The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-11-23
URGES ENGLAND To
HOARD WAR" GOLD
Banker Believes Great Britain
Should Follow Example
Set by Germany.
HAS FEAR FOR NAVY
Others Hold View That Brit
ish Paper Will Always Be
Good Anywhere.
HAS FEAR FOR NAVY
Special Cable TO The Tribune.

Special Cable to The Tribune.
LONDON, Nov. 22.-Since Germany,
few weeks ago, refused for the second
time to accept Winston Churchill's in
v1eation to naval holiday, the old
fear Of Germany's hostile intentions
against this country has. once more been
revived, and just at present many pes
simistically inclined Englishmen arc
worrying because England, unlike Ger
many, does not possess an Immense war
fund In coined gold.
The first note Of alarm was sounded
by Sir Edward Holden, O well-known
banker, in an address at the University
Of Birmingham, and now the whole
country is discussing the advisability
Of storing up somewhere q golden
treasure similar to the millions which
Germany has kept ready for An emer-
geucy in the famous Julius Tower in
Spandau ever since she received the
French gold as a war indemnity from
France.
Gold Must Be Support.
Tho supporters of Sir Edward Hol-
don 3 opinion insist that England 3
navy may prove absolutely useless if
In q moment Of war there should arise
a financial panic, which would prevent
the government from raising the neces-
gary means to operate the navy. They
also hold that the very fact Of possess
ing war chest would servo the double
purpose Of making Germany hesitate in
attacking. England and Of giving
faint-hearted ones confidence, and
thus making war scares impossible.
With this statement in view we may
against the war chest, for there are
dull times when these papers could not
exist without war scare.
Other people are almost offended at
the thought that 1t should be necessary
for Great Britain to hoard up gold, as
they are confident that no matter what
the conditions the whole world would
be only too delighted to take British
paper money for gold. A war chest is
only necessary for country like Ger
many, which Is always borrowing
money not for England, which is con-
L1huSlAJ IoAN1oA Avs
"Knocks" Conservatives.
The real reason why the Unionists
are continually prodding the govern
ment into running the risk Of another
general election, Before the home rule
question 10 finally settled, is the
knowledge that when home rule shall
hhve been established and proved
success, as no ono doubts 1t will, the
conservative party will stand ebso-
lutely without any platform, while the
government will put It's trust In Lloyd
Georges g land reform scheme. This has
not only been well received by the
masses Of the English people, but has
been openly Endorsed by a number of
prominent conservative mon large
minded enough to place the general
welfare Of the nation above party
tactics.
It was this fact which prompted
Bonar Law to take such q gloomy view
Of his party's future as he did at New
castle the other day, when he declared
that he did not believe In the theory
Of the political pendulum, and feared
that IL might be long time before
England should again sec q consorva-
tive statesman at the holm.
The position Of the Conservative
party at present Is bad enough even
with tho Ulster question to keep it
alive, but IL Will be desperate as soon
as Ireland proves to be satisfied with
the new order Of things.