The herald., 1897-04-14

fration is seeking to turn public atten-
tion to the tariff question, but If our rea-
soning is well founded, an increase OF
taxes cannot restore prosperity to the
PRODUCERS of wealth. II the Dingiey bill
brings general and permanent prosper
ity the Democratic party w!li not be in
a position to win a contest by opposing
it. If. on the other hand, the Dinsley
bill proves disappointment to those
who advocate it, our position of 1895 Will
be strengthened and public attention
will be riveted upon the fact that the
cause of financial depression is to be
found in our monetary system.
There is much in recent events to en-
courage the followers of Thomas Jeffer-
SON. The spring elections indicate a
growing sentiment along the lines of the
Chicago platform. In fact, elections
which have taken place show so great
gain that the Republican party may now
be considered minority party. Ii mas
but one hope of escape from the wrath
to come, and that is to secure bimetal-
Iism by International agreement before
the people of the nation have another
opportunity to speak at the polls. While
we who believe in Independent bimetal-
lism generally regard an international
agreement as neither necessary nor pos
sible, we may well hope for the success
of any who may make the attempt u
secure foreign assistance. If our oppo-
nents succeed in opening the mints OF
other nations as well as their own, we
shall rejoice, because the conditions of
the people will be improved, and they
will be able to proceed with other rem
edal legislation. If, however, the Re-
publican party, after pledging itself to
secure international bimetalism finds
1t impossible to fulfill that pledge, Its
expressed preference for double stand
ard will rice up to condenmn it If it at
tempts to contiue longer the evils of the
gold standard.
FAILURE PREDICTED
LONDON, April Accommodating to-
day on the appointment of American
commissioners to an international BIZ
metallic conference, the Times says:
I'VE believe that all the indications in
Europe and the far east point to the fail
ure of such an undertaking. 1t is i'm
probable that all the enthusiasm of SEN
ator Wolcott. combined with he business
abilities of Mr.. payne and the Democrat
IL SilNST syIHpdtHleS Oh vice 1resl-
dent Stevenson will bring about the con-
ference desired by President Mckinley
1t is still more improbable that the COM
mittee will effect anything without a
conference.
Separate agreements with the United
States are out of the question when the
nations of Europe do not wish to agree
among themselves in-favor if bimetal-
lism. The commission will have a good
time and will be received everywhere
with courtesy. President Mckinley will
be, able to point to his labors as redeem
ing his election promises and to their
failure as showing that If America wants
free silver she must procure it for her
self at her own risk
"The sooner these points are made
clear the sooner may we expect Ameri-
can business to assume more healthy
appearance. 1t may, therefore, be hoped
that this rowing commission will not un-
duly project its interesting but futile ex-
periments upon the stability of the
financial convictions now governing
European policy"