The Penn's Grove record., 1896-10-30
THE GRIP OF GOLD.

In view of the remarkable political situation, al arnle from the London Financial
NapS of March 10th, last will least new light OIL the great question nov uppermost in
the minds of a. Americans namely he money question ~ applied to our country.
That paper says
The FINANCIAL SITUATION in the United States is VERY SERIOUS. The Senate has
blocked all relief meNnes proposed by President Cleveland, and Congress is at a dead
standstl on the money question. The free coinage Senators are masters ofthe situation
The condition of affairs N the United States Congress demands the immediate ahu-
ton ofBnish fnances and statesmen. The TRADE of the WORLD is now lin OUR hands,
but it will MOI LoNG REMAIN THERE If 1.-THE Unted States @st oa bimetaLhc basis with
free and unlimited coinage of silver
With the addition Of silver to the volume of money everything in AMERICA would
take OIL a new face; labor and industry would gain NEW LIFE The grip of the gold
Britain would LOSE ZEE MARKETS in South America, Asia and Europe, and American
ships would not be long in capturing the carrying trade the world.
lem. The sound money men and banking interests led by Senator Sherman, Cleveland
and Carlisle, with a PLENTIFUL SUPPLY o MEANS have been beaten The American
people are 10Y thoroughly aroused and educated on the power ant use of money, and
MADE DESPERATE by DEBT n BUSINESS DEPRESSION they aref forcing re- SILVER as
the main iSue.
Great Britain need fear Nc injury to her trade or investment if the Republican party
can foce 'Iroecivet tariff as the main issue N the coming Presidential campaign, but
| a change in England that will be ruinous from its suddennes and severity The dam
age that an be done British manufacturers by a protective tariff is slight compared with
the disasters that would be entaled by a change from a single gold ha complete bhnehl-
lie standard.
tits evident that the Democatc party will not rnominate a man who holds to
President Cleyeands idaso O money and the only hope fol- a CONTINUATION of Mr..
CLEyELANp's FINANCIAL POLICY will be in the sueces of the Republicans in the next
election.
The success of free coinage will BRING DOWN THE RATE OF INTEREST On
none and cause a IMMEDIATE RISE IN THE PRICE of all commodities When
mits and a NEW ERA similar to that produced by the issue of reenbacks during the
civil war will begin. Gold will leave the banks and enter into competition with silver
shut down or crippled since 1892, will AGAIN RESUME their fight for the English
markets.
sound money statesmen as its adherents re dy1ded by powerful actions The Demo
cratic party is also breaking up under the weight of the free silver agitation. 1t matters
not to Great Britain which party succeeds the GOLD STANDARD IS MAINTAINED,
but either of the old parties or a new party which goes into power pledged to FREE
COINAGE will be inimGal and pejudical to English manufactures and trade.
The American people cling with wonderful tenadty to party organizations but FL
NANCIAL EMBARRASSMENT and BUSINESS STAGNATIoN ha. become TOO Sc
LIEF. They areb becoming convinced that 1T cal mott be Iound in the protection theory
as that has been TRIED, and they are masing low on FREE SILVER. When that
issue comes FAIRLY before the AMERICAN PEOPLE. England will regret her anatbv
and adherence to the single gold standard. National Chairman J K. Jones has opy
OF the London Financial s in his possession with this in.