Arizona silver belt., 1894-05-12
TIE GROWTH or aImsrSLL,sm.


 lion of silver as medium of interna- tional exclange, as manifested by the bifhetallio convention which met in London last week, comprising more than 400 delegates from fieailS every county in Europe, and one or two from the United States We believe, has given rise to hope that it may re- suit at least in call for another inter national conference of accredited repre- sentati7es from the leading civilized powers, with the prospect of reaching definate understanding favorable tc the increased use of silver. The as ssmbhng of so large body of repre-. sentative men as composed the London convention is proof that bimetalism is live issue in England and through ont Europe It signifies an awakening to the insufficiency of gold as medium of commerce, and the evil consequences which have followed the adoption of monometallism, now apparent in the general prostration of business through out christendom.
 However, the present agitation can not be accepted as denoting any con- templated change of financial policy by the leading European governments. It Is rather the protest of the people against a system which has caused dis aster to many industries and distress among the masses; but there is no as. surance that the wrong will De righted. "Yox popui, vox Dei" does not obtain to any notieible degree in Europe, Leglslatiori there is shapedi in the inter, est of the titled aristocracy and the wealthy class, and obviously those countries which are on a gold basis will with difficulty be persuaded to oreturnt tc bimetaiiism. Without the concurrence of England and Germany international bimetallism is an impossibility and the attitude of those governments on the question, apparently, Eas not changed The policy of England under Roseberry IS the same as it was when Gladstone was premier. In debate in the House of Commons, '93, on the continuation of the Brussels conference looking towards universal bimstallism, Glad stone said "Why continue the confer ence? What necessity is tllere fol England to send any more commission CTS? We do not intend to go to any thing else than the gold standard. w are the creditor people of the world and We want money to have the high est purchasing capacity, the larges quantity of which can be put in th, smallest bulk. We do not propose t negotiate" To be sure, 8 change O administration liable to occur at an, time in England, which might cause reversal of financial policy, and vii lingness to renew negotiations looking to international bimetallism, but tha is a remote eonsinseney.
 One of the astonishing things in con nectoh with this fresh discussion O international bimetallisrn is the coo effrontery of the Cleveland administra lion and the supporters of it's finan eial policy, Democrats and RepubE cans, ii claiming credit for the favor able outlook for bimetallism Tke ef forts being made in Europe, and Do tably in England, "are viewed by tn administration. it is alleged, "witl She greatest satisfaction, and it is re garded as a strong confirmation of th correctness of the principle to whic President Cleveland has adhere through thick and shin, and sometime at the risk of his own popularity wit his party'-whioh implies that the re peal of the Sherman silver purchas Jaw, the veto of tho seigniorage bill Ehe issue of S5O,O0O, 900 gold bonds and employing the power and patron age of the administration to eomplet she degredation of silver in the Unite States, was all in the line of a ike policy. And the excuse for this polio of destruction is that our credit abrUa would be maintained, and that Englan and Europe would be brought to
 realization of the dangers and hardship of contracted currency.
 What have been the results of tn policy in the United States? A contra, tion of the currency, general prostrl ton of business, mines. mills and fa' tories closed, thousands of willin workers depriv ed of employment, fh mers robbed of the fruits of their h Dor, dsmoraliz ation everywhere.
 Iithere is any compensating benefi to be expected from this suicidal cours they are not yet tangible, and th prospect of their realization are yer dim indeed.
 That bimetallism will prevail in Il end, we verify believe. but the presei administration will have TO share She credit of its restoration.
 The issue has been kept alive in u West and South, and persistently ar sbly advocated Tn the public press ar