Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1896-08-18
JOHN BULLS APPREHENSION.
A most Remarkable Article That should
be Read by All America.

The Financial News of London
says:
"The financial situation in the
United States is very serious, and it
demands the immediate attention of
British financiers and statesmen. The
trade of the world is now in our hands,
but it will not long remain there if
the United States goes to a bimetal-
lie basis with free and unlimited coin
age of silver.
with the addition of silver to the
volume of money everything in Amer
lea would take on new face; labor
and industry would gain new life.
The grip of the gold standard on the
products of the world would be loos-
ened and prices would rise. Great
Britain would lese her markets ia
South America, Asia and Europe, and
American ships would not be long in
capturing the carrying trade of the
world,
British creditors must now apply
themselves quickly to the American
money problem. The American peo-
pie are now thoroughly aroused and
educated on the power and use of
money. and made desperate by debt
and business depression they are
forcing free silver as the main issue.
Great Britain need fear NJ injury
to her trade or investments if the re-
publican party can force protective
tariff as the main issue in the coming
presidential, campaign. but if free sill
yer dominates the American mind and
carries at the polls, It will bring about
change in England and will be ruin
GUS from its suddenness and severity.
The damage that can be done British
manufacturers by protective tariff is
slight compared with the disasters
that would be entailed by a change
from a single gold to complete BIZ
metallic standard.
The success of free coinage will
bring down the rate of interest on
money, and cause an immediate rise in
the price of all commodities. When
silver becomes primary money the
American mines will pour their pro-
ducts into the mints, and a new era
similar to that produced by war will
begin. Gold will leave the banks and
enter into competition with silver in
the avenues of trade, and the manu-
factories Of the United States which
have been shut down or crippled since
1892 will again resume their fight for
the English markets.
1T matters not to Great Britain
which party succeeds if the gold
standard is maintained, but either of
the old parties or new party which
goes into power pledged to free coin
age will be inimlcal and prejudicial
to English manufacturers and trade.
The American people are missing
now on free silver. When that issue
comes fairly before the American peo-
pie England will regret her apathy
and adherence 10 the single gold
tandard."
The above from the Financial News,
of London, is absolutely conclusive as
to the following propositions, to-wit:
|. That the gold standard will
greatly benefit British capitalists and
enable them to control the financial
policy and business of the world and
to the greatest possible injury of the
business and people of the United
States.
2. That the fire coinage of both
silver and gold at Is to l in the Uni
ted States will relieve the people of
the United States from their present
financial dependency upon Great Brit
ain and enable them to assert and
maintain their financial independence
and become what they ought to be,
the leading and most prosperous peo-
pie on the face of the earth.