The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-11-09
HUMAN FREEDOM IN DANGER
Until the Battle Of the Bimetallists
Shall Be Won
Under Eryau's Leadership Victory Is Prom.
ised ID 1900
The Greatest of European Authorities
on Currency Questions Sends Word
of Warning to the Diplomacy
Of Europe.
Associated Press Special Wire

WASHINGTON, Nov. .S-The cam
paign for the free coinage of silver will
be waged with vigor during the next
four years in preparation for the elec-
tion of 1900. The directors Of the Ameri-
can Bimetallic union who constitute the
bulk of the silver leaders in three par
ties, have decided to maintain head
quarters in this city from which to send
out literature. The branch Office at Chi
cago will be consolidated with the WASH
ington office, but the San Francisco
branch is to be continued. At the re-
quest of the directors, Gen. A. J. Warner.
the president of the union, has issued
the following addres to the silver leagues
and bimetallic unions of the United
States:
Silver has lost in this election but the
battle, or the overthrow of the gold
standard has not ended. The disastrous
results that must attend upon the con-
tinuance of this standard make 1t inn
possible to relinquish the struggle
against it until it is finally overthrown.
The gold standard cannot be maintain.
ed by increasing revenues, because rev.
enues are not paid in gold. The attempt
to maintain the gold standard by per-
petual loans must sooner or later fail.
The only other way is by contracting
the currency and forcing down prices
SO low that gold will come here of itself
in such quantities as to constitute in
part at least the currency with which
revenues are paid and no debtor nation
can long maintain such policy. Either
course, therefore, leads to inevitable
ruin, the one by bankrupting the gov
ernmeut and the other by bankrupting
the people. Either policy will subject
the United States absolutely to British
domination and hence the rejoicing of
the British press over the defeat Of sill
yer here.
The victory for gold is victory of
trusts and syndcated wealth, brought
about by corruption and coercion and
not victory of the people or for the peo-
pie and it cannot last. There must be
an end also to the constant appreciation
of money. The appreciation of money
alone, if allowed to go on at the rate It
has gone on for the past twenty years.
will, in half generation more, transfer
the bulk of all the wealth of this country
from those who have created it to the
hands of the few. who control the money
and own the debts. No power can be
conceived so potent to gather wealth
into a few hands as the ceaseless, all
pervading power of an approaching
money standard. No civilization can
stand against it. 1t must endanger the
foundations on which free institutions
rest
The battle, therefore, for the restora-
tion of silver must so on without abate-
ment and I urge upon all silver and BIZ
metallic leagues and unions to keep up
their organizations and to continue the
fight till victory for the people is finally
won.
The noble fight made by our intrepid
leader in the campaign just eneded en-
dears him to all who believe in the
righteousness of our cause, and under
his leadership, we believe, victory will
be won in 1900.
A WORD OF WARNING
LONDON, Nov. S.-The Vienna cor
respondent of the Times says: Prof.
Suesz, the greatest of European outhor-
tiles on currency questions. writes let
ter to the Neues Wiener Tageblatt enti-
tied "a Word of Warning to Europe's
Diplomacy" Prof. Suesz agrees with
the English Bimetallic league that Mr..
McKinley's election involves a triumph
for international bimetallism over ma
tional blmetallsm, but he regards Mr..
Bryans defeat as fortunate for the Unit
ed States and for the intercourse of the
world in general. Free silver, he
thinks, would have driven all the gold
out of America, and the introduction Of
an exclusively silver currency in the
United States would have been inevita-
BILE for an indefinite period. This would
have divided the world into two camps,
one the great silver field comprising the
whole of America and the whole OF
Asia, and the other the gold area. includ-
ing Europe, portions of Africa and Aus
trala.
Prof. Suesz says that it is puerile to
consider such questions in the light Of
gains and losses of mine owners, and
that it is equally puerilc to consider
that the election has solved the silver
question either for America or for the
rest of the world.
Recent events on the contrary, he
thinks. have proved the existence OF Z
general feeling that the injustice By
which creditors benefit and which pro-
ceeds from existing conditions Of ths