Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-05-13
Accommodation al a Discount.

"A We have heretofore stated, n cable
,,ran WAS sent TO the London lnterna-
tloual Bimetanic Conference few days
nqo by the leading fnanciers OF both inc
N.publican and the Democratic parties
in the United States Senate. In when
vahlogram the gentlemen composing mat
conference were assured that the work
,n which they were engaged met with the
unproval OF sound financiers on this sids
Of the Atlantic Ocean. The name or Johh
Eherman IS better known in England
than that of any other American states
man, and was of itself guarantee TO inc
conference that the blmetallists in TINS
country knew what they were about ana
would lend their aid to meritorious
schemes for providing the financial anu
commercial nations of the earth win Il
bimetalllc basis for whatever circulating
notes those nations might put out inc
cahlegram represented the best thought
Of this country"
We do not know that the Cincinnati
Commercial Gazette speaks for Mr..
Sherman or for any other OF our
leading statesmen. though we have
written on the subject as II
A. d.i. But we know that that gem
t,eman has always been "bimetallist'
An the sense In which our Cincinnati con-
temporary is n bimetallist, and in the
sense In which that word is used when
Il is employed to describe persons who
wish TO put bullion enough into a silver
nth MN oh
as q $40 grains Of gold. We never re-
gardcd this as n very promising sort OF
bme,allism. but 1t IS like that or which
Mr. Harrison declares no is In favor.
and IS. we take IL. just the same sort OF
bimetalsm which the last Republican
National Convention favored in its plat
form. We quote from the platform of that
convention enough TO show that Mr. Sher-
man. SIR Harrison, MIR. Reed and Mr.
Mckinley may all come out for what
they all consider bimetallism without
reading themselves out of the Republican
party. The platform says:
"The American people from tradition
and interest favor bimetallism. and the
Republican party demands the use or
both gold and silver as standard money,
with such restrictions and under such
provisions, TO be determined by iegisia-
ton. as viii secure the maintenance or
~. PANTY ~ value Of the two metal'.
We commend the wise and pa
trlouc steps already taken by our gov
eminent TO secure an international CON
fcr,nce TO adopt such measures az VIII
insure parity of value between gold ana
silver for use as money throughout the
world"
These "wlsr and patriotic steps were
taken by President Harrison. OF course.
who 10y the way, is pledged In the above
quoted plank 10 favor a universal cur
Iency and to make both gold and silver
money throughout the world. WIN the
Democrats allow the Republicans 10 steal
their thunder?
But what reasons does our Cincinnati
contemporary give for coming out just
now In favor OF bmetallsm? 1t says that
supreme seifshness' governs the action
of England. which is the great nation
that stands in the way OF an international
system OF bimetall,sm. England Is pre-
eminenty credit nation" and proposes
10 demand the last pound Of flesh" Eng
hsh creditors have tremendous invest
ments in the United States IN Mexico.
In South America. and elsewhere. OF all
of which they are endeavoring TO secure
the payment In gold. II these creditors
persist in this course International bank
rup,cy Will follow: for 10 large a proper.
tion OF the worlds annual product OF
gold is used in the arts that not enough
OF gold !s left TO perform the office as
money which the monometalists contend
can only be performed by gold. We quote
from the commercial-Gasette a remarka-
BILE utterance as coming from that source.
II says:
"Gold In itself Is Of no practical value
except m the arts" So as TO silver. I'm
point OF fact II II Of no value AZ compared
with iron." These read as II they were