Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-02-20
Advocates of Both Metals Looking
for Foreign Developments.
GOLD In EUROPE TO Be RELEASED
Silver Men Waiting for the Acticn
of England and Germany.
VIEWS OF BOTH SIDES

The discussions in the cloak rooms. far
more than the open debates in Congress,
show that the gold men as we'll as the sill
yer men are expecting their cause to be
strengthened by early developments in the
foreign situation. Both sides agree that
foreign complications have within recent
years given to the finances of the world an
artificial tone and influence. With four
great nations, Great Britain, Germany,
France and Russia. all boarding gold
against the necessities of an impending
continental war. and Austria Hungary In
the market for gold enough to enable her
to resume specie payments, a scarcity Of
the yellow metal for the ordinary transac-
tions of business has been inevitable. and
as C1nsequence the whole world has been
undergoing money pinch.
what the Gold Men Believe.
The gold men believe that this era Is
rapidly passing. and that with the growing
assurances of the continuation of peace
abroad. the strong boxes will be unlocked,
the supply of gold will once again be dis
charging its normal and legitimate func-
ton. and prosperity will return. A con-
tinental war they regard as no longer to
be feared They point to two events of the
greatest importance happening within the
past few months which plainly reveal the
stability OF affairs in Europe. Death has
caused change of rulers in Russia with
out causing ripple of either business or
political excitement in that country. Alex
ander passes from the scene and Nicholas
comes upon it, and no stir of any kind fol-
lows. No change Of policy Is announced,
nor is any expected by the rivals of Russia.
Something still more remarkable has oc.
Cured in France. France is always to be
dreaded in times of excitement and danger.
She is so emotional and sensational, and
is nursing deep a resentment against
(rprmlnV. that whenever she enters infn
the question there is feeling of uneasi-
less as to consequences. But even France
now is thought to be wearing the thinking
cap OF conservatism and restraint. She
has been able to part with one president
by resignation, and to take another by the
everyday methods of choice by ballot,
without riot among the feverish classes in
Paris, or panic among the money lenders.
This is regarded as most remarkable
performance, and as going further to war;
rant hopes of a long peace in Europe than
all other considerations put together. So,
the gold men believe, with the prospect
of war removed from the foreign horizon,
and all of the continental countries regu-
ldting their affairs on peace basis, the
enormous amounts of gold they are hold
Ing VIII find natural channels again, and
the business of this country. as of those.
will be carried along prosperously.
View of the Silver Men.
The silver men. while concedng that the
heavy boarding of gold abroad has thrown
business out of plumb. do not believe that
the release of the whole yellow store every
where would right matters. Their PROPOSE
ton is simply that there is not gold enough
in the world to do the business of the
world. that, while boarding here and there
has added TO distreSses felt. the real trou-
Bile lies back of that, and relates to what
they contend has been fully demonstrated.
This is that silver must be allotted full
stare with gold a money metal; and
done will business revive and prices pick
up.
They. too. are seeing hopeful signs
abroad. But they are not so much con-
siderinE the dying out of the war scare as
they are the business necessities of two
countries. The new ear of Russia and the
new president of France are of no great
consequence in their eyes. What they are
cheered by Is the demonstration in favor
OF bimetallsm in Germany. and the pros
pect of the early return to power of Lord
Salisbury in England. Germany and Eng
land together. they hold. can rehabilitate
silver. and events, they think, seem to be
forcing that union for effect in the near
future. Germany is moving the more rap
idly of the two. but the belief is that Eng
land will follow. 1t is pointed out that
Lord RoSebery is operating on a very mar
Tow margin. His majority is small and Is
held together with difficulty. 1t may dis
appear any day. Should an appeal be made
to the country at this time, or at any time
SOOH, luc OpililCu IS lHdl IOIu sally
bury would return to power. The
silver men in this country would
hail such a result with great enthusiasm,
for not only is Lord Salisbury bimetallist,
but his nephew, Arthur Balfour, who would
be leader in the house of commons under
the new government, is even more ad-
vanced as a friend of silver, and would be
expected to cooperate in any beneficial
movement looking to silverS interests
With Germany, therefore, already in the
field for silver, and EnglandS appearance
at her side considered to be one of the
growing necessities of the case, the friends
of silver I'm Congress are In better humor
than they have been for a long time, and
point TO the nine majority in the Senate
Yesterday in favor of taking up free
coinage bill in the closing days of the ses-
sion and in reply to the Presidents gold
bond proposition as most significant
record.
May BE Another Scrap.
History is making 50 rapidly these days
that although the subject seems to be
closed for this session with today's vote on
the silver resolutions, the Senate may have
still another word or two to say before
the 4th of March. There are presidential
candidates on both sides of the chamber,
and il is understood that none of them are
satisfied with the record as 1t now stands.
But whether they can add anything to 1t
to their own advantage is question they
are believed to be considering Ii they de-
eide that they can there may be st1ii
another scrap.