St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1896-09-19
An EngiIsh Rlnaneies.
n. 0sssss,i osgs y We Wee
Amsrissn les Wssld Ssy-
post Dsysa.
The United states IL Big Esoash.
llioh Esough. and Strosg
EsousL 70 l1aimtain the
Par Of Exchange
Alone aud Sotile
The Ratio Of tio World.


The Ratio Of tle World.
Mr.. ". H. 0renlell 10 the Presi.
dent Of Che General Council Of the
1imstallic League Of England
Like Arsrdlt and Won Kardof, in
Germany. he has nos abandoned
the theory. hitherto generally held
in Europe. that Tree coinsge by the
United States alone would iRjars
I've cause Of iutssnalional BIZ
,netalissn. and has reached the con-
clusioE that il America will lead the
way. Europe viii have to follow.
III I were Q cisizsu Of the Unitel
StAtsa.' % be remarks io the following
interview. II should 60 about With
l6 10 badges all over me. : > :
I believe that il tbs systsn were
given fair play the United States
10 big enough. rich enough. and
strong enough TO maintain tho par
Of exchange alone aud 10 settle the
ratio OF the world"
In iisesssisg this great question
with reference 10 sbs United Stats~
and England" said Ms. Grenfsll.
''thsrs 10 one important point which
should bs borne in mind. and that
IL the lact that With ~ the woric
'bimetalist' bears . different mean.
ing fr6m what j: bears with you.
In the United Etates. - l under
stand, = bimstaiist 10 one wbo
wishes tI.e United States to adopt
the bimstallic system without any
int national agreement with other
COUNTRYSIDE 90 it alone. in fact;
whereas iu this co:,ntry Bims iallic
League exists for the purpose Of
securing by international agree
msut . stable monetary par Of *
change between gold and silver.
With az bimetallism means inter.
national bimstsllism; with you il
means bimetallism ios the Unit al
states independent Of any agree.
,nsnt with foreign countries. Tbi.
difference opens up . most mo-
meutous question: What would be
the effect Of the snoeess OF tbs BIZ
metallic party in the United States?
Or, in other words. what would b
the effect on tho United States and
On The world gsnssally il Tho United
States adopted bimetallism 1t 16 10
I without AN international agree
nent with foreign couLtries3 On
shis point / may ut once say that ]
am 1t variance With what hss hitler.
to been the feeling Of the l;ogiisl'
Bimstallic Lsagus. Tie lskgus il
10 Tie policy Of single
handed bimetalissu for the United
States for two reasons first, be-
cause they arc afraid that the
Unitsd States single handed may
not be able 10 maintain the mone-
tary par Of exchange between the
two metals. aud % bring discrsdii
and failure upon . system which
ehey r.aiotain 10 be sound aud or.
and thue pat The whole
system buck. aud. second because
they are afraid Of seeing = gold
in New York which would
act ~ . protective duty against our
sxports there. and give them. by
establishing common medium ii
exchange. IN advar irgs over a. il
Trading with tho East.
DO you think that the United
States would 10 we'll 10 return IL
Tree silver coinage. without regard
10 what any other country may do
VI may not dot" I asked.
Il do. most certainty" said Mr.. |
Grssfell. III I were . citizen Of
The United States / should 70 bout
with Is to l badges ell over me.
Am . pretty good nuisance to my
friends here about bimstallism. but
oyer there I should b avoided like
, peslilsnce. { believe that IL The
.ystem we're given fair play The
United States 10 big enough, rich
enough. and ssr0nv enough 10
maintain The par Of exchange alone
and 10 settle tie ratio Tor the world.
I believe that other coun-
tries would soon follow her exam.
pie. Anyhow. gol.i has been drawn
IRON the soantry for some tune,
MA il does nOt Seen l logical way
70 tssp oues gold By Increasing
Dns's gold indsbtsdnsss, which 10
apparently the 'soun.l money PIN.
aesa. Sa2pos;rg that On the pa.
sage Of . FREE coinags net in The
Uoitsd States there Vas . panic,
Md gold left the country in large
Quantities, and there was = gols
premium in New York, what would
naturally happen! The gold would |
sems 10 Europe; there would b = |
great ssimulus ~ The exports Of :l.s
DATED States in consequences Of The |
higher gold prices. aud the gold
voald dow bsck naturally ia the |
,ourse Of trade. / would much
rather try 70 keep gold IN The |
Uuitsd States BY going on 10 silver |
han by raising gol6 loans"
REGISTRATION NOTICE.
I will Be at the following places on
he days Of the dates meutioned below |
los the purpose Of Registering all par
les entitled 70 Registration, and re-
'isisx Pom books, - required By law, |
= wit: