The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-12
TERMS
The Flnanrial NeWS,
ENGLAND And THE SILVER QUESTION,

In matters of international policy neither this
any other country dares to act in deliberate
antagonism to its neighbors The comfy Of
nations REQUIRES that no Power should follow a
course damaging, directly or indirectly, to the
interest of country with which it is at peace.
course which may bring us into awkward conflict
with the popular sentiment if not with the govern
ing powers of the countries with whom hold
politically friendly relations. In another column
we print extracts from speech made in the
Cameron, who represen is Pennsylvania The
gst of Mr.. Cameron's contention was that
monetary question n' is directly antagoniatic
to American 49,, Interests and that the United
ideas if she means to maintain the steady march
of her prosperity. There have not been wanting,
country for its dog-n-the manager attitude towards
a question that is convulsing two continents and
States in Europe This feeling has been voiced
in America by Senator Lodge, whose proposal
United States until should assent to
bimetallic convention though extreme and
other side of the Atlantic Mr.. Cameron is
ueh s ana nab des war IN 0s 4Ss
on this country; but the sentiment has the same
origin in both
sense, being opposed out and out to free coinage
in the United States under existing conditions
fa those 81 b nr caG Ors veite RI
Lodge is bitter about the failure of the
Brussels conference of last year, where the atti-
tude of the British official delegates was scarcely
less than discourteous" to the United States, and
he believes that nine-tenths of the American
people regard 1T in that light. A feeling of this
kind is not to be lightly ignored We have
frequent diplomatic differences with the United
ciated with these any sense of animus between
the peoples of the two countries and such
squabbles pass over and are forgotten. Blu. now
encouraging the growth of feeling
that a question which affects the prosperity
of millions of indiv idual Americans this
country is inclined to terrain views unfriendly
to the states. We know, of course, that the
tary policy ts controlled by purely selfish con
siderations-so purely selfish that do not
mind seeing India suffering from action
much more than America does The Americans
sufficiently od-fash toned to believe that
it is the part of friend to show himself friendly
and when this country turns deaf to the
plant of half the world including all the New
World, they not unnaturafly, take i unkindly. 1t
is not for us to say whether the feeling of irr-
taton is wholly justified or not it exists, and
that is the main point Moreover, it is taking
shape that may entail very awkward conse
quences on US The recent proposal to coin
towards giving us an object lesson by ousting
trade
Senator Cameron points a plain moral when
he remarks that if the United States would
venture to cut herself adrtft from Europe and
take outright to silver, she would have all
America and Asia at her back, and would com
mand the markets of 9th Continents. "The
barrier of gold would be fatal than any
barrier of custom house. The bond of silver
trade There be doubt about it, that
if the United States were to adopt silver
before the year out. Every American
industry would be protec ted, not only ait home.
but in every other market. Of course the
states would suffer to a certain extent through
having to pay their obligations abroad in gold
but the loss exchange under this head would
be drop in the bucket compared with the
profits to be reaped from the markets of South
America and Asia, to nothing of Europe
THE marvel is that the United States has not
long ago seized the oppo rtunty, and but for the
belief that the way of England is necessarily the
way to commercial success and prosperity, I'M
doubtedly it would have been done long ago. Now
Americans awakening to the fact that
$50 long they their ambition to be-
coming larger England they cannot beat
It has been piece of luck for US
that it has before occurred to the
Americans to scoop us out of the worlds
markets by going silver basis, it
might right if irritated by the con
temptuous apathy of government to the
gravity of the silver problem, the Americans
retaliate by freezing out gold It could easily
be done and propose shortly to- show, by
evidence collected from perfectly unprecedented
sources, that the process has begun
and is proceeding at rate that will astonish
most people, and probably make this country
regret that it did not at earlier stage fashion
its monetary policy on principles friendliness
to other nations, instead of basis of short
sighted selfshness