Pine Bluff daily graphic., 1896-08-28
RiinstaIlis,ll.


 Bimetallism cannot be secured by inde. pendant action on our part It cannot be obtained by opening our hints to the un- linited coinage of silver of the world at the ratio of l6 ounces of silver to of gold when the commercial ratio is more than 3U ounces of silver to l ounce of gold.
 Mexico and China have tried the experi= ment Mexico has free coinage of silver and gold at a ratio slightly in excess or Ia and while our hints are freely open to both metals at the ratio, not a single dol lar in gold bullion is coined and circulated as money. Gold has been driven out of circulation ill these countries and they are on a silver basis alone Until international agreement is had, it is the plain duty of the United States to maintain the gold standard. It is the recognized and sole standard of the great commercial nations of the world with which we trade more largely than any other. Eighty four per cent of our ,oreign trade for the fiscal year 1895 was with gold standard countries. and our trade with other countries was settled on gold basis
 We Now Have More Silver Than Gold.
 Chiefly hy means of legislation during and since fSiS there has been put in cfrcu- iation more than $624 000, GOO of silver or it's representative This has been done In the honest effort to give silver if possible, the same bullion and coinage value, and en- courage the concurrent use of both gold and silver as money. Prior to that time there had been less than 9,0W.0O0 of silver dollars coined in the entire history of the United States. a period of S9 years.
 This legislation secures the largest use of silver consistent with financial safety and the pledge to maintain it's parity with gold. We have today more silver than gold This has been accomplished at times @l t,.f fl.a, R socalled sherman law sought to use all the silver product of the United States for money at it's market value. From lS90 to 1893 the government purchased 4,o000ou ounces of silver a month or 4,0O000u ounces year This was one-third of the product of the world and practically all Of this eountrys product. It was believed by those who then and now favor free coinage that such use of silver would ad- vance it's bullion value to It's colnage value but this expectation was not realized. In d few months. notwithstanding the unpre- cedented market for the silver produced Ill the United States, the price of silver went down very rapidly, reaching lower point than ever before. Then, upon the recom- mendation of President Cleveland, both political parties united in the repeal of the purchasing clause of the sherman law We cannot with safety engage III further experiments in this direction.
 The Double standard.
 On the 22nd of August, 1891, in public address, said: T we could have an li= ternat;onal ratio which all the leading na- tions of the world would adopt and the true relations be fixed between the two metals and all agree upon the quantity or silver which would constitute a dollar. then sIl= yer would he as free and unlimited III lfs privilege of coinage as gold is today. But, that we have not been able to secure ana with the free and unlimited coinage of sll- yer adopted in the United States at the present ratio we would be still further re moved from any international agreement We may never be able to secure II II we enter upon the isolated coinage ct silver The double standard implies equality at Il ratio and that equality can only be es tablished by the concurrent law oi nations It was the concurrent law of nations mat made the double standard; it will requlre the concurrent law Of nations to reinstate and sustain it.
 It favors the Use of silver Money.
 The Republican party has not been, anu is not ,ow. opposed to the use or silver money. as its record abnndtutly shows Il has done all that could be done for It's in- creased use with safety and honor hy the United States acting apart from other gov ernmeIits There are those who thihk IL has already gone beyond the limits oi