The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-10-07
SINGLE OR DOUBLE STANDARD.
The Effect of Either on England, the
Creditor Nation.

San FrzaeiSco, Oct. "a s. Griffifh-Bos-
czwen, one OF the Conservative members
Of the house Of commons and private Sec
rotary to Sir Michael Hicks-Beach. who
fills the position OF chancellor OF the ez-
ehequer in SzlisoaTy's cabinet. arrived IN
sthe city yesterday with his Wife
Mr. Boscawen has been a member OF the
lower house IN the British parliament
since $50. when he was elected over Capt.
Francis Pavcy. Liberal. by a considerable
majority. In the last election he was
chosen 20 succeed himself without opposi-
ton. He represents the district OF Tun-
bridge. in Kent. He Is a cousin OF Lord
Falmouth and Is also related 10 Hugh
Boscswen Of the First Life Guards. who
married a daughter OF Earl Fitzwilliam.
Ar. Boscawen is deeply interested in the
silver question. a question which natur-
ally commends itself 20 his consideration,
in view or his close relations with the
chancellor 81 the excheQuer. He Is accord
ingy giving the STUDY OF the silver ques
ton considerable OF MS time during mis-
recreation -aunt. though his inquiries in
that direction are not being made at the
solicitation OF Sir Michael H.cks-Beach.
In fact. ne says. the chancellor OF the ex-
ehsquer does not even know that he is
here. nor does he know what his views
are or the intention OF the British govern
ment.
II am naturally anxious TO hear what
the Americans think % the silver question
zs l 20 through the country" he said.
There Is 3 strong bi-metallic feeling in
England. and there Is also q strong feel
ing in favor CT mono-metailism. England
q the creditor nation. We lend money 10
other nations and receive our interest in
gold. Whether i: would be better to pre-
serve this financial system and benefit the
whole country, or whether it would be bet
ter to adopt bi-mstallic standard and
give the producers better chance. Is one
Of the leading questions of the day with
as. Were ] an American ! would he a BIZ
rnetallIst. As an Englishman / am undo
clded.
That bl-metaIlism would operate great
~ to the advantage OF the English pro-
ducer. | am fully satisfied. The English
farmers formerly raised 4 great deal Of
grain. Now they raise very little. The
cause OF this transition is easy of expiana-
ton. They cannot compete with those
countries which have silver standard.
Argentine has sprung into prominence as
one OF tho principal wheat producing cOun-
tries of the world The Argentine farmer
Is working on a silver basis. He pays for
his land in silver. ne pays his help in sill
yer. He sends his wheat TO England and
he receives gold for II. By this practice
no gets twice as much for his product
the English farmer would receive. That
Is TO say. his profits are twice as large for
the reason that he pays for the cost OF
production in silver. and sells that which
he produces for gold.
"Is England adopted a bi-metalic stand
ard there would be mora money In circu-
lation. prices would 20 up. and the Eng
lish producer would get better prices for
his products Looking at II in this light,
bi-metallism would be a good thing for
England. Considering the fact. however.
that England is the creditor nation. and is
interested I'm seeing her credits paid I'm
gold. tho question Immediately becomes
complicated and extremely Difficult OF So
luton ! do not mind expressing the view
that whatever Is done should Ia done by
international agreement"
Mr.. Boscawen said that the members
OF the lower house were expecting to see
Henry VI. Stanley take a prominent part
! IN the deliberations OF the coming session.
Parliament met only three weeks after the
| last election" he said. land Stanley only
had an opportunity 10 make one speech.
| 1t was In respect 70 the Uganda question
| The British government had practically de-
| clded 20 maintain a prOtectorate over the
| Central African province. and some Of the
| Radical members were opposing an appro-
priation for the construction of a railway
TO Uganda from the coast. Stanley knew
more about the cOuntry than any other
member OF the house from the fact that
he discovered Il. and he was firm in his
| declarations that the future Of Uganda de-
pended solely on the railway project. He
said Europeans would not go into Central
africa and develop the resources OF the
country unless a railway line was built
from the coast Well. the proposition was
voted a parliament appropriation with
which 70 commence work. and / think the
| Uganda railway project viii be carried 20
a successful completion"