Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1896-09-07
AS VIEWED IN ENGLAND.

following article on the money
question outlook in this country
which goes to show how Eng
lish financial authorities abhor
and fear the adoption ofbimetal-
lism by this nation:
"The financial situation IN the
United States is very serious.
The Senate has blocked all re-
lief measures proposed by Pres.
Cleveland, and Congress is at
dead standstill on the money
question. The free coinage SEN
ators are masters of the situa-
ton.
The condition of affairs in the
United States congress demands
the immediate attention OF Brit
ish fnanciers and statesmen.
The trade of the world is now in
our hands, but it will not long
remain there if the United States
goes to a bimetallic basis with
| free and unlimited coinage OF
silver.
With the addition of silver to
the volume of money, everything
in America would take on a new
face; labor and industry would
gain new life. The grip Of the
gold standard on the products
of the world will be loosened
and prices would rise. Great
Britain would loose her market
in South America, Asia and Eu-
rope, and American ships would
not be long in capturing the
carrying trade of the world.
British creditors must now
apply themselves quickly to the
American money problem. The
sound money men and banking
interests, led by Senator Sher-
man, Cleveland and Carlisle,
with a plentiful supply Of means,
have been Beaten. The American
people are now thoroughly
aroused and educated on the
power and use Of money, and
made desperate by debt and
business depression they are
forcing free silver as the main
issue.
Great Brieain need fear no in
jury tosher trade or investments
if the Republican party can force
protective tariff as the main
issue in the coming campaign,
! but if free silver dominates the
American mind and carries at
the polls, it will bring abort a
change in England that will be
ruinous from it's suddeness and
severity. The damage that can
be done British manufacturers
by protective tariff is slight
compared with the disasters that
would be entailed by a change
from a single gold standard to a
complete bimetallic standard.
It is evident that the Demo-
cratic party will not nominate a
man who holds to President
Cleveland's ideas on money; and
the only hope for a continuation
Of Mr.. Cleveland's financial
policy will be the success of the
Republicans in the next election.
The success of free coinage will
bring down the rate of interest
on money, and cause the inmed-
late rise in the price of all COM
modities. When silver becomes
primary money the American
mines will pour their products
into the n1ints, and new era
similar to that produced by the
issue of greenbacks during the
civil war will begin. Gold will
leave banks and enter into COM
petition with silver in the ave
nues of trade, and the manufact-
cries of the United States, which
have been shut down or crippled
since 1892, will again resume
their fight for the English mark
cts.
1t is doub tful whether the Re-
publican party can be held much
longer in check by sound money
statesmen as it's adherents are
divided by powerful factions.
The Democratic party is also
breaking up under the weight of
the free silver agitation. Itmat-
tiers not to Great Britain which
party succeeds if the gold stand,
ard is maintained, but either of
the old parties or new party
which goes into power pledged
| to free coinage will be inirnical