But let us see how near we are to in-
Urmtlional bimetallism. It is admit
ted by all .In* continental nations that if
England will take the initial step an in
ternational agreement can Im* arriv<*d at
v, itirilwr delay But how long
v i| it Is- In-fore England will take the
initiative? What incentive have her
business men to restore silver as a part
of the primary money of the world? In
oih-r words, what interest has Great
Britain in increasing the value of sil
ver and thereby increasing the prie»-s of
the staple commodities us the world, the
larger p -rtion of w! ch she is cumin-lied
to buy?
Let us examine into the matter a lit
tle. Let us we what interest England
has in remonetizing silver ami making
T more valuable. Tin* trouble Ix-gan in
ls7o. wln-n sliver was demonetized in
the I’nlted Stat«*s. but as that seemz to
Im- a date remote, we need go no further
ba -k than 18W. To bring the matter
b <me to the comprehension of all. we
will take the cotton crop of that year.
It weighed out when brought to mar
ket ::.«E.’>*.Uoo.<O» irnunds. and sold for
Jtptl.WMt.OOO. tin- average price Iw-ing
11.07 cents a innind. The cotton crop of
ISM weiglnsl out 11.7 |s.imk».»MM pounds
•ml sold for the average
price being 7.70 cents a pound.
