Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-25
A GOLD BOOMERANG.
DIR. Arendt, Neilow-Me5aI Reliance,
for Free Coinage.

(NcW York Journa)
Professor Otto Arendts statement In
Saturdays Journal is more than a blow
between the eyes to the gold monometal-
lists who are masqueradng as Internal
tional bimetallisis so fond have they
been Of quoting Dr. AIendt as a staunch
upholder OF their views that they have
lauded him 10 the skies. and have held
him before the country as one great AL
thority on bimetallism before whom they
bent in alteration. and whose word was
final on the whole subject.
NOw-too late-they learn that he is a
strong advocate of free coinage on the
part Of the United States as ihe che
measure sure to force the hands Of Eu-
ropes money kings from the throat Of
silver. What course they can pursue
10 back-water from the Drink Of the
logical Niagara before them cannot be
imagined.
The Democratic leaders are swift TO see
the advantage before them. DR.. Arendts
mastery analysis Of the situation VIII be
sent to every part Of the United States
as a campaign document IN both English
and German. The Washington Post. a
staunch gold paper, but one given 10
puncturing sham arguments and false
logic. reprints Dr. Arendt's article In full,
with an editorial comment.
ARENDT QUOTED BY WHITNEY.
80 much has been said about The opln-
ions and utterances OF Or. Arcndt the
famous German writer on lnance" says
the editorial that IL occurs 10 us to re-
print IN the Post this morning the full
test Of a letter he has just written TO the
New York Journal. His Worldwide repu-
tation as a studen. Of the question his
brilliant attachments, his profound ard
varied information. all conspire 10 lend
peculiar interest to this product of his
pen Mr.. Whitney has quoted him in
refutadion OF the free coinage heresy.'
The gold-standard newspapers delight In
falling back upon him as the most potent
destroyer Of the silver fallacy.' Republic
can and assistant Republican speakers
use him as stock for their more CT
less inspired outbursts Now. IL viii be
as well to see what DR. Arendt has 20 say
Tor himself:
"Of course. we are all bimetallists. Mr..
whitney. Mr. Belmont. Mr.. Pierpont Nor
CANAL the really important leaders Of
the anti-Bryan movement-dCclare with
fearful fervor that blmetallism is the one
dream of their lives the dearest and the
! sweetest thought they harbor. What they
Mrlfle nlAttr DoWtNtl--NidL ADllAltS
their unselnsh souls-is the knowledge
that the United States cannot undertake
bimetallism alone without causing ruin TO
the noble workingmen and spreading
penury among the dearly beloved
MASSES. Otherwise. the Belmonts. the
Morgans. the Rothschilds. the Bleich-
roders. the Lizards. the Ickelheimers. and
| all the rest Of them would welcome BIZ
metalllism with an ecstasy too deep for
words
but Il IS not possible. ASK DR..
Arendt: don't believe US. n you don't
want to- they say. Go and ask scientists
like DR.. Arendt, who have made the
subject the study Of their lives
And. so. at last. somebody has asked
DR. Arendt. and the Professors reply is
given I'm full elsewhere IN this edition OF
the Post. We have advocated the gold
standard. not because England or any
other nation has adopted IT, but because
we consider II as the best standard for
| ourselves. and because We fear the effect
| ~ free and unlimited silver coinage upon
| our domestic welfare. DR.. Arendts views,
therefore, are OF no great consequence
10 us but are given 20 the public simply
I'm accordance with our settled policy OF
presenting facts 10 our readers. an
| taeonizine perversions and failacies. and
| castigating humbugs and sharpers wher-
ever we may find them.
| .sDr Arendt says that free coinage by
| the United States will force pima,alism
| upon Europe He predicts m interna-
| tional agreement as the result OF Bryan's
election. and halls that contamination as
the vanguard OF universal prosperity and
peace. il Will be interesting 20 see what