condition of the problem to which it applies, and commends itself as the
best, if not the only, way out of our financial embarrassments.
II. BIMETALLISM EXTINGUISHED.
BY JOHN CLARK RIDPATH.
The article on "Bimetallism Simplified" by Mr. George H. Lepper is open
to one serious criticism: the title should be changed to "Bimetallism
_Extinguished_;" for, when the argument is translated out of its
sophistical form, that is its precise meaning. We are obliged, in such a
matter as this--even at the expense of courtesy--to break through the
thin film of plausibility, and at one stroke to lay bare what is in the
bottom.
It is a marvellous thing that they who engage in excogitating this kind
of double-meaning literature about bimetallism, should suppose that the
people can any longer be deluded with it. The agents of the money-power
and the fuglemen of the dominant political party seem to think that a
certain species of casuistry and complicated makeshift of argument can
still be forced into currency, as it has been in the past, and that the
great American democracy can be persuaded thereby to accept fallacy for
truth and thus to perpetuate the reigning Dynasty of Robbers. Messieurs,
you can perform this feat no longer.
Mr. Lepper admits in the outset that the McKinley administration is
doomed _unless_ it can provide the country with a sound and popular
system of bimetallism. As a matter of fact, a sound system of
bimetallism is simply bimetallism. A popular system of bimetallism is
simply bimetallism--neither more nor less. In this vital matter, the
popularity will take care of itself, and so will the soundness.
In the next place, we observe that if the McKinley administration
depends upon the adoption by it of _any_ system of bimetallism, then the
administration is doomed, deeply and darkly doomed, already. Let the
world know that the McKinley administration will not provide, and has
never intended to provide, the country with _any_ kind of bimetallism.
The administration has no notion of such a thing. It was not created for
such a useful and honorable destiny. It was created to prevent
bimetallism by treacherously pretending to be in favor of it. They who
created the administration, they who determine and will continue to
determine its action, openly sneer at any system of money except the
gold-based system of monometallism.
Mr. Lepper must be aware of this fact. Indeed it is to be hoped that
there is not any longer _one man_ in the United States so far gone down
the slopes of delusion and idiotic infatuation as to imagine that the
hollow pretensions of this administration in the direction of
bimetallism by international agreement, or by any other method, have
ever been anything else than cunning subterfuge and treachery.
Public-domain text, read in full here on John Shaqi.
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