The times. [volume] (Richmond, Va.) 1890-1903, 1895-06-26

Express Their Views in Timetable
Mnfuorfpi


LONDON. June IA bmetallic mrro-
rial has been sNncd by numbers OF Lead
ing bankers. merchants and manu- dcl ut-
ers doing business in the East. II llrst
refers 10 the recent anti-Dimetaiht H'iiv-
rial i'm which IL says bimetallism Is justly
described as a growing agitation III theh
proceeds 10 relate that. Instead or the
commercial supremacy Of Great bilttln
and the financial ascendancy OF London
having been established since the chanSc
I'm the currency In 1916. IL was achieved
before then. Moreover up 70 rearly Sixty
years after 1916 the business Of tho world
was conducted under the dominating IT.
flucncc Of the bimetallic system. Inc
experience of recent years has SHOWN
that British commercial prosperity our
ing this period was due TO the universal
effect Of the bimetallic law, and not 10
the operation OF our single standard.
With the abandonment OF bimetallism
our immense advantages disappeared.
Tho subsequent attempt. for the hrst tlme
I'm history, 10 conduct the business or the
Western world on a gold basis. was iol-
lowed 10y q wide and increasing ilFcr5-
ence IN the value Of gold ana silver WI-ch
hindered trade. and progres siYe ran III
prices which seriously injured lnlustrlal
undertakings. Contracts have been MS
turbcd, the burden Of the debtor incfeas-
al and property decreased with result
ing loss of capital embarked IN industry
and the employment OF the working class
iOus Importance. which should command
attention. I'm view Of the yastnesa OF
British commerce. the burden OF inlebi-
edness borne by tho colonies ana INDIA
and the fact that there are three distinct
systems of currency within the empire,
no people I'm the world are more interest
ed im the establishment OF blmetaiilsm
than Great Britain. which ought heartily
90 cooperate with foreign nations ~ en-
dcavOrng 10 achieve IT.. The experience
H.H. 90
the conclusions Of authority, as express
ed by the unanimous report OF the Scld
and silver commission. unite IN support
ing the opinion that the relative value
of The metals could Doe maintained under
bimctallIsm. The recent statements on
behalf OF the French government. the re-
solutions OF the German kcicnstas ana
the state council Of the Prussian Diet and
he emphatic declaration of the United
states in favor OF International bme-
taIiism. are proofs OF their desire 20 join
Great Britain iu serious cnlcdyor to
accomplish this end.
The memorial conclude. I'm the prcs-
clce or tne evils which cannot Dee de.ief,
We hope that the government viii not
suffer Hypothetical danger 20 special
interests or prophetic but unsupported
assertion OF harm TO Industry and COM
Incrce 20 deter them from a hearty coop
GRAFTON with the other powers in sucn
measures as seem desirable for seeurinr
"a fixed par of exchange for The two met
ais and more stable standard OF value
than We now possess. and We respectfully
ask you 10 adhere 10 the resolution Of the
House OF Commons passed on February
-itn. This motion was introduced 10 the
House OF CcmmCns. hy Mr.. Robert l. Ey-
erett, Liberal member for the Woodbridge
division of SUFFOLK. and was as follows.
That the House regards with increls-
ns apprehension the constant nucuati0n
and growing divergence OF the values OF
D T|. .r
The recent expressions o. opinion of ON,
governments OF France ana Germany n
regard 10 lhe serious evils arising there
from.