Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-07-30
The Tribune Alarmed.

Mr. Sherman, as We have several urnes
stated, has come out boldly for inierna-
tionai free coinage OF silver. This mea-
sure IS the only one which promises TO
clear the way for a compromise on the
question Of b!metallism.
The New York Tribune Is evidently fear
mi lest the Democratic party should
rs party take up a new phase OF
the currency question. When that paper
sees the st. Paul Globe. the leading
Democratic organ northwest Of Chicago
coming out IN favor Of preserving the
unity Of the old Democratic party. at
all hazards. the Tribune at once pro-
cecds TO charge the Democratic party
not Only with favoring free silver. but
with being ready 10 support hill TO
abolish all the national banks in the land
Hence W. say that paper is desEous
of placing before the people new phase
Of the currency or money question.
our New York contemporary calls at
tention 10 the new Phase Of the cur
raucy question. which We have men
TONED. 1t declares that the admnisira-
ton IS not sincere and that its sound
money campaign, led by Secretaries car
Isle and IIoke Smith. is weakened 10
great extent by false preienc s. !"
charges that the scheme OF currency ~
form. uror0scl by Mr.. Carlisle Inst Decsih-
her. which was warmly approved 10y fresl-
dent Cleveland and the pHrtisans OF the al
ripirtratiou in Congress included pTopo-
sitions which were regarded as dangerous
in the extreme by nearly every man
who was qualified by lifelong study ana
experience 10 express an opinion on 'ne
subject. The Tribune thinks that this
scheme has not been abandoned.
What are the dangerous propositions
which the Tribune expects 20 employ a.
a means of creating discussions IN the
Democratic party We let that paper
state them for itself as il does In the
nara Graph we are about 10 quote. as fol-
lows.
cone II these propositions meant l-'
as,i9l. but sun. determination ~ Ha-
f,onsl-bank rotes by crowding them out
~ the channels II general everyday
circulation among the people. An0'N.r
eelt,~. Il tie scheme. Il adopted. No@id
ha,. DERIVED nine teuths Of the people
80 "a. rY,!ie~e u handling leral-tender
-,,.,s ~ retiring all such notes or de-
usr.-atlcrs lower tnan ten dollars.
-Tf ..- administration currency re-
,r-,' scheme had been adopted these
.,,-,s ,5-,.ac--s would have followed. First,
-r- o.Cr.ry would have been Hooded
,h emissions of State-bank notes,
which would not have been current
a. rqr q hundred miles from the place
.. .ssus or redemption. and large pro-
--rtf5r q which would have been Wild
',s,' notes. worthless anywhere and every
yrere: second. within short time
-r.rs would have been no legal-tender
notes I'm circulation OF lower denomina-
tio- than ten dollars: third, all notes
- smaller denominations than ten
dollars would have consisted OF
silver certificates and State-hank
notes: and fourth. national-banK
notes would have been driven from cir
c.lation. first. because they would have
been subject 10 taxation. while no tax
waild have been imposed upon wildcat
AID other State-bank notes; and second
because no national-bank note Of lower
denomination than ten dollars could have
been issued"
Is It not clear that the Tribune wishes
20 raise new issues between the two
great national parties? What else can
BE- fe object in thus ignoring the silver
question. and bringing 10 the front the
questions which st mentions in the above
quoted paragraph?