Delaware gazette and state journal., 1896-04-23

The splendid financial condition oil
England, as shown by the recent report
of the Chancellor Of the Excheauer, il
ascribed by the Now York Evening
Post as result of maintaining the
supremacy Of common sense in matters
of government. 1t says:
In England currency and finance are
left BY general consent to experts, ia
men who have given attention to such
subjects, or are engaged in the manage.
ment of currency. A few metaphysi.
clans, or professors, or cranks NAV nro.
claim the near approach of ruin if some
scheme OF theirs be not adopted, but
few mind them. They make their little
speeches, print their little pamphlets,
but the great world of business goes
on lts way. There are no 'gold bugs''
In England. The poorest man is as
much Interested as Lord Rothschid in
having the gold sovereign's quality as
measure OF value, preserved intact.
lhe idea of submitting currency to a
vote at general election enters no
ones head. When the Chancellor of
the ESchcquor says he will not have a
thing that cGds the matter The
ahlest men in all branches are still aq a
rnle put at tho head of affairs for the
genera good. In London, instead of a
commission giving each other the Ije
Tor political reasons, the police Is
governed in silence, order, and al.
lnirablo diaeipline hy u one-armcd
Indian ctl.car, whom no one ever
creams Of interfering with.
The Post contends that tie Same re
cults could bo secured in this country,
by the application OF the Same common
sense mo,uoG4.
Secretary Carlisle Wednesday nd.
dressed the workngmen OF Chicago, at
the Auditorium in that city, upon tho
money question 10 told them plainly
that the free coinage oi silver would
mean disuster to the wage.earner,
Among other things ho said:
You hayo doubtless observed recently
what appears 10 ne quito a formidable
demonstration in favor of the free coin
age Of silver by certain largo manufac
turing interests in the Eastern mart of
the country, upon the ground that II
We continue 10 maintain our present
standard of value the silver standard
countries, especially India, China and
Japan. will soon be able 10 undersel /
tnem in the markets of the world. Re.
dueed TO its simplest form, the proposi-
tion OF these eentleuon is that the
man utactursrs Of certain kinds OF goods
NJ this country cannot continue 10 pay
/ their laborers high wages in gold, or
ITS equivalent, and comnGte Huccese.
tully IN tho markets. abroad with the
manufacturers OF similar goods in
silver standard countries, who pay their
lahorCr5 low wages in deprecated silver,
RnG, therefore, they insist mat q none
tary system shall b" adopted here which
wlll give them the advantage Of paving
Tor their labor in deprecated silver.
The theory is that with free coinage
OF legalt-ender silver the wages of labor
10 this country would be paid in silver
dollars worth about half as much as
gold dollars, but the products of labor.
which would belong to the EMPLOYER,
would he sold for gold in the markets
abroad, and that the gold thus oh
lalned could be exchanged for silver al
about the rate of one dollar in gold for
two dollars in silver, and thus the
process would 20 on, the employer get
ting gold Of full value and the laborer
getting deprecated silver, which, in
Tho opinion of these gentlemen, would
be most happy solution of this ques-
tion.
The death of General Levi CLARK
I'ootes, which occurred in this city on
saturday, removed well.hnown citizen
aai a distinguished soldier who was a
hero of two wars. lie died full Of years
and buuora.