Rensselaer Republican, Volume 25, Number 47, Rensselaer, Jasper County, 20 July 1893 — THE ENGLISH VIEW. [ARTICLE]

THE ENGLISH VIEW.

The London Times, of Wednesday, discussing the silver crisis, says: “The action of Indja and of President Cleveland merely precipitated the trouble caused by America’s silver policy, -her reckless pension Scheme and the McKinley tariff law. The threats from Denver of armed violence if the Sherman law is repealed: will not terrify anybody. Such desperation only proves that the silver mo nopolists are hopeless. Fighting the battle on the ground of political and economical argument, both the material and moral forces are on the side of the classes in Apierica who arc resolved to support no longer the silver burden. If India had allowed the question to drift, the sudden action of America must have disastrously shaken India's credit by closing the mints. Il ls believed that a measure of stability lias been secured which will defy the shock of any change from America pr or elsewhere. In the meantime India's alarm at the sale of council bills under £1 is not justified. The measure is experimental and rates of exchange between any two countries can not be fixed absolutely forever.