The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1885-11-20

A1A - lY wv u Vl ID Il u
THE SILVER QUESTION.
Views or . Leading English ri
nancieF-
\ LOSDox. Oct ~ - While the election
are going on in England Il u almost idI,
70 try 10 get sight o. speech or anv acsiv,
man on any subject not actually preg
naot with votes The silver question
vast - its importance i to England and
Europe - we'll - The United Slates. doe,
not happen 10 Be just nov in that inter
esfing condition. and while IL Is certainly
engaging the attention Of thinking mer
daily more and more IL has got no hold
e yet upon the politicians. Mr.. Samuel
Smith Of Liverpool. : recognized a.
thorify in such matters, has' however
just made IN excellent speech q Black.
barn on the subject, which Il command.
ing vide and serious attention in The
northern and midland regions OF Eng.
land and the question will certainly g.
sumo practical importance - coon q The
hubbob Of the hustings l. over. A. shis
letter will doubtless reach you afier fhe
analogous confusion OF the electoral
period has begun to subside il New
York. II seems 10 me that en- taking
time BY the foreIock IN sending You The
following account OF : conversation had
~ me yesterday q the Bank OF England
with Mr. Riversdale GrenfeII, Who 4
well known both IN America and in this
country. mot only - : leading director
Of the Bank Of England. but = q accom-
plished and able authority on questions
n CerDuschi Of Paris, the unvearied
champion Of the French ratio and Of mi.
versal bimetsllism q Distinguished from
what be calls the "humpbacked biuIet-
aIIi-m.7 called into existence ~ the
great German blunder which Prince Biz
marck is now seriously recousidering.
mas more than once assured me that NJ.
GfenfelI . we'll - Ar. Henry H. Gibbs
must be counted as his converfs- think
Mr. Grenfell will hardly admit thiS emo
am sure thst Mr.. GrenfelI Il NOT likely
70 60 ell the Iengths Of HE remorpeIess
logic on the subject with n. Cernuschi.
lou can hardly expect : cool, clear.
headed and conservative English fiuan. .
cier 10 look q such = theme With the
eyes Of phiIosophic Italian radical. - ho|
fought TO keep Pope Plus TX and the
French Oudiuot out OF ROME In lBso!
In reply 10 my question whether Re
thought England bad done or was nov
doing what she ought 20 do TO help the
United States ID the readjussment Of che
financial and cosnmerciai affairs Of the
void. dersnged BY the unwise action of|
6crmany IN regard 70 silver, Mr.. Gren-|
fell said:
Il think America. n you vii alIowI
me 70 cay 20. Il rather unfairly impss5en,
,f the actual attitude OF Great BrifesipI
n regard 20 silver. and I think Won nav
'i'ow me % ssy this. because for manv
'esrs past ! have Ien nothing in myI
'ower undone 70 show that bimetslIism' 1
4 nxed ratio il not only actually e.
entiaI TO the stability Of trade. but per
rcfiy prscticstIe- You know that n!
ave always done whatever could tol:
ring about an internsfiouaI srrsn9e- X
aent on these Iines- IL nov say thssIs
he United States are rather UNFAIRLY Ic
inpatient. IL IL not because think En1-I
'nd has done al that she could do orI
erhap< all that she ought to do: II isIs
ecsuse the British empire. copsideredl0
. whole. has 0one much more fh@nIs
~ c'her nation. excepting France. too
'pport silver in the currency Of the,u
orld- Although silver Is not legal ten ip
r IN England. il il not only legal ten III
=. IL u absolutely the only legal tenderIC
our great Indian empire. India forIIl
any years coined freely more sh.n 10
e whole annual output of silver. endIo
d'a y even now annually coininx'
ore silver than IL conined 1. the Until
q Stsses uEder the provisions Of the Z
and bill. During the last decade Io-I..
: has coined more silver than che has !:
ported There can be no greater mis- u
Ee than 20 suppose that the BritjshI "
'pire is not doing greet deal to sup- :
rt silver Not only lave " in theI,
e given this solid and suhsfansiaII~.. :.
pport to silver, we offered TO pledge Il
rseives not 70 demonetixe silver IL In- ~
Tor ten years IL other nsiious vonId IN
me 70 % agreement with ~. I dol
think that more than this can b.Im
riy asked Ofus IL The present aspecsIrl
the silver question. IN,
What ifsshe United Sfaies.- I "a ~
'ould 50 the length Of demonetizing Iro
That STEP replied Nr. Grenfell. sI|hi
'eve % Dc quite out 0f the question. Ihs
- could you do with your silver az
{ only would every silver mine n
aerics Be elosed. but it would b a.
uteIy impossible for you % sell sne lth
puuO,O0O Of silver which you have si(
ned 4 would Be impossibie for Won lth
ell this coin Il will not ~ without IN
'ss, out . sll. Where could Il 70 |? HI
. would buy ~ For what produce |yo
ndis could you exchanged Il? EuropelTr
'ainly will not buy dollar oft. SeIl- lmt
presupposes buying. Before Won canI Ca
any commodity. you must find ~
er for L. Again, II you could de- :.
'etixe silver in the United Ssates. the % O
g Of silver would fall. and - the "a
2 o. silver fell, the trade exports erI
India 70 Europe would b siimu- ~