Warren sheaf., 1894-04-19
SENATOR LODGE ON SILL.
:s.a.ss Y TER AND ENG
LAND.

many, if not most, OF the self-styled
silver advocates are conducting their
campaign with full knowledge Of
the fact enunciated one hundred and
ten years ago by Adam Smith; that
she lower the value Of commodities
paid FOR British goods the more the
English win receive for their goods.
And conversely, the producers OF
what lie called colonial produce
will receive fewer goods FOR their
commodities the less their price.
No one doubts FOR d moment that
the million and a half Troy ounces
OF gold mined in this country re-
ceives it's value all over the world,
notsosmuch on account OF its intrin-
sic worth as on account OF it's being
coined all over the world. Nor can
there be much doubt hat the 55 to
go million Troy ounces Of silver an
nual|y mined in this country would
exchange readily in the markets Of
the world at from $75 to $50 mil
lion, as was the value for last year,
il it was coined thrcilghout the
world with the same freedom as gold.
We, with our near neighbor, Mexi-
co, are the principal producers Of sill
yer. Nearly all the worlds supply
comes from North and South Ameri-
ca. The production OF all Europe is
insignificant. Until lately neither
Great Britain nor any British colo
ny produced any silver. Under these
circumstances England saw that by
acknowledging silver it wouli decrease
the valueuf d commodity it did not
produce and conversely increase tho
value Of the goods it wished tc sell
in American countries. Some four
teen years ago Germany, which pro-
posed by the aid OF Protection, and
subsidies to its mercantile inafine.
ito become an eSpofting nation, fol-
lowed England's lead and also demo-
netized silver Lately England, see
ing that we were staggering under
the effort to hold up the price of a
product common to so many Ameri
can countries, a product which we
desired to use iii discharge of our
large employment Of British ships
and Use OF British goods, tried to-
give us a coup de grace by dtmone-
tizing silver in India.
The characterization of silver in
England and Germany was an ef
fort, by discrimination against one
Of our products, to obtain an undue
advantage in trade with lis. The
dtmonetization Of silver in india was
as distinctly a hostile act as any
"Order in council" that led to the
war OF 1912. Ii even an old pair OF
Jcfferson's or Jackson's political
breeches were left in the White House.
this action OF England's would have
been resented as the orders in coun-
Gil were.
With these long continued hosti-
lities to one, at least, Of our inter
ests apparent to tile whole world,
and fully understood by all of our
legislators, a large part OF the Dem
ocratlc party, and apparently all OF
the Populists, propose to reward
Great Britain, principally, and Ger
many by opening our markets to
their manufactures, increasing the
amount OF silver. uebased in value
by their action, which we will have
to export to pay for service in trans
porting our ocean ireights and goods
received from them. And ;,lmo t
concurren'!N With the dcmonctiza
1!on OF silver in ludia hy Eugland,
that unconscionahle Judas, Fitli,n,
proposes to reward Great Britain bv
destroying our sh'pbuilding indnst
ry in favor of British shipbuilders.
AS he says, his only reason for moi
trying to hand our coasting and
lake trade to the English is his fear
that, by trying to do too much a.
sirst. he may not hc athletic do any
thIngsfor tleaintprests OF tie natiol,
to whose capitalists he is SO
parasitic.
All Americans will welcome Sena
tor Lodges declaration OF opposi
ton to this super subsefyirnt atti
tude OF Great Britain's servants il,
our Congress, and will agree with his
reasons for opposition. He says in
part:
1t is England which is to-day the
great enemy Of any effort for5tlie res
toratlon ofsilver to the worlds cur-
rency. | do not mean the whole Of
England, but the bankers and the
mighty moneyed interests of Lon
don.
England is held in her present po-
sition by the banking aud moneyed
interests OF London, speaking: in a
broad and general way. SHE is in
great difficulty with her Indian ex-
changes; she is in great difficulty
with her manufacturers She needs:
relief. No one who has followed the
English newspapers or the discus
sion Of the Indian currency question
can fail to see that the movement in
favor OF silver is growing in England
all the time. But England is gov
erned in her attitude toward silyer[
solely by her own interests. She IS
not engaged in main tanning the cold
standard because she
is in love with what some persons
declare tie be an economic truth. She