The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-04-15

of the commercial nations. The enlightened
opinion of the world recognizes these
British Gold and Silver Commission agreed
that 1t was the bimetalIic system which
preserved the stable ratio between gold
ana silver down to 1873. The six gold
InonoInetallist members agreed that hi
Inetaiiism is practicable and desirable for
pece1n,,, maIons though they hesitated to
SIX members declared themselves unreserv-
euIy Tor oimetalism by international agree
t 45 germany, perceiving the great mis-
take she made in 1871, has declared for an
International conference. England in1pelled
p ane distress among her producing classes,
Is aovancing towards this policy France
has been for it from the beginning. The
oppression OF Europe urges it.
me palpapie advantages of bimetallism
are gaining ground for it every day 1t
pruaaens the monetary basis of credit and
, v,llaages the stock of available sound
makes an approximately fixed par OF ex-
Gnange between gold and silver countries
the evils of an appreciating metal on the
1 tha Inc restoration of this system is
e eolan restoration ra Of silver and as its
hahiliation must be international.
And now what is our true American
gold alone or UPON silver 70 alo pese up ven
want the joint use of the two metals upon
c G. which will make every dollar
as good as every other dollar in the pockets
OF the people, and in the markets of the
world. We want the establishment on
a broader scale of that bimetallic system
which for seventy years, through the
severest strains, through periods when the
silver output was three times as great
when the gold output was nearly five times
as great as the silver, still kept them at
a stable ratio and maintained the monetary
equilibrium of the nations. To accomplish
this result it is our duty to set our faces
like adamant against the indepe ndent free
bimetallism and simply plunge US upon the
silver basis We ought to learn from our
own experience. We have done more to
promote the growth in Europe of a demand
for international bimetallism since we
stopped the purchase of silver in 1893 than
buying $500, O0O, 900 of silver. So long as
we alone were carrying the burden Europe
smiled and remained passive. When we had
aroused to the necessity of action.
Let US emphasize that lesson. Let JUS
our words: 1--WE desire Elm International b. b.
metallism; We believe the business of the
of both metals but the initiative now rests
with you. Bad as the present situation is
we can stand it as long you can. We
ing out for relief. we know that the
Lancashire cotton spinners are in distress
fusion. We are ready to Join You in an
international agreement for the restoration
of bimetallism, but if you are. not ready
are going to meet you on that ground
Your London market was shaken when Mr..
$70O00,000 of gold to build up Russian credit.
You were watchful and solictous when
her finances. You replaced that treasure by
drawing on u.s. We know. that France
mas wisely ACQUIRED S2oooVoOoo OF gold while
amount. But we are richer and stronger,
more self-sustaining and more powerful
in resources than the greatest of your
nations; and if you are not prepared for
bimetallfsm and if it is to be contest
give notice that we are going into the
markets of the world to buy 1000, 600 or
100000 if necessary, in order to take
settle the question inside of six months.
Europe would seek conference and inter-
national agreement would follow. That is
the solution of the question. Independent
free coinage is the pathway to the single
silver basis and bimetallism through inter-
national agreement is the pathway to
honor. safety and prosperity.