Western liberal. (Lordsburg, N.M.) 1887-1919, 1896-08-21
INTERNATIONAL BIMETALLIsM.

INTERNATIONAL BIMETALLISM.
Moses Taggart in Grand Rapids Herald.
The most heated sAverite, IL he will
take breath for sufficient length of
time to refresh his recollection, re-
view the last few years and exercise
his reasoning powers a bit, will not
charge up these very blue times to a
lack Of silver currency, or its so-called
demonetization. The continuous
good times for years prior to 1893, in
cluding the period of greatest pros
perity in the memory of most of us,
just preceding the last administration,
under the Mckinley act, are a com
plete answer to the charge. Nor, un-
less dishonest, ignorant or very mar
row and bigoted, will he charge up
bad faith upon the leading republi-
cans, who are not ready to prescribe
free coinage Of silver as the specific
for all the ails OF the body polite.
The standing of such republican
leaders as Senators Allison, Sherman,
Aldrich, Lodge, Hoar, Frye, Davis,
Cullom and others entities their state
ments to be considered, at least, as
made in good faith. These gentlemen
in 1894 signed the following dispatch
to the president Of the London bime-
tallic league: I'VE desire to express
our cordial sympathy with the move
ment to promote the restoration of
silver by international agreement, in
aid of which we understand meeting
is to be held tomorrow under your
lordship's presidency. We believe
the free coinage of both gold and sill
yer, by international agreement, at a
fixed ratio, would secure to mankind
the blessings of a sufficient volume OF
metallic money, and what is hardly
less important would secure to the
world the trade immunity from vio-
lent exchange fluctuations"
1t may be said that these eminent
men are led by political reasons to OPP
pose free coinage by this country
alone, or are biased. DR.. Otto Arendt,
member of the German silver COM
mission. a warm friend of bimetal-
lism, man whose character and abil-
ity are pre-eminent, cannot be said to
be prejudiced in favor OF any political
party in this country. DIR. Arendt
takes the same view as the eminent
men mentioned. He says, in letter
written in October, 1895: "In reality
every bimetallist, that is to say, every
adherent OF the international double
standard, is bound to oppose the free
coinage OF silver by any single country
because the object, namely, the sta.
bility of the ratio of values betv cen
silver and gold, can only be reached il
several great states adopt the same
double standard. Now, that the gold
production has increased so enormous
ly there is an increased possibility
that the United States may be able u
alone maintain l to l6, but only sc
long as the gold plethora continues
which will not be long. A permanent
stable ratio can only be secured
through an international double stand
ard, which will be rendered i'm
possible for a measurable period by
the victory Of the free coinage part,
of the United States"
believe a revenue sufficient for al
expenses of government would dc
away with trouble to the reserve that
has been so carefully guarded; also
that well devised but not excessive
protective tariff, and return to the
Blaine reciprocity treaties, SO ruth
lessly wiped out by the present admin
istration with its first congress, will
have much more to do in bringing
around the long wished for good
times, than any financial legislation
l also believe in bimetallism; moi
simply in name, but through methods
that will secure the use of both met
ais. There was introduced into the
German reichstag by Kanitz, in 1894
q bill for the unlimited coinage of sill
yer on the ratio OF 154 to l, to go intt
effect when similar coinage law
should be enacted by the great con
mercial nations mentioned In the bill
Republicans substantially all agree
and their platform declares for inter
national bimetallism. Such a measure
as the Kanitz bill is in effect a propo
sition, the flrst step to contract, al
international agreement. A bill in
troduced into the United States con
gress aud passed, to the effect tina
this country would coin silver on tn,
basis of l5i or l6 to l, to go into effec
when France, Germany, Austria an,
England Tor perhaps any three o
them) enact similar measures, is, II
my judgement, the most effectiv
Be sure You Are Right.
And then go ahead. Ifyour blood |
impure, your appetite failing, you
nerves weak, you may be sure tina
Hoods sarsaparilla is what you need
Then take no substitute. Insist uI