Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-07-18
MAKE THE START.

e America WIN Discard the single Gold
Standard Europe Will Not Be slow To
Follow.
The converts to bimetallism arc
thickening fast, and they bob up some
| times in rather unexpected places.
One of the latest and most important
is Mr.. Frederick 3. Coudert, of New
York Mr.. Coudert is one of the lead
ers of the New York bar. is the legal
representative of the French govern
ment in this country, and was one of
the lawyers representing the United
States before the Behring sea commits
| sion. He has always been what is
| known as a Cleveland democrat"
While Mr.. Condert believes that the
adoption of the bimetallic standard,
singly and alone, would mean financial
loss to the United States. he declares
that it would be ruin TO Europe, that
they cannot get along without us, but
that we can get along without them If
the worst comes to worst. He declares
that it is recognition of the fact that
IT there is no international agreement
the United States will proceed alone
that has given such an impetus to the
bimetallic movement in Europe, and
that the United States can force
the nations OF Europe to come to
the bilnetallic basis by undertaking
free coinage. We believe that this is a
pretty accurate statement of the case.
So long as the nations of Europe can
keep us waiting upon their pleasure
they will make no change in their
standard. Most of them feel that they
cannot act without England, and En-
gland will cling tenaciously to the
standard of approaching money as
long as possible. In the meanwhile
they can despoil us of our gold when
ever they wish to do SO. AS the great
debtor people of the world our securi-
ties are scattered all over Europe. and
whenever there is a special call for
gold from any European nation we are
the first to be looted. The beginning
of gold exports from this country,
which was two years before the Sher-
man law was ever dreamed of, had this
origin. Austria-Hungary was accumu-
lating a gold reserve and other Euro
pean nations were increasing their
stock against the time of war, and as
an easy way to get it American sc Curl
ties were thrown back upon us and
sold. These facts and reasons were all
faithfully set out in the reports of the
director of the mint before it was
decided to lay the whole thing
on the Sherman act. So long as
the nations of Europe have such
soft mark and SO long as we will con-
sent to the maintenance of the single
gold standard, just SO long will the
present conditions endure. The mo-
ment we take the bit in our teeth and
set the pace down the middle of the
road every nation in Europe will come
tum bling after us AS Mr.. Coudert
says. it would ruin Europe if it did
not fall into the procession. This fact
is very well recognized abroad. The
London Financial News some time ago
declared that if the United States
should adopt the free coinage of silver
British trade would be ruined before
the year is out" And it further de-
clared that while the states would
suffer to a certain extent, 1.-The loss
would be a mere drop in the bucket
compared with the profits to be reaped
from the markets of South America
and Asia, to say nothing of Europe
Unquestionably. the bold way is the
wiser and safer way. We cannot
starve Europe into the abandonment
of the gold standard, but the moment
we start alone the rest of the world
will hasten after.-Memphis CONNER
ciaI Appeal