Show GOLDBUG LOGIC henry clews oo 00 e s financial circular of july oth says the unexpected action of the senate on free coinage may disturb foreign confidence in oar our securities cause them to ba be returned home and correspondingly spon damage oaf financial relations ione with europe and augment the current exports ot of gold the danger of derangement in this direction says this goldbug argument arian arlan ia is the greater from the fact that europe eo so little understands the political aspects of the silver movement in this country that it fails falls to appreciate the force of our eastern hostility to frea fren coinage and the certainty of its ultimately converting national opinion to a sound policy and also that there ia is a section of the london press blindly committed to disseminating the worst possible constructions of the vagaries of our silver faction more intelligent or more candid consideration of the erratic doings of our allver fa fanatics natice would eave save a great deal of needless disturbance of investments and equally unnecessary derangement derange meet of the foreign exchanges it may suit borne same european banking interests to have matters take this course when they are BO so inordinately anxious to pila pile up gold from whatever source and when they are apprehensive that tha the forthcoming monetary conference may commit tho crime of being the means meave of restoring to silver somewhat of its lost status as one of he the essential money metals of mankind it might however be prudent for this same banking power to reflect upon the fact that no matter what political influence may be bright into play president Pre aident may way be expected to veto any and every form of free coinage which ia is not riot international ia in its scope and that the next president bo be be he mr me harrison or mr air cleveland will equally protect the country against any merely national free coinage for five year years tho therefore the country ia Is eafe safe against this danger and nd at the expiration of that time timet the heresy will have found ita its destiny in the limbo of exploded popular fallacies what is ii here termed heresy anda and a popular fallacy is the being made to restore silver to its rightful place as a money metal and a return of the united states to true bimetallism that effort will never cease until justice be done there is much to hoped for from the action of tha the international monetary conference eoon soon to be held at this writing it does not seem probable that the senate silver bill wi wl I 1 ba be taken from the calendar ot of the house |