St. Paul daily globe., 1894-07-15

Been Cosmopolitan Observer.
To the Editor of the Globe.
/ read with much interest the views
expressed by Samuel Hill as they
appear in your issue OF 25tn nit. on the
silver question: 1t may say so, they
seem TO me to be generous and fearless
in tone TO degree. And, although on
q question involving so many STU
penuous interests it is difficult, nay
impossible, for those who write upon it
to agree on all points involved. quite
Join Issue with Mr.. Hill IN thinking, in
hoping and in believing that the re-
haOilitation of silver in some form or
order is now, to quote from favorite'
author, "One great divine event, 10
which the whole creation moves" In
quoting as | have done, hope do not
lay myself open to the charge of being
one who haOitually mixes poetry with
prose, at least in the sense in which
Mr.. Hill makes the alluSlon; trust it
may not be so, but rather the accident
of an eXhilaration of spirit arising in a
stranger in strange land on reading
the handsome but not too fiattering
allusion by Mr.. Hill to the leading
finaneiers of the country to which am
proud to belong.
But any study that may have been
able to give the silver question is main
ly from all Indian point of view, and
there it has been the burning question
of the day for years past, and still con-.
tinues so. | may say that while travel
ing in America from time to time have
always liked TO read in the press. or
otherwise, any article that treated OF the
silver question. but my recollection is
that in former years it was the eXcep-
tion rather than the rule to come across
such articles, although | can recall many
references to the detrimental effect OIL
American wheat of low exchange be-
tween England and India. | can also
recall the president of the Bengal
chamber of commerce, somewhere
about eight years ago Il have no refer.
Ell ces with me), using as an uncontrO-
vert able argument to show that low
exchange, at all events, benefited the
wheat trade of India the fact that
Americans, who were reputed to be
always well able TO take care of their
own affairs. freely discussed the advis-
ability or taking measures to coan eract
this.
Now, however, find this paucity of
reference to the silver question in
America and elsewhere. if | may say SO,
completely changed. Everywhere, from
California to Litchfield, from China to
Peru, it is almost impossible to take up
q newspaper which does not contain
CT raaf. tf,i = l,t hot
repusetul abode of the saints, Salt Lake
City, was quite pleased while there
not many weeks ago 10 find in my morn
ing paper q telegraphic epitome of MIR.
Chaplin's Edinburgh speech on the sill
yer question, and a very interesting
leading article upon the same subject.
Recent personal experience, therefore,
enables ME to lndOrSe every word that
Mr.. Hill says as TO the increased and
Increasing Importance of tha silver
question to America as well as To the
world at large.
What the solution of the whole prob
lem is to be is Of course another matter,
and one which it would, no doubt, be
well to leave 10 trained experts alone;
for this reason. if for no other, that we
have the authority of Mr.. Goschen that
the undue study of the currency queS
tion has driven more men 10 the lunati
syiumS than that of any other subjecc
kept love and religion. But think
am III reason III saying, as resident for
many years in India, and as recent
traveller through all the silver using
countries, that it is generally recognized
that if England and America together
were prepared TO act in unison in respect
to this grave question, the first material
step necessary to it's solution will have
%o1- H.,
or not i'll recommending America to
adopt with England the Fabian policy
of delay Seems 10 be very doubtful. But
this at least feel sure OF. that England
would not be hood Winked in any degree
by 1t, as she has often played the game
of old. Originally, as Mr.. Hill no doubt
we'll knows. this policy was only iuenti-
fed with the movements of a general in
the field. When applied to the currency
question it seems 10 me to SAVIOR more of
the modern Mr.. Micawber than of any
classical authority can at the moment
recall.
Another point Oh which Mr.. Hill
touches. and TO my mind attaches undue
Importance, is. to put 1t in my own
words, the amount Of pressure India
and the colonial depen dencIes of Eng
land can bring to bear upon the mother
country To induce her to move in this
matter. Englishmen who have been
much abroad know that that amounts,
regret to say, to very little and it is a
chronic grievance abroad that this is so
The attempt to get England to move in
any far-reachlDg matter i'll favor of her
dependencies, in which her own inter-
ests are otherwise concerned, is almost
as futile as to call up spirits from the
vastly deep: You may call, loudly call,
but the spirits never come. Those,
therefore, who live in the dependencies
of Great Britain recognize that as far
as the REFORM of currency is concerned
they must do the best they can until 1t
suits the interests Of England to act i'll
their favor, anu 1t must always be borne
in mind that to dale England has main
tanned that she and heaven at all events
shall remain OH gold basis. Yes; ;
there can be no doubt of 1t as far as the
universal rehabilitation of silver is con-
cerned, it is Queen Victoria's carriage
that stops the way. The wheels, per-
haps, want fabrication. and if so, l
maintain that America is the country
best suited TO take contract for tn :,
work. With Uncle Sam at their back
and on the same platform with them
the voice of the dependencies of Great
Britain might compel itself to be heard
even beyond the floor of the British
house OF commons. In travelling
through the silver-using countries in
tine far East, where the rupee,
the Mexican dollar. the American
dollar. the Japanese yen, and the
| silver coins or all the countries
| in Europe, meet, change hands. but do
not assimilate in accordance with their
weight or intrinsic value, even the most
| inditferent-and who is totally indiffer-
ent as TO money?-is compelled to re-
| feet in some degree on the silver ques-
tioD, even though he knows that he
runs the risk of being ultimately con-
| fined in lunatic asylum. And to the
most casual of such observers it surely
| seems that it would be great blessing
| if something were done to put things on
betterfoo. ing. One fact that struck
me som what forcibly duriug my recent
| ira wells that tha chari he'd ..a :