The Madisonian. (Virginia City, Mont.) 1873-1915, 1895-06-15
PUTS GOLD IN HIS PURSE
Why John Bull Favors a Single
Money Standard.
SOME GOLDBUG ABsURDITIEs.
ParadoSicai Statement That Free Coinage
VIII Raise the Value OF Silver to Miners
Aiono-All Products of labor Have De.
eIined with Silver-A BIT OF History.

The recent changes of position by emf
nent men Gil the issue OF bimetalli.u
constitute a remarkable and interesting
chapter il the history Of opinions.
Americans know that our pablo
men have luctuatad wildly; that former
advocates of silver have yielded to the
Cleveland pressure and become gold
bugs, while former monometallists now
confess their error and even John Shor-
man shows some signs of reIenting at
view Of the appalling ruin he has
wrought. When the fall Of prices under
conditions which would normally create
Il rise compelled belief that some ma
llsn influence was at work, he said in
the senate, May 81, 1892; 'fWhen the
law of 1878 was passed, the only trou.
bic about it was thaG we we1o not as
wise as the Almighty Ruler of the uni
verse. We could not see ahead"
II IS not SO well known, however,
that abroad the conversions to bimet-
alll4m have been far more numerous
and important. There is not today Gle
monometalIist in Great Britain who de-
MES the great appreciation of gold. Mr..
Glfon, IN my opinion the c|Iearest head
ed n them all, does not even condo
scend 70 arsuo the matter, but starts his
discussion on that basis as a fixed fact
and speaks Of it as the startling rhe.
nCmenOn Of this age, while the mem.
bers Of the parliamentary commission
sheer at the futile attempts of Hon. Da.
YId A. Wells to prove that gold has
stood still while everything else has
moved. The reasons is obvious. Those
EngllshMen are under no political bias
or commercial pressure against tho
truth; they frankly admit that it is the
interest Of the creditor nation to have
dear money, and as tho gold basis gives
them that they see no cause to object.
Decline II the Value of Products.
Interesting indeed is the case Of Hon.
Henry Hucks Gibbs, director and former
governor Of the Bank Of England and
delegate to the conference of 1878. He
was there az ardent advocate Of the sin
gle gold standard, but has changed his
view and become president Of the Eng
lish Bimetallic league, and in explana-
"
ton thereof says that the price tables of
such economists as SOetbeer, Karl and
SauerbeCk arc conclusive. Never before
"Gio tilG S'"'IstIcS OF prices SO carefully
eoIleCuod, ana never were there such
striking agreements between those of
different nations. II one great nation, or
even oIe SI3t1 'I"lIatlclah, had arrived at
d inherent Cololuslon, there might have
pecii rom I0I Houo', D"t rom the
OhItea 0'a,eS bureau OF statistics down
~ '"o "~Sl4o"l'oraI minister OF little
i''ulii"HI" 'hot0 - apsoiQte harmony
~ 'uo statement lA&t Wien the decline
ol slI'er' as stated III terms Of gold,
h"S 5oAe an eIH"l Geei-ae Ill AL tie
PFo4"e'S Oh A0hlan labor, save the very
Jew NH'Io 'Ae tendency Wa successful
y NoU",eL"1t-u ~ et4ef causes, and
-h'' q very small part indeed OF this de-
2ll4o ~ ""c 10 me gam oI production
oNoL C~'Ae"HIptioh NAoIe libraries OF
aoPh-S.-F oH 'hI' last point are swept
away W one uAdlsputeo tact. The de-
cl4le Aa7 peeh as marked, though not so
great III staples OF which there is an adj.
mltted scarcity as III those of which
mere IS supposed 70 he a surplus, if i'll
'hCre can be a surplus i'll articles
ol "nloA al mankind want more than
they can now buy.
Evils of the Gold Standard Toretold.
IN l632 Alfred ID. R0~thschild, even
"hlIe arguing that England should
MAINTAIN the gold standard, wrote to
IIle DrUSSDlS Uniforms fEnno1 n,n,,o+o,v-