The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1894-06-02
England and Silver.

I've 4OUQOu HtuSuctAl NcWut VI ApFi
80, contains an article upon the finan.
cial situation which IL Of special inter
est to American readers, because Il
shows that great interest 10 taken
abroad in tho views Of public men in
the United States upon the question
which Is really the uppermost one in
this country, and which istskiDg 9
front rank in international conridera-
| ton. The News, sitter making the ad-
mission that England has assumed an
unfrisndiy attitude toward America
and to powers in Europe with which
they sustained friendly relations, in re-
fnsing to submit to an international
agreement upon the silver question,
refers to speeches made by Senators
Cameron and Lodge, in the United
States Senate, in which the Senators
claim that the English policy on the all
absorbing monetary question, is directly
antagonistic to American interests.
Here is its admission
9In matters of international policy
neither this nor any other country dares
to act in deliberate antsgonism to It's
neighbors. The comfy of nations re-
quires that no power should follow =
course damaging, directly or indirectly,
to the interest of country with which
it is at peace. At the same time We
seem to be shaping toward ascourse
which may bring US into awkward con-
hict with the popular sentiment, il not
with the governing powers of countries
with whom we hold political friendly
relations.u
Then here is something for the pro-
fessed friends of silver who believe in
waiting for an international agreement
before it can be safely remonetized, to
ponder over. The strongest advocates
of free coinage in the United States
never claimed any more than Is here
admitted or asserted in this English
paper:
"There can'bs no doubt about it, that
if the United States were to adopt
silver basis tomorrow British trade
would be ruined before the year was
out. Every American industry would
be protected, not only at home, but in
every other market. Of course, the
states would suffer to certain extent
having to pay her obligations
abroad in gold but the loss on exchange |
under this head would be mere drop
in the bucket compared with the profits
to be rsaped from the markets of South
America and Asia, to say nothing of
Europe. The marvel is that the United
States has not long ago seized the oppor-
tunity, and but for the belief that the
way of England is necessarily the way
10 commercial success and prosperity,
lndou btedly it would have been done
ong ago. Now, Americans are awak-
sning to the fact that $50 long as they
narrow their ambition to becoming
srger England" they cannot beat Us.
It has been piece OF luck for us that
I has never before occurred to the
Americans to scoop US out of the worlds
markets by going on silver basis, and
t uight serve US right If, irritated by
he contemptuous apathy Of our Govern
nent to the gravity of the silver prob
EN-, the Americans retaliate by freez-
ng out gold. 1t could easily be done,
ind we propose shortly to show, by
collected from perfectly un-
sources, that even now the
process has begun, and is proceeding at
] rate that will astonish most people
nd probably make this country regret
hat it did not at an earlier stage fash
on its monetary policy on principles of
to other nations, instead of
n basis of short-siRhted selfshness."