Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1892-11-23
Hdlker Lake Bulletin.
Official Paper of Bsmeralda County.
WEDNESDAY -. NOVEMBER %. 1892


by the Mayor of Manchester, Eng
land, and supported by the Right
Hon. A. J. Balfour, the late Con
servative leader in the House of Com
mons, was unanimously adopted at
recent monster meeting of mer-
chants and Others belonging to that
city. which is one of the most i'm
portant man lfacturing centers of
Great Britain
That it is tho opinion of the citizens of
Manchester in public assembled that the
exceedingly unsatisfactory condition
of our productive Industries, and of com
merce generally, Is largely due to the APP
probation of Z I'D and the violent nuctua-
ton and uncer aanity of exchange between
gold standard and silver standard coun-
tries, that the best and most effective
remedy would be secured by an agreement,
on broad international basis. to reopen
the mints of the Lending nations of the
world 10 the unrestricted coinage of both
gold and silver, and that TO that end Her
Majcsly's Government be earnestly re-
questcd 10 cooperate with other nationsa at
the forthcoming Monetary Conference to
secure such an international agreement"
Mr.. Balfour in support Of this
resolution, dwelt mainly on the point
admitted by the mono-metallists
themselves, that the English standard
had appreciated in some ID or 16
years no less than 80 or 35 per cent,
and monetary standard of which
that could be said, he commended, did
not fulfill the very elementary quail
tiles required of it. OF all conceiv-
able systems that was assuredly the
worst which gave standard steadily,
continuously and indefinitely appre-
ciating and which, by that very fact,
throws burden upon every man of
enterprise who desired to promote
the agricultural or the industrial
welfare OF his country, and which
benefits no human being what yer
but the owner of fixed debts in goa.
In the course of his speech Mr. Bal
four said he considered the question
was pressing, because it was impos-
sble that things could remain as they
were. If move was not made to u
better system, only worse state of
affairs could be expected. Austria
and America would not go on as
they were and India could not, the
difficulties thrown upon the finances
of the latter country being almost
overwhelming. In conclusion the
speaker expressed the firm belief
that the b;-metallic solution was pos
sible and adequate. When an ultra
conservative politician like Balfour
Expresses himself in such an Off
hand manner, and before such an i'm
portant gathering of representative
manufacturers of Great Britain. it
Can be taken for granted that he
means what he says. 1t shows, too,
very clearly that the question has II
most serious bearing ON the CONNER
cial interests of nation, dependent
largely for its prosperity on trade
with foreign countries where the
rates of exchange regulate the bal
ances OF profit and loss Englands
necessity in this case will prove to be
Americas opportunity, and further
than an expression of acquiescence
in any favorable arrangement which
will undoubtedly be made at tine con
ference, there will be little need for
any special efforts upon the part of
representative from this country