Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1896-08-01
THE POWERFUL GRIP OF GOLD.

London England Financial News is considered by all
leading be authority all matters of finance Now that
political parties of the United States has declared in
it's platform for the single gold standard the following is OF In
interest
LONDON, March 1O-The London Financial News says
rhe financial situation in the United States serious
blocked all relief proposed by Pres
Cleveland and Congress is ut dead stand still on the
question The free coinage Senators are masters OF the
situation.
"This condition United States Congress de-
u,ands of British nanciers and sates
men, The world hands but it will not
long remain there goes bmeaic basis
with free unlimited coinage of silver.
with the addition of silver TO the volume of money every
thing America would take face labor and industry
would gain life The grip of the gold standard on the prod
the world would be oosened and prices would RISE
would lose her markets in South America Asia
Europe American bottoms would not be long in
turing the carrying trade of the world.
creditors apply themselves quickly 10 the
money problem The sound and banking
led by Senator Sherman Cleveland and Carlisle with
plentiful supply of MEANS have been beaten Inc american
people thoroughly aroused and educated on the power
money and made desperate by debt and business de-
PRESTON they forcing free silver the main issue
Britain need fear injury to her trade or invest
ents If the party protection tariff the
main issue in the coming presidential campaign but free
silver dominates mind and at the polls
will bring change in England that will be ruinous from
it's and severity The damage that can be done to
British manufacturers by protective tariff is slight COM
pared that would be enaed by change from
n single gold o a complete bimetalic standard
1T evident that the Democratic party will not renomnate
man who holds President Cleveands ideas and
the only hope of Mr. Cleveands financial pol
icy of the Republicans in the next election
of free coinage will bring down the rate OF in
teres immediate rise in the OF all
commodities silver becomes primary money the Aneri
can pour their products into the MINIS ana new era
produced by the issue OF greebacks during the
civil begin Gold will leave the banks and enter into the
competition with silver and the anuiaco
ries which have been shut down Grip
Piled 1892 will again resume their fight for the English
markets -
1T is doubtful whether the Republican party can be held
longer check by sound money statesmen as It's ndhef
divided by powerful factions The Democratic party 10
also breaking under the weight OF the free silver agitation
II matters Britain which succeeds if gold
standard but either OF the old parties or
party which pledged to free coinage will be in
imica prejudca English manufactures and trade
American people cling with wonderful tenacy to party
business
ton for patience and they ready
for any change promises relief They becoming
ynced found in the protection theory that
has been tried massing free silver. When
that before the American people, England will
regret apathy and adherence TO the single gold standard