The Delta independent., 1894-06-27
szzH. BRITISH GREED. w.


Inordinate selfishness Is What Causes En-
gland to Favor . Gold Standard.
1t is unquestionable that the prevail
ing sentiment in England is against in
ternational bimetallism although there
is 4 large and growing party favoriug
it. The impression prevails there that
gold monometallism is the best for En-
gland because it is n creditor nation,
and therefore is interested in having
debts paid in the most valuale medium
possible. Indeed Mr.. Gladstone has
openly avowed this policy on several
occasions 1t is one of national selfish
ness. 1t is the same idea extended that
made Rothschild advise the nations of
Europe to unite with this country in
the purchase of silver if we would con-
tinue the system provided for by the
Sherman law. England wants other
countries to use silver money rs d
standard of value, but does not want
to use it herself. The Literary Digest
quotes Sir John Lubbock rs follows:
''In considering the problem pre-
sented by the American currency the
first question is as to the likelihood of
the introduction of general bimetal-
ltsm. The Uniicd States government
has always l think. attached too much
Importance to our action in the matter.
The entrance of Great britain into
such league would increase the de-
md for gold more than that for sill
YER, because while $4,000, 900 of people
in these islands would adopt partially
silver standard, $50, 600, 900 in India,
who have now silver standard, would
adopt partially gold one. For my
own part, | must say that | see little
proba bility of bimetallism being adopt
ed by this country Our currency is
we'll adapted to our wants. | believe
it to be utterly impossible to maintain
n fixed ratio between two great arti-
clcs such rs gold and silver. quite
concur with bimetallists in wishing,
silver to continue in use both rs coin
and rs q standard of value. 1t would
be misfortune If India and China
were to adopt 4 gold standard But
when they speak rs If silver had been
excluded from its monetary privileges,
they forget that the majority OF man
kind still use silver US the standard of
value. We arc monoInctalists, not as
wishing the whole world to adopt gold.
but as wishing each country TO have 1
unltOrtn StaEliTl ~ sss-fs~- %;
There is only one way to meet the
concentrated selfishncss of this policy
and that is to form \ bi,netaiiic league
and leave England out until she is will.
ing to use what she wants other coun-
tries to use. England wants to retain
the gold standard because it is believed
that England profits by 1t. It is very
easy TO destroy that profit. 1t is very
easy for the countries of the world that
desire bimetallism to unite in creating
obstacles to commerce with Great Brit
ain, and to cut off absolutely the profit
of English seliishncss. There Is nothing
that Great Britain produces that the
rest Of the world needs. Great britain
is only middlcman in commerce. A
union Of France, Russia, Italy, Spain,
Switzerland and Belgium with America,
China and Japan, would give each of
these countries all the markets it could
use, and would be of reciprocal ad-
vantage to all of them. The bimetal-
lie countries must cccrcc Great Britain
or freeze ls.r out II they do not
Great Britain will dominate the com
mercial world on the coinage question.
--Indianapolis Sentinel