Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1897-09-25
THE Silver

The Salt Lake Tribune Of the 2lst inst.
has the following The rage OF the gold
press over the statement by the Cover
nor Of the Bank Of England that he had
promised, under certain contingencies,
10 carry in silver 20 per cent Of the re-
serve in the great bank, is SO furious that
up TO date il has not grown cool enough
to reason c~oherently. If the promise has
been made, whom has it been made to!
Manifestly one particular man. and about
the only man who would have authority
to ask that question, namely. Sir Mi
chael Hicks-B Beach, the Chancellor Of the
Exchequer OF Great Britain. What does
that indicate? Evidently about this
swer to the representatives of the United
States and France : 1--WE will open the
mints of India, carry 20 per cent OF the
reserve ON our side of the bank in silver,
and issue flO, 900, 600 in silver notes.
That il . good deal more than we did
between 1916 lat which time we went
to . gold standard) and 1873. when you
changed your standard. You say you
desire to restore matters to where they
stood then. W. are ready to do our
part" We take it that will be about
the reply, because that has already been
foreshadowed. That is what the resolu-
lion meant which passed Parliament
without q dissenting voice on March IL,
1896 ; that is what Sir Michael's speech
on that same day pledged Great Britain
to. Some of our own gold press cry out:
But silver has fallen since them" The
answer is that it will be easy to bring
back the price, and moreover 5000, 600
human beings, subjects Of Great Britain,
have died Of starvation since then, and
quite half those deaths have been due
more to . famine Of money than TO . fam.
inc Of bread.
Assuming that the Government Of
Great Britain takes about the position
outlined above, then the next question
will be, "What will Germany do ?"
That is . more difficult matter to pre-
dict, for Just now Germany is in bad
humor with Great Britain, and Of course
hates every bone in the body of France.
But Germany has become q great COM
meroial nation, and she 10 as anxious Is
any other power not to have to deal with
constantly f~uotuating exchanges. More
over. we think that Russia will not only
At once accept the programme, but will
use her good Offices with Germany. OF
course our own gold press will join that
of England and try to cry the matter
down just by the loudness Of their shout.
But II that agreement IL made another
factor will come 10. Wheat advanced
In value very swiftly under The bullinq
OF the spectators, after the frst Of June
OF this year. bat that was nothing TO what
will come TO silver within . week after
that agreement shall have been made.
With the advance In silver, prices will
advance ell along the line, and the pas
sionsts assertions Of the gold press that
recognition Of silver % money could not
affect the price Of silver bullion will be
refuted in . way 10 leave them speech
less, and 10 . mood to wish for that pig
ment which 10 10 said the French have
discovered and which renders the gun
boat painted with 10 invisible to the rest
Of the feet. Il will mean that the Gov
srnments OF civilization have determined
that the creditor class Of this world has
no right to 90 manipulate the finances Of
the world a. 10 cause all the money TO
gravitats 10 that olass, and leave without
reward the working forces Of this old
world. The situation 10 filled with prom.
lee that justice 10 about 10 be done.