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The English Like It

The English Like It image
Parent Issue
Day
2
Month
September
Year
1896
Copyright
Public Domain
OCR Text

There are few clearer writers on flnance in this country than Edward Atkinson of Boston and here is what he says about the demagogue utterances of Senator Daniels, of Virginia, at Chicago and elsewhere. "In what repute can Virginia be held and in what esteem can her merehants, her manufacturers, her towns, eounties and cities be held when their leading senator lends himself to a forcé bilí of which the main purposes can, in the nature of things, be but two: "First, that of the mine owners to piek the pockets of the people while deluding them with the idea that they are giving them a benefit. "Second, that of debtors to defraud their creditors. "Mr. Daniel thinks that the supporters of the gold standard are doing their work in deference to British influence, when, in fact, he is one of the men, and a very conspicuous one, who is lending himself to the support of British interests against the interest of his own country. "One of the best metal workers of Great Britain lately passed through my office on his way home f rom a trip through India, China and Japan, where he has a large demand for the products of his machine shops, in whieh he employs 3,000 men or more. His remark on our present conditions was this: " 'We have had a considerable market in the United States for our machinery in spite of your high duties. We could not expect to retain it long in the face of your progress in making iron and steel at the lowest cost, but we are developing our markets in Eussia, Asia and Japan, and we shall hold them against any possible competition on your part so long as you keep your monetary system in confusión and your credit bad. ïherefore, the longer you maintain the silver delusion and keep yourselves handicapped to your own discredit the better we like it, and the longer your eompetition with us in the markets of the vvorld wül be deferred.'"

Article

Subjects
Old News
Ann Arbor Courier