The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-03-21
DR.. Prices Cream Baking Powder
Awarded Gold MedIl Midwinter Fair. San Francisco.
BRITISH BIMETALLIsM.

Correspondence Robert P. Porter in the
Chicago Inter Ocean.
The sentiment in relation to bimetallism
in England has undergone considera bic
change since 1892" / asked Mr. Grenfen,
(the chairman of the bimetallic parlia-
mentary committee)
"Any one" was the reply "who had an
opportunity of Gauglng the feeling of the
house of commons on the monetary ques-
tlcn in 1888 and 1895 could not fail to be
struck by the great change of opinion
which has taken place in it. in 1893 BIZ
netallism was considered not merely &
fad, but an unclean thing, too low for
serious discussion; in 1895 the closing of
! the Indian mints, the great fall in the
price of silver which was the inevitable
consequence of that policy, the depressed
state of agriculture and serious position
of the great productive industries of the
country, owing to the ruinous fall in
prices, have forced the currency question
upon the attention of the most ignorant
one class"
1.-The same measure was rejected in
1897" 9'''''e lax '@' was ie''eu III
The same house of commons which
rejected in 1899 a resolution in favor of
an International monetary conference has,
in 1895, passed unanimous resolution in
favor of one; the same chancellor of the
eXchequer who, in 1893, experienced
difficulty in finding words to express his
contempt for the contentious of those who
believe that the establishment OF an in
ternational bimetallic ratio to be both pos
sible and necessary. has. in 1895. assented
to the statement that this house regards
with increasing apprehension the con-
slant fluctuations and the growing diver
gence in the relative value of gold and
silver, and heartily concurs in the recent
expressions of opinion on the part of the
government of France and the govern
ment and parliament of Germany as to
the serious evils resulting therefrom 1t
therefore urges upon her majesty's gov
eminent the desirability of cooperating
with other powers in an international con-
FOR fl,n ~ ret r-s,,rr
what measure can be taken to remove
or mitigate these evils. 1t Is true that
the chancellor salved his conscience by
saying that the motion was a bimetallic
motion with the bimetallism left out, but
II removing or mitigating the evils aris-
ing from the constant fluctuations and
growing divergence in the relative value
what is it? 1t would not be easy to de-
scribe the object of those who believe in
what Is called hinetallism in palmer or
'What is the principal aim of biinetal-
lists in England"
1.-The great aim of bimetallists is to
mitigate and remove the evils arising
from the constant fluctuations and grow
Ing divergence in the relative value of
gold and silver. and the fact that the
house Of commons has unanimously
statement of opinion is one the signifi-
canoe Of which 1t is impossible to .exag-
Cerate. IT is nm actual. visible and tan
the house of commons Bimetallism is
in the air. II is everywhere discussed;
the feeling that there is something very
wrong somewhere, which can be re-
dressed. Is growing. The textile districts
of Lancashire, Cheshire, Yorkshire and
Derbyshire are getting sore and impatient.
The Textile Operatives association of
these districts has subscribed $500 to the
funds of the BimetaIlic league. There
used to be an old saying in rolitical
circles that what Lancashire thinks first
the rest of the country thinks soon after
end Lancashire has. already begun TO
ask the reason why
Seriously, then. you believe that public
sentiment in England will soon favor BIZ
metallism?"
'It is only question OF time when
England will follow. The heresy of BIZ
to the worship of the golden calf. Seven
directors of the Bank OF England are
favorable to the bimetallic cause One
OF the best known of them-Mr. Lidder-
dale-has of late taken an active part in
the work of the league and has sup
too, numbers well known bankers among
Its -vice-presidents. Bimetallism. in fact
In England Is merely . question of time:
but unfortunately in This case every mo-
ment of delay is of the most serious inn-
portance. The question is. cannot some |
of America agree with the government of
France. end the government and parlia-
nent or Germany. and the British house |
or commons. that tho divergence In the |
relative value of gold and silver is q |
growing evil and that measures should |
be taken to stop this evil. Why cannot |
these governments APPROACH each other |
ana ascertain how far each is ready to go |
before conference is summoned?"
what would be the practical outcome !