New-York tribune., 1896-10-30
SELECTIONS FROM THE MAIL
THE POWERFUy. BRITISH CAPITALISTS
HOW Mr.. BRYAN PROPOSES TO HAND THIS
COUNTRY OVER TO THEM. BOUND


To the Editor of The Tribune.
Sir There is one idea suggested by the discus
sio, Of the silver question which does not appear
10 have occurred the silverites nor. so 1ar as
have seen. has it been offered for their considera
lion. One Of the contentious OF the Popocracy -
that country great. rich and powertui as me
United States may and should have financial ana
monetary system of It's own. They talk win sound
and fury of the British gold standard CLAIMING
that II has been forced upon us by the mach,natonS
NJ British capitalists going to IN" length Oh s"!'"s
that these same capitalists control inc "oi'u sup
ply OF gold and exact tribute accordlney' al"
draw awlng the conclusion with that logic peculiar 10
themselves and notably to their chief apostle tnat
the WY throw off tho British yoke IS 10 put '"e
country on n monomet allie silver basis
on that basis the purchasing value Of tn" silver
dollar would correspond to It's bullion value They
admit that when II suits their purpose 10 tel w"
truth. Mr. Bryan has admitted 1t time ana asai''
and based argument upon It. Let us inquire wha'
the result would be far throwing or the
much-deprccaed yoke of England and her horoe
Of capitai,a CONSUMING control tho value or
our currency as claimed. As understand the mat
tor. the Is this: London Is the word 'n'-
porim for silver bullion. The Tondcn price Is the
basis for estimate tho world over Every ounce OIL
silver purcf ascd by tho United States Government
for coinage. or under the Sherman act, was
bought at a price regulate by the London quota
tIon Ard as tho London price OF silver has been
the controlling quotation In tho past. so II surely
will bo for the future because London is and viii
hc tho worlds market for bullion. The CONCLUSION
Is this that instead OF freeing ourselves from tne
British domination claimed by the Pops. what they
are trying do IL actually 20 hahd over ON
finances so far as tho value OF currency Is con-
cernnd. bound hand ana foot. IN the cOmond''on -.
British capitalists. whom they ono Pops) 80 nucn
fear and hate II these British conspirators are as
powerful as is claimed there Is nothing 10 prevent
ion in London. with a corresponding enec1 ion u,oi
the price OF everything dealt In III inc unlteu
States Under existing conditions the price may
nuctuatc to any extent without drectIN dHt''IhS
any OF our prices except for bullion and without
affecting the existing quality OF purchase value OF
gold and silver. II, l.,
lar irrcspe tive of the London rric" or silver pui
under free coinage all that would ne chanSen, anu
every business man in the country would pc M Munner
tho necessity 81 altering MS prices 1nu M ndnn
from day to day or week TO week. That would oe m
nice state OF things; would 1t not Ihat i w0uiH
Under the parity of prices they exist at present
between New-York and London the fiuctuatioh ol
Id an ounce means luctuaton OF the bul'ion VI
our dollar Of t01l1 change or % an ounce "o"lo
amount 10 so OS5 which IL TO say that inc Vaihe oi
stock Of mcrchan ndse of tcost In silver. or IN sil-
vcr values 10000 would b" affected w per CENT
or s. 500 ono way or the other. ,
II tho British capitalists are az poWerIu - M,
are stated 10 he, II IL too much 10 believe that a.
almost any time they could get together ana Pu'
tho prcn OF silver M or down suited their game,
t,os or produco or merchandise 10 any extent Nnn
wouldn't they bo sure tn do II? As We ar" now;
silver bullion is in London are 'hos" VINO deal IN H.
or tho mon who own tho silver mines, ou' pnre
wc hand our finances over 10 tngnsh capitaus,s,
tho fluctuations of the London market MI nave
sirnihcanc" for every man. woman "n" '''"' !" "'
United States =
Syracuse. y T.. oct. rs. l'".