Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-04-22
PLAIN TAX EoR John euLL.

| And Some Pointers for Members OF
Uncle SANS Family.
The London National Review, whose
editor, Mr.. Maxse, will be remembered as
having done some writing on the sub
| ject of bimetallisGn. from the stand
point of this country while on trip
here during the campaign of 1896. is
continuing the work most effectively.
In an article by Mr.. y. j. Farady. ON
John Bull and Silver" is given some
truths which must strike home, and
should be profitable here as there. Mr..
| Farady premises with cutting obser-
walton on the Inconsistency of the re-
| joicing of Great Britain, irredeemabIy
free trade nation, at the success of the
party and man in America, which Of
all the world represents the extreme
of protection. When" says Mr.. Far
| ady, "a Lord Farrer lies down with a
Mckinley, and a Lord Playfair-a chem
list and therefore physicist-practi-
cally denies that a natural law must
necessarily be true in all its applica-
tions, the time seems particularly APP
propriate for an inquiry as to what are
the real interests of Great Britain in
the settlement of the great controversy
which leads to such strange results"
Mr.. Farady then proceeds to remind
Great Britain that he has had a vital in
terest in retaining silver ever since Sir
Robert Peel, 1914, provided that the
Bank of England should maintain some
silver reserve in order to have silver
in hand to deal with silver-using coun-
tries. The necessity of silver in the
currency was freely recognized; he says,
in 1853 by the opening of the mines of
India to it's free coinage.
Mr.. Farady informs his gold standard
readers that it was not the influx of
gold, but the demand for money for
improvements, railway buildings and
improvements, in India that stimulated
the exodus of silver to the east stimuli
taneously with the discoveries of gold
in California and Australia. "In other
words" says he, sit was not the gold
that drove out the silver, but the export
of silver to develop India which drew
the gold to Europe" Also, that under
free coinage of silver India was devei-
oped rapidly, her people saved money,
her currency flowed to Central Asia, to
China and Japan, to the Straits settle
to Africa; but under the existing sys-
tenn, as Mr.. d. Yule, one of the greatest
bankers of Calcutta, has just admitted,
the stringeney in money has at no time
been so great or the outlook SO hopeless
in the Indian domain of the British en-
pire as at the present time.
Mr.. Farady points out that from 1881
to 1896 the authorities OF Great Britain
admitted that the renewal of bimetal-
ism was commercial necessity, that in
1889 Mr. Goschen declared that any ma
ton which reopened its mints to silver,
or took any step in favor of that metal
or towards the reestablishment of the
bimetallic system, would confer ben.
eft on the whole civilized race" If
Great Britain has drifted from the DO.
sition, it has made a mistake, thinks
Mr.. Farady, and the mistake 10 one
which the British public will sooner
or later correct when they are made
aware of their error.
In conclusion, MIR. Farady declares
that the opening of the mints of the
United States to free coinage would,
in his opinion, be immediately followed
by Holland, which would assure the
early assistance of France and the Inn
mediate aid of Spain, while Germany
would not be far behind. AS TO India,
it is impossible that the reopening OF
her mints' can be long delayed.
1t is unquestionable that upon such
statements hang the hopes of the sim
cere republican bimetallists of accom-
plishing international agreement.