Turner County herald. (Hurley, Dakota [S.D.]) 1883-19??, 1896-08-27

money changer of the world. And she
levies her tribute of exchange on all
the nations that 90 business at her
counter whose mcney is not at par with
her own The countries doing business
with her on a gold basis pay her no
tribute in exchanging Dad money for
good. The silver countries areobliged
TO pay her a heavy discount in the con-
version of their huctuating silver into
gold.
The United States is one of her chief
competitors in the markets of the
world. Upon the gold basis we com
pete on equal terms with her so far as
the currency is concerned in which
our business transactions are effected.
Crippled by deprecated and tiuctu-
ating silver currency, which must al
ways be converted into gold at large
loss in each and all our international
trade transactions, we should be al an
immense disadvantage with her in the
race for commercial supremacy. Why,
then. should England desire that our
money should be as good as hers in the
markets of the world? Why should
England desire that the United States
snould maintain the money standard of
of the commerce and civilization of the
world?
She does not desire it. What she
4 La ,,l,n ,n tbi iS thnt tho
United States should take that fatal
plunge to a silver basis. which for de-
cades to cone would drag us far
towards the level of Mexico as a com
mercial power, and remove from her
path her most dreadful rival in the
competition of the worlds commerce.
I We affirm upon the authoritive
warrant of the facts Of history that the
policy and the interests of Great Brit
ain, as understood by her statemen and
THE Representatives of her financial inter-
tests, are now and always have been op-
Iposed to the adoption of the gold
standard by any other country than
their own. Do you want the proof OF
Hit? We need go no farther for that
| proof than her treatment of the silver
question in India. Until 1852 gold and
silver coins of unequal values circulate
ed in India. but the currency was sub
ject to such capricious iluctuation in
| the relative value of the two metals
and was in such state of disorder and
confusion that in that year Lord Dali
| housie, the governor general, demone-
tzed gold, and silver became the sole
currency of the country. The con
tinued decline OF silver for the last
TWENTY-FIVE years has been so disas-
trous to India, and especially to the
natives. that those who represented
it's interests have for many years been
making a strenuous attempt to induce
the British government to deliver it
from the unbearable evils which aiflict
the land, by putting It's currency upon
a gold basis. This the British govern
ment has steadfastly refused to do, al
though hundreds OF millions OF hers sub
iects were suffering from her refusal to
do it, All she would consent to do
was TO stop the free coinage OF silver In
India. But she would not move step
farther in the direction Of gold stand.
ard. Why not? The answer to thai
; question is the complete and over
whelmihg answer of history to Mr..
Bryan's demagogic speech at Pittsburg.
Mr.. William Douglas, the author OF
an important work on THE Currency
of India, /" regarded as very high au
thoritv, explains the reasons why. This
is his explanations:
All these attempts to give India whole anc
sound currency have been steadiastly overrulet
by the authorities at home. The home govern
, ment has been in the habit of passing on the
8 Indian proposals to the considerations OF com
mittees, consisting of irresponsible theoriZerS
or men under London monetary orstock ex
; change influence. The fixed idea Of the latte
is THAT THE UNITED KINGDOM S REAL
LY THE ONLY COUNTRY THAT SHOULl
HAVE A GOLD STANDARD, AND THAI
SILVER is GOOD ENOUGH FOR ALL THE
. RESI- OF The WohLD. they lNlEi
: HARD. BUT TRIED IN VAIN, IN 1872, re
PREVENT GERMANY FROM INTRoDUC
ING THE GOLD STANDARD AND FRANCE
FROM DISCARDING BIMETALLlSM. The.
found however, the financial statesmen OF Dotl
countries keenly alive to what the bestinterest
, of the people demanded and by no means to D
cajoled into thinking that what was good 70
the United Kingdom should not also be goot
S for then. But although the Londo
: 'octopi' were unable to stop the action o
Franc and Germany in the right direction. mos
> unfortunately India has been whit
: their power and influence. Up till now the
e have prevailed in maintaining state of thing
: in which gold is held to be the right standar
n for ourselves, but the discarded and deprecate
silver of the rest of the world good enough 70
our great dependency.
= This pregnant testimony OF an Eng
J lishmau, thoroughly familiar with th
' subject, is only one. OF many proofs tha
it has always been and is now the stan
: dard policy of England to prevent tn
u adoption of the gold standard by an