San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1895-03-25
ENGLISH MANUFACTURERS AND
LAND OWNERS ARE FEELING
THE LOW PRICE OF SILVER
AGAINST THEM AND
WANT A CHANGE.
So Long as Silver is Low In Price
and China. Argentine and ia
pan Pay for Labor in Silver,
England and Germany
are Shut out and
They Feel 1t More
and More.

ST.. PAUL. Mimi, March 25-PreSident
j. A Hill. of the Great Northern road,
has Just reached home after an extended
visit in Europe. His statements OF what
he learned are Of general interest. He
said: Il found there was great deal of
depression in the foreign countries of
Europe. particularly in Great Britain and
more especially in the cotton industries.
The United States is England's best Gus
toner and her imports have been largely
reduced to the advantage of this country
and TO the corresponding disadvantages OF
Great Britain. In England manufacturers
anu landlords owning agricultural lands
are taking very active interest in BIZ
metallSm and the greater use OF silver.
They are realizing fully that Argentine,
Australia ami the East Indies and China
and Japan, who are on a silver basis, are
forcing their labor to accept money which
they buy for about 81 per cent OF the
value of gold. having a margin on the la
Dor that enables them 10 un1erSell the
goods which England has heretofore COLI
trolled. England is either compelled to
give up a large amount of the worlds
trade which she heret OfOre controlled or
use silver to such an extent that II will
not be possible for her competitors TO take
advantage of the lower cost of their LABOR
growing out of the difference of gold and
States will only let Congress alone and
leave the matter TO be worked out by the
commercial profit and loss account of
Great Britain. the latter nation Will be
compelled to Join Germany and France
and our own country in bringing about a
condition of things that will enable the
English pc )ple to meet the competition OF
other nations on something like an equal
footing. The feeling abroad against all
classes Of American securities. whether
atiOnal or otherwise. was very intGaSe
IOOd and bad were more or less claSSed
alike. This feeling, however. is gradual
ly wearing away. The low prices Of
wheat and corn have already found, dur
ing the past year. new market for that
product. The California and west coasts
wheat that has heretofore gone to Europe
Is now being shipped 10 China in the form
OF flour. which is taking the place Of rice
formerly used by the Chinese
Has your opinion changed regarding
the ratio of gold and silver?
That is immateriaI. Proportions OF
gold and silver taken for l.LOD years, as
long as we have history upon the matter,
remains practically the same. For peri
Cd of ten years or more. one or the other
may show a slight change. but the ratio
remains surprisingly at l515, or Ii to l..
And if gold and silver were interchange
a Die for 50 many hundreds of wears i'm the
past. it is difficult TO see what has Oc-
Cured to prevent the changeabilty now
provided all nations are wiling to receive
it,"
What did you find the feeling regard
ing an international money conference?
France and Germany are willing and
the land owners and manufacturers Of
England are now waging an active cam
paign TO bring the British government TO
realize the necessity Of enhancing the
value of silver, not so much for the reason
that they like silver any better. but that
they desire to increase the cost of silver
paid TO labor in other countries ana in
that way increase production of the many
commodities with which England is in
tereSted in supplying the world"