The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1895-11-28
ENGLAND AND GOLD
Why She So Obstinafely Clings 10
fhe Single Standard.
The London Times states in Few
Terse Words the Reasons Why
Johnny Bull is Averse to Bl-
Metallsm and Prefers the
Yellow Metal as Money.

The London Times, which is the par
ticular and especial organ Of British
interests, puts the whole money ques.
tion in a nutshell as follows:
''lt seems impossible to get bimetal.
lists to understand that there is quite
large number of US for whom Il gen
eral rise of prices has no charms what
ever. We like them low, and the lower
the better. If they all went down to
half their present figures we should
rejoice, because we have nothing tc
sell and a great many things to buy.
For those who have things to sell we
do not feel any great concern
Now, this is all there is in the whole
business. The London Times speaks
for what is technically known as the
city-the banking interests-the in.
terests of Lombard street. When it
says I'VE have nothing to SELL" it
speaks for the large and growing class
in this country and in England that
produces nothing-the class that col
lects its annuities and clips its coupons,
having nothing to sell and everything
to buy.
Honest people ought to be thankful
to the Times for speaking out so plain
ly. 1t states the whole case in nut
shell. It speaks for the whole class of
those who have nothing to sell, but
everything to buy. This class, repre-
senting one man in every one hundred
thousand of the worlds population
maybe less, is undoubtedly right in de-
string to make prices lower and lower
all the time. They care nothing for
the progress of the world, nor for the
state of business All that they are
interested in is the increase in the pur-
chasing power of the money in which
their BITS, and the interest on them,
are paid.
That is the main thing. They do not
look to the future, nor do they antici-
pate a moment when their debtors will
be unable to pay in gold. They know
that if liquidation occurs they will get
in the neighborhood of gold values
for whatever may be realized, and so
they are contented to wag along under
the gold standard, which makes
money dealers richer and all producers
poorer.
The Constitution has stated hereto
fore that the money question was
merely a question Of prices.-a simple
contest between those who deal in
money and those who buy money with
the products of their labor The Lon
don Times, the organ of the British
gold monometallists, makes this per-
fectly plain when it says that ''a gen
eral rise in prices has no charms what
ever" No charms, of course, to the
creditor class, for then debtors would
be able to pay their debts on easier
terms. Producers would have to give
a less quantity Of their cotton and
wheat in order to procure given
quantity of ofdebt-paying and tax paying
money
When the Times says that "a general
rise in prices has no charms what
ever, it means that general prosperity
in the United States has no charms
whatever for the British Shylock. We
have no criticism to offer on the some
what selfish remarks of the Times.
From the point of view of an organ of
British interests the Times is undoubt-
edly correct. A general rise of prices
in the United States-or, what is the
same thing, general prosperity-in-
stead of helping Great Britain, would
hurt it, and hurt it very seriously. 1t
would have to give a larger amount of
gold for our products-for our cotton
and wheat-and as result, it's profits
would be cut down.
Great Britain is the buyer of cotton.
wheat and other staple commodities.
Ind the people of the United States
Ire the sellers. A general rise in
prices would bring about general pros
oerity here at the expense of Great |
Britain. The gold monometallists
would declare that we had no sound
money; but prices would be sound.
Ind Great Britain would have to give
Up her s'sound" money in order to OBJ
ain our cotton and our wheat.
The whole business is as simple as a
um in addition to those whose minds
ire not confused England, being the
'uyer of our food products and of our
aw material, is interested in low
'rices. The people of the United
'tates, being the producers of food
PRODUCTS and the raw material that
}reat Britain is obliged to have, are
Interested in higher prices.
By remonetizing silver they can, at
ne stroke, secure higher prices and
eturn Of prosperity. The question is,
,lll they allow the politicians to fool
hem in this Observation-Disclosures Con