The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1895-10-19
A Distinguished Gentleman of
John Pulls Realm Says
Il Few Lines.
Mr.. B0SCAWEN GIVES AN OPINION.
Discusses Bimetallism from the
English Point Of OBJ
ServatiOn.

A San Francisco dispatch of the
II says: A. s. Griffith Boscawen,
one of the conservative members of
the house of commons and private
secretary to Sir Michael Hicks
Beach, who fills the position of
chancellor of the eXchequcr in Sails
bury's cabinet, arrived in the city
few days ago with his wife.
Mr.. Boscawen has been a member
of the lower house in the British
parliament since 1892, when he was
elected over Capt. Francis Pavey,
liberal, by considerable majority.
In the last election he was chosen to
succeed himself without opposition.
He represents the district of Ton
bridge, in Kent. He is a cousin of
Lord Falmouth and is also related to
Hugh Boscawen of the First Life
Guards, who married daughter of
Earl Fitzwillam.
Mr.. Boscawen is deeply interested
IN the silver question, a question
which naturally commends itself to
his consideration, in view of his
close relations with the chancellor of
the exchequer. He is accordingly
giving the study Of the silver ques
ton considerable of his time during
his recreation jaunt, though his in
quiries in that direction are not be-
ing made at the solicitation Of Sir.
Michael Hicks Beach In fact, he
says, the chancellor of the exchequer
does not even know that he is here.
nor does he know what his views are,
or the intention of the British gov
ernment.
81 am naturally anxious to hear
what the Americans think of the sill
Yer question as 60 through the
country" he said ''There is
strong bimetallic feeling in England,
and there is also a strong feeling in
favor Of recommendation. England
is the creditor nation. We lend
money to other nations and receive
our interest in gold. Whether it
would be better to preserve this fin
ancial system and benefit the whole
country, or whether it would be
better to adopt bimetalic standard
and give the producers better
chance, is one of the leading ques-
tons of the day with us. Were |
an American ! would be bimetal-
list. AS an Englishnan | am unde-
cided.
"l'hat bimetalism would operate
greatly to the advantage of the Eng
lisl producer am fully satisfied.
The English farmers formerly raised
"A great deal of grain. Now they
raise very little. The cause of this
transition is easy of explanation.
"They cannot compete with these
countries that have a silver standard.
Argentine has sprung into promin-
ence as one of the principal wheat
producing nations. The Argentine
farmer is working on silver basis.
He pays for his land in silver, he
pays for his labor in silver. He
sends his wheat to England and re-
ceives gold for it. BY this practice
he gets twice as much for his product
as 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,
"If England adopted bimetallic
standard there would be more money
in circulation, prices would go up
and English producers would get
better prices for their products.
: Looking at it in this light bimetal-
5 lism would be good thing for Eng
land. Considering the fact, however,
+ that England is the creditor nation,
and is interested in seeing her cred
its paid in gold, the question i'm
mediately becomes complicated and
: extremely difficult of solution. do
e not mind expressing the view that
/ whatever is done should be done by
international agreement"