The Caucasian. (Clinton, N.C.) 188?-1913, 1895-06-20
HOW AMERICA
MAY RULE.
Gold Monometallism Convulsing
Two Continents The Hand
writing on the Wall.
STRONGLY INTERPRETED

NJ al
England to- he the FIRST to Adopt siIver--
s,thtt America May Not ForestaII and
C,ptorc Immense Trade.
TIr CAUCASIAN has formerly
orn,rd extracts from speech de-
Eyrr.d hy Mr. Balfour, leader Of the
House of Commons in Eugland, in
favor Of tree silver coinage in that
eouutry. The English people as well
As the German people are agitating
,he subject, but as before stated
England can hardly hope to get it
uuI fuc House of Lords is abolish ed.
The members Cf this house are born
70 membership, ana are entitled to
ng., upDD the wishes and demands
Of thr people simply because they
were born LORDS" 1t makes no
difference how little sense they have
or what kind of views they entertain;
they can stop any law which the
Hou-n or Commons may enact. The
"Lord-' are the sristocracy of Eng
aud. They have always lived by
expressing the masses. They will
never consent to any change in any
law which will loosen their power
over the masses. AS the historian,
Ridpmh, so forcibly says, "The his
tory ol the world has not yet pre-
spntcd au example of an organiza-
ton. crown sleek aud fat and con-
cencclcss by the destruction of hu-
man freedom and spoliation of man
kind that has had the virtue and
honesty to make rcstitutlon.' The
House of Lords will never do it.
But 'he agitation is going on, and
it 50 happens that the leading finan-
cIal paper of London, 1.-The financial
News favors free silver; and in d
recent issue it published the follow
mg article which is full enough of
substance and sense to think over a
week:
"Tl or have not been wanting, of
late ildi ations of growing irritation
with england for its dog-in-the-
manager SILVER policy. Gold mono
metaIism is convulsing two conti-
upnts and gravely compromising the
future of the poorer states of Europe
This feeling has been voiced in
America by Senator Lodge, whose
proposal virtually
TO SHUT OUT BRITISH GOODS
from the United States until we
should assent to q bimetallic cOnven-
ton, though extreme and absurd, in
dicates the trend of sentiment on the
other side of the Atlantic.
Senator Lodge is not u silver man, 9,
in the usual sense, being opposed out
and out to free coinage in the UNI
ted States under existing conditions,
and, therefore, his views, though
unged with strong feeling, may at
tract more attention here than those
of the pronounced sllverites. Mr..
Lodge is very bitter about the fail
ure of the Brussels conference of
British official delegates was
SCARCELY LESS THAN DIsCOURTE-
OUs'
to the United States, and he believes
that nine tenths of the A merican peo-
pie regard it in that light.
feeling of this kind is not to be
lightly ignored We have frequent
diplomatic differences with the Uni
ted States, but, as rule, there is
seldom associated with these any
sense of animus between the people
OF the two countries. But now we are
encouraging the growth OF feeling
'uat, on u question which
Affects THE PROSPERITY OF THE
MILLIONS
OF individual Americans, England il
inclined to entertain views unfriend
yto the United States. We know
Vi course, that the upfrlendlIness l:
accidental, and that our monetary
Poher is controlled by purely selfish
ConSlderations-so purely selfish tha
We do not mind
SEEING INDIA SUFFERING FROM OUI
ACTION
much more than America does. Th'
americans are Sufficiently Old-fash
ohed enough to believe that 1T is thu
part of friend to show hlmsel
friendly, and when this cOuntr.
.urnS deaf ear to the piaint OF hal
the world, they not unnaturally y TAX
tunkiudly.
~ Is not for us TO say whether thu
saeeilng of irritation is wholly Justl
ueu or not; 1t exists, and that Is tn
Ialo point. Moreover 1t Is taking
snape that may entail very awkward
eOnSequences on us. The recen
proposal to coin Mexican dollars il
Jan Francisco was bid toward Civ
'ng Us an object lesson by OustinI
VSFRoM OUR COMMANDING POSITION
III eastern trade.
mere Is plain moral in the re
narN That If the United States woul
puture to cut herself adrift frOr
EUROPE and take outright to silver
"a ae would have all America and Asi
~ uer back, and would comman
Io u al ket of both continents. 'Th
,pier yparrier of gold would be more fats
ne Tau any barrier Of a custom hous
,tr ue oond of silver would be stronge
Tn %l any bond of free trade
:, mere can be no doubt about
a. a't II the United States were
"''Pt silver basis tomorrow,
DNAllSH TRADE WOULD BE RUINED
1aelore ae the year was out. Ever
tea,h1can terlcan industry would be pr
seu' not only at home, but
S,ty Other market. OF course, IL
ts YES would suffer to certain e.
va", through having to pay her obi
Ss aoIS abroad in gold, but the 10
exchange under this head wou