London, Feb. 2.—The Statist, In dis
cussing the financial situation In the
United States, gives the following opin
ion of the results to follow what It
calls the demonetization of gold and
the rehabilitation of silver:
“If gold is demonetized. It is perfect
ly clear that there will be a great trans
fer of property from the capitalist and
lending classes to the producing classes.
This would boos immense advantage
to the West and South, and would
prove a serious loss to the Eastern
states and to Europe.
“Os course, a great country like the
United States adopting a silver stan
dard would have great influence on the
whole of the world and silver would un
doubtedly rise, but It would be long be
fore It reached GO pence. The great re
duction of debts all over the United
Stat«*s by a fall to silver would give
tlie farming and producing classes gen
erally a sense of freedom ami prosperi
ty which they hate not had for many
years and would probably give a great
stimulus to production. If silver did
not rise much for a while. Am *rlcan
wheat, cotton, pork. etc., would com
pete with the product of other countries
'nt a very great advantage and there
would probably be a very rapid and
great growth of exports and the begin
ning of an era of great prosperity.
