People's Pilot, Volume 3, Number 52, Rensselaer, Jasper County, 15 June 1894 — A RUSH OF CONVERTS. [ARTICLE]

A RUSH OF CONVERTS.

The Failure of Several Countries to Pay Interest to British Bondholders Making Converts to Bimetallism. Gold-grabbing has touched the British pocket nerve until it quivers. The gold standard was all right as long as the effect was only to increase the interest on English investments. But since the goose in the old silver-using 1 countries which laid these golden eggs for English gathering has begun to show symptoms of fatal exhaustion,the usurious Britisher is not so certain i where he stands. More Englishmen have been converted to bimetallism in the last six months than in the previous nearly eighty years since the gold standard was adopted. Lombard street is not only unable to collect interest on South American and Asiatic investments, but is in danger of losing a great part of it principal. Debtors find the task of payment too big for them. England is not yet converted. There is no immediate prospect of English bimetallism. The revival there only exemplifies the revival elsewhere. Bimetallism is coming back, and when it comes it will stay. England may share the double standard with the rest of the world or not. The rest of the world will not wait for her. —St. Louis Republic.