The herald., 1895-10-07
Is Related to a Whole Lot OF
People
AND INTERESTED IN SILVER
AZ IN Englishman He Is Beset by
Doubts
II He Were an American, as He Is an Eng
Iishman, He Would Be
B;metaiIist
Associated Press Special Wire

Associated Press special wire
SAN FRANCISCO. Oct. GA. S.
Griffith Boscaweu, one OF the Conserva-
tive members OF the house OF commons
and private secretary to Sir Michael
Hicks-Beach, who fills the position OF
chancellor of the exchequer in Sails
bury's cabinet, arrived in the city yester-
day with his wife. They are guests at
the Palace hotel.
Mr.. Boscawen has been in the lower
house in the British parliament since
1892, when he was elected over Capt.
Francis Pavy, Liberal. by a considerable
majority. In the last election he was
chosen to succeed himself without op-
position. He represents the district OF
Tunbridge, in Kent. He is cousin OF
Lord Falmouth and is also related to
Hugh lie Despencer Boscawen, of the
First Life Guards, who married a daugh-
ter Earl Fitz william.
Mr.. Boscawen is deeply interested in
the silver question, a question which
naturally commends itself to his consid-
Grafton in view of his close relations with
the chancellor of the exchequer. He is
accordingly giving the study OF the silver
question considerable time during his
recreation jaunt, though his inquiries in
that direction are not being made at the
solicitation of Sir Michael Hicks B each.
II fact, he says, the chancellor of the ex-
cheouer does not even know that he is
here, nor docs he know what his views
are, or the intentions of the British gov
eminent.
81 am naturally anxious to hear what
the Americans think of the silver ques-
tion as 60 through the country" he
said.
''There is a strong bimetallic feeling
in England. and there is also strong
feeling in favor of monometallism. Eng
land is the creditor nation. We lend
money to other nations and receive our
interest in gold. Whether it would be
better to preserve this financial system
and benefit the whole country or whether
1t would be better to adopt bimetallic
standard and give the producer better
chance, is one Of the leading questions
of the day with us. We're l an American
/ would be a bimetallist. As l am AN
Englishman l am undecided.
''That bimetallism would operate great
ly to the advantage of the English pro-
ducef, l am fully satisfied. The Eng
lish farmers formerly raised great deal
of grain. Now they raise very little. The
cause of this transition is easy OF explain
alton.
.They cannot compete with those
countries which have a silver standard.
Argentine has sprung into prominence
as one of the principal wheat producing
countries of the world. The Argentine
farmer is working on silver basis. II e
Pays for his land in silver; he pays his
help IN silver. He sends his wheat 10
England and he receives gold tor it, By
this practice he gets twice as much for
his product as the English farmer would
receive. That is to say, his profits are
twice as large for the reason that he
pays for the cost of production IN silver
and sells what he produces for gold.
''If England adopted a bimetallic
standard there would be more money in
circulation, prices would go up, and the
Enslish producer would get better prices
for his products. Looking at it in this
for England. Considering the fact, how
ever, that England is the creditor nd
ton, and is interested in seeing her
credits paid IN gold, the question i'm
mediately becomes complicated and ex-
tremely difficult of solution. do not
mind expressing the view that whatever
its done should besdone by international
agreement.
Mr.. Boscawen said that the members of
the lower house are expecting to see
Henry M. Stanley take prominent part
in the deliberations of the coming ses-
sion.
Parliament only met for three weeks
after the election" he said, land Stan
ley only had an opportunity to make one
speech. 1t was in respect 10 the U ganda
question. The British government had
practically decided to maintain a protec-
torate over the Central African province,
and some of the radical mem bers were
opposing an appropriation for the con-
struction of railway to Uganda from
the coast. Stanley Knew more about the
country than any other member of the
house from the fact that he discovered it,
and he was firm in his declarations that
the future of Uganda depended solely on
the railway project. He said Europeans
would not go into Central Africa and
develop the resources of the country I'm.
less railway line was built from the
coast. Well, the proposition was voted,
partial appropriation was made with
which TO commence work, and I think
the Uganda railway project will he car
ried to a successful completion"