Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-09-03

SAFEST anu WlsfsA
we could possibly confide In. A caru'''a,
principle Of our policy, from the birth OK
our government, with respect 10 f.urops
! has been TO beware OF entlnghng
liances. Our American international ,o"'
sress IL not only competent TO re-es,ao
| fish In our own country the constitu,lon.
I al monetary system OF gold ana s'Ne',
but will find II necessary TO do 40. py ,.'
own act in the course OF an carry ~.
! ture The fatuous sc.olism which poas.9
( and vaunts 10 the contrary wils nave ~.
I day" like the animal in the proverp. a','
will pass away. after an epher,erai eAi''
ence, probably amid the execra'o"'
| the public. $50
But while the true bimetallists OF GU.
! country scOrn the thought or "ai.'ns
| for the approval OF Europe In this Hna''., MAT, ;
/ they have all. without exception Ie0's
| nized the necessity to Europe itseh
| an international conference of Europ.a.
| nations for the purpose OF bringing
/ Of cnaos into some common sys,e"
! currency the heterogeneous meuisy
coins now circulating In the COUNT 70
! os Western Europe. issued from az many
minis as there are princpalitias ana -
ers. big and little. In that portion Oh ",-
| world. The decentralization OF siNer ~
| Western Europe has So radically ana t"o'
! nughiv denoraliZed the myriad COINS va
/ their many minis that some in'e' ni''o'
! al action has come 10 be Regarded a"''
| Nv the great Powers, dreaded, as an
/ International necessity. Ii is a meu'oile
over which the greater Powers MAKE w
faces, but which they will be opiseu W
! take early and promptly. q, 81,
over here In America we appreciate ''e
situation in Europe. ana II the sendihg -,
n delegation from the United States VIZ
| help the calling OF a conference 'hei -
/ mr. hlrnetallists are perfectly wiiiiilS -
| send IL. I think the advocates OF 'ne
| free coinage Of silver In our ~
| Congress voted unanimously ]"
! vor Of the measure; and SOM
/ # the most pronounced iiee-sI.'e
men I'm both branches or that IN
! eres= consented 10 he members Oh ~
( embassy. The free-coinage parry OF ~" ~,
country approve Of what was oons ~ ~
! Congress. and commend the -
/ ,nomhers end senator's who accepted ~.
| ro,ntments on the commission. IL ~ not
tho free-coinage party here thit - Oh.
! etructing the European conference. guy
the gold trust and It's following lhls -
notorious. =, -
Nor need we deceive ourselves In re-
gard 70 the real problem 10 which the
! European conference Will have 10 az :
/ dress itself when. and II, 1t meets. ~
| will not he the rhtlo OF fAi''t %
| and silver That IS established already
hv nature. Give the two metals thu
equal privilege Of the minis, and the
| ratio takes care Of Itself. Municipal law
Is necessary to the fixing and legalizing
! Of what nature has already ar
RANGED, but 1t cannot materially change
the ratio or parity Of value which ma
ture works out as the true one.
No. Il will not be the ratio which the
| European conference will have to bother
itself with The real problem VIII be
how to get RI OF the heterogeneity
which now afilicts the circulation or west
ern Europe; how TO devise system or
coinage that will give IL convenient, ac-
| ceptable. and facile currency in all the
| States represented in the conference. or
course the relative value of gold and
silver will have TO be settled in lirnine
| in dev!slng the system; but that VIII
| have been practically determined before
/ hand at Is l-2 10 /. IL would discredlt
the whole work of the conference ana
! entail failure upon II at the very thresh-
! old, to subvert the established, and Tor
Europe the only conservative ratio. IL
IS not the ratio that viii tax the states
manship Of the conference. but the pro-
| blem Of creating metallic circulation
| that will have free currency throughout
the Jurisdictions for which II t. devised.
Although the ratio is matter really
| not i'm controversy, IS a thing settled al
| most as dennitively az the specific gra-
| yitv of water. vet II has become mo-
mentous theme with the Grass pohti-
clans and plgny partisans or the Amerl-
can hastings The zeal. vehemence. and
| occasional ferocity with which these de-
| baters in this great cause OF Nothing W.
| Nothing acqut themselves Is, have no
sf,sHr fn rr|.rfE
| do not think there ~ much promise
OF the restoration OF the bimetallic poll
| cy I'm our country before March. 1871.
! when the present Federal administration
I will yacate the r. eminent | fear the
gold trust will be powerful enough IN
the Intervening Congress to defeat the
| passage Of any legislation on the sub
! iect over the presidential veto. II Is
for that reason that | have looked WITH
| interest TO the calling Of an international
| conference on the subject in Europe. In
| Guiding England - meet during the
present fall or ensuing winter. The re-
| storation Of the timetable system In
Europe at the recommendation Of such a
! conference as Is proposed would make
the measure 30 strong I'm this
country that veto would either not be
! lnterpOsed at ALL or be interposed I'm
| vain.
But. Independently of all these con-
| siderations. l am an advocate OF irdi-
vidual action by the United States as
soon as practicable. / very much fear
| that the difficulties Of establishing uni
! form international coinage IN Europe by
action Of the conference will prove in
surmountable and | fondly believe that
the establishment Of a sound and honest
coinage OF gold and silver by the United
States will have results far beyond our
| own territorial limits. The necessity Of
uniform coinage Of general circulation
| will be so great In Europe that. II its
own conference should fail 20 provide
one. our American coins may become
by taclt acceptance the conventional cur
rency Of the European populations.
AZ II events | am not one Of those
! Americans who believe that We must
first get leave from Europe 10 re-estab-
fish the bmetalllc system Of currency
In these sovereign States. The habit OF
suhserviency 10 foreign dictaiion and FOR
eign control on this subject is not taught
by bimetalllsts. 1t H. the teaching only
OF the gold trust and its American bench
men
As a bimetallist. I arr IN favor Of the
opposite policy IL IS more pleasant
and In far better keeping with American
patriotism and pride 10 be dictator rath-
er than dictatee In q matter so closely
I involving the independence and wei
fare of the country as the money or the
people. The city of Venice through its
great bank regulated tn money eX-
changes OF the world for GO years IN
Ill the city was subiugated by the nrst
Napoleon. The dladem then fell upon
the Bank Of France. which performed the
great function for nearly q century I'M
Ill silver was demonetizel by the great
t-...,.. America