Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-19
Bim~tmitism Grows iW Popularity.

FOR long time we have 'contended that
an international bImctalIic conference
would, II resorted 20, put an end 10 OUT
financial. or nj any rate our silver. trou-
blcs our contention IL that II Eng
land. France. Germany. Austria. and the
United States of Amnrica will agree upon
a coinage ratio and take the proper steps
TO have that ratio enforced and silver
thus raised to n parity with gold tho
silver problem will be solved The United
states once came very near 10 solving
that problem itself. But We have al
ways been told by the monometailis;s
that there were no bimetallists OF the
American kind In Europe. and that 1t
would be Il waste OF time and money for
bimetallic conference.
But here come cablegrams from Ber-
lin which everybody in this country
ought to read with the deepest interest.
In the Reichstag on Friday Count Won
Mirbach. a Socialist. declared that the
trade OF the world was suffering from
the disordercd state OF the currency Of
the various countries. and an interna-
tional agreement. fixing the ratio of the
metals was the sole solution OF the dif-
iicuity.
Let not the reader turn up his nose at
Count Won Mirbach has gone astray on
sociological subjects. but his head seems
to be clear on the SINCE question OF
bimetallism. At any rate. his PROPOSE
ton was seconded by Count Herbert
Bismarck. whom nobody would accuse
OF holding any unsound views on such
subjects. Count Herbert spoke as fol-
lows:
Events have proved that a bmotallic
currency was the pest for the interest.
Of national prosperity Former none
tary conferences he said. had failed be-
cause the r est Of the Powers had attend
ed them without any fixed instructions.
II new conference were arranged Ger
many must come TO an entente with at
least one other power regarding the
basis of the conference. OF England, ~
said that bimetallism had made great
progress there, and had obtained great
popularity"
Recollect that it is son Of the great
Bismarck who gives this advice The
man OF blood and iron" believes also in
silver and gold. and has taught the son
lesson in this connection which may
cause the people of all the commercial
nations IN the world TO bless his name.
why should our Congress not provide at
once for the assembling Of new inter
silver men could gain such victory az
this they would at once take high seat In
the financial synagogue. And the latest
news from Germany-one day later than
the above-seems to indicate that that
victory has been gained.
The reader will observe that Count
Herbert says that Germany must come
10 an understanding with at least one
other power-thus intmating that he
thinks the United States and Germany
could OF themselves restore parity be
tween gold and silver The Reichstng
on Saturday adopted by an overwhelm-
ing majority the resolution favohng an
international monetary conference in ac-
cordance with the views expressed by
Count Won Mlrbach on Friday.
Herr Won kerchof said on Saturday
that bimetallsm was the safeguard Of
the German peasantry and sure bull
wark against Socialism
However, the resolution has been adopt
ed by the Reichstag. And we shall soon
see with what reception that fact Is to
meet in this country.