Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-08
The views Of German Statesman.

The Views Of n German Statesman.
New York Journal
Herr Wilhelm Won KardoT is OH,
leader OF the Bimetallist party m the
Prussian Diet. and one OF the most brI-
liant orators In Germany He is a pr0.
found student OF economies, and ranks
with Arendt as one OF the two leading
German authorities on monetary science
1t Will be seen that Won Kardor1 ss
Arendt. believes that free coinage hy The
United States will be the means of re-
storing tho bimctallic system Boo Europe.
Wabritz Silesia. August SIN ace
coTdance with your request. ! herewith
send you my views on the practical re-
alization Of bimetallism, with special Pee
ference 10 the strife between national
and international bimetallism. which has
broken out in the United States.
Allow me TO say beforehand that aftes
two decades Of comprehensive thorough.
theoretical and practical study OF the
coinage problem. | still hold the great
principle which your distinguished coun-
tryman. Mr. Henry Carey, upheld against
the gold fanatics when he wrote:
president Lincoln has established ~
axiom Everything OF the people, for
the people, and by the people.
The gold advocates have adopted The
principle: Everything OF the money
lenders, for the money-lenders, and iy
the money-lenders."
The legislative bodies OF all great come
mercial nations have. by large MAJORS
ties, passed resolutions which demand an
international regulation of the money!
standard question in the interest NJ The
producing classes, in the interest oi poe
ltical economy, IN the interest of
% nd NH
terest OF international trade. These rcso-
lutions are on record IN the United States
Congress, the French Chambers, the Ger-
man Reichstag. the Prussian Chambers
and the English House Of Commons. A
large number OF smaller countries have
Joined I'm the good movement. such as
Holland Belgium, etc.
Why are there thus far no practical
results 10 these devout deslres2 Why
does not success crown as yet the many
bimetailic congresses?
Because the capitalists Of the whole
world are aalied against ne az one man,
and money still reigns supreme.
I'VE should be big fools said SIR
william Harcourt. In Parliament 'if
we Engllshmen. the creditors OF The whole
world should assent TO change Of our
gold standard"
With these words he has candidly ut
tered the heartfelt sentiments Of the caqi-
talistic fraternity, who are united DO
France, England. Germany. America. and
other lands in defence Of the gold stand
ard. The tenacles Of this mighty oc-o-
pus have captured the most innuent4.
and most powerful newspapers OF the
civilized world have fastened their grip
on the cabinets. ministers and high OH
cials of ruling lands, who are made 20
thwart the pronounced Will OF parla-
mentS.
These conditions will not change de-
spite the theoretic agitations ctscience' OF
pariaments. and congresses, until IN some
country an intrepid and energetic poliueA
leader will be enabled 10 tear asunder H.
web OF lies which the monster gold splde
has spun around the world.
think the following will show clearly
to every sound thinker the two sides OF the
great question pending before the AmeriI
can people during this presidential eam5
paign:
The gold-bugs will be easily contente
with the election OF a so-called bimetal
list. Of whom IL IS assured beforehand,
that there will be no change IN th3
standard This would mean a never end /
ing scarcity Of gold. which leads 20 ever
lasting borrowing OF money. Offering enor1
nous profits 10 banks, but ever loWerin
the financial status OF American securitie 1
and ever endangering and deterioratins 4
the economical conditions OF the pro-
ducing classes. Let America take omi
nous warning from Spain, Italy, and,
other gold lands.
How different will be the result Of theI
election OF an energetic politician. whcl
win create at once a MISUNDERSTANDING 4
institution for the United States. such'
as the Bank OF England In Britain, N ]
Reisch Bank In Germany. and the Banqu1
de France; who, as soon as ne observe
the least platonic inclination on the par 4
of European governments TO take up tn'l
silver question, will not hesitate 70 ei
feet the free coinage OF silver hand ~
hand with the free coinage OF gold. Eu I
ropean States that have any commercial
dealings with the United states. espe7
| cially those that desire TO promote ~
export trade 10 the United states. NN'
| be compelled, on their part 10 enact an
! international coinage law.
This will "set the ball a-rolling' ah(
attempts TO check II will prove az fuuls
as have been the efforts Of bimetall.sti
TO effect a change for the better.
The great. simple truth must be ac'
| cepted that the progress or CIVILIZATION
| throughout the world depends I'm reality
| on the re-establishmcnt on a secure basis
/ of the intercourse between gold an!
| silver lands through the restoration Q-
/ the true relative values Of the two metals
This great fundamental truth, re-
/ cognized by the political economists, so
| biologists. and practical Statesmen I'D a'
lands OF culture. must be taken IRON
| the sphere OF theoretical speculation ana
practically applied. should We be spare!
| from revolution and war. which woAA
| end in a sure retrogression Of ciylliLA-
| ton.
| hope that Il will be the destiny Or ne
nowerful Commonwealth OF the Jnitrl
/ States and its intelligens brave. ana no
| dustrious people TO take NE happy init.-
tive in this great question OF modern civil
| lization. .,.,.
WILHELM Won KARDOFF.
| Wabritz.