The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-03-26
RETURN OF JAMESJ. HILL
The Great Northern Magnite Talks Of
His Visit to Europe.
ABOUT THE SILVER PROBLEM
He Says Great Britain VIII Have to
Come TO Time II She Ex-
poets to Hold Her
Eastern Trade.

ST. PAUL, Mimi. March 25.-President
j. j. Hill of the Great Northern railway
has just reached home from an extended
visit in Europe and in the Eastern states.
He said: IL found there was a great
depression in some of the countries of
Europe, particularly in Great Britain, and
most particularly in the cotton and iron
industries. The United States Is Eng
lands customer and our imports have
been largely reduced. to the advantage or
this country and to the corresponding
disadvantage of Great Britain. The
English manufacturer and landlords own
ing agricultural lands are taking an active
interest in bimetallism and the greater
use of silver. They are realizing fully
that Argentine. Australia, the East indies,
China and Japan, who are on silver
basis, forcing their labor to accept silver
which they buy for 55 per cent. of the
value of gold, have a margin on the labor
alone that enables them to undersell the
English farmer or manufacturers in
markets which England has heretofore
controlled. England is either compelled
to give up n large amount OF the worlds
trade or increase the use of silver
in the world to such an ex-
tent that it will not be pos
sible for her competitors to take
advantage of the lower cost OF their
labor growing out of the cost of gold and
silver. II the silver men of the United
| States will only let congress alone and
leave the matter to be worked out by the
commercial profit and loss account of
Great Britain. the latter nation will be
compelled to Join with Germany, France
and our own country in bringing about
a condition of things that will enable the
English people to meet the competition of
| other nations on something like an equal
| footing. The low prices of wheat have
already found, during the past year,
new market for that product. The Cali
| fornia and west coast wheat that has
heretofore gone to Europe is now going in
ship loads TO China in the form of Hour,
where it is taking the place of rice, form
erly used by the Chinese.
HAS your opinion changed regarding
the ratio of gold aud sllver?"
THAT is immaterial. The proportions
of gold and silver, taken for 1000 years
as long as we have history upon the mat
ter-remain practically the same. For a
period of 40 years or more, one or the
other way may show slight change, but
the ratio remains 151k or 16 to l. And,
if gold and silver were Interchangeable
for SO many hundreds of years in.the past,
| III Is 10 Stt Wnat haS O~NAAASA ~
prevent changeability now, providing all
nations are willing to receive it,"
"what did you find the feeling regard
ing an international monetary confer
ence?"
France and Germany are willing and
the manufacturers of England are now
! waging an active campaign to bring the
British government to realize the neces
sity of enhancing the value of silver, not
SO much for the reason that they like the
silver any better, but that they desire &c
increase the cost of silver paid to labor in
other countries and in that way to in
crease the cost of production of the many
commodities that England is interested
In supplying to the world with and in re
storing the value of her own agriculture
, | lands"
"Why cannot the other nations act in
dependently of England?"
, "Simply because London is the flnancia
, clearing house of the world and all com
, mercial balances are practically adjuste'
through the medium of sterling exchang
or British credit"