The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-07-29
MINING.
stocks
Who Is a HimetaIi.ti

The question as TO who is a bimetalist
and who monometalst appears TO be
greatly misunderstood, at least as it ap-
pears TO the News; as we see il the repub-
lican platform does not really mean that
IT stands out altogether for gold, owing,
however, to the panic which was brought
on by the free silver 5alk which necessar-
lily frightened the European countries,
mind you not poor old John Bull alone.
into believing that this country intended
to pay its gold loans back in silver,
which, whatever may be said to the
contrary, is sure to be cheap money
Tor some years and in order to prevent
another scare In the near future the re-
publican party thought it advisable to
insert what is known as the gold plank
in its platform so as to stop tie Euro
pean scare and keep up the country's
credit in order that there would be no
lear OF another panic which the NEWS
believes would surely follow a calling in
oil the loans already made or a stoppage
oil any European loans in the future.
For bringing this matter down to home
affairs we all know that if a man of good
credit has loan from any of the banks
they are likely to continue it lust as
long, unless the bank really wants the
money, a. the man's credit and those of
his endorsers continue good, but lust az
soon as the banks begin to think the
mans credit is tottering they call in
their loans and perhaps the debtor is
ruined by such action, as 1t is with an
individual so il is with a country.
The insertion Of the gold plank does
not mean that silver is to go out OF use
as many persons appear to imagine. The
government WILL on it's own account On
on coming silver to the extent they may
deem necessary, but not to greater ex.
tent than they can by means of the gold
reserve keep equal with gold, but will not
open their mints to the free coinage Of
silver until some of the large European
nations do 40 likewise. Such action
and plank do not, in ouroDinion, make
them monometalists, as they admit they
are, only waiting for the time when they
can safely declare themselves as bimetal-
lists.
On the other hand, the bimetalists. or
as they now choose to call themselves
Tree silver men, but where the free silver
comes in we fail to see, are more likely TO
become very shortly, that is il they gain
the day, monometalists, az they must
know the free coinage OF silver at ] 6 to |
IL likely to drive the gold out of the conn
try and 20 place this country on a silver
basis. Ii such a course is bad for the 90
called goldbugs it would, we believe. be
worse Tor those who, like ourselves. have
to toll in some way tor their daily bread.
Tor u capitalists are afraid to venture
their money where is the poor man TO
find employment?
1t this country were not a debtor nm.
ton it is probably large and rich enough
to run its own financial system, but until
1t trst pays its outside debts and becom
to certain extent, independent il can
not, "a we see it. afford to admit silver In
Tree coinage and therefore we fail 40 see
Why any republican, il he is possessed of
patriotic feeling. should go back on his
party, notwithstanding the gold plank
even i he should call himself a bimetalist.