The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-11-01
Some Good Points.

Senator Hansbrough of North Da-
kota took ground against the de-
monetization OF silver: and thereup-
on the whole array of republican
dogs.-"Tray, Blanche and Sweet
heart" with the NANCY Pioneer
Press at their head,-began to howl
and snap at him. But the Senator
comes back at them in lively shape.
Here are some valuable extracts from
his speech, which will bear careful
reading:
cit was not the $5OO,OOO,OOO of
silver our government has purchased
that caused the late panic; nor will
the sessation of silver purchases
bring prosperity except to those who
control gold and are in position un-
der laws enacted in behalf of gold to
force the debtor to pay in in
creased measurements Of products.
France, with 38,O0O,OOO people, has
500, ,OOO, 900 of silver in use, and there
is no panic in France. The United
States has 68,OOO,OO people and only
$500 ,OOO, 900 of silver in use. There is,
therefore, no honest or intelligent
reason for the Wall Street scare.
When her gold is Shorthand it is
short most Of the time owing to the
general scarcity of the yellow metal
France redeems in silver. Silver is,
therefore, a part of the money of
ultimate payment in France. So it
should be in other countries, and in
stead of s., 600, ,OOO, 900 of basic money
(Which is the amount of the worlds
gold) there would be nearly $8,OOO,-
OOO, 600 of basic money if silver was
called to sustain it's share of the bur-
den of redemption. Instead of $3.50
Der CAPITA of redeeming mOnev, as
now, there would be 1888 per capita
Under such system the prices of in
ternatiOnal products would be en-
hanced at least so per cent, and the
NOrthweste wheat raiser would
have something more encouraging to
look forward to than mere day labor
er's wages.
But England, the great creditor
nation of the earth, will never agree
to use silver on a par and as a re-
deeming money with gold. Baron de
Rothschild, who directs England's f.
nancial policy, SO declared in the
Brussels monetary conference last
November, and all doubt upon this
point was removed a few weeks ago
by Mr.. Gladstone, who, in speech in
the British house of commons, af-
firmed the we'll known position of
England by declaring against bimet-
allism and openly espousing the sill
yer gold standard as the permanent
and Interchangeable policy of that
country. 1t was this declaration of
Mr.. Gladstone, coupled with the
avowal of Baron de Rotoschild, that
caused the strong line of demarka-
tiOn to be drawn between the gold
standard and bimetallism in the sem
ate. Many senators who had hither-
to favored repeal because they felt
that England might be thus moved
to favor an international agreement,
realized that, after this declaration
by Mr.. Gladstone, the crisis had been
reached, and that the battle of the
standards was on; that it was con-
flict which must be determined with
in national lines first, to be dealt
with as an international question
when England shall cease to play the
role of fthe financial tyrant. A solemn
conviction is taking possession of
thoughtful, patriotic people that
England must be forced, by the
necessities of her commercial situa-
tion, to consent to bimetallism. She
cannot be coaxed. She will never
agee to it so long as America will en-
act such laws as England wants or
repeal those which are obnoxious to
her.
Directly in line with the question
of wheat prices, there was signifi-
cant sentence in the speech Of Mr..
Rothschild at, the Brussels confer
ence. 1 will quote his exact Ian
guage. Speaking of the claim made
by bimetallism that the fall in the
price of silver has brought about
corresponding decline in the prices
of international commodities, he.
said:
ssThis may not be the case; but sup
posing it to be correct, I am not pre-
pared to say that it would be q mis-
fortunesfor England or the world in
oeneral,nOr dol share the Opinion Of
0nJsKnir EAfcfi nU111ahnd aYnnn@ySta Of