The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1893-01-06
The alOnetary Congerence.

Senator Morgan of Alabama, being
interviewed concerning the Allison in
terview, said: II see that the dslega-
ties from the twenty powers represen-
ted have adjourned untilMay. What
they have accomplished beyond getting
getting acquainted with each other is
best expressed by saving nothing at all.
In the very nature of things it could
not have been otherwise, and will not
be otherwise. England, with conti-
mental countries under her monetary
paw, stands in the way aud will con-
tinue to lead all. Progress toward a
reform of money matters between ma
tions seldom interests her. OF course
she has a good thing, and does not in
tend to let it go.
.For fifty years this country has oc-
cupied toward England the position
which the new towns of the west oc-
cupy toward Boston and New York.
To build our railways, dig our canals,
establish lines of carriers on waters,
open mines, fell forests, in a word, to
boom the nation and force its Develop
ment. we have borrowed English CAPT
tai. l believe it would be inside the
truth to say that one-half the corpora
tions of the United States, formed I'M
der our statutes and operating under
them. are the creations and creatures
of British capitalists To begin new
enterprise, our men have sold bonds at
far below their face value to our cousin
across the water, interest must be paid,
and dividends upon stock must be paid.
every fall you will notice when
our railways start a new deal with the
new crops to haul. there is tremend-
Gus drainage of gold from America
caused 10y English demands, and re-
sulting in great congestion of our
finances. England will not take our
silver, saying: we do not want it, it
is deprecated. Your own legislation
has debased it. She will not take
our paper for the Same reasons. She
will not even take our gold at its
stamped value; it must be shipped to
her as bullion and weighe against the
sterling standard, as England herself
does not issue any pounds sterling.
Those people simply ask and we COM
ply.
They fix the conditions and we
bow to them. We have never yet re-
fused or failed to meet their demands,
having a practical monopoly of the
gold of the world save, that produced
IN our own country, regulating its pro-
duction in Australia, in Africa, in
Canada, and reaching out fer the
mines of Venezuela. Fixing the price
of every commodity shipped to her by
her own gold standard, she thus main
tains the price of gold. England is an
enemy to silver, and always will be.
The scheme of the Brussels con-
ference TO fix an international ratio
between gold and silver, % many
grains of silver shall equal so many
grams of gold, was, to borrow the
phrase of an cx-colleague, 'irridescent
dream. There is upon the continent
of Europe but one considerable power
which is not under England's domi-
nance, and that power is France.
That is nation of frugal, industrious
producers, whose government has been
wise enough to furnish them with Il
sound, staple silver currency, sufficient
for thier needs.
"There never has been any question
of its worth and there never will be.
When the Barring Brothers went I'M
| der, the bank of England was COM
PEELED to borrow money from the bank
of France, which had plenty to lend.
do not wish, to say anything harsh
about anyone. but I've not been con-
vinced that the Brussels conference
was intended to amount to anything.
1t looks suspiciously like move to
delay the rehabilitation of silver. AS
for me. my position is well known. l
hope to see the day when silver will
! be placed in the position which it oc-
cupied from 1892 to 1873 During all
those years there was no doubt cast
upon Its value as medium of ex-
change. There was no clash between
it and gold.'
XuLcalI 60 Ahanh