Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-19
THE CELESTIAL GLOBE.

money in excess of the par value of the
bonds they hold. it is evident that a
permanent bank currency, secured by
government bonds, will necessitate Il
perpetual national debt, and as there
must be an increasing supply OF money
10 keep pace with an increasing popu-
latlon, a national bank currency will
also require Il constantly increasing
debt for Il basis.
The bank note feature of the bill now
before Congress is so vicious and indie
fensbie that :he New York Sun. i'm an
editorial of January ., warns the Re
publican party that the bill will handi-
cap the party in the coming campaign.
1t says that for the Republican party to
enter the campaign as the champion of
me national bank money would give to
inc opposition Il strength which IL
the Republican party to 'let the ma
tional banks GO The Democratic
party cannot drop the money question
without giving an Endorsement to this
infamous policy. 1t cannot drop the
money question without turning the
people over TO the tender mercics Of the
bank presidents who will control bust
ness conditions by controlling the
money supply.
REASON FOR l6 TO RATIO
Sometimes our opponents concede the
necessity for bimet.,llism bur VIM tho
party adhercs w the ratio OF 16 IN 1
me answer has been given so often
THAT 1t ought TO be well understood
but l will repeat it,
During the period extending from
1870 10 1875 all parties We're promising
, me reservation OF bimetalism, but
the platforms were so ambiguous that
advocates of the gold standard could
De elected and then defeat any silver
legislation
Some claim to be in favor OF bimet :
aiiiSm, burt not in favor of unlimited
some claim to be in favor of bimet-
allism, but not in favor of the ratio Of
Is 10 /. "''' Vi
some claim to be in favor of bimet :
ailEm but not in favor of inGependont
action. ~
Alter the advocates of bimctallsm
had Dcen deceived again ana again b,
pretended friends OF the double stan
dard they found it necessary 10 sim
port an honest. explicit PLATFORM. and
TINS they did when six million and -
nall OF voters united in supporting the
demand for the free ana unlimited
coinage 1T the ratio of 1G 10 without
waiting for the aid or consent of any
other nation.
This platform said what I. mo,r
and meant .vf,vt il said
w hen nitn runs for office on sucl
4 platform that people know whore r.
ma him. there are no mental rosnrvo-
lions to deceive his constituents
Eimetaliism must be restored bv t,oss
| who believe in ii, and it must no re-.
stored at = fixed ratio. The rntio ot
| IL TO l mas the almost unanimous SIM.
port OF those who believe in indcncn.
| dent bimetallism.
MONEY TRUST BEHIND 1vDIrs.
| TRIAL TRUSTS.
There is no party. there is no crour
OF men. working earnestly ana dill.
gently for The restoration of bimet.
allism at any cther ratio. If the on.
poneHts of industrial trasts think thai
such trusts can be destroyed bv max.
Ing peace with the money trust. they
deceive themselves. Behind the in.
dustrial trusts stand the none,
magnets who defend the gold standard
To make terms with the advocates nj
the gold standard in order TO cente,
the fight against industrial trusts
would ALLEVIATE a majority of the sin.
| cere opponents of all private munopo.
lies without q CORES ponding gain from
the ranks OF advocates OF the gold
standard.
During Mr.. Cleveland's adminis,ra-
ton the gold Democrats were In con
troll. but the trusts were not interfered
with. Under the present Administra-
tiuh the Sold Republicans orc In com