The herald., 1895-06-03
BATTLE OF THE STANDARDS

The doctrine of the friends of free coin
age of silver Is the doctrine of Jeremy
Bentham: THE greatest good to the
greatest number. salt Lake Tribune.
The silver question is one of ratio, The
free silver advocates want free coinage at
a ratio of l6 to /. But some people want
to know why they select that ratio when
the bonatide market ratio of gold and
Senator George of Mississippi says:
Tne present exhibition of sentiment in
favor OF free coinage is rather disclos-
ure than a growth. The American peope
have never been satisfied with the act
demonetiZng silver in 1873. Inat act
was snap judgment taken against them
by dsingenuous parliamenta trick.
-Perris Valley Record.
The circum stance that the gold reserve
continues to increase must be severe
disappointment to curbstone financiers
and critics of the administration, but
with the governments credit kept stable
and industry in ali it's branches revlvlng,
it is going to be exceedingly difficult to
make any new party strong enough to
hope for success in 1896 Fresno Exposl-
tor.
1t is now said that the railroad corpora
tions and gold syndicates have Sibley in
training as the champion OF the silver
party in order to split up and divide the
Populists so as to make it an easy victory
for the Repu blicans in 1896. Mr.. Sibley
voted for the notorious Reilly railroad
bill, and that locates him, he can't get
away from 1t. and no explanatins made
by him will ever wipe out the disgraceful
stain.-San Diego Nidette.
Alluding to the buncombe put forward
in the financial discussion. the Pasadena
News observes that 1.-The theory that the
workingman Will get more money if We
have free silver is OH par with the belief
that the more banks that make money,
the more plentiful it will be. Some OF the
political agitators down south are trying
to make the coored brother believe that
free silver means all you want by simply
going in and taking it. 1t is difficult 10
understand how good times can be pro-
duced by simply coming money"
Harvey, the author OF Coins School, is
decidedly smart fellow but in his de-
bate at Chicago the other night he rather
gave away the claim that the United
States alone could, by free coinage, hold
the prices of silver and gold together.
since he proposed that gold be coined in
to money at a ratio to be changed If nee
essary from time to time if the CONNIE err
cial parity to the legal ratio shall be
affected by the action of foreign couu-
tries" Mr.. Harvey calls this pimetall-
ism. and perhaps it is, but the Oakland
Inquirer points out that it is not double
standard; it is proposal TO esta blish the
single standard OF silver.-Riverside
Press.
And now comes the Sacramento Rec
ord Union, which helped make the Re-
publican party in this state, and bravely
defends President Cleveland against the
charge that he is a gold monometal-
list That paper says OF the president s
letters on which this charge is founded.
LAS we read them it seems to us that he
is the friend OF international BIN tai
ism. " and quotes another Republican pa
per, the Milwaukee Journal, which IN
Justice TO the president says, He indi-
Gates the line of separation between the
safe track and the quagmire of unsound
currency SO clearly that no one need err
therein. 1t is also clear that IL indicates
an ultimate separation OF parties on that
line
But the most dwelling proposition, in'
sulting to those whom it aims to capti-
vate, is the hackneyed claim that silver
is "the money of the common people,
as though the common people, the
poor, are not entitled to as good
money as the rich. and are not equally
interested in sound monetary system
and healthy financial conditions for the
whole country. This is not a question
OF classes OF STATISTICS. ut Neiioit VI q
great nation 10 600. coo people, poor and
rich alike-is at stake. 1t should be dis
cussed calmly, temperately and logically
with reference to the welfare of all ana n
the light OF existing conditions. A soui
| monetary system will help all; an un-
sound one will damage all. An lntelligel I
people, all equally disposed 10 be right
and do right, should be able, in an amica.
bic and patriotic spirit to discuss the
question and decide what is sound
monetary system. 1t is very bad start
in this direction to misstate acts, mis-
quote history, invoke maudlin sentiment
or attempt to arouse prejudice.-San Der
nardino sun.
Another glib assertion OF the slverites
breaks in pieces on hard facts. We refel
to the assertion that the excports of gold
standard countries to silver standarl
| countries mast necessarily decrease l..
volume and finally disappear. You see,
| the impossiblity of maintaining a parity
| of exchange in this case is an almost
insuperabe bar to international COM
merce under such conditions; and Presi
dent Andrews has explained to us what 8
golden opportunity (of course he mus
| have meant silver opportunity the
| United States has to wrest from Englant
and Germany their foreign trade with sill
yer standard nations by ourselves going
| to the silver standard. Now comes Her
Soetbeer, the younger, in the trankfurte
Zeitung, and proves that England's ant
Germany's exports to silver countries have
not fallen off as silver has declined il
value. but have increased, in proportion
to the total exports. since 1889. In tina
year the per cent of silver countries o
the total English exports was 81; in lS9
it was SO. The corresponding figure
for Germany are ,5.7 and 16.1. As Horace
Greeley used to say''I there to he no ent
of lying?''-New York Post.