Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-08-07
WANING ENGLAND

WARHING ENGLAND
We believe that the London fnan-
cial News is regarded as an authori
ty on both sides of the Atlantic, and
yet 1t is saying strange things Just
now about the free silver movement
in this country:
There is plain moral in the 70
mark that If the United States would
venture to cut her self adrift from
Europe md take outright to silver
she would have America and Asia at
her back and the command of the
markets of both countries. The bar
1er of gold woulp be more fatal than
any barrier of q custom house. The
bond Of silver would he the stronger
than any other bond of free trade.
There can be no doubt about It
that If the United States were to nd
opt q silver basis tomorrow, British
trade would be ruined before the
year was out. Every American would
be protected, not only at home. but
In every other market. OF course the
United States would suffer to n Ger.
tam extent Though having to pay
her obligations abroad i'll gold, but
the loss of exchange under this head
would be mere drop in the bucket
as compared to the profit to be reuped
from the markets of South eAmeIica
and Asia, to say nothing of Europe.
The marvel is than the United States
have not long ago sliced the oppor.
tunity. 1t has been a piece of luck
that it Inns never occurred 10 tho
Americans to scoop us out of tho
worlds market by going on silver
basis and it might serve US right if,
irritated by the contemplate apathy
OF our government toward the silver
problem, the Americans retaliated by
freezing out gold. 1t could be cas-
lily done"
We have hearG this prophecy be
fore. 1t has been made by more than
one prominent European writer on
finance. Moreton Frewen has insis.
ted for long time that the United
States was blind to its own interest
IN hesitatingto adopt free silver coin.
age and then enter into commercial
union with Asia and South America.
He always insisted that under
such an arrangement the silver coun
tries OF the world, while they might
sell to England, would do their buy
ing here. Professor Ahrent, the
great German authority, has also
argued that the United States, if fol-
lowed by Germany, Belgium, and
ltaly-as he thinks it would be, soon
er or later could, through the me
dun of free silver coinage, almost
destroys England's foreign trade.
lie has been extensively qnoted by
the gold men, but chiefly as to the
difficulty, in his opinion, of our &C
ting alone. He has invariably said that
a concert of action among the nations
named above wonld give them con-
troll of commerce in every quarter of
the globe. And now comes the Lou
don Financial News, with the posi-
tive statement that free silver coin
age by the United States. acting in
dependently, will multiply its trade
beyond conception and isolate Great
Britain so far as concerns the silver
using countries.
1t is needless to say, of course,
that the Post does not intend TO
surrender Its convictions at the in.
stance OF British newspaper The
Post, however, believes in a fair and
impartial discussion of public ques
tions and we therefore reproduce
tins rather unexpected uttoraDce as
contribution to the Controversy
contribution, by the way, from a
source hitherto regarded as of hie
authority.
Washington Post
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