The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-08
Arrrc.Nllrcr Philosopher.

A Trec-Silycr Philosopher
The statements Oh the financial cues
tion made by Air. whitney a le" u@s9
AGO are the same That nave oeeh 4'
h-drscd time and again from ono 80
this country 10 the other DURING inc
t,yo years. Panic, banniu Vicg' ".''
ruin viii inevitably follow the ielno"-'
cation OF silver ~ the ratio or 10 10 j, ga"
been the cry OF every gold mon9il, 1'-'-.
whom We have read or htaI"'
have 10 hear the hrst sound reason al
,.snco6 for the position taken. j. we
ask why. We are assured that IL WIZ D'
ca because ia their Judgment, il VIII ne
"a. that they believe all tho silver OF mo
world will flow 90 us. and all the -o'H "a
this country will pass 70 oinef nd"oHs'
These same gentlemen told ~ Only
few years ago that our credit Na' Dti'H
,oin,d and that panic vas being brousl,
m hv the Sherman law, and thal iNe
inco1ditonA. repeal Of that Inv, thereby
committing the country 10 6oiu i"ou'
metallism. would be sure Icincuy lot
ehese evils. That law has been rrpeaieN'
and instead Of curing these eNli'' we
have seen them grow worse ana worse.
Vet these same prophets tell as tLat an
we need is a heavier dose OF the S@i'o
medicine. that u we shall bind ourselves
bano and foot 20 the gold standard we
shall lie saved from our present distress
These NAV be wise prophets anu o1'
truest friends. If so, we are constrained ''
saw Lord. deliver us from such piophes
and from our friends.
If these gentlemen are so sure lil''
bimetanism VIII ruin us let lNeh SO
Us a few instances from the history o'
nations 90 verify their statements. ne
would like 10 have pointed out 10 us one
instance in which q nation has peen Danh
rupted and ruined by its adherence TO -"e
double standard ~ values. On ihs o'He'
hand. is 10 not true that IN oil great ma
lions there has been greater grown
and coutentment under the double than
under the singie-eold standard Is IL
NOT true that the present distress and
unrest ara largely confined 20 sold-stan-
dari countries2 Is 10 confined 90 any one
of these countries alone. or does IL rather
extend throughout the gold-standaid
napJns?
Tnev tell u.s. that silver has depre-
cistsd so much that We cannot SO back
10 free coinage at the old rauo-l6 10 ].
Take all other commodities bought ana
sold 10 our markets. ana conc
pare their values with that Of gold
along with silver for The years 1875
and 1896 DO you not ind that TIE ie.--
tive depreciation Of them ALL with "a Few
minor eXcepis, has been ABOUT l"' s"i"v
as that of shvcrf 1hcn. -"s t'eie '''
been an appreciation OF 3oi. i''.-' ..'
depreciation OF si'ert is io' u ro
that II ohe-'a'l Oh an 'i'e hV.'
"fold shouia ne oesloYcn o., "''. IL.
every aIiioie H'" 9e'.'5 4D' .'1
some other metal should come 20 the
rescue az gold as standard OF values
AN' hoy ''o '"N''5 -t.-t
use d.. 800
i'. e." ,'' o' Nv ,..
N'o" '.'' '.' ...-... ,.t ,r...
country ~"
perry lo. ninety 49, ..'' -.
no"
t'"-.' VIC" 80,
t ...... .i,...
~, la. 49,, ,r,.t...l anal
80. ....l..,...- ,,,,.,..l., W..
- ,t.., ,,. ...5 %, r,.,..l~ and a..
-. ,t.., ~. si.,,.iT &c.. 3D.. r.,ror,ff.
n- .... ~ .... l... ,.,.t
80, t., ,, t., Sab otb,r
-
r.., q. g., -o+ co-1 e.~ man % ha
ar,,. lbs ioe, v.rirel bv the history
,t, 60, 40 lc.s efronof, has mise
torv nrovcn mat fl IS NOT good for gold
TO 10 afons. Atoms standing alone never
r,fcn +b,f. ,,fseio, uuf atoms united
-, .to,ns of dt0orent nature form a per-
a., .,,...,,,,,,, rlo.t-io.l for... ,.....
49,. ,,,,.o.f,.- currents Nfa~nofien1 is
,.,,-,,,,i ,,.,nisr,s follow the
u""'' ,,..i,.,' ~, corstr,cfio, Am ma
III" a. ,, We l.lie,o This law ap-
', W. an s,s ror.o IN n medium of
r"rS WV w.. ,.,o1 to4b cola and en-
eH''i,is -. 49,. che ofhor
Nr.' ''"' u"' Inc .at5 ,,,t r,ono,, is the
some one ''' -. ,o+bor t-o
hiool OF -, lr..,ris-,,.o
blood OF ha,'"iS .,' -, -. ,-,,sor,,,
IN olo'' '""' -. .,.o ,.i+ofigfr,
10 nature II must H''t l"o