The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1895-02-04
FEB. 4. 1895
PROVO CITY.
1T Is NOGO.

The immense effort to establish the
gold standard in this country is, in the
language of the streets, no go. Mr..
Cleveland's time was well chosen.
Two years of ranic and one year of ex-
cessiVely hard and grinding times and
just after the second bond issue of
$50 100000 had been reduced below the
legal reserve, seemed indeed the time,
if ever, when the American people
would listen with some semblance of
patience to suggestion of coming to a
gold basis. But business men, even
those In closest accord with Wall street,
drew back aghast at the mighty i'm
pending charge Of all our commercial
and monetary plans and modes. 1t
was well that they did, because it seems
now that had the bill PASSED as Springer
wrote it, there had been revolution to-
day. AS it is there is yet ample time
remaining to seek for some less danger
Gus path out of our labyrinth of fnan-
cial darkness and doubt. On Thursday
last Lord Brassey-no mean authority,
told the London board of trade that
the gold standard was a failure, and
strongly advised that body to go to the
side of silver and sustain it, or at least
to keep up its price so that it might be
available as money yet in the sharp
struggle now Immediately before the
commercial world in consequence of the
mighty effort to establish the gold
basis, and which Lord Brassey says is 8
gigantic failure.
In the light of this part of the situa-
tion the wonder is that there is still
one man in the public lite of the
United States, SO reckless as to desire
to see the dangerous experiment car
ried further. The East Indian en-
pire of the queen, is in dreadful stu
alton now and growing rapidly worse
as the days go on. The day that her
mints were ordered to coin no more
silver was the blacklist day in the cal
lender of England. She Is only now
but just entering the portals of doubt
and disaster. Her experiment to en-
rich the home government and people
at the expense Of her silver using col
onies and other trade allies, like the
United States, has proven to be, as we
have said, colossal failure. Not that
alone, but it is still problem if she can
reverse her policy and reconstruct her
foreign commerce in time TO prevent a
total c. lapse. 1t is the judgment of
some of the soundest thinkers, both in
England and this country that she has
gone too far already. She has passed
the danger line and cannot draw back.
If this financial collapse should
come the death knell OF monarchical
governments in the civilized world will
have sounded. Perhaps France and
the United States might be able to
maintain themselves owing to the good
feeling existing toward their gov
ernments on the part of the masses
of the people, but it is certain that
Germany, Russia, Austria, Spain and
Italy would follow England into the
vortex. This would unseat the kings of
earth and pandemonium would reign on
earth for many years or until men
would have time to fit themselves to
the changed order. What an awful
evil the greed for gold has become.
England holds the purse strings of
Europe today, as she held them in
1915, but if she does not relax her
clutch little she may precipitate an
upheaval such Jas she has meyer before
experienced. Her own avarice may do
for her what all oGher foes have failed
to do, conquer her absolutely.
Give the commercial and agricul-
tural as well as the manufacturing
classes of England a voice in finance
and the united kingdom would be
double standard ere tomorrow's sun
had sunken behind Nevada mountains.
If these classes once learn that they
really are the masters of this and all
Others of her destinies they will .hreak
away from the leading strings and the
people would give the law as well as
make it. Lord Brassey's position IS in
spired by the events of the last few
days in this country and now it re-
mains to be seen if the English govern
ment has the wisdom to profit by the
warning.