People's Pilot, Volume 6, Number 14, Rensselaer, Jasper County, 24 September 1896 — Prince Bismarck For Silver. [ARTICLE]

Prince Bismarck For Silver.

Governor M. A. Culberson, of Texas recentlv addressed a note to the great German statesman, Prince Bismark, asking his opinion as to the best policy' of the United States on the great question, free coinage of silver. The foiling are the two notes in the correspondence: Prince Bismarck. Sir:—The great question of finance is now of importance to the people of the United States.,It is presented in various forms, but in a general way it may be said to bs, first, whether the United States shall adopt the single gold standard, or, second, whether they shall adopt bimetallism with both gold and silver as the standard or primary money. The argument in favor of each is well known to you, but it is particularly insisted that we should not adopt bimetallism because such a standard will still furthur depress the values of all property. Which, in your judgement, is the best policy to adopt, the gold standard or bimetallism? Give your reasons. What effect, in your judgement, will the immediate adoption of bimetallism in the United States have on the cause of bimetallism n Germany »and other commercial nations? . (Signed) M. A. CULBERSON. • Governor of Texas. In reply, Prince Bismarck said: Friedrichshruhe, Aug. 24. Honored Sir:—Your esteemed favor has been duly recieved. I hold that this is the very hour that would be advisable to bring among the nations chiefly engag ed in the world’s commerce a mutual agreement in favor of the establishment of bimetallism. The United States are freer by far ir their movements than any nation of Europe, and hence if the people of the United States should find it compatible with their interests to take indepenpent adtion in the direction of bimetallism, I cannot but believe’ that such action would execute influence upon the consummation of an international agreement. , (Signed.) BISMARCK.