The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-25
A SLOGAN FOR SOUND MONEY.
OLD VIRGINIA FIRES A GUN TO
KNOCK OUT SILVER 10 To 4.

Gold standard Countries Furnish 81
Per Cent. of the worlds Internn-
tiOnaI COmmerce-AbOut "a Per
Cent. of the Export Business of the
United states and so Per Cent. of
Our Import Trade Done With Gold
Standard COuntries-HOt shot for
the Free SiIverttes-A Sound Money
Dollar.
Richmond, Va, Aug. A.-In an open let
Ger, to be published by the Dispatch to-
morrow, Gov. OFerrall sets forth his po-
Eition upon the silver question. He says
the letter has been evoked by requests for
his views on the subject since the publica-
tion of the recent brief interview in the
Dispatch which several papers have criti-
cised as lodging" or ''straddling' the
question.
Il am opposed says the governor, ito
the free coinage of silver in the United
States except through international agree
ment with the great commercial countries
of the world. do not believe this coun-
try alone can maintain a parity between
gold and silver at any fixed ratios
We are strong in resources and in all
the elements that go to make a nation
powerful, but we are not strong enough
TO live within ourselves, trade only with
ourselves, raise and manufacture all we
need, consume and use all we produce and
make, i'm port nothing, export nothing. and
have no commercial relations with other
countries.
1t may be surprising to some to know
IT, yet it is an incontroverble fact that
gold standard countries furnish S71a per
cent of the International commerce of the
world, and that about "a per cent of the
exports of the United States are to coun-
tries having a gold standard, and about
% per. cent. of our imports are from
countries having the same standard.
Shall we cut loose in our monetary
system from these coun tries of such com
mercial power, and with which we have
such close, important, and extensive re-
lduons, to which we sell nearly all the
surplus products of our farms and facto-
res and of which we buy nearly all we
want, and attach ourselves to the small
ana weak nationalities to which we sell
scarcely anything and from which our pur-
enases are absolutely insignificant.
Free coinage advocates, however, in
SYST that our exports and imports are so
small that We can afford for the sake OF
lee coinage to build a wall around our
selves and have no commercial dealings
"lth other countries"
Alter discussing the free coinage ques-
uon ~ length, setting forth his views as
70 It's effect upon the country and giving
statistics in support of his contentious, the
governor conciudes
For the reason given am opposed TO
inc doctrine Of free and unlimited silver
O. mage without international agreement
WIN me principal countries of the world.
We cannot adopt a monetary system DIFF
rent from these great naticnaties and
force them to recognize Il. We cannot
noa' so cent silver dollar as a sound dol
laI 10 this country, much less IN the
markets OF Germany. France. Austria. or
L.nHland, with whom our interests are
closely Identified
am for a sound dollar. and what I
mean by sound dollar Is Que that will
fA,H iorslN4 cents and be- as sood as any
''Asf dollar anywhere within the limits