The herald., 1894-08-22
A PLEASING AND INSPIRITiNe IN
CIDENT.

'Aae Oou hoSoe III MyHtoIlOuh Whys
his wonders to perform" The HERALD
has always held that the demone tization
OF silver was the greatest crime ever re-
corded since the world began. 1t has
worked more misery than the wars OF
Alsric or Attila, or the skull.sky- y-scraping
monuments OF Genghis Khan. The de-
monetization of silver has wrought more
subtle forms of slavery than character.
lied the whole scheme of the feudal
ages. Beginning in 1873, with the
treacherous demonetization OF silver in
the United States, supplementing its de.
monetization by Germany. following the
Franco-Prussian war, as an incident OF
which the latter got her five milliards
indemnity in gold-the masses have
steadily tended to poverty everywhere.
The producer in all countries has been
obliged to take any thing that was offered
to him for anything he WAS obliged to
sell. And 30 the memorable process has
gone on, with the perennially and inex-
orably recurring wreck of the for
tunes of any one who has been obliged
to pay his debts. Incurred in q medium
compounded OF gold, silver and paper,
he has been compelled to meet his obli-
cations in the yellow metal, purposely
made dear and scarce that the creditor
classes might be enabled to enact the
role of highwaymen without either ply
steal danger or the risk of the peniten.
tiary.
But, of late, like o thunderbolt shot
out OF clear sky. silver is being rapidly
advanced, with no thanks to any 30
called statesman of any Caucasian race.
The war between China and japan has
OF itself created demand for silver
which threatens to again adjust the
value of the white metal, or, at least, to
send it up the scals towards a parity
with gold. Only the most Machiavellian
tactics could possibly have sent silver
on the down grade. With an honest
administration of the Sherman act OF
1890 silver would have again struck its
traditional parity with gold-a parity
that has lasted since Abraham bought
the field of Macpelsh, thousands of
years ago, for seven talents OF silver.
The most elaborate chicsnery, In which
the whole world Was party, was needed
to prevent silver resuming its old atti-
tuds after the passage OF the Sherman
bill. The price of the white metal
steadily mounted until it regained the
old-time figure Of $1.19 an ounce. If
Sherman himself had been really friend.
ly to his own measure, silver would have
shortly struck $1.29 an ounce, and gold
and silver would again have been on
that bene6cent parity that has chsrac-
terized them for so many thousands of
years.
The slaughter Of hundreds Of thou.
sands of the teeming millions Of the
east could be accepted very resignedly
if, thereby. the four billions of the
white metal, go recently demonetizsd,
should be rehRbilitated as part of the
currency of the world. The most intel
| ligent Caucasian opinion in financial
lines is rapidly forming in unison with
/ the stable oriental preference for silver.
1t is the money OF the poor people. and
it is popular over the whole earth, with
the exception of few multi-million-
aires, whose greed is insatiate. The ag-
itation, now world wide, for its restora.
ton as one Of the twin money metals OF
all ages and nations. is bound to become
irresistible. 1t is pleasant to know that
the fortuitous has entered into the con.
test, and that even the stars will fight
for the twin money metal of the consti.
tuition. And this is precisely the pleas-
ATTEST thing connected with the Chino
Japanese war.