, 1879-06-17

III KAN ~
tETTEn rKoM Mn. WILLIAMSON, TIE WELL
KNOW. R1-MErALL1sr or LIVERPOOL, TO AN
ENGLISH FRIEND.
SAX FRANCISCO, Cal, s June, 1870.-tSa,nHcl
Smith, E.g.-AfY DEAn sin: Since NY arrival in
the uuted States I have had many opportuni.
tics of discussing the silver question viii, !ntet
l[,tnt men OF business, anl with very few OK
cepilons have found them to bc roaui'teei Of
the t'etesstfy for the reconciliation ef s''ler on
fired ratio to gold. In otl!er words, thu almost
universal public opinion amongst businessmen
Is In favor Of bi.mctull!sm.
The appafcnt uuwillinspess OF the press and
Of tDnnv public men to declare themselves In
tavor Of our Views has resulted from MI over
sc1lstiseucss lest they should bs bjcetcd to
the stigma uostcred by the English press}
Ut desiring to pay their debts ia deprecated
mctat--pi virtually favorng rrpuatai!o,i-ant
Of playing tnto Lie l.aIIls OF the owpers Of
silver mines. Tic 4ccusatious hurled against
The advocates OF ron,onotization In tho Unit
cd States by our press-parL!a{ly re'erloca
by their owu-hayu largely acted rs dcterr ants.
They have conuueed TO TIC adoption Of very
Imperfect aud at!fted legislation no to tho COLI
ago Of silver, nn1 hass done much barm. or
late, however, here Us Ia Englam1, the public
sentiment In favor Of blnotallism IL carried In
IU EltEGL DY nESUEA kuC
tary powuFs, has yro~'s rapidly, n.4 mon nro
nut deferred ns they vera tgoEu aVoWlnE tllttr
opinious. Yuu lany have secn IN tic nawspa-
pcrs that ex.Sccrrtary McCu!loeti reecsltly
uyowel himself to bu d bl-nctallIat In tccturu
delivered tu llaryurh University.
have just sccn tho resolution Of the Directors
OF the Manchester Cnnlnbcr Ut Eolnnurrc. AMI
rcgrct to tl.t them in antagolssl to our views.
rec, however,, thut tlie Attendance Wh5 very
small wurn these adverse resolutions wure
adopted, md that the y1ows vi tho bantsins
fraternity havc prevailed over those which un.
sure hugely per''1ratc tho mercantile ind
ns Eo issoens natos q aro We Weak sS s
egottstic. Tho ilrst ignores tl1e wants ot
tic world and The practice OF nations Tor gener-
ations past to use both gold aIil silver as ts,olluy,
aud snDiy tukcs refuge In selfish n'stncticisnt
n favor u gold as the more yaluao.e ntetaI,
The sccuHl resolution Ia contradictory, hna to-
tally opposed to 1iie Rr9uthents allrcsbctl on
our rsde,-arGumenta whlell, 80 lar ls have seen,
1ayH not been u'et,-nnd tho thsr1 which speaEss
lightly Of tho evils va nru suffering from ns
simply d "tenlporary luconycnlenrt!h Is an !n-
suit to the coInmon senso Of merchants en-
gagged in trade with Rycr.using countries,-
Aiancnsstcr's lurgest customers.
Wa haYp nIycr maintained that tho full In
silver was III itself very disastrous, md tat \
rlsu in price was tho only tdca u. bs arlentty
pursued. At preesnt supposo ta rlso may 10
na.aucd Ia tlat tlieso fluctuations aru most ILL
furious to commerce, alA tat they cannot uu pre-
vrntetl Wills stlver Ii discarded money by tliu
lcatinE monetary Powers. TINY ea.i only bo
prevented by tue qoptlon ol bl-1ncta!iie teglaa-
Ut present IL ntolcsahle, aud uuat ha must dct-
rlmentai to our cotn1llrfcc. WAeh our
rDt1ntrv nn1 our coninerco are suffering 80 Il
ILLS QUO with a ,neasuro ol indignation to read
oi thcsc lusular Prejudlccs which nd 80 greatly
to the extatInG friction "t,1 tcd so sn,lcll ~ tho
prrpotuatlon and extension OF thu prsscut dis
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