The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1896-07-11
BIMETALIsM

Below We give space to a ieuef
sent us by friend, with the request
that we publish it. The letter is
taken from the Times. Herald OF
Dallas, Texas, and is from the pen
of Henri Cernuschi, one of the
ablest writer's of the day. 1t is
worthy of perusal:
To the Times Herald]
submit to your consideration some
remarks OF Henri Cernuschi on silver
demuuei zstion as il affects the
United States, hoping yon will puoiish.
Cernuschi was, as You know, very
distinguished writer on hnan"e-ih
fact generally recognized in Europe as
the ablest writer on these subjects.
Ire died about month ago, aud the
remarks below were his last utterance
for the press. they were made 10
Edward TheIy, editor of the Econo-
miste Europeen of Paris, and publish
ed in that journal.
He classes the American silver men
as silver monometailists. In, this, OF
course. he errs, for American silver
men are in favor of gold ana SILVER al
the ratio of Is TO !. They are bimet'
allis,s. The only monomelallists are
the gold meu, and they are all strictly
such whether they call themselves
Democrats or Republicans, and they
will all be Republicans after While III
name, as they are now in fact.
You will also note that Cernnschi,
like nearly all European advocates OF
bimetallisln, is opposed 10 the United
States undertaking TO restore SILVER
without the concurrence OF Europe.
He bases this opposition on the ground
that independent action by Inc
United States would prove disastrou
TO European interests, while 1t would
enormously develop American pro
| ductive power at the expense U
Europe. Well, we Americans are no
looking out for the Interests o
Europe. We are looking out for TIT
interests Of ourselves.
You will note, also that be say
practically that should the Unite'
States restore silver, Europe would b
compelled. in sclf-defense, TO do IKE
: wise. This statement OF the grea
French writer ought TO be particular
" commended TO ex-Secretary Whitne
aud the other gold bugs who hol
Tint the United States, though In
greatest and richest country III IN
world, could by himself have no Unfit
ence iu settling the silver question
These poor fellows seem TO have II
conception whatever of the greGtne;
] and grandeur of their own countr.
, They do not understand that she is
most formidable power in this world
in fact, the most formidable III VIVA
/. ever aspect we view her.
s You will further note that Cernu
Z chi states aud rei;erates and explain
that the gold standard is running II
L apriculturlsts and the debtors OF tt
United States adding that If be we
an American he "would unhesitatln
a " 90 over to the camp OF the silv
men" if England refused TO co-opera
in remoneiizing silver. Well, '
~ know tnat size TtluStb uuN pSiSiS'o
d refusing, aid always Will do SO unle
# she be forced to change her polic
" She has a soft snap of it now, and W
Ie never give it up voluntarily.
o TO ruin our agriculturists is to ru
our whole country. Here, thereto
is testimony of one of the create
/: writers on finance that ever lived,
= foreigner writing from sold, imps
rs tisl standpoint, that we-or rather
lie American gold bugs-are running o
~ country that England may flourish
- our ruin. Aud the gold bugs can
nt dispute that such is the result of
is gold standard which they advocal
a at least they can not dispute ii 81
:. cessfuily.
~ Were ever sensible people gui
of such copfounaed internal jacka
ness before? Our allegiance and
ist good works are due to our own cot
20 try, and not to England or any oil
part OF Europe.
~