The Wilmingtonian., 1886-02-13
Silver Money.

glauu anu the United States favoring an in
| ternational bi-metallst union.
What do the gold men say to this five
remember rightly they have been dinninp
INTO our ears the reiterated assertion that
Germany and England are entirely unfayor.
able to bi-metallism, that those countries
want only mouo-metal gold standard.
Facts are stubborn things, and are of more
value than reams Of one-sded ex-par clam
or. 1t must be remembered too that the
Bank of England, through its Directors has,
recently, spoken in distinct terms in favor
| of bi-metallic standard.
What new theories for the destruction or
our silver currency the gold men will now
trump up it is matter of uurious interest
to look for. Their great argument that an
equal standard of gold and silver is destruc-
tive to the commercial interests of a country
looks to be in some danger
The facts are these tiat the New -Yorl,
press, hedged in and thoroughly permeated
by the monied and capitalistic influence that
surround and overwelm it, is purblind to
the general interests of the country. The
great metropolis is the clearing house of the
United States. 1t is more of a moned GEN.
tire than manufacturing or trading one. IL
is the commission warehouse Of the country
lts main business is in monied interests, in
bonds and securities in banking and brok-
ing, and commission. 1t handles the great
mass of products of the country as the mid
dleman or commission broker. Consequent
ly its greater interests or the large mass of
them being of a certain definite phase will
partake and demand, naturally enough, pro-
lection and special solicitude in that direc-
tion. In other words the monied interests
must be specially favored even at the sacri-
fee of the general business interests of the
great masses of the people outside the metro.
polls.
1t is of significant interest to the enter
prisiug merchant or manufacturer outside
of Wall street that any money loans he may
need from time to time in the course of bus
iness be not charged to him in exorbitant
interest. A single gold standard means
THAI and nothing else. 1t is an unavoidable
result that money becomes dearer immsdiate-
ly one single precious metal becomes the
standard. There is no actual possibility of
silver becoming the single standard and the
cry of fear that it is possible of being so,
Diade by the Wall street capitalists, is SIM
ply lacking in all truth and is no more
thoroughly known anywhere than in Wall
street. The silver outry is maintained by
The bankers and bondholders in order TO
nstl into the public mind the belief that we
lre overlooked and will soon be overwhelm-
I'd with silver, thereby causing a rsa ction, or
hoping for such result by which the public
mind, whijh is often naugbt but weather
'ock, may rush to the opposite extreme, in
he panic, into the arms of the gold men
hus creating a sentiment in favor of gold
But there is no practical danger of gold
being driven out of the country. We were
never in all the nations history, taking all
commercial facts worthily into considera.
ion, so well stocked with gold either actual
. or relatively. Trade indications do not
how any probability of the gold stocks de.
'rease. The infinitesimally small shale of
'ur bonds held abroad (one.tenth of one per
enD can never influence it. But, all the
anne, it is true that gold is tied up, and
lightly too
But by whom? Not by foreigners
Those who have tight grip upon the mil
ions of gold in this country are our own
bankers and brokers of Wall street who are
ocking it up in the hopes of rise in the
price of gold, which rise is based on the
speculation Of the result of silver panic,
which these very men have been trying to
,reate by the falsest statements. To test
.he question. Who will gain by single
gold standard-Wall street. Who will
ose--the enterprisng business and trades.
people of the country who need money from
lay to day to keep people at work The in
operative banker or orcapitalist sits in his arm
chair interviewing the various business men
md manufacturers who come to him one
'fter the other for loans. 1t is this class OF
business people who keep the
rade of the country alive. 1t is they also
hat take all the risks, not the banker. The
after would not lend cent except upon col
ateraI security. If loans are not to be taken
,ut by these manufacturers and business
men ON account OF the high price of money,
hen all business throughout the land may
is well at once stop. But if money is cheap
hese business men can see their way to
work again, they will be enabled
o discern some margin of gain between
working expenses (ineludihg bank dis
,ouut) and selling prices.
A Diet Kitchen.
n. ;...;..ai.. r . IL. t:.-t -.