The Archive · 1898

The Currency Question

What is likely to occupy the greater part of the time that Congress can give i the question of the currency. The pol ical platform on which McKinley was elected declared unmistakably for the gold standard until international agreement for a bimetallic standard should be possible. McKinley sent special commissioners abroad to see what could be done, France welcomed them and said she would join in the adoption of a double standard

to England they went. John Bull said he provided England would be a party. "So was glad to see them personally, would do anything that he could reasonably for friendship's sake do, and as a means. of testing the fooling' of his people lot it be rumoured that the Bank of England intended to keep a part of its reserve in the future in silver instead of gold, a measure for which there was undoubted legal sanction. The feeling of the people was not hard to find. It made itself heard in angry remonstrance that such a thing should be even considered, let alone adopted. John Bull bade the United States commissioners an affectionate adieu, regretting that he could not find it possible to assist them. The commissioners are now at home and the idea of international bimetallism is put in the darkest corner of the back shelf alan; with other exploded hopes." The United States must face the alternative of a gold standard, or a double standard supported this country alone, which is equivalent to a silver standard. To the former the Republican party now stands pledged: For the latter Bryan, the Presidential candidate of the Democratic party, fought Inst year 4nd is preparing to fight again in 1900.

THE DINGLEY Act, campaign the Republicans have been tres to For, vielory la the next presidential admit that the prime requisite is national prosperity. It was for this object that the jingle high tariff law was passed in the oxtraordinary session of Congress last. spring. How has it worked Fairly well, thus far, ind giving reason for hopes of greater fect in the months tocome, The starting if mills has taken the place of mills shutting down, the newspapers chronicle the taining of wages instead of their reduction, manufacturers are getting higher -prices for their products, the monthly deficits in the reports of the National Treasury have been lessened; but the cost of living has increased with the higher prices. - sust now this is cheerfully endured by the working. man, for he reasons that it is better to have work and wages, even though prices be high, than it is to have neither work nor wages and not be able to buy even ut low prices. The question that puzzles is how many men will remember, when they come to vote for the next President in 1900, that they were ever out of work?

Text read from the printed page and cleaned; old type leaves the occasional error.

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