Show EDJTIlIl LLOYD oy SILVER JJIr Lloyd the editor of the London Statist the leading English financial Journal was in Boston last week and spoke before the Twentieth Century Cen-tury club According to the Herald when Mr Lloyd began to speak many were doubtful as to what the outcome might be but the aim of ills address was to show that gold Is unequal to the demands that might be put upon it if silver is not to be depended upon as money That Is a very Important admission coming from the source that it does Mr Lloyd has no interest In the question other than that of a student of finance and political economy What he says must be received as having the weignt of authority but it is exactly what the advocates of silver have been saying for years and years If the supply of gold were equal to the monetary demand upon it there would be no silver question But it is not equal to this demand and while the increase in it has been truly remarkable re-markable it has not been at all commensurate com-mensurate with the demands upon it Business and commerce expand so much more rapidly and extensively than the volume of money that the supply money metals is not adequate to this expansion What may be termed the monetary fictions of commerce com-merce supplement the work and Dower of the money metals but they are fictions after all Even these fictions must rest upon a solid metallic money basis Each days experience proves that gold is unequal to the demands put upon it What Mr Lloyd says might be actually is |