Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-03-15
s.,atsr xsdes - silvss.

80D0e0e A008o - a9AvO8e
Senator Lodge Of Massachusetts, VA
one of the signers Of the circular lately
issned in New England by q committee
for the promotion of bimetallism. In tbs
senate ON Thursday he spoke with nc
little force In behalf of the principles pro
claimed BY the committee of which he i
. member. That the world il suffering
keenly from the demonstration OF silver.
and that the supply Of gold does not Offer
q sufficient basis for the business Of
civilized nations, are, as Mr.. Lodge
affirmed, facts of high Importance. De.
spite declarations to the contrary, the in.
terest Of other gold-using nations in the
restoration of bimetallism ia quite as
great as our interest. Thrice have we in.
vited them to International conferences tc
consider the subject, and thrice they have
declined to cooperate with us upon q
plan that would have attained the desired
object.
Under such circumstances, Mr.. Lodge
believes that the next movement in the
direction of bimetallism should be made
in Europe, and the indications are that
the sufferings of the agricultural and
COLluleICIdA CldSSCS IA A>hS AoAA o1u >uPSA
the continent are becoming SO intense
that public sentiment for silver will soon
be too strong for the gold monopolists, SC
long able to thwart the advocates OF the
use of the two metals.
The birletallists have gained much in
Germany, where government commits
sion is examining the subject, and they
are making swift Roadway in Great Brit
ain. The injury inflicted upon British
agriculture, upon trade with India, upon
commercial operations with eastern cOun-
tries, and upon India itself, is giving
fresh strength to the cause of silver, and
there is little reason for dou biting that il
the Conservatives should come into power
the British government would accept. il
it did not prefer, an invitation to another
conference in behalf of reconciliation.
II England should enter such a con-
ference in a spirit friendly to silver, it is
almost certain that Germany would mani
fest q similar spirit. and in that event
universal bimetallism would be in plain
view. Mr.. Lodge, and, indeed, all the
New Englanders who stand with him,
consider it wiser that the American
government shall take no action until
Europe shall be thus forced to move.
Much is to be said for that view. We
suffer not little from gold monometal-
lism, but probably we can gain more in
the end by patiently waiting than by in
spring in European minds hope that we
will act alone, with the result that Euro
pean action will be deferred until the re-
suits of our policy shall be developed.
1t is hopeful indication for the cause
of bimetallism that senator from Massa-
chusetts should be willing to make this
strong deliverance in its behalf. The as
sertion may be ventured that the utter
ances of the New England bimetallic
committee and the bold though cautious
declarations of Senator Lodge will do
more to recommend the silver cause to
the judicious people of this part of the
country than many speeches which mani
fest what may be called a spirit of reck-
lessness in urging the necessity Of re.
monetization.-[New York Press. U