The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-02-21
PROGRESS or BIMEr,ILIsu.

While the gold monometallists are
growing over the continued decline of
silver. as measured in gold, they over
look the significant fact that on the day
that silver touched it's lowest price in
London wheat did the same thing. And
prices on the average make the same
record. The world is not now confront
ing the silver question. The gold ques-
tion is the serious question of the day.
How long shall the appreciation of gold
and the depreciation of prices continue?
Not long we believe. The world is edu-
eating rapidly. Great Britain forced
gold monometallism on the world and
has been the one great obstacle in the
way of restoring bimetallism. but Great
Britain is being educated. On Feb. 3
the London Standard said:
There is only one way to stay the
alarming decline Of exchange rates and
prices and the rise in the value of loan
able capital midas minis must be inn
mediately reopened. The continued halt
ing between two courses may imperil
midas credit TO an extent which will
pa Oily ~ Atcilts hAlt liz gov uctR
ing abandoned the foolish attempt to
establish a gold standard. regardless
alike of the conditions of Indian business
and Indian Indebtedness, the Calcutta
government now has no longer an ex-
cuse for keeping the mints shut
And at the same time comes the state
ment OF the Calcutta correspondent of
the London Times:
l.
rapidly approaches a panic Government
securities have fallen below par. The
bank of Bengal has twice raised the rate
of discount, and several failures of
baZaarS are said To be imminent. IT -
urged that the stringency of money
which Sir David Barbour looked to as
necessary to raise the value OF the rupee,
is reached, and that Lord Kimberley,
backed by his credit of 10000. 900. could
continue to maintain il at almost any
value. but his abandoning the minimum
utterly destroyed confidence. and unless
he can show that he appreciates the fact
that he now controls the situation, dis
trust will spread. The opinion is uni
vcrsaI that the mana cement OF the sales
Of bills should be removed from Lord
Kimberleys hands and entrusted 10 an
appointee in India.
a few days earlier came another pro-
test from British colony in the reso-
luton of the legislature of British Column
bia-praying the Acknowledgements to
inform the secretary of state for the
colonies that in the opinion of the house
it should be ordained by international
agreement that gold and silver be legal
tender TO any amount, that the vc,ue of
silver in terms of gold be fixed, and that
gold and silver bullion in any amounts
be freely turned into coin at the state
mints. These are proofs that the British
world is waking to the folly and stupid
ity of it's policy, whose authors Ernest
Seyd predicted the world would some
day curse. The time is at hand The
only question now is whether the world
will wait on Great Britain any longer.
The policy of this administration of fore
ing foreign action by refusing TO carry
the silver load alone is bearing fruit
rapidly, but there are many who desire
to bring still stronger pressure to bear.
y few days ago this movement took
shape in an organization at Boston to
advocate international bimetallsm and
To force it by means of bimetallic
league, on the plan Of the proposed Latin
union, but upon a broader basis. This is
what The Sentinel proposed several
weeks ago. and what is certain to result
if England and Germany do not speedily
consent to international bimetallism.
The meeting formed a committee to
conduct it's work of agitation and edu-
cation. which is to be by means of the
circulation of pamphlets and other liter
allure, and by speeches, lectures, adj
chairman is f. Benjamin Andrews. the
well-known president Of Brown uni
versity. at Providence, r. I. The men,
bers of the committee who have ac-
eepted membership and signed the
declaration of views and principles are
z. Benjamin Andrews chairman; Charles
IT. Allen, Alexander Agassiz, Oliver
Ames (second), Francis Bartlett, Robert
Bachelor, Thomas P. Beal, William
Bliss. Charles P. Bowditch, Edward l.
Browne, Samuel Carr, Charles +. Choate.
Alexander Cochrane, Robert Goldman,
Charles u. Getting. William w. Grape,
John Cummings, Charles H. Dalton,
Eben +. Draper, John NJ Forbes, Will
lam II. Forbes, Edward D. Hayden,
Francis L. Higginson, George +. Hoar,
f. W. Hunnewell, Jonathan A. Lane, Will
lam H. Lincoln, Thomas L. Livermore,
Charles L. Lowering. Henry Cabot Lodge.
John D. Long, Augustus Lowell, Francis
c. Lowell William Minot, jr.. Francis a
Osborn, Charles ]. Paine. Charles L.
Perkins, Thomas L. Proctor, Josiah
Quincy, Alexander II. Rice, George b.
Richards, John +. Russell, William A.
Shaw, William d. Schioer. Frederick j.
Stimson, Howard Stockton, Nathaniel
Thayer, Francis A Walker, Samuel
Wells. Alexander S. Wheeler. John A.
Wheelwright, George Wigglesworth
Moses Williams, Brooks Adams. secretary.
This is strong list. representing the
wealth and intelligence of New England,
and rich in prominent officials and ex-
officials. Both political parties are we'll
represented. We bid the movement "God
speed" and shall lend hand to help in
this movement from which. as we have