Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-03-16
Great Britain.

| To the Editor of the Dispatch:
Political economy is provocative Of som
nolency, and possibly this letter, II read
| may give sleep to some insomnia-curseu
man.
Great Britain buys from foreign ma
| lions $70C00c00 more Of food products
! raw materials. and merchandise than II
sells TO foreign nations; but think not
| that that nation Is fastening TO begsary
! for there are three or four sources from
which this large balance Is more than
! eyened up I'm cold. hard, cash. The capt.
tallsts OF Great Britain have foreign loans
amounting 10 $4,000 600 on which it Is
| fair TO think they receive $500, O0C0 an
nually; foreign freight meO, not less than
| $50 600; official salaries paid the high
magnates who govern the Colonies and
! dependencies Of the Empress Queen OF
England: remittances sent home by Eng
| lishmcn, ScOtchmen, Irishmen, and Welsh
men engaged I'm business or traflicking in
every land beneath the sun, cannot be
less than 500 100000 These three items
make $910. 600, CO., and there are many other
streams which flow into that favored land,
carrying a golden flood, which, like the
Niles waters. enrich whatever they flood.
Tourists. students at the seats Of learning,
artists. leave foreign gold; and as it Is
a mere bagatelle, we Will add $%,O,OtD
TO the 100000 and make IL an even
$1,000, 10000 which, after settling the bal
ance between imports and exports, the
aforesaid $7O0C0O,0O0 finds its way to thu
vaults of the adventurous sons of Albion's
Isle each and every year; but II stays
not there: for this - 000s10O00 abOve-men-
toned as being due TO English capitalists
is money loaned i'm Egypt, India. the
United states, Argentina. &c, &c. the ac-
cumulated earnings from the above
sources and other gains on their home
business. But | say nothing Of the inter-
nal trade Of Great Britain. 1t being not
necessary to the object / have i'm view in
writing this letter which is to show that
being n large purchaser of raw material.
food products. and articles of luxury, to
the value Of 81 $685. 100000 yearly. and the
rpcipient Of $l.W0O00.00D of the worlds
money. the fnanciers Of England would
be dull indeed If they did not
strive to make the money Of their
country have the greatest purchasing
power possible They are therefore al
most all Of them I'm favor Of the gold
standard. though there are some who
would possibly be willing to allow silver
to have more power. but only as an aux
Hilary, not as of equal legal-tender value
with gold.
This Is said with no animosity against
the EuBNSu people, lDI IL - rum AhNil
that we sprang. If there had been no
England, such as it was, there would
have been no America, such as it Is.
Our laws. our religion, our customs, are
much alike; our speech the same. To
England the world is indebted that there
is freedom to-day anywhere among the
nations Of the earth. I'm that land, even
when ruled by tyrants. the gentry-the
main body of the peOple-sturdily resisted
the entertainments OF klngly power. and
there never was time in England when
there were not men Of learning. phiOsO-
pliers. patriots heroes. who We're willing
to lay down their lives rather than SUBJ
nit TO unlimited government, such as all
other nations have. it may be after some
resistance, bowed the neck 20 and remain
ed passive. And thus to-day not here in
America are the rights of the people more
iealously guarded. or is there a more truly |
repre- sentative government than that the !
English reOTie have-freedom Of speech |
freedom of action within the limits that |
one shall do no harm 10 his ncishbor.
T.. G. GODDIN.