He tells the country what
the precise ratio should bel of gold
to 81 of silver; for this, he says, is the
relative price of the metals IN the
markets of the world. But he is more
reassurng. Hs volunteers the re-.
freshing news that ''there Is no dlvi-
sion of sentiment among conservative
people as TO the necessity of regainng
silver as one of the moneys of the
country" But at what a ruinous and
irremediable sacrifice!
He and other international bimetall-
lists would convert the American sill.
yer dollar into 30 cent SIEGE. The
dollar would grow into the size of a
Columbian medal. They would fix
the'market price of silver for all time
at 65 cents per ounce. Wheat could
rise on the Chicago market but
little above 65 cents per bushel. The
normal market price of farm lands
would fall so per cent below what
they commanded a few years ago, and
there they will remain unless excep-
tional conditions arose to advance
them. 1t is unnecessary to follow
ont the calamities such settlement
permanently entail upon this and
every other of the civilized countries
Of the world. We are living in the
the midst of some of them now-but
the half, in such an event, cannot now
be foretold.
England connot be budged from its
gold basis except for bimetallism at
the ratio John Sherman says must be
accepted. This, every international
bimetallist" knows as we'll as Jonn
Sherman does, and it is for this-some
of them perhaps innocentlY-they are
working.
American bimetalsts should shun
international bimetalist as they would
pest house. Let the goldbLgs work
out international bimetallism as they
will; there is nothing for true BIZ
metallists to do but demand and Sc
cure free coinage for both gold and
silver at the ratio of 16 to as an Am
erican measure, the out growth Of
American policy, ,and in stern def
ance of money sharks the world oyer
Bimetallsm IS growing. A settle
ment by international agreement now
would be stupendous calamity.
Fight on for the old ratio. and vic
tory here aud the world over will ul-
timately crown the effort.-NeUs.
--ap-s --sp------