Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1898-06-18
a nAr OF LrsHr roR sILvEE'

-
silver has been slowly spprecisting 10
price of late, and the reason given mas
been that il was wanted By Spain. IL"
pos.ible that there isa deeper reason.
The following letter from Mr.. Frewen Is
most Interesting and significant, TOT +"
brings . strong indication that the lndiao
copspiracy-shs attempt Of some Gov
eminent officers to place India on q goio
stsudsrd-has broken down, or rA'ner
that the plan has been killed. and killed.
too. BY the rabid gold mile square Of
London. The letter il Is subloined
Editor Tribune / send you BY this
mail the Pioneer. which is the leading
Aop.o-American newspaper. and lite
"le.der" on the Indian currency viii
show you the disaster to that country
occasioned by the mad project Of s5.
The proposals Of the Government to con-
summsss that scandal. no doubs you
have already received.
Bat / rejoice to say that Lord George
Hamilton, the Secretary of State, is 81
last completely d~iscrsdited in Parliament
itself by the support be has given to SIR
James wesslsnd sDd his mad proposals,
and the pendulum in Lombard street is
now swinging so strongly IN the other
direction that we now quite anticipate
the early reopening Of the Indian minss
10 the free coinage Of silver. When l
mention that in the currency OF Great
Britain we have at most ninety million
sovereiQns, and that the proposals OF the
Government Of India would require the
remittance to India by its Government OF
twenty millions, and by British mer.
chants remitsauces. . further thirty
millions Of these sovereigns, you will
have heard quite enough Of this absurd
aud nefarious scheme.
It being impossible to either stand still
or to move forward. the only course for
the Government Of India 10 to go back
and reopen the mints TO silver; and with
the mints Of three hundred millions OF
people who, having no banks, absorb
silver IS . sponge sbsorbs water-with
these mints again open. il seems to me
that in 1900 great numbers of your vot'
ers who did not see their way to support
American free coinage single. handed, will
no longer be influenced by that objection.
1t is interesting, is it not, that the OBJ.
stacls to this fnal blow which was to
have been aimed at silver, is to be found
in Lombard street itselfi Sincerely
yours, MoREToN FREwES.
May "a. 1898.
The Pioneer confirms all that the letter
states. The condition in India is so des.
perate that something will have to be
done very soon or chaos will come there,
and there seems to be no other course
open except to reopen the mints. The
purpose was to borrow EGO. 600. 900 from
England - . basis Tor . gold andard ID
that country. and it probably would have
carried except for the fear that India's
creditors in England would have drawn
the money back about Is soon as il
reached the Orient. Now is the time
when the Administration, IL il had the
precedence Of statesmsnship. would re-
new ito request for international bimet-
allism and would be aggressive in the
request. Right now Parliament would
be in session to hear the call. and our
belief 10 that the matter might, If pre-
sentsd earnestly by our country, to be
fixed In three months. Salt Lake Tri.
bune.