The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1896-09-02
A GOLD BOOMERANG.
Gold Mon Find DIR. ArenlT Free Silver

Cold Men Find DIR. Ar@n1T y Free Silver
Advocate.
WASHINGTON, Aug 24.-Prof. Otto
Arendt's statement in Saturdays J our
nal is more than a blow between the
eyes to the GOLD mOnOmetaIlists who
are masqueradine rs international BIZ
metallisls. So fond have they been Of
quoting DR.. Arendt rs q stanch up-
holder of their views that they have
lauded him 10 the skies, ana have held
him before the country as the one
great authority on bimeta!lism before
whom they bent in alteration and
whose word was iiuaI on the whole
subject.
Now, too late. they learn that he is
strong advocate Of free coinage on
the part OF the United States as the
one measure sure to force the hands OF
Europe's money king, from the throat
of silver What course they can pur
sue to back water from the brink OF
tue logical Niagara before them can
not be imagined
The Democratic leaders are swift to
see the advantage before them. DR..
Arendts masterly anal ysis of the stu
alton will be sent to every part Of the
United States as campaign document,
in both English and German. The
Washington POST a stanch gold paper,
but one given TO purcturing sham ar
guments and false logic reprints DR..
Arendt's article in full this morning
with an editorial comment.
SO much mas been said about the
opinions and utterances of DR.. Arendt.
the famous German writer on finance"
says the editorial, that it occurs to US
to reprint in the Post this morning the
full text of letter he has just written
to the New York Journal. His world
wide reputation as a student of the
question, his brilliant attainments, his
profound and varied information, al
conspire to lend peculiar interest to
this product of his pen. Mr.. Whitney
has just quoted him in refutation Of
the free coinage heresy. The gold
standal,n newspapers delightin falling
back upon him as the most potent des.
troyer Of the silver fallacy. Repuo-
lican and assistant Republican speak
ers use him as stock for their more
or less inspired outburst. Now, it will
be as well to see what DR.. Arendt has
to say for himself.
''Of course, We are all bimetallists.
Mr.. Whitney, Mr.. Belmont, Mr.. Pier
pont Morgan-all the really important
leaders of the anti-Bryan movement
declare with fearful favor that bimet
allism is the one dream of their lives,
the dearest and the sweetest thought
thew harbor. What they writhe under,
however, what tortures their unselfish
souls, is the knowledge that the Uni.
ted States cannot undertake bimetal-
lism alone without causing ruin to the
noble workingmen and spreading pc,
nury among the dearly beloved mass
es. Otherwise, the Belmonts, the Nor.
gans, the Rothschilds, the Bleichrodes,
the Lizards, the Ickelheimers, and all
the rest of them would welcome bl-
metallism with an ecstasy too deep for
words.
but it is not possible. ASK DR..
Arendt; don't believe US, if you don't
want to2' they say. Go and ask sci
entists like DR.. Arendt, who have
made the subject the study OF their
lives
"And so, at last, somebody has ask
ed DR.. Arendt, and the professors re-
ply is given in full elsewhere in this
edition of the Post. We have advoca-
ted the gold standard, not because
England or any other nation has
adopted it, but because we consider it
as the best standard for ourselves, and
because we fear the effect OF free aad
unlimited silver coioage upon our do
mestic welfare. DR.. Arendt's views,
therefore, are of no great consequence
to US, but are given 10 the public sim
ply in accordance with our settled
policy of presenting facts to our read
ers. antagonizing perversions and fal-
lacies and castigating hurabugs and
sharpers wherever we may find them.
DIR. Arendt says that free coinage
by the United States will force bimet
lism upon Europe. He predicts an
international agreement as the result
of Bryan's election and halls that
consummation as the vanguard OF
universal prosperity and peace.--New
York Journal.