Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-02-23

UOONtb
Here in I'exas we are accustomed 10
hear those who believe In bi-metailism
referred to as "the silver lunatics."
The assumption OF superior Intelligence
by those who go straight TO wall street
for their information and their views
is one OF the features OF all discussion
OF the subject OF finance. 1t Will no
doubt be a great surprise TO the Texas
advocates Of the Rothschild-C Cleveland
Sherman policy 10 learn that every
professor Of political economy in Eng
land, the home or the gold standard,
is bl-metalllst. The authority for this
statement is Hon. Henry chopin, mem
Der OF parliament for Sleaford and min
ister Of agriculture in the Salisbury
cabinet. In December last Mr.. Chop
lin "stumped" Forforshire in Scotland,
and the Brigg division OF Lincolnshire
In England Both these districts had
always been liberal In politics. but In
December last, when by-elections were
held, the Liberal candidates declared
In favor OF a single gold standard and
the Tory candidates in favor OF BIZ
metaillHm and the Inter were elected.
Professor H. $. Foxwell. professor of
political economy In the University Of
Cambridge has recently written IA let
ter advocating international action In
favor OF silver In which he says; Like
you. am a strong International bi-met-
ailist Nothing short OF complete con-
fidenco and unlimited mlntage will ever
restore silver; and these can only be
obtained by international agreement.
We are making great progress here. It
is on the cards that International BIZ
metallism may become a plank In the
conservative platform at the approach
Ing general election. Every member OF
parliament who has been elected this
year is pledged to do all In his power
20 further an international agreement.
We incline to an agreement for the un-
limited purchase u gold and silver
bullion for legal tenders. leaving It
TO each government to say what form
that legal tender shall tal,e-whethor
coins or uotes-always, OF course, OBJ
serving your principle. that whatever
forms OF legal tender are current must
inil be maintained at par As TO the
ratio Incline TO 90 to Il IS l-2 10 / is
arbitrary, and rather too nigh, In my
Judgment Twenty to one would NJ the
decimal system and flolitnte all cal
culationa Existing coins might be
maintained an token coins. circulating
al above the international par, just as
they now circulate above the existing
market par"
It is suggestive fact that 1t IS the
Conservative party in England. which
includes the land owners, great and
small. and OF which the country squlre5
are uhe backbone that stands for BIZ
metaHism. The Liberal party, under the
leadership OF Gladstone, who represent
ed the banking and trading interest.
became tho principal prop In Europe
OF the gold standard, II stood for the
loans In foreign countries and for the
moneyed interests generally. while the
conservatives represent the agrlcul-
tural interest. The hour OF the defeat
OF the LberWl5 Is near at hand. and in
view Of the worldwide conflict now on
between tho standards II win be a
blessing 10 the world at large.
Germany. whose representatives. wit
messed the proceedings VI the last mon
etary conference In stolld silence, has
called through formal resolution adopt
ed by the reichstag for another confer
ence. England Is moving in the direo-