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.
The politicians who worked out the St. Louis platform knew what they were about. They knew that they were creating a hypocritical document with which to deceive and ensnare the American people. They fixed their net and made their haul. They succeeded to this extent—that they elected their ticket and gained possession of the government. Lo, the day of judgment has already come! Now, in the endeavor to postpone the judgment, they prepare arguments under captions that have a friendly sound but are at bottom bitterer than cassia and more mockful than the laughter of Mephistopheles.
The next stage in the policy of these gentlemen is to invent something that shall seem to be bimetallism, but is not. This something they seek to palm off on the world and to distract mankind with it until the money sharks who are chuckling behind the gold-vaults of two continents shall be enabled, in the confusion and mêlée, to shuffle off to covert with their incalculable loads of booty.