People's Pilot, Volume 4, Number 16, Rensselaer, Jasper County, 5 October 1894 — Why Should We Wait? [ARTICLE]

Why Should We Wait?

If the friends of silver in this country build any hopes upon international bimetallism they will find that they build without a foundation. England will not favor bimetallism because her bondholders reap a greater profit from the gold standard. Delegates from England to the international conference declared that England was immovably and irrevocably fixed upon the gold standard, and that they came to the conference with instructions from their government not to give the slightest encouragement that England would under any conceivable circumstances co-operate with other nations in using silver upon equal terms with gold, and ex-Chancellor Goschen, generally regarded as in favor of bimetallism, in a speech in 1891 said: “The acceptance of bimetallism by this country (England) I do not look upon as a practical possibility.” He said that the advantage which the gold standard gave to England was that she could obtain money from other countries with which to prosecute her industries at the lowest rate of interest.