Show AN ENGLISH VIEW we have a great many thinking men in our midst who wish to ba fully informed on the silver question and lucli men will be interested in reading from one 0 the most eminent british statesmen a presentation ot the area ment quite in line with tho better clae of reasoning furnished by our newspapers the writer of the following sir wm houldsworth ie a member ol 01 parliament and was also a member ol 01 the monetary commission at brussels it is an in monetary science that if from any cause a variation takes place in the relative value oi silver and gold money there will sooner or later lc a corresponding adjustment of the eold and silver prices of commodities consequently if the gold value of silver falls either prices must rise or gold prices must fall or an adjustment must be brought about by both these operations combined during the last twenty years an opportunity has been afforded of testing the truth of this proposition the eold price of silver has fallen over 60 per cent from 60 pence in 1873 to 23 pence in 1894 silver prices have not kieen at any rate not till very recently but gold prices have not fallen heavily the reason is very obvious the quantity of silver coming from the mines has juat been sufficient to maintain the level of silver prices in silver using countries but the quantity of gold produced has been insufficient to meet the extraordinary demands arising from the adoption of gold by the countries which have demonetized silver in addition to alie ordinary requirements quire ments of gold using countries cown tries arising from the increase of population and the ix tension of trade the result has been that silver has not depreciated in relation to commodities in other words silver prices have not risen but gold has appreciated enormously and thus gold prices have borne the burden of ahe adjustment between gold and silver prices this result was inevitable if silver prices did not rise the ordinary laws of trade and competition were bound to bring it about for as the gold value of silver fell owing to the gradual appreciation of the exchange between gold and silver money varied in the case of india more rupees exchanged for a sovereign an exporter ol 01 indian produce therefore it he the same gold arico in london ultimately obtained actor the alteration in the exchange more rupees than before silfred prices remaining unchanged the initial purchase coat in rupees was the bame consequently he ethod to make this fact no doubt at once stimulated his competitors to export more freely the effect was to increase the cupply in the london produce market and to bring about a fall in the gold price of these comm odil ca on the other band an exporter cf english glodd to india found himself in precisely preci eely the revered position if he bought goods from the english manufacturers rs at the same gold price after the gold price of dilver had fallen as he did before and exported them to india lie might beell them at the same price in rupees but when he converted these rupees into he found he biad fewer sovereigns so that instead of making 5 per cent profit he might blistain 5 per cent loss on the tion under these circumstances circum he did not export lie waited till the by increasing stocke and inability to obtain orders abated their price sufficiently to leave him a margin of profit in both therefore alie result was a fall in gold prices of produce on the one hand and of manufactures on the other now it is to be noted that none of the parties in theeo transactions after the falej in gold bricea had taken place reaped any advantage while one of them sustained a serious lose and another of them was subjected to grave riske inasmuch aa no rise in silver took place alie pro decere in india obtained no additional advantage on the other band the farmers and manufacturers in england suffered enrioue lose by the fall in the gold price of their productions airet on their stock secondly on ealek ultimately effected at a lower arico without any corresponding reduction in the cost of producing the merchants exporting from india in the first instance and long as the gold price in england remained alie eeme as before they had an opportunity of making additional profit were exposed to considerable rieke when prices began to all on the other band merchants exporting froode from england were undersold il they operated too soon or aby lost on their fixed expenses it they waited thus thel whole trade industrial and mercantile was without any advantage to any one THE treasury receipts tor tho eleven and half months of tho present fiscal year aggregate and the disbursements leaving a deficit of Is germany there is ft yearly average of to every of the population while in france austria england and italy the averages are 78 and 46 respectively As regards suicides in the army austria comes first with 1253 to every men followed by germany with italy with 4 trance with and england with As far as known tho fear of punishment for misconduct plays the chief part in driving soldier destruction and it is worthy to that twice as many noncommissioned officers as privates fall by their own hand in tho course of the TUK from abia grow more alarming as to the plague that is carrying away the population like the black death that decimated europe these frightful visitations invariably originate in the foul and noisome sanitary conditions of oriental cities it is easy enough to understand why persia is a hotbed for cholera tho only wonder is that it should ever be free from that plague here ia an extract from a recent report of the british consul at desht a town of inhabitants the cesspools that exist in each are mere wells more or less deep which have no exit drinking water is obtained from wells sunk within ten to twenty yards of these cesspools ces spools there are no bewers and though gutters exist in some streets they are worse than useless for they have no means of carrying away the accumulated water and consequently they are oftener than not lull of Bt agnant green liquid the rubbish out of kitchens is thrown out in certain corners of streets and open spaces where it ia allowed to accumulate ponds have been artificially made where water out of the gutters accumulates and when in winter it freezes this filthy muddy ater is turned into ice and collected in the ice houses for consumption the following eummer fc |