The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-03
.FREWIN TALKS ON FINANCE
INTERESTING DISCUSSION OF
NATIONAL TOPICS.
English Bimetallist Says United
States Will Have Era of Fictitious
Prosperity.

Moreton Frewin, the we'll known
English bimetallist is among the guests
registered at the Knutsford.
Mr.. Frewin. who left London a month
ago, has been watching the develop
ments Of the currency bill at Washing
ton and upon its passage concluded to
take trip out west. In speaking upon
the subject of the currency bill lasE
night he said: The bill which has just
been passed means an era of fictitious
prosperity for the next year at least,
as the result of $500. 200, 600 currency be-
ing put in circulation, this means that
business will be brisk with d CORE
spending increase in imports and under
the circumstances you are bound 10
have a good year
The bimetalllSt then reverted to the
silver question as viewed on Lombard
street and during his comments on the
situation proceeded to maintain that
I the bankers of London were awaken
ing from their Utopian golden dream
and beginning to realize that the ex-
pertinent of the gold standard in India
To-Day was miserable failure. In
England at the present time" he said,
/ mems minds are more or less occupied
with the war but when they pause TO
think on other topics the general feel
ing in London is that the experiment
for the gold standard in India mas
broken down. When the standard was
Instituted the minis were closed and as
a precautionary measure to prevent the
circulation of silver, rupees were melted
down Before the situation had been
long in vogue, however, it was found
imperative to purchase silver and start
up tae minis once more, with the result
that men, such as Sir John Lubbock.
who used to denOunce the bimetallistS
are forced to concede that the expert
ment is a failure.
AS a result of the Indian experience
the banks had to furnish $1,000, GOO
gold and consequently bank rates We're
raised. Sir John Lubbock, who is one
( of LOndOn's largest private bankers, is
now asking what would have happened
: had e50,G 900 gold been placed III
India as proposed when the experiment
: first was launched.
/ II was but step from India to the
question of expansion. Mr.. Frewin
manifested a lively interest regarding
the subject and the ideas of the Amer
lean people upon the same, and pro-
; eeeded to excuse the desire upon the
part of certain politicians toward i'm
peiialism with the remark, well il is
I only natural, for whenever the Anglo
| Saxon race is offered a chance to eX-
/ pand, it will do So"
After continuing in this strain for
some time Mr.. Frewin abruptly broke
off with: Il suppose you want TO hear
something about the BOer war. l must
say I was surprised at the adverse
sentiment manifested toward England
over this war on the part of some mem
bers of the Democratic party. This war
I 10 essentially a war IN a Democratic
cause. a cause Upholding jefferson 8
principles TO the effect that govern
ments derive their just powers from
the consent of the governed. Hereto
fore the governed in the Transvaal
have furnished nine-tenths of the
revenue and constituted twO-thirds of
the population but have been practi-
cally denied the privilege of having a
voice in the government of the country.
I was surprised 10 hear Bryan eX-
press his sentiments on the subject dur
ing a conversation I had with him a
few days ago; his view surprised me
when he contenced that when the ma
jOrity is tyrannized in any community
it should be able TO assert itself by
revolution without any outside inter-
ventiOn being allowed. In England We
would deem a revolution under such
circumstances as were rife in the
Transvaal, TO involve ssassinatiOn
People whose taxes have been con-
verted into guns and ammunition and
who are not allowed to bear arms
themselves are in no position 10 revolt
except by shooting governors out OF
third story windows which l hope
England or America will never resort
to-"
Mr.. Frewin then proceeded to dilatt
upon the Porto Rico tariff bill which ht
summed up as having a tendency Il
hurt the administration and transcend
ing your own constitution" In hi:
opinion the bill will be probably bt
carried to the supreme court with tht
result that il will be declared uncon-
stitutional-