The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-06-05
ITS THE GOLDEN AGE
Says Henry Clews, the Great
New York Financier.
HenryOnly Wants$4OO,OOO,OOO
in Gold Bonds
TSS SIT En A m ON GE
ISSUED AT ONCE
By the Four Great Nations
of the World.
Goldbugs Will Be Satisfied With
That at Present.

NEW YORK, June 5.-As several men
of prominence In the Legislation Of the
country have from time to time taken an
interest in the subject of gold shipments,
and have individually asked the advice
of New York bankers, Henry Clews has
prepared an open letter, which he sent
to several congressman today. In it he
said:
money as a power is now coming to
be recognized as the most poten-
tial influence in connection with
belong to the past, and will
soon, by common consent, be relegated
sto the rear to make way for offensive and
defensive reciprocity commercial treaties
which will insure prolonged peace and
prosperity There is gold enough to go
around if mutual consideration and for
bearance are exercised; but not sufficient
if such struggles continue as were ex-
perienced last summer between the gold
pairing nations.
of reciprocity between nations will
make the worlds supply of gold
ample to provide for all legi-
innate exchanges. internally and
externally, with the nations now on
the single standard basis, but not to pro-
vide for selfish spirit of boarding at the
same time.
"To prevent the excessive shipments
of gold periodically, the four great
tions, England. France, Germany and
the United States, should adopt an inter
national note currency, or d 1 = per cent
gold bond issue, not to exceed say $4OO
QUO, 900, each to issue $1OU,OOO,OOU, the
four nations to be equally responsible for
the principal and interest by mutual
agreement
ssThese obligations, backed by such
high credit, would take the place of gold
exports and imports. Gold would be no
better as a remittnnce-a5 matter OF
fact not nearly SO desirable. The notes
or bonds would be an internatioual cur
rency and would provide Substitute Tor
god in. settlement of balances between
nations. 1t would do away almost alto
! gether with the present clumsy method
of shipping gold from one country to
! another and few weeks afterward
| bringing it back again, as is now the
usual practice with nations.
"It has really gotten to be matter OF
dollars and cents with nations, especially
| with those that are overburdened WITH
| debt which include most of them. These
| increasing burdens must soon make II
| imperative to abandon the present large
| standing armies and navies and substi-
| tute commercial treaties. The almighty
! dollar must soon assume command
| Platonic friendships between nations
must gradually give way to cold blooded
cash alliances. Money is destined to
control.
..It is undeniable that it alone makes
a nation strong and powerful and ready
for all emergencies, as it does bank or
| business house Congressman Thomas
! Reed in his recent Interview fore
| shadowed events in the future relations
| of nations. The international new era
| cannot fail to embrace the import of
| duties as well as silver coinage with
reciprocity as regulator. Wealth IS
now in control. This is truly the golden
/ age"