The Wilmingtonian., 1886-07-31
Some Points to Clinch On.


In the debate in the Senate, Saturday last,
on the Sundry Civil bill Senator Beck re-
ferred to an animated discussion in London,
July Sth, upon the silver question, when some
Of the most prominent London bankers
freely expressed their opinions.
At the close Of the meeting upon vote
being taken a resolution was passed that to
remonetize silver means greater prosperity.
The opinions of these men, as given below,
should be known by all intelligent men.
The statements made evolve facts of strange
and strong import.
The Senator quoted as follows 80
" An important meeting Of the British and
Colonial Chambers Of Commerce was held
yesterday at which there was an animated
discussion Of the silver question and its
bearings upon the commerce of India, Aus
tralia and Great Britain. Mr.. Henry H.
Gibbs, ex-governor of the Bank Of England,
opened the proceedings by strong speech,
showing the worldwide Importance of re-
storing the monetary value of silver. Sir
Robert W. Fowler, NJ. r., Il London
idea in a speech which was feeble in compar-
ison with that Of Mr.. Gibbs, and was fol-
lowed by two Indian members.
"Both Of these contended that the effect
of the depreciation Of silver must be finally
the ruin Of the wheat and cotton industries
of America, and the development Of India as
the chief wheat and cotton exporter Of the
world. They, therefore, protested against
England's aiding America to restore the
value of silver at the expense Of the interests
of India.
"Nlr. Paul F. Irdman, an East India mer-
chant, argued that England had other inter
ests besides those of India, which stood
sorely in need of the restoration of silver,
and trusted that Mr.. Gibbss ideas would be
adopted by the meeting.
"Mr. Crump, Of the London IImcS dc
nouuced the agitation Of the silver question
as the work of the silver miners of Nevada,
and their allies, the Washington ring.
"Mr. Moreton Frewen opposed Mr.
| Crump in strong speech in behalf of the
farmers in the West and the planters in the
| South OF America and a resolution was
passed by vote of rs to l5, amid great OK.
citement, debating that the Iemonctizatior
of silver would relieve the depression under
which trade is now staggering. The meet
| ing is regarded as highly important, and its
influence upon the coming silver demonstra-
tion in Lancashire must necessarily he very
| strong,
/ f,,t l,n .,l,
important facts that definitely project them
| selves upon our consideration. They strike
us forcibly simply for the reason that they
| proceed from a direction not hitherto
brought under the gaze OF the average Amer
lean who has been surfeitcd al aduscam by
the strife and cmbittermcnts arising in the
discussion Of the silver question al home,
Here, the inside, domestic Solicitudes Of
| England's colonies are laid bare. Upon
these facts as nucleus Of argument we can
stand
Here, the position Of India, Americas
strongest trade and commercial rival, is
clearly defined. And it is plausible enough
for any intelligent American to see the logic
of an Englishman caring more for the bust
ness success of Britain's greatest dependency
with its 80, 1000 inhabitants, than for US, ,cit
zens of the United States of Ameriea-a for
| eign nation.
This is all easily enough compreheudcd
1t means true, straight business upon the
part Of England, and nothing less as regard
/ us.
But another speaker Mr.. Irdman, wide
thinker, whose mind is far more comprehen.
sivc than the first speaker, says: Engla NJ
has other interests besides those of Indi,
which stand sorey in need Of the restoration
Of silver"
Now, if We have any comprehension 0
Mr.. Irdmau's implication it is this-that Ii
referred to that share of England's foreig
trade which is carried on with her create S
customer, that is the United States. Tha
the restoration to the bi-metalc stan1ar,
would be of that nature of advantage il
Engiand's trade with America that it woul,
restore England from her present conditio
of business depression to the needed one O
busy manufacture and trade The poiu
being that although India deserves the at
tention of British iinaneiers, the condition q
the home trade in England, or that more i'm
portant share of it, between the Unite
States and England had paramount claim
even over those of India