Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-02-09
Highest Of an in Leavenng Power attest u s Govt 80
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ABSOLUTELY PURE


take pleasure in reviewing this PAM
phlet and presenting some OF the argu-
ments and figures with which it teens.
To-day our business is with the remark
able change that has taken place In
British sentiment during the past year
or two-a change that now threatens
to destroy the monomefallic system
which the gold monopolists OF Great
Britain have been fortifying and
strengt gthening fer seventy years.
The London Contemporary ReUieac for
December contains an article from the
pen of Professor HI. S. Foxwell which
describes clearly and accurately the
present state of public opinion in Great
Britain. The first serious proposals
for the restoration of silver to its old
place in the currency come, as was nat
ural, from India and from Lancashire,
where the people were first to suffer
| from the results of its domonetization.
Next the agriculturists joined in the
movement, and now, Professor Foxwell
says, it is supported by the great bulk
of British business men having dealings
| with silver countries, by the trades
union leader, by the majority Of econo-
mists, and by not few of the leading
bankers and highest financial anthori-
ties of Great Britain.
The movement is proceeding in an
orderly way. After a three days de-
bate at the Manchester Chamber OF
Commerce, the meeting declared in
favor of international bimetallism by
the largest vote ever cast in the cham
Der. Other chambers have taken ac-
ton, notably the chamber oi Edinburgh
and Leith, which resolved unanimously
in behalf of international bimetalism,
and the East India and China section
of the London chamber. The leaders
of the working classes have also joined
in the movement. The Bimetallic
League. which has twice sent deputa-
tions to the Salisbury government,
numbers among its vice presidents
about one hundred members of the
house of commons, and its membership
is increasing every day as the pressure
of facts serve to make the meaning and
necessity OF its policy more clear.
In the course of his article Professor
Foxwell makes some remarks in regard
to the attitude of a small group of Lon
don editors fit admirably the attitude Of
the little groups in New York'and Bos-
ton. He says:
| In short, the opposition to the bimet-
allie proposals in this country, 50 far
as 1t is really active, is confined to q
very small area. It is common to say
that the city is dead against any scheme
/ for remonetizing silver. But the rum
/ corous and unintelligent hostility which
claims to represent city opinion APP
pears really to represent only the views
of a small group of city editors. Their
opinion is of great weight with the
general public, to whom it comes with
all the authority of the great journals
to which they contribute; and it is the
more effective. because, with q few rare
exceptions, these journals are closed to
answers from writer's on the other side,
even when these writers occnpy the
highest positions in the world of poll
tics and finance. But the real opinion
/ of the city of London has no authorized
organ Of expression. So far as It can
be gathered from public meetings and
from responsible statements by men OF
high official or business standing, the
expert opinion of the city seems to be
/ at least much divided upon the ques-
ton, and always inclined to treat it
with q gravity and good sense for which
we look in vain in the city articles CT
the leading papers. It is well known
that some of the most experienced di-
rectors of the Bank of England are
avowed bimetallists, and that the diff
cult aud critical character Of the pres
ent monetary situation is thoroughly
recognized In the bank parlor. Refer
ence has already been made to the
| views of the India and China section Of
the Chamber of commerce. There is
an active branch Of the Bimetallic
League in the city, under whose aus
pieces bimetallic resolution was car
ried in full meeting at the Mansion
house, with mere handful of dissent
tents. It is still more noteworthy that
the president of the Institute Of Bank
ers, in his recent inaugural address,
spoke verp strongly upon the necessity
of the restoration Of the par of exchange
between the metals. e.The silver ques-
ton, he said ..earnest1y demanded
some reasonable adjustment and settle-
fment. The British empire acknoWl-
edged in some parts . gold standard,
and it appeared to be almost truism
to say that these two standards, II they
were b@th to be preserved, should Be
brought into harmony. The existing
system. or rather want Of system, Was
linconvenient and injurious to the mer-
chant to the private individual, and
Indeed to every class Of the commun-
| lity, since the conflict of the standards
tended to introduce risk and uncertain
Iity that could not be estimated and cal
culated into the ordinary transactions