The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1895-09-12
EUROPE AND SILVER
Probable FaGfS Siffed Down From
Interested Sources,
I'm Germany the NaOvcmpnt tor Free
Coinage I. Daily Growing in lRn-
E0rtance-The Bankers Are Ar
rhyed Against Et There AS
Well .Aa i'm This Country

IS impossible to determine from the con-
Trajectory accounts that come over the
cable. One set Of correspondents give
the assurance that the bimetallists are
exultant over their gains in the recent
election, state that large section of the
members of the house is committed to
the bimetallic policy and predict that
the question will cut a large figure in
the coming debates. ..-
Another set of correspondents follow
the next day with the statement that
nothing is heard Of the bimetallic ques-
tlon III Or out of politics. that the Brit
ish elector is absolutely Indifferent on
the subject, and that the government
will do nothing.
1t is probable that both accounts are
from interested sources and state what
their authors wish instead Of represent
ing an examination of the facts. The
truth appears to be somewhere between
the two statements. There is not in
England the wide popular interest in
the question that is found in the United
States. AS Speaker Crisp found, the
people edo not discuss and do not seem
educated up to it, The membership Of
the Bimetallic league is stated by it's
secretary to be increasing rapidly,
"but, y says Mr.. Crisp shrewdly, "what
they consider rapid in England would
be very slow in America.
There is no doubt, however, that the
bimetallic party has increased it's
strength in parliament, but it is proba-
bic that the numbers it could command
on division on the question to estab-
lish the system in England would not
be large The outlook is better, how
ever, for partial action, such as in-
creaslng the coinage Of silver in Eng
land or reopening the Indian mints. The
ministry has for it's leaders strong BIZ
metallists who will be ready to go as
far as they can carry parliament and
the people. Balfour, Salisbury, Goschen,
Chaplin and others Of tho cabinet are
known to believe in the theory, and
they will doubtless do what they can to
put it into practice. %
In Germany the movement appears to
be in more advanced state. The talk
OF the international monetery confer
ence has been stated by the gold men to
be merely sop to the agrarian or land
holding party. But recent advices indi-
cate that the movement is much broader
than this, and that the government is in
earnest in it's plans for holding the con-
ference. The banking classes and heavy
investors OF Germany are as strongly
opposed to the movement as the same
classes in England or the United States,
and are just as determined in shutting
their eyes to the strength of the move
ment Ludwig Bamberger of Berlin
writes:
"The entire trade and mechanical
world, as we'll as the greatest part of
the educated class of the people of Ger
many, are for the gold standard. The
opponents Of the gold standard are the
landowners and the lords of the nobil-
ty, who believe and desire through the
Introduction of bad and cheap money
20 pay their debts with it
md receive higher prices for their ce-
'eals and other products. These land
owners have great influence at the
courts of the kings and princes of the
umpire, and through this it was posi-
lie in conjunction with the present ad-
of the empire to receive
he promise Of a call for an international
difference.
He admits, however, that there is an
increasing agitation" for silver in
Germany, and the extent Of the alarm
mong the gold men may be judged
rom his statement that tive have
ormed some time ago a Gold club for
he protection of the gold standard, hold
ectures, issue pamphlets to instruct
nd show the people the fallacy and
wlndle of the promises Whatever
ne movement in Germany may be, it
J evidently not insignificant.
In all this there is encouragement for
nose who are looking and hoping for
ounder basis Of money than the rising
5andard Of gold. While the situation is
OF as rosy as some have represented it,
1e bimetallists may reasonably hope :
II this result Of a oonference-an
for enlarged coinage by Ger
Iany, the United States and the Latin
MON, and for free coinage il suitable
tito can be determined; the opening Of
10 Indian mints once more to silver,
I'D an increase Of silver coinage in
reat Britain.
1t free and equal coinage Of gold and
lver can be had on any reasonable
tito, and the faith and credit Of three
'eat nations pledged to its maintenance,
70 question will be permanently set
cd. And until such agreement is Sc
red there will be an unceasing and in
easing agitation among the people
I'd the financiers-San Francisco Ex-
miner.
State Chairman Hinrichsen.