The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-04-23
PLAIN TALK FOR JOHN eULL
And Some Pointers for Members Of
Uncle Sans Family.

--N-~ l-A--- - -
The London National Review, whose
editor, Mr.. Maxse, viii be remembered as
having done some writing on the sub
ject Of bimetallism, from the stand
point Of this country, while on triI
here during the campaign of 1895, il
continuing the work most effectively
In an article by Mr.. T. J. Farady, OF
John Bull and Silver" is given somi
truths which must strike home, anC
should be profitable here as there. Mr.
Farady premises with a cutting obseF
walton on the inconsistency of the re
i0icing of Great Britain, irredeemably
a free trade nation, at the success Of thu
party and man in America, which o
all the world represents the extrems
of protection. "When," says Mr.. Far
ady, 50 Lord Farrer lies down with
Mckinley, and a Lord Playfair-a chem
list and therefore a physicist-practi
caliy denies that a natural law mus
necessarily be true in all its sppliea
tons, the time seems particularly sp
propriate for an inquiry as to what art
the real interests Of Great Britain il
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 Sh
Robert Peel, 1874, provided that the
Bank of England should maintain some
silver reserve in order to have silver
in hand to deal with siIyer-using cOun.
tries. The necessity OF silver in tbs
currency was freely recognized, ne says
in 1853 by the opening of the mines Of
India to its free coinage.
MIR. Farady informs his gold standard
readers that it was not the influx Of
gold, but the demand for money fol
improvements, railway buildings anC
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 ne, st was not the goIt
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, t.
China and Japan, to the Straits settle
ments and even to Asiatic Turkey snC
to Africa; but under the existing sys
TEN, as Mr.. D. Yule, one of the creates
bankers of Calcutta, has just admitted
the stringency in money has at no tint
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 18S.
to 1896 the authorities of Great Britain
Admitted that the renewal of bimetal
lism was a commercial necessity, that il
1889 Mr., GOschen declared that any ma
ton which reopened its minis to silver
or took any step in favor of that meta
or towards the establishment of tn,
bimetallie system, would confer ben
eft on the whole civilized race" 1
Great Britain has dFifted from the DO
sition, it has made a mistake, think
Mr.. Farady, and the mistake is on
which the British public will soOne
or later correct when they are mad
aware of their error,
In conclusion, Mr.. Farady declare
that the opening of the minis of tn
United States to free coinage would
in his opinion, be Immediately followet
by Holland, which would assure tn
early assistance of France and the i'm
mediate aid of Spain, while German,
would not be far behind. As to India
it is impossible that the reopening o
her mints can be long delayed.
1t is unquestionable that upon sucl
statements hang the hopes of the ain
cere republican bimetallists of accom-
Plishing international agreement