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Fights For England

Fights For England image
Parent Issue
Day
2
Month
September
Year
1896
Copyright
Public Domain
OCR Text

Mr Bryan in his oratorical excursión Eastward is marking out the Unes, or rather he is following out the lines already marked out by the silver propaganda, on which hi3 campaign is to be j conducted. It is to be a campaign of pure demagogism- addressed to various phases of popular ignorance, prejudice and passion, and not at all to the reason and intelligenee of the people. At Chicago his appeal wíis to the assumed prejndices of the laboring men ngainst those who employ them. At Pittsburg his appeal was to the popular prejudice against England ou the false pratense hat Englar.d favors a gold standard in his country. We propose now to take up this spurious campaign cry of the silver propaganda that the American sound raoney lolicy is dictated or inspired by Kng;nd to show that it is uot only false )ut the exact reverse of the truth. Mr. Bryan averred in substance that those who were opposed to the free and ínlimited coinage of silver by this counry alone were in the position of the tories who in "the struggle of our foreEathers for liberty believed that we ought to continue in this land the political supremacy of Great Britain." and I hat they favored "the financia! j tion of this country by a foreign power, I which was as dangerous to the liberties of the people as political domination." There is no mistaking the meaniug of this language. He mt-ant it to be understood that the policy which for fifty vears bas prevailed in this country of wring our currency based on the gold standard, so that our people should have as good money as the people of England or of any nation in the world, was inspired and dictated by Ecgland. That is ais assumption and tbat is the campaign cry by which he experts to arouse the patriotism of the American people to the support of the free coinage policy of the silver kings. We propose to show not jnly the absolute falsity but the hollow tiypocrisy of this pretense. ■ We dcsire in the first place to cali attention to the fact that Mr. Bryan is one of the most rabid of free traders. His speeches in Congress on this subject show that he is an extreme and uncompromising advocate of that free trade policy which would sweep away all tariff restrietions ngainst the importation of British manufactures and surrender our markets to their unrestricted control. He is the strenuous advocate of a policy which would subordínate American to British interests, shut up our milis and faetones for the benefit of British capitalists, or forcé a reduction of the wages of our workingmen to the British level in order to keep them going. The zealous champion of the commercial and industrial domination of the United States by Great Britain through free trade now comes before the American people and tells them that in advoeating free silver he is fighting agaiust the fiuancial domination of Bnglaad. It is a false and hypocritical pretense. In advoeating free silver he is fighting for the fiuancial domination of England, just as in advoeating free trade he is fighting for its commercial and industrial domination of this country. What interest has England in the maintennnee of a sound monetarr system in this country? Shi is the money changer of the world. Her cities are the cial centers in which are transacted a larjre share of the business of the world. And she levies her tribute of exehauge on all the nations that do business at her counter whose money is not at par with her own. The countries doing business with her on a gold basis pay her no tribute in exchanging bad money for good. The silver countries are obliged to pay her a heavy discount in the conversión of their fluctuating silver into goid. The United States is one of her chief competitors in the markets of the world. Upon the trold basis we compete on equal terms with her so far as the currency is concerned in which our business transactions are effected. Crippled by a depreciated and fluctuating silver currency, which must always be converted into gold at a large loss in each and all our international trade transaetions, we should be at an immense disadvantage with her in the race for commercial supremaey. Why, then. should England desire that our money should be as good as hers in the markets of the world? Why should England desire that the United Status should maintain the money standard of the commerce and civüization of the world? She doea not desire it. What she desires above all things Is that the United States should take that fatal plunge to a silver basis, which for decades to come would drag us far towards the level of Mexico as a commercial power, and remove from her path her most dreaded rival in the competition of the world' commerce. We affirm upon the authoritative warrant of the facts of history that the policy and the interests of Great Britain, as understood by her statesmen and the representatives of her financial interests, are now and always have been opposed to the adoption of the gold standard by any other country than their own. Do you want the proof of it? We need go no farther for that prqof than her treatment of the silver question in India. Until 1S52 gold and silver coins of unequal values circulated in India, but the currency was subject to such capraciüus fluctuations in the relative value of the two metáis and was in such a state of disorder and confusión that in that year Lord DalhOusie, the governor general, demonetized gold, and silver became the sole currency of the country. The continued decline of silver for the last twenty-five years has been so disastrous to India, and especially to the natives, that those who represented its interests have for many years been making a strenuous attempt to induce the British government to deliver it from the unbearable evils which afflict the land. by putting its currency upon the eold basis. This the British governnient baa steadfastly rcfused to do. although hundreds of millions of her subjects were suffering from hor refusal to do it. All she would consent to do was to stop the f ree coinage of silver in India. But she would not more a step farther in the direction of a gold Standard. Why not? The anBwer to that question is the complete and overwheluiing answer of history to Mr. Bryan's demagogie speech at Pittsburg. Mr. Wiülaui Douglas, the author of an important work on "The Curreney of India." regarded as a vctt high authority explains the reasons why. This is h'is explanation: All these attempts to gire India a whole and sound curreney hare been steadfasfly overruled by the authoritles at home The home goverument has been In the habit of passing on the Imlian proposals to the consideration of commlttees, consisting of lrresponsïble theorizers, or men uoder London monetary or stock exchanKe lnfluenees The flied Idea of the latter is THAT THE DNITED KINGDOM IS REALLY TUK ()LY COUNTRY THAT BHODLD HA VB I GOLD STANDARD. AND THAT SII.VFIi IS GOOD EXOUGH FOR ALL THE HEST OF THE WOEU). TIIEY TRIED HARD BUT TIÜKD IN VAIN, IX 1872 rO PRE : 1 -Ni i'ün.i . ,-n, III. SOLD STANDABB AND FBAXCK ARDING BIMETALLISM They found. however, the flnaneial statesmen of both countrJes keenly alive to what the best interests of the people demanded and by no means to be eajoled into thinking that what was good for the Dnlted Kingdom ehouid not also be good for them. But althoiifrh the London "octopi" were unable totop the action of Prauce and Germany ia the right direction, uicist nately India has been within thelr Op lill dow tbe? have lied h'. malutainiug o st:e f thii tü to be the right Standard for ouraelve; but tüe dlsearded and depre■r of the rot of the worid good enough for our great depend - pregnant testimony of an Englishman, thoroughly familiar with the subject, is only one of many proofs that it has alwaya been and is non' the standard policy of Eugland to prevent the tion of the gold Standard by any other natiqn than herself; that her policy and her interests have always been and are now opposed both to the protection and sound money poliey of the Republican party, and that her policy and her interests are faithfully represented by that snbserTient instrument of both. William J. Bryan. the champion of free trade and of free silver. Througb free frade Mr. Bryan and his party are striving to subjugate tie ■1 States to the commercial and industrial domination of British interest. Through free silver they are trying to subjugate this country to the financial dominion of Great Britain. And in face of these manifest facts Mr. Bryan has the colossal impudence to appeal to the patriotism of the American people to support him for president of the United States, that he may carry out these cognate and related poücies of American

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Subjects
Old News
Ann Arbor Courier