Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-05-28
THE S0UNDER MONEY.
Judge Robert ". Hughes On the Rinan-
Cial Problem.
THE RATIO OF PARITY.
Why Hold The International Con-
ference?
THE LAW OF NATURE.
Ensiand's Domination at washing
ton-No threatening ovcr-Produc-
lion of silver--Not Plenty That
Makes Trouble.
NATURE.

lhtef 10 LnGlanQ Tor several years during
General Grants Administration. lie was
citizon OF New York He naturally gave
much attention 60 financial subjects du-
ring his residence tn London. lie was al
ways an Varnest bimetallist lie
was an able writer on the sub
sect ard thoroughly oonversant with t.
some time before the stealthy demoneii-
zation Of silver In the United States by
the legislation OF 1873 he had become
aware Of the formation OF their gold trust
by the principal bankers Of Europe, the
chief object Of which was to bring about
81 the United states the enactment of
Is72. as they had done the action Of Ger
many IN 1871.
Not long ago in an article In the North
American Review, Mr. Plerrcpont said:
There are no silver mines OF importance
in the British empire, but gold mines OF
vast production. To keep up the price
OF this metal by artificial means England
formed d trust long before the oil OF SUI
gar trust was formed in America She
save free coinage 10 gold. and not 10 sit
yer. and passed an act OF Parliament
compelling the Bank Of England 20 pur-
chase all the gold offered at 3 pounds
~ shiIllngs and pence per ounce stand
ard etc, etc.
The amount Of coined gold money In
use among the civilized nations being
supposed 10 be something less than $500
millions OF dollars the object Of the Gold
Trust was 10 obtain control Of this money.
u Is said that the Rothschlds alone now
control 1900 millions OF II. Six seventies
AZ The whole Is supposed 10 be in control
a the trust They sought control OF mon
~ In order % control prices. With all
their wealth the Cold Trust knew they
would be unable TO control the gold OF
civilized nations n there were greater
amount OF legal-tender silver money cir
Culati0n In the hands OF the people.
The demonetzauon> Of silver was there
fore an essential part OF their scheme.
They early set to work 10 effect this OBJ
5ect. They succeeded in Germany. They
lad a still easier success in our Congress,
by means Of secrecy and treachery.
GOLD TRUST VS.. AMERICAN PEOPLE
This grand coup was accomplished in
ISIS by stealth for it IS the right of the
American people 10 pass at the polls upon
every great measure OF government Yet
"a policy Of finance more subversye Of
popular liberty and more destructive OF
domestic prosperity than any ever before
conceived by the human mind was Sc
,retly established in our republic In 1873,
without the sanction. even without the
knowledge, Of the people. Stolen meas
ures are not often honest m assures. Gold
Inonometalllsm in this country 's the
goods Of a theft But all great frauds
recoll upon their perpetrators The Ameri-
can people are about 70 assert their right
90 pass upon this policy. They are going
o. exercise this high prerogative ana say
LET IL stand" or. Let II fail" The cam
palgn Of education Is begun. and the au-
lhors OF the policy forced out OF their
tactics OF stealth and secrecy, must az
last meet their adyersaries face 10 face.
toe TO toe.
wish. at the beginning Of the cam
palgn. 10 say something about the ratio
~ parity between the two money metals
something about the proposed call OF an
international conference for setting TINS
fati0. and something on the interesting
question whether gold or silver Is the
steadler. the sounder. the more honest OF
the two monies.
WHETHER NATURE OR BANhEts
CONTROL.
with many students Of finance the
pans asslnorum IN the way OF a return
10 the constitutional policy or bimetal-
Ism is the supposed necessity OF Sc
,,,eut a conventional ratio OF parity be-
tween gold and silver. The mistake OF
such students is in assuming that this
,,uch desired rattle is a thing OF artln-
cia1 ascertainment and contrivance, 10 be
automatically worked out by ingenious
minds. and Dramatically decreed by some
canbs drim of miscegenated Swans, Sc
mftcally dominated. and convened from
Europe and America for the purpose.
on the contrary, the ratio Is selt-estaD-
lshed fact resulting by evolution auto
radically. from the natural CONDITIONS
Affecting the two metals Oh the WORTH
over.
am not much given 10 superstition,
lut l believe that a wise and benehcent
creator designed this earth for human
habitaton. and provided here all things
which could be useful and necessary 10
the wellb,lng and happiness Of the hui
man race which He placed upon II.
Among His many gifts were two very
remarkable ones. First, He gave US
language and letters with which Dy
speech and writing we may express our
thoughts TO each other In manner ne
cessary 20 high civilization, and un-
known and impossible 10 the dumb beasts
which He made subject to our uses. The
other OF these gifts was money, by means
~ which We might carry on the work,
traffic. and business OF society with per-
g..t facility. convenience. accuracy, ana
confidence From the earliest history.
through an the periods OF time down 10
our own day gold and silver have been
r.. universal money Of mankind Local
experiment. has occasionally been made
with other substances but in every IN
stance il has ended in speedy and dis
gushing failure The only money when
fftsa ~
money of nature and natures God. cur
Yent AM over the earth. has been gold
and silver This great fact this anna
zlug miracle. the contemplation OF which
DIS every thoughtful soul with gratitude
10 the Glyer OF all good and perfect
sits. 10 So familiar and universal as 10
have become commonplace; 50 that IN
cur enlightened age there are men who es-
say % improve upon the Work OF Al
mighty God and think they can tinker
successfully with the subject OF money
by interfering with the materials when
have constituted II from time immemo-
Iial IL / may use the privilege OF MT.
Cleveland and indulge In mere dogma
tlsm. ! VIII say that as surely as there
are settled laws OF nature. as surely as
this gin OF money 20 mankind comes
from a higher than human source, this
tnker.ug viii come 20 grief The ratio
o. metals Is one OF the facts OF money,
fixed by a higher power than mans.
iAci by a friend Of the human race.
fixed By the ordination OF one more
honest than any petty king Of the Lon
dcH Gold Trust.
Sir Roderick Murchlson, one Of the
Ia0st learned and highly respected finan-
Cal writer's OF modern times. states the
principle Of ratio IN these words: '"rhe
Quantities Of gold and silver proeurabie
WIN prove no more than sufficient TO
meet the exigeDcies OF an enormously in
creased population. ard an augmenting
commerce aud industry. Providence
teens 20 have originally adjusted the re-
auye values OF the precious metals. ana
the fact that their relations have remain
90 the same Tor eyes viii survive all
Ae0neH"
AUTOMATICALLY WORKED OUT by
NATURE.
Let US examine what lesson Is taught
by The facts Of the subject will hrst
premise. and then prove. that the ex-
sung ratios have been determined au-
tomatcaily, ana not by contrivance.
iney are Is TO In America. where near
ly AN silver is produced and wneTe II
s. cheapest, Is 10 20 IN Europe whore
s. becomes a little dearer by transporta-
t9n and much Of II coined and reooined
az expense and 10 10 I IN Asia and tbs