The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-05-09
BIMETALLIsM Is COMING.

6lhEIALLISM Is COMING.
Well! well! Here comes old mono
metallism himself. in the person of the
esteemed News, and says: There are
indications that the cause of bimetal-
ism. in a general way. is winning
ground, both in Great Britain and on
the continent of Europe. among econom-
lists and publicists" We should say it
was, and it is not coming as a pleader
1t is storTning the strongholds of finan-
cial error both in England and in
America. President Andrews has just
fired a broadside into the monometal-
lists Of Chicago. and there never were
narrower and more bigoted monometal-
lists than the gold-bug press of that
city. and the heads of the department OF
political economy in the University of
Chicago. The only thing worth quoting.
in the answers offered to him, by the
Chicago Tribune. is this statement of
Banker Keith:
There is not a single commodity that
can think Of where the decline has not
been the result Of a cheapening in the
cost of production and distribution or
some advantage OF science over natures
forces.
Apparently. Mr.. Keith is not strong
thinker, but even if what he can think
of were true. did it ever occur to him
or to any other monometallist that in
the past twenty years the cost of pro-
ducing gold has cheapened more than
any article he can name, except a few
manufactures made by newly invented
machinery?
In England, as appears from the tele-
graphic dispatches, the bimetallists are
storming London, which is the last
great English stronghold of monometal-
lism, and we would call the attention of
our free silver friends to this significant
statement in the dispatches:
Mr. Balfour claimed that the action of
the United States had forced the Indian
and British governments into the system
now prevailing, adding: we ought 10
enter into an agreement with the coun-
tries of the world for a bimetallic joint
standard. The solutions of the problem
is easier now than it will be five years
hence. Great is the responsibility Of
tnOSe VINO keep England IN stupid, sell
fish isolation in this great question:"
What action? The repeal of the Sher-
man law and the firm stand of Mr..
Cleveland against free coinage by this
country alone. How could that affect
England? Simply enough. We have
used Mr.. Ehrich's illustration before.
but it is so good that it will bear fire.
quent repetition:
There are ten mines on a hillside All
can work and take out ore. but all are
greatly troubled by water 1t interferes
with making their output as large as it
ought to be. One of these mines is at
gallon that the owner or that mine
pumps out tends, just in that proper
ton, to drain the other nine mines He
cannot afford to pump out the water for
all He wants the other mine-owners
to join in that expense. What is his
policy? Is il to say, II shall keep right
on pumping until you others join with
me-" VIII that force the others to join?
Is il not rather to say firmly: Not
another drop will / pump out until YOU
cooperate with me both in the labor
and the expense"
That is the situation. Free coinage
men are insisting that we shall do all
the pumping. Mr.. Cleveland has noti-
fed Europe that we do no pumping dur
ing his term. and the water is rising
rapidly in European shafts. They are
obliged to pump. They are in worse
financial condition than we are Our
action forced England's Indian expert
ment. and that experiment is demonstra-
ted a failure. The situation in Europe
is becoming desperate. and as soon as
Europe is brought to it's senses the ques~
clans see the end coming and hasten to
fall in line. Gen. Harrison dwelt on his
devotion TO international bimetallism in
his recent speech here. and Tom Reed.
while he condemns Harrison's plan for
fastening the event. said in his speech
at Pittsburg last week:
What course the republican party will
pursue to obtain internationa bimetal-
lism, which we must have, L car not
venture 10 predict, but I am confident
that the wisdom which has guided that
party safely and securely through even
greater financial questions than that will,
when we have the power and response
bility. be found to be still with US for
the great glory and advancement Of this
country.
We advise our free coinage friends to
join in or they will still be calling for
free coinage by this country alone when
there is free coinage throughout the
world.
RETRIBUTION.