The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-04-11


enable England to dispose of her sur
plus silver to the United States, but
now with the repeal of the Sherman
law England is compelled to find
some other way to dispose of the
large amounts of silver received from
her customers throughout the world.
when our government discOntin-
ued the coinage and purchase of sill
yer England was compelled to carry
her own load. and if she retains her
foreign trade it is the general opinion
of many Of her leading men that this
can only be done through the remOn-
etizatiOn of silver Many English
statesmen believe that a change Of
ministry would make Right Hon.
Henry Arthur Balfour, the Conserva-
tive leader, chancellor of the ex-
chequer, and he is one of the most
pronounced and OutSpOken advocates
Of bi-metalliSm in Europe"
This is the most important piece of
news that has transpired in Minneso-
ia in twenty years. Mr.. Hill is the
real head of both the democratic and
republican parties in this state;-for
both of them look to him for cam
paign funds. His conversion to BIZ
metallism means that both the old
parties will, in their platforms, this
year, demand free-silver. This means
the laying on the shelf of Tawney,
McCleary, Hall, Fletcher, Kiefer and
Baldwin, all Of whom voted for the
single gold-standard in congress. 1t
means the coming to the front, in
the republican party, of such men as
Bob Dunn. Frank Day, Lamphere,
etc, who have advocated free silver:
and in the democratic party it puts
ex-Mayor Winston at the front, with
Thornton, La Due and others. 1t
means revolution.
1t is amusing to see how rapidly
the venerable PiOneer-Press adapts
itself to the new conditions. 1t has
been the most virulent bowler for
gold-basi in the world, but as soon
as Mr.. Hill spoke, Wheelock adjusts
his mOuth-Organ to the tune in this
fashion:
"There are few more thoughtful
students of the financial problems of
the day than Mr. James j. Hill,
whose great enterprises compel him
to give them close attention. There
is no keener observer of all the cur
rent facts bearing upon them than
he. Some of the broad results of his
observations on the financial and
monetary situation in Europe in
their relation to questions which are
now agit atimg this country. during
his recent trip to England and the
continent, are embodied in a curSOry
interview with the Pioneer Press,
which is published in another col
umn, and will be read with great in
terest. One of the most striking i'm
pressions he brought back with him
is the tremendous impulse which has
been given to bi-metalliSms in Eu-
rope by the course of this govern
ment in putting stop to the coinage
OF silver. England and the cOntn-
ent can no longer find market at
our treasury for all their surplus sill
yer. The enormous decline of the
silver rupee in India, aggravated by
the repeal of the silver coinage laws
Of this country, has brought about
state of things where English states
men as we'll as those of the continent
are forced to look to bimetalliSm as
sole means of escape from the serious
dilemma in which the monetary stu
alton is involved This is exactly the
consequence that was predicted by
the genuine bi-metallists in this
country, as one of the main argu-
mentS for the repeal of the silver pur-
chase act. 1t was the sure road and
the only road to bimetallism-to the
only bi-metalllsm Ssible-that
founded on international agreement.
The other road, on whose steep de-
cline the free silver men were and
still are urging the country, leads
straight down to mOnOmetallim of
the worst sOrt-a mOnOmetallism of
deprecated silver"
Here's richness for you! Here is
the subtlety of the devil. He comes
over to the Bi-metallic camp and
begins by driving out the men who
have been defending silver for twen-
ty years. And bi-metallism he tells
us has been helped by establishing
mOno-metallism. 1t is as if one had
said that nothing produced the
triumph of the Union in 1865 but the
attacks of the confederates. And if
there had been no confederates there
would be to-day no Union.! Really
the gall of this rascal is paralyzing.
He steals our overcoat, gets into it
and then kicks us for having worn it.
Joe. Joe! How the devil must smile
every time he thinks of you?
And Hill and the Pioneer Press are
both wrong when they say that Eng
land can no longer sell her surplus
silver to the United States. She has
no surplus She produces no silver.
Every dollar she gets is needed for
her trade in China, India and Japan.
This is the great silver-producing re-
gion Of the world.
And then comes Ex-Governor Will
liam r. Merriam, and he too takes
up the cudgels for free-silver. We
quote:
"Ex-Gov Merriam, who has been
absent from the city for about two