People's Pilot, Volume 4, Number 14, Rensselaer, Jasper County, 21 September 1894 — WAITING FOR ENGLAND. [ARTICLE]

WAITING FOR ENGLAND.

Why Should We Wait Until England Has Foreclosed Before Protecting American Interests? The London money lenders will favor silver when they have closed out Australia, the Argentine Republic and a large portion of the United States and placed the trade of India entirely at their mercy. They will then meet us half way on the silver question, because they know that silver must come into general use in the coinage before prices advance, and without this advance in prices the property they have grabbed would be eaten up by taxes. The News has never believed in waiting for England on the silver question, because her interests in the premises are opposite to ours. It is pleased to find the great newspaper of the middle west, the Cincinnati Enquirer, on the same side of the topic. In a recent editorial on the subject the Enquirer said: “Ours is the greatest silver-produc-ing country on the globe, and the best interests of all who are producing wealth will be immeasurably promoted by its universal use as money. The Enquirer is ready to advocate any practicable, honest, honorable and statesman-like mode to make silver a universal standard of value. It is in the power of the American congress to make it to the interest and profit of all commercial nations to join in the coin--1 age of silver at a fixed ratio with gold. We heartily concur in the opinion of Balfour and other distinguished English statesmen that if the United States persist in the coinage of silver England and other European monometallist nations must conform their money to ours or lose their most valuable trade. With common standards of value and universal reciprocity, the peace, happiness and prosperity of the whole family of man are assured, with the continued favor and blessing of a common father.” The London money power does not meet the Balfour argument—it simply ignores it. One end of the gold string rests securely in its hands and when it pulls that string its puppets will dance to the music furnished, let the logic of the silver men be what they may. Power of any kind has respect only for the class of logic which is evolved by power, and when the American republic became a blind Imitator of the British government in its financial policy it acknowledged before the world that all semblance of power had departed from it. It stands now as a beggar at the gate—holding the gold in its treasury by the kind permission of the Lombard street usurers.—Denver News.