The Dawson news. (Dawson, Ga.) 1889-current, 1896-03-04
BIMETALLISM IN ENGLAND.
THE PEOPLE Ole THAT COUNTRY
TIRE OFTHE GOLD STANDARD.

Agriculture Suffers DoubIy from the
Present Condition of the Currency.
A Double Standard the Only
Remedy.
From the Albany Herald.
In England, as well as in the United
States, the masses of the people, and
more especially those engaged in ag.
riculSural pursuits, are beginning to feel
the necessity for change in the fnan>
cial system from the single gold stand
ard to bimetallic basis of currency.
We have before us copy of the Lon
don Mail of the 10th inst, which gives
us :in detail "a report of what transpired
on the 7th inst, when Mr.. Bafour,
First Lord of the Treasury, and Mr..
Walter Long, Minister of Agriculture,
received at the Board of Agriculture,
deputation of representatives of agri>
culture from East and West Suffolk.
Norfolk, Essex and Cam bridgeshire.
who waited on these public function
aries in order to bring under the atten
ton of the government the serious de-
preston of the agricultural industry,
and to urge certain legislative and ADJ
ministrative changes calculated to allie
yiate its present condition.
Among the grievances brought to the
governments attention by thu agncult>
wrists was the Financial policy of the
government. The agriculturists point
ed out the evils of the single gold stand
ard and said that something be done to
check the growing divergence in the rel
alive value of gold and silver with its
attendant hardships to the laboring
classes and agricultural interests.
In his address to the delegation Lor
Balfour not only expressed sympathy
Or the agriculturists, but committed
himself squarely and equivocallY to such
a financial reform in England as would
put that country on bimetallic basis.
We quote as follows from his speech.
Coming from the source which it does,
it is encouraging to the friends of bimet
allism in the United States.
son the subject of currency reform
my opinions are well known to anybody
who takes an interest in the subject.
CHEERS I believe now, as have always
believed, long before the question be-
came acute through the demonstration
of silver and the fall of prices, that the
most stable, and therefore the most
just currency of the world is currency
based upon double standard. (Cheers. }
That opinion, which l held as piOus,
economic conviction when | first began
to study those questions has lately be,
come problem of the first national and
international Importance. (Cheers.) l
entirely agree with those speakers who
think that agriculture suffers doubly
from the present condition of our cur
rency. | believe, in the first place, that
the fall of prices has been largely due to
the artificial appreciation of gold which
followed upon the decentralization of
silver, and I believe, further, that there
is an artificial advantage given to the
producer in silver-using countries from
which the producer in gold~using cOun-
tries necessarily suffers. The govern
ments have been urged to use their in
fiuence with foreign nations to induce
them to adopt some of the means by
which this condition of things might be
brought to an end speak, need not
say. not on behalf of the government,
but on my own behalf. represent, in
all that l have been saying on the cur
rency question, my own convictions, and
4 LII have no right to speak for any OF my
other colleagues; but say distinctly
that the obstacle in the way Of carrying
out currency reform does not come from
foreign governments, The obstacle is
at home, ana unless there can be found
some means Of bringing home to the
large and powerful int erests who oppose
this change how much the national pros
perity in the first place, and, therefore,
secondly and indirectly, their prosperity,
is bound up with this great reform-un>
less that can be done, see grave and
tdificult obstacles in the way of those
who, like myself, are most earnestly de
sirous Of seeing this great and beneficial
change carried into effect"
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