The Forrest City times., 1893-09-15
nAaFouR ON BrMErAtLrsM.

Lct tuCu iCup.
 BAaFoUR ON BIMErALLIsM..
 Tho following is ar extract from the oft mentioned speech of Hon. A. J. BalEour, the English Conservative leader. in favor of bi- metallic standard:
 .l have heard it stated that those who go in for dcnble standard desire an inflated cur sencv and by a process of imitation artifcially ep raise prices. I am not coHeerAed to deny That Possibly in the Western Srx1es of Amer ica there may be body of opinion of some in' portance on which this criticism may truly be passed But I most empSatically assert that a is not true of any body of opinion in this country, We desire that we should hrd the most suitable measure of value praUficabie and possible though have no hesitaslon now n, asserting that if you cannot attain this ab- solutely theoretical perfection it is better Tor Che community at large that the standard should be depreciatirsr rather than appreciat- Ing. Standard stabiiiry is the idea, but II IL cannot be. Seschetl. the worst alrcrnation or All is that your standard should be a steacily Appreciating one.
 ..If that proposition be granted, ask wheth- CT you think it probable, or even possible that a general single gold standard should satisfy this requirement. of stability. or at all events satisfy it as m rch as q double standaF&2 As- sumine 2 &oublosta n dars possible. do you not ehink that the requirements of stability would Be better attained by 1t than by tho mainte' nance of single gold standard
 ..Surely if it can be shown that. as regards ms stability its accessibility. its internation- ality. a double standard is incontrOvertibiy better than single standard, and that the evils which follow from single standard are Aot obscure and theoretical but menaclng and insistent. touching every interest and every class. 1 have st all events made out a strong prima facie case, which every man should honestly examine for himself. Wheth- erpopular objections to n double stand~rd arc or are not well founded, it appears that there Alas been nemesis whicH has followed upon extreme adherence to what they arc pleased Vto describe as orthortscu doctrine
 II appeal to that portion of my audience whose minds are not yet made up on this ques tion to reflect neither of all subjects in the world which deserve international treatment that of the currency does nos stand in the tery first rank.
 II urre them to consider whether we car afford to lose out of circulation in the worlt
  now does duty in oilng the wheels of com merce Whether we can contemplate with out absolute terror the substitution of Il golt standard throughout tine world for the silver standard which nov covers so large part O it?
 "I ask, whether they do not think that tn, great preponderating opinion of tho city O. London ought to be thrown into the scales oi i,,fA on n a tlernent of this vast problem and the estab Hshment-I would not say of universal bi inetailsm. for that, would believe unneces sarxr-6ut of some system under which every great commercial community throughout thu world would contribute it's share. at all event. ,o maintain the stability of the value of sil yer ?"
 There is no doubt that Mir. Balfour speak for very large and intelligent body of pub lie opinion in England. The boasteri concur renee in favor of gold must be taken witt large grains of allowance. There is evdentl. preparing tremendous revolt against tn rule of the single gold standard. Gold mono mctallism has not brought about that stead ness and stability of values, that strength O confidence and credit which its advocate have claimed for it. Mir. Balfour's languag IS none LOO slIODS Wucu nc Sptuho Vi 'hc SUI stirution of gold standard throughout tn world for the silver standard which covers s large a part of it us something to be cOntem plated with absolute terror. Some of tn ablest advocates of the single gold standar have admitted that the sudden adoption c the gold standard ity the leading silver usin countries of the World would cause trt mendous and runous rise in the value o gold. But they have assumed as Prof. JSvon did, that China and British India would cor tinue to use silver exclusively. Yet we hay seen that India has suddenly turned fror the silver to the gold standard. and unles there should be reyulsion we may expec China to do the same. We are thus face [ face with the condition which the ablest an fairest of gold standard advocates have sai would produce revelation in the value o gold. entailing widespread and immeasurabl disaeter From the probability. lay the eel .ainty of such disaster, thoughtful men ma. well shrink back appalled,
 LADki.S
 Needing tonic, or children who want build