People's Pilot, Volume 6, Number 19, Rensselaer, Jasper County, 29 October 1896 — CENTER SHOT. [ARTICLE]

CENTER SHOT.

Here Is the Opion of a Well Known Englishman the Double Standard. Lord Liddesdale, for many years governor of the Bank of England, and a gentleman well versed in the finances of the world, made the following statement at a recent banquet held in London: “If the American people had the courage of their conviction and adopt the double standard of gold and silver, no matter at what ratio, they would inside of a year command the trade of the East —India Straits Settlements, China and Japan. Unless England should follow suit and adopt a bimetallic standard she would inside of eighteen months cease to be a commercial factor of the markets of the world. The whole of the silver using countries of the earth would throw their trade ’to this country. They would buy of that nation that places 'the highest value upon their currency? In addition to the oriental countries sending their trade to America, in the event of the silver issue carrying the day, the whole of the South American republics would at once become a great commercial factor abroad, for gain is greater than sentiment in building up trade. American cargoes would find their way into, the waters of every •Uyer-using country. “The farmers of America would not nave to compete with depreciated India wheat.”—(See page 701 of Arena for September.)