The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1896-05-21
ENGLISH INVESTORS.


they Are Wondering Why We Do Not se-
Basis
The United States Investor, the
most prominent and influential paper
of its class, having publication Offices
at Boston, New York and Philadel-
phia, prints weekly financial letter
from London for the information of
its readers. In the Investor for March
4. the London financial letter contains
matter of considerable interest to
those who have been studying the
situation in this country. The follow
ing, for instance, is not only interest
ing to our readers, but will fairly as
tonish those who are going about try
ing to cover up the plundering schemes
of the money power with the cant term
of "sound" money:
'The American market receives very
little attention, except that the Balti-
more & Ohio railway is causing good
deal of anxietl IN e faVlish share
holders, and, though repeated assur-
ances have been given out by the
American management, English in
vestors have not got over the shock of
the Santa Fe system of bookkeeping.
| was arguing the matter of American
securities few days ago with Mr..
Lloyd, the editor of the Statist. There
is no financial writer in England who
has more thorough knowledge of
American finance, and though he has
the greatest faith in the future of the
United States, he contends that until
that country goes on to a purely silver
basis, or remodels the currency laws,
English capital will not be sent to
America"
Now there is no news in the informa-
ton that the operations of the British
gold standard have wrecked the Balti-
more & Ohio railway, one of the finest
pieces of railroad property in the world,
but it is news, and very important at
that, TO be told that the editor of the
Statist, of London, the leading fnan-
.al journal of Great Britain, declares
hat English capital will not be sent
20 America until the United States
yoes to silver basis, or remodels the
currency laws.
Not very long ago the Statist was
expressing surprise that the United
states did not open their mints to the
coinage of silver, and thus secure con-
troll of England's most profitable mar
kcts The fact did not occur to Mr.
Lloyd that Great Britain, through the
agency OF the Rothschilds and other
prominent bankers, had secured con-
trol of the American government.
While the agents OF the money power
are going up and down the country
trying 10 deceive the people with the
hyDaeritieal phrase of Sound money" 4"
and declaring that British capital will
not come to this country unless our
financial system is on the gold hasis,
such financial students as the editor of
the London Statist are wondering why
We do not secure British capital by go
ing To silver basis
AS matter of fact, the silver stand
ard seems to have great charms for
British investors. Not so very long
ago tho Rothschilds, Of London, drew
s5O,00O,Oo0 of our precious gold-onr
sound" money-exchanged it for de-
preciated Mexican dollars and invested
it in Mexican industries.
We think the people are coming to
understand the full meaning OF
sound" money as employed by the
ngcnts of the bondholders and gold
spcculators If their experience dur
ing the past three years has not opened
their eyes they deserve to be saddled
with the robber system for another
term of years. Atlanta Constitrtion.