The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1893-07-25
THE SILVER QUESTION.
LETTER FROM a BINIETALLIST OF
GREAT BRITAIN.
Indignant at the Action of the Indian
GoVernment-Americ Looked to
as the Hope of Salvation.


Special to the RECoRDUNIoN.
New YORK, July 24.-Richard Lacy has
received letter on the silver question
from Richard Everett, NJ. P. Cable re-
ports of the proceedings of Parliament
have mentioned Everett several times as
| interrogating Gladstone. Everett's letter
is as follows:
The feeling of many friends of the free
coinage of both metals in England, both
to be full legal tender is strong against
the action of the Government as to India.
"First-Because it has taken a step of
worldwide Importance without consult
ing Parliament, though Parliament was
sitting at the time.
''Second-Because having in the early
part of the season Indignantly denounced
'tampering with currency it has now
tempered with it in a way that rests upon
no principle, and that will adversely af-
feet the dumb, helpless millions of India.
"Third-Because it did all it could to
Illustrate coming to an international
agreement as to silver and gold at Brus-
sells, while it now seeks to carry ont
bastard bimetallism between India and
England by their joint action alone.
'Fourth-Because having rallied at the
folly OF the idea of attempting to fix an
artificial value for one metal, it is now
aiming to do that very thing.
''Fitth-Because further new demand
for gold will be created by what is pro-
posed, so artificially further raising the
value OF that metal, and by the conse-
quent forcing down of the prices of COM
modities, to the further depression of in
dustries, and adding to the burden of all
debts.
'Sixth-Because new difficulties will
be created between India and China.
Japan and other silver-using countries.
Seventh = Because the new policy
tends to restrict the supply of money IN
stead OF leaving it free and automatic.
I'VE look anxiously now to see what
the United States will do. We earnestly
hope that free coinage at the same ratio
will be Americas answer. The supreme
aim of the moneyed classes and the Lon
don press is to restrict the supply of
money so as to enrich the owners of it at
the expense Of the raisers of produce and
the owners of land and other real Dron
erty. We hope the sharp intelligence of
your people, in the main nation of pro-
ducers and landowners, will see through
this cruel game of the moneyed classes
and Illustrate it. The miseries Of the
agricultural classes here are indescrib-
able, but the farmers do not clearly see
why it is that prices are forced down to
their ruin, SO that it is difficult to get
them to move with the A merican farm
ers, who are sharper. L hope our saliva
ton will come from you."
SILVER EXPORTS AND GOLD IMPORTS.
New York, July 24.-One hundred
and twenty-eight thousand ounces of sill
yer will be shipped tomorrow. Two
hundred thousand dollars in gold ar
rived to-day from Europe and $40.
from Havana.
NO MORE SILVER AT PRESENT.
CHICAGO, July 24.-All day to-day as
bank employees carrying sacks of silver
coin entered the United States Sub
Treasury they were confronted by no.
tice to the effect that silver will not be
received at present. One OF the officials
said silver had been coming in so fast
lately that there is more of it lying I'M
counted than the force can handle, and
until it can be counted and checked ND
they will not receive any more.