The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-09-29
The Financial News,
,.ss s'lss'i Es ',,s, g q s.5.s Asrn.-.A
ENalANp ANn rAf sllyER QUESTION,

ENGLAND AND TUE SILVER QUESTION
La matesgs OF international policy neither thiA
DOR any other country darea to act ia deliberaS1
antaSonisnl 80 its neighbours. The comfy oG
patiors requires thet no Power should follow d
course damaging. directly or indirectly, to tho
tatercst Of. 2 country with which 10 is at peaceS
at the s6wo time, we seem 70 be shaping towards
aeol,rsewtdch fnaybring us into awkward conGicA
with chs popularsentiment, Il not with thegovernA
ing, powers Of. countries with whom We hold
POLITICALLY friendly relations. In another column
we print extracta from apeech made in the
American Senate the other day by Mrs DON
Cameron, who represents Pennsylvania: The
giss Of Mr.. Camerop's contention vas tha6
the English. policy on the allabsorbing
monetary question is directly antagonistio
to 1mevioan interests, and that the United
States nuss throw of the influence of Englisil
Ideas It eha means TO maintain The steady march
OF her prosperity. There have not beon wanting.
OF late, indications OF growing irritation with this
countryforitsdog-in-the-man ngerattitudetow towardd
aquestion that is corv0lsing two continents, aud
graeely compromising the future Of tho pooreA
States IN Europe. This feeling has been voiced
in America by Senator Lodge, whose proposal
to virtually shut out British goods from the,
United States until we should assent to o
bimetallio convention, though extreme and
absurd, indicates the trend OF sentiment on tha
other side of the Atlantic. Mr. Cameron iS
much nilder, and makes war rather on those
who acclimatise English ideas in America thaps
on this country but tho sentiment has tho salr4
origin in both cases.
Senator Lodge i9 not silver man In theIsua}
sense, being opposed ontand -out TO free coinage
In the United States under existing conditfonst
ard, therefore, his views, though tinged With
strong feeling, may attract more attention here
than those Of tho pronounced bilverites~ Mr.
Lodge is: very bitter about the failure Of the
Brussels conference Of last year, where the attp
ude oftio British official delegates was scarcely
/" lcssthan discourteous "tothe United States, and
lie believes that hne-tenths Of the American
people regard it In that light. A feeling of thiS
kind Is not to be lightly ignored. We have
frequent diplomatic differences with the unitoa
States; but, as rule, there 10 seldom Asso;
clated with these any Bense Of animus 6Stwecu
the peoples OF tho two. countries, end. guch
Squlbbes pass over and ore forgotten, But now
@o nrD encouraging the growth OF foeling
that on q question which affects tho prosperity
Of nillions Of individual Americans this
country is inclined to entertain viewa unfriandly
TO the States. We know, OF course, that tho
unftiondliness is accidental, and chat our none.
tary policy Ia controlled by purely selfish con.
siderGtions-so purely selfish that we do not
mind eoeing India suffering from udf action
are sufficiently oid-fashioned to. believe that
It is tho part Of friend to chow himself friendly
and when this country turns deaf ear TO the
plaint Of has che world, including all the New
World, they, not unneturally, take eitunkindfy. II
Is not for rs to cay wheth0r the feeling Of irri,
tation is wholly justified or not; IL exists, and
that iu the main point, Moreover, 1t Is taking
q shape that may entail worry awkward conse;
auenccs on U.s. The recent proposal to coin
Mexican dollars in San Francisco was bid
towards giving us nm object lesson by ousting
us from our commanding position In Eastern
trade.
Senator Cameron points plain moral when
Ls' remarks that Ii the United States Would
venture to cut herself adrift from Europe and
take outright to silver. she would have alb
America and Asia at her back, and would conf
Inand tho markets OF both Continents. "Tha
"barriei OF gold would be more fatal than any
"bariier Of cpstom-house. Tho bond Of silver
"would bs stronger than any bond Of free
" trade" There can bs no doubt about it, that
lf the United States were to adopt silver,
basls tomorrow, British trade would be ruined
before the year~ was out Every American
industry would bo protected, not only at homo
but in every other market, OF course, the
States would euQfer to certain extent through
hayilg to pay bor obligations abroad Ia godg
put the less on exchange under this head would
be nero drop in tho bucket compared with tho
proits.to bs reaped from the markets Of South
America and ASIA. to say nothing Of Europe,
The Joarvel Is that tho United States has not
long ago seized the opportunity, and but for the
belief chat the way OF England Is necessarily the
gay to commercial success end prosperity, un.
Sopbtedlyt would hayS been Gone longaS6 Now,
Americans are awakening 10 the fact thab
$50 long MS they marrow their ambition to be,
& { coming larger England" they cannot beat
ns, y has boon q piece Of luck for us
bhab u has never before occurred To the
Americana 70 scoop us olt Of tho world'a
marketo BY going an o silver basis, and II
might servo us Sight III irritatol by The .con-
teisptuous apathy Of our Government TO-. tho
gravity OF the silver problem, tho Ansrrana
rctaliate by freezing out gold. 1t could easily
DO done, and we propose, shortly TO show, by
evidence collected from perfectly Nnprejndiced
sources that evon now tho process hos begun,
end is proceeding at rate that will estonish
most people, and probably make this country
regret that it did not at an earlier stage fashion
It's monetary policy on principles Of rricpdlinoS
10 other nations, instead Of on basis Of short
sighted .seldahness. 19s7-