The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1893-06-28
HOW Shall VIZ mssr ira

The action OF the British government
in closing the minis of India against the
further coinage OF silver sounds the
knell Of the monetary congress at Brus-
sele, az at present constituted. That
body, in all probability, will never meet
again as it has met. Why ehould it
when one of the principal nations repre-
sented in it has taken step which is
entirely inconsistent with the solution
Of the great problem which it was called
together to eolve, and is placed actually
out Of the pale of practical discussion by
its representatives The demonetizs-
tion OF silver in India is in effect a chal
lehge from England, and a declaration
OF war against the restoration of silver
as a currency on any basis. The ques-
ton now arises, how will this challenge
be met by the countries still recog-
nizing and using silver az q
parity metal with gold? Will they
yield Internationally to the arrogant
dictetion OF the greatest creditor nation
in the world, and succcumb TO q threat
which is inspired by the enormous gains
it must make by compelling the debtor
natione to pay prodigious tribute to it
in liquidating what they owe?
We are not prepared to believe that
this arrogant policy will be successful as
against the United States and France,
and the many other countries that hold
the white metal in esteem as one of the
monetary representatives of value. 1t
is not to be supposed that this country
will permit itself to be John Bull-dozed
in this impudent manner. The parity
of the two metals on some fair
basis ia an absolute necessity to the
business and developing wants of this
new country. The financial storm which
has just blown over the United States
accentuates the fact that we cannot sf-
ford to cripple our monetary resources
by the extrusion of metal which rep
resents one-half Of the specie wealth OF
the world. II we submit to this kind of
dictation we ehall place our country
helplessly under the financial domination
of Great Britain, something which both
spirit, interest and patriotism revolt al.
Can the United States form an alli-
ance outside of Great Britain that can
successfully resist the manifest policy of
that nation to make herself richer and
other nations poorer2 This will be the
next step in the great and overehadow-
ing controversy. When congress meets
we will doubtless find that another ele-
ment will enter into the consideration
of the oliver question than mere
question OF finance. Patriotism will cut
an important figure in the great debate,
and we may again be met with the sig-
nificant war cry that raised the ardor OF
this country nearly century ago
millions for defense not one cent for
tribute"
Ii we look vt the situation in its prac-
tical bearings we shall realize that this
country is better able to meet an Issue
of this kind than any other country in
the world. If we are forced to sustain
the white metal ae representative of
money value, we can better live within
and of ourselves than any of the powers
that are attacking eilver. We can force
Great Britain to come to our terms, and
although the ordeal would be severe
one, in the end we would triumph.
When England found that the great
controversy was resolving itself into a
question of bread and butter or eubmis.
sion, that country would begin to sing a
different tune,