Arizona silver belt., 1889-07-27
BimetaIisyn in EnQinnd,

| Commission on blmetalllSm has led to q Parliamentary debate of sufficient importance to excite comment m the English newspapers. The commission seems to have prosecuted it's inquiries with great thoroughness, though 1t fails to fix upon a remedy for the dis | tempered relations between the money metals. But some parts of the report seems to us highly suggestive, and not the least so where the statement is made that tue beginning of the dis temper and the abolition of silver coinage by European nations in 1873 and later were pretty nearly eoincl- dent. The English blmetaliists held that the maintenance ot the single gold standard in England has wrought great distemPer in the finances, and IS gradually impoverisblng the agrieul- tural and middle classes at home But this depression has some compen- sation in the decline of silver, which potent factor of trade in India. The fact that so long as the bimetailic standard was practically in use the l5s ratio was maintained seems con clusively to show that the real remedy lies in a restoration of tue status quo. At this point the commission divided in opinion while admitting the fact stated. One party holds that bimet- allism is the probable remedy, and the other shrinks from applying the rem edy because England is beyond all others a creditor nation. The fear is lest the restoration of silver to its cid ratio may decrease the purchasing power of gold To creditor and sin gle.standard country this possibility is, of course, formldabls But, if all reports be true, the appreciation of gold has been steady for many years, and the decline in prices has already distempered productioa and trade to a degree that indicates practical paral- ysis. The great producers of England are spoken of as men In great straits. None of the great plants is returning more than to , per cent, on the cap llal invested. Production langnishes and trade Is slack on a narrow margin of profit. Tn view of the situation in England it i> interesting 10 note that some of the advocaiea of hnetallisM suggest resort 10 silver coinage and silver certificates as currency. No. body on this side questions the fact that the issue of such currency here has averted the distemper that was predicted when we rcsoried 10 com pulsery coinage of silver. The fear arose out of belief that silver would not circulate from hand freely, and must, therefore, result in q sort of lookup of funds. IL wus clear enough that ii we purchased what wenli moi circulate with what would circulate in tine channels of trade, time must ar rive when scarcity of currency would precipitate crisis. }nt the ;ssHe of certificates from a dollar up- ward not only kept the entire gold and greenbaek currency in hand, but added as much to the volume as tue difference between the bullion and legal.tender value of the silver coined. In order to comply with tho law, we have bad to coin mere dollars month ly, as silver declined in price. And nearly all of this coinage has passed into the channels of circulation Tn the form of certificates. Of course this means imitation, bueso lcng as inha ton barely keeps pace with develop ment 1t portendS no evil. Undoubt- l edly 1t does keep down the price of money; but that is not wholly an evil, at least it is the reverse of an evil Tn the opinion of borrowers, and, as all men are borrowers ia some form, not many can complain of the cheapness of money. It would be singular If England should find 1t necessary to coin silver and issue certificates iu order to arrest the decline of its indus tries. Philadelphia North American.
 
 The Southern Pacific Company has commenced work on the cars to be used in the new "Ualilornia on Whealen eyhibit which fbe Gfaie