| Show A OKRTAiN FAILOEK Premier GLADSTONE makes it plain that the monetary conference which President HARRISON devised as an excuse l for doing nothing with the silver question until after theNovember election wlll result in a fiat failure so far as the restoration of silver ton to-n money metal concerned The premier is opposed to the conference discussing propositions propo-sitions relating to tho currency of Great Britain and his opposition is equivalent to injunction axainst anythlng being done Germany doesnt want free coinage Austria Aus-tria has ceased to coin silver and has practically prac-tically demonetized her silver Italy can do nothing leaving only France of the great powers to join with the United States should our representatives conclude to recommend an arrangement for using the two metals as money on some terms Thus before the meeting wo know what tho outcome out-come will be and knowing It very little interest in-terest will be taken in the proceedings As a matter of fact few people placed any faith in tho conferenco doing any thing for silver More have apprehended injury to the cause the fear being of unanimous recommendation recom-mendation to the participating governments govern-ments that silver be left as it is a commercial com-mercial commodity to be dealt in like other products Not a few believe Mr flutter I sox expected such a recommendation which could be used as a vindication of his course in opposing free coinage meantime mean-time the calling of the conference might tend to pacify the silver faoiion of his party and keep them quiet until tho election elec-tion was over THE HEKALD has had little faith in the conference and has Jess now since England has virtually declared her opposition to any change in her monetary system As it is not likely that any good will result from tho international discussion it might be well for our own people to take tho hint which Mr GLADSTONE drops In effect the premier says that Great Britain is big enough to manage this affair for herself If Great Britain can with safety decide de-cide tho silver problem regardless of the action of other countries cannot the United States determine the matter for herself ThaT is the question which our financiers and our people should discuss aud decide If the decision shall be against going alone if the judgment shall be that this country is not strong enough to make silver amoney metal in spite of the great commercial nations the free coinage idea might as wellbe abandoned until such time as the foreign powers have been converted to too belief that greater prosperity will follow the restoration of silver to its place in their monetary systems sys-tems |
