The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1894-05-19
Cleveland Will be Vindicated.
IN. O. Daily 6tates,l

The growth in Europe of the
sentiment in favor of bimetallism
and the restoration of silver to its
place as q money metal is being
watched by the administration at
Washington with intense satisfac-
ton, as the ablest statesmen and
financiers of England are declar-
ing their allegiance to the cause of
bimetallic coinage, and there is
every indication that in the near
future the silver question, which
has SO disturbed American politics
and divided the two great parties,
will be satisfactorily and perma-
nently settled by an international
agreement.
Commenting on the close inter-
est which President Cleveland and
his cabinet are giving the proceed
ings of the international conference
at London, the Chicago Herald
says:
The agitation in Europe, and notably
in England. in favor of the rehabilitation
OF silver as money metal is being OBJ
served with tho greatest satisfaction by
the administration, for it is regarded as
strong confirmation of the correctness of
the principle to which President Cleve-
land has so staadfastly adhered through
thick and thin, and sometimes at the risk
of his own popularity with his party.
The President has contended that true
and stable equality of gold and silver
could be brought about and maintained
only by agreement between the great
financial nations of the world. With
this conviction he has been obliged to
oppose all attempts at individ-
uai action by the United States, and |
when the extreme silver men have de- |
clared that there was and could be no |
hope OF concentrating the desired inter- |
national agreement the President has re- |
piled that firm and steadfast adherence |
TO the line OF policy initiated by the re- |
peal of the silver purchase sections of the |
Sherman act must inevitably bring about |
The desired result.
One OF the purposes in view then was !
10 relieve the United States from the loss /
and danger to which il was subjected by
the efforts to maintain, unaided by any
ot the great financial powers, the integri-
y as a money metal of q vast silver circu-
alton. Europe had prospefed under the
Did condition and was we'll satisfied to al |
low the United States to bear the burden.
The Presidents theory was that, by sus-
pending further efforts in that direction,
he United States would cause the Euro
oean nations to feel the need Of larger
circulating medium and to share, at least,
With us the hardships Of monetary strin-
yency. Therefore the movements now in
n England, Germany. and France are re-
yarded by the administration people as
violence of the successful working of the
residents policy.
We firmly believe that the day
8 near at hand when the financial
,olicy of President Cleveland will
'e fully justified by results, and
hat the American people, and es-
'ecially those who have taken issue
nth him, will applaud the wisdom
nd the courage he displayed I'M
er q pressure which very few men
n his place would have had the
ackbone to resist.
Mr.. Cleveland has never been
limical to silver as his enemies in
nd out of his party have charged,
ut on the contrary, after giving
,e matter close study, he realized
nat the United State alone could
OF maintain the free and unlimit-
! coinage of silver without bring
'g financial disaster on the coun-
y and that it could be maintained
My by an agreement as to the ratio
etween all the great commercial
atoms of the world, and the States :
an admirer and supporter of
resident Cleveland, is glad to see
at the vindication of his policy,
iumphant and complete, will not
uch longer be delayed.