The herald., 1895-02-19

| strong to be overcome by any influence
| that other nations can bring to bear upon
her at international monetary confer
ences. England will not consent to BIZ
metallisn', and Germany will not il Eng
! land does not, and that is why the
scheme of International bimetallism is
visionary and impracticable.
| A prominent English authority states
that Bertram Curre is the only promi-
nent gold monometallist of that country
who has had a practical business expert
| ence. Mr.. Currie has never made public
the reasons for his financial belief, but he
was examined before the British Gold and
| Silver Commission in 1887, and in reply
to the question whether he thought fall
! in prices due to an increase in the value
of the standard (gold) an evil, he said;
| 81 know the feeling OF the class to
change is Numerically opposed to our
! feelings, and that whatever change is
made, to whatever extent we can, we will
| he clear of it, If we lend a man f1OO0 we
! will say to him, Understand, we are not
| to be paid back in this new stuff; we must
have gold.
| Mr.. Curries attitude is that of the
money power OF Great Britain, which is
the money power OF the world. 1t is the
attitude of Shylock demanding at all
times the fufllment of the terms OF the
bond by the delivery of the pound OF flesh
And this is the spirit OF gold monometal-
lism. 1t is cold-blooded, supercilious,
heartless, exacting, and as rapacious in
pursuit of the debtor, whom it ruins, as
the half famished hound iL pursuit of the
wounded stag.
J. NJ. C. MARBLE
To THE EDITOR OF The HERALD:
The important thing to do is to decide
what is to be our standard or measure of
value. 1t is infinitely more material and
important to labor than it is to capital
that this standard or measure be stable,
convenient and the one universally
wanted
1 see no better solution than to cause
the Government to go out of the banking
business; compel the banks to furnish
the Government all the coin necessary to
maintain its contracts, at rates of interest
as low as those upon which any Govern
ment on earth can borrow; and to COM
pei them to give the people such security
as will make loss to any note holder or
depositor impossible.
J. NJ ELLIOTT.
To THE EDITOR OF THE HERALD
reply to your request to write some
thing in regard to the present financial
condition of the country with great diff
dencc. There is a very general impress
sion prevalent among large number of
people tndC anytnlng written Dy Dank
officer in regard to this subject must nee
essarily be from selfish standpoint; con-
sequently, anything that we may say is
likely to be misconstrued, and any legis-
lation favored by us is almost sure of de-
feat. 1 think this is to great extent due,
not TO the failure of the Congressme
themselves to appreciate the good points
in the bills favored by bankers, but be-
cause of the pressure broughtto bear upon
them by number of their constituents
who have the feeling as above stated by
me.
The last bill introduced by Mr.. Spring
er, chairman of the Committee on Bank
ing and Currency was, l think, an ad-
mirable measure in nearly every point. l
think, however, that mistake was made
in giving the bonds to be issued life as
long as fifty years. The Government