Mohave County miner., 1894-04-28
4 British B,metaIhs

OF all the bimetalliats that have gro WI
into prominence under the British system
OF colonization, SIR Julius Vogel, Of New
Zealand, 10 probably the most prominent
A man of less scientific education thar
his two old parliamentary antagonist
Sir George Gray aud Sir James Hector
he surpasses them both IN his ideas o
what is intensely practical and needed N
the pursuits of our daily life.
Sir julius is we'll into the seventies,
but man Of well-preserved physique
and intellect; and he is never 30 happy
as when contributing something to the
magazines or newspapers. He has con.
tributed TO the Nineteenth Century a
very cleverly written article on The
Scramble for GJld, ia which he takes
different grounds from the local bimet.
allists OF South Continent in accounting
for the present anti-silver troubles. They
have been organizing silver clubs all
over that country and holding discussions
on bimetallism 10 all the larger cities
until they have virtually exhausted their
subject and converted their debating clubs
into mere mutual admiration societies.
Ooe man went 50 far as To assert that free
trade is imprscticaole with free coinage
of silver.
Sir julius thinks that, II she goes on
as she has gone for twenty.one years in
her effort to elevate gold aud depreciate
silver proportlonately, England will DE
unable to keep up her supplies Of gold
because competing nations will do their
best to prevent her from 30 doing. OF
that there can be but little fear. Aus
trAlis, even in her present deprecated
dnancia! condition, is shipping to Eng
land an average Of $35 ,OoO, 200 per year,
while the newly founded colonies in
South Africa will likely greatly surpass
that amount in two years more. Hence
she has but little to fear in that respect.
Oa the contrary, the incress sse in the
stock Of gold would tend to raise the
price Of silver and lower that Of the vel.
low metal. The real danger to England
lies in what Sir julius, 10 his other wise
sxcellently written paper, seems wholly
to overlook. England is the great
creditor nation Of the world, for the
simple reason that she has been the long.
est "in business At tn, old stand"
Among the nations that are her debt
ors We may include all the states OF
South and Central America. Most OF
these are producers OF silver and have
nothing else IN which to repay their in
debtedness. Once let England put on
the thumbscrews by obliging them to
pay more than they owe. and their will
% . game opened at which two can
play. Depreciation Of silver on the part
Of England must be followed by repudi.
alton on the part Of the small debtor
nations, and to pay their debt and inter-
est 10 goiu Wouid oe 70 double their obli-
Cations aid their taxes.
But careful scrutiny Of Sir julius
paper in the magazine above mentioned
will be found valuable to the reader who
is likewise thinker. His lines OF argu.
ment have the freshness and novelty Of
. man Who studies out propositions for
himself. Many Of our American bimet-
sllists. whose theories are but so much
second hand clothing in trade. might per.
use The Scramble for Gold and learn
something new. Like all writer's who
are impressed with the justice Of their
cause, Sir Julius Is very outspoken and
at times dogmsticL, but he has given to
the financial world very readable paper
oil the same.--Los Angeles Herald.