The Money Question Volume 28, No. 19; Speech of Hon. John P. Jones, of Nevada, in the Senate of the United States, October 14, 16, 21, 23, 24, 25, 27, and 30, 1893 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 Excerpt: ... pay them is " very considerable." If the silver-purchase law be repealed, and the dollars of every man's debt be thus made more valuable tc the oreditor, the interest will yearly grow more and more " considerable," to the hearty satisfaction of our "foreign investor," who accordingly is urging this repeal with unfeigned enthusiasm. GREAT BRITAIN THE GREAT CREDITOR NATION OF THE WORLD. One hundred years ago, at a time when France was the only rival of England, Edmund Burke, speaking of the money power of Great Britain, said: Our capital gives us a superiority which enables us to set at defiance all the efforts of France to rival our manufactures. The powers of capitalHe added--are irresistible in trade. It dominates; it rules; it even tyrannizes In the market; it entices the strong and controls the weak. No better description of the effects of capital, as it is utilized by the British capitalist, was ever given. Fifty years later, Sir Robert Peel, in debating the corn lr.ws, still understood its influence when he said: That we may retain our manufacturing pree minence we must neglect no opportunity of securing to ourselves those advantages by which that preeminence can alone be secured. The accumulation of wealth--that Is, the Increase of capital--Is one of the chief means by which we can retain the eminence we have so long enjoyed. And Prof. Senior, in one of his Oxford lectures (1830), ingenuously admits the manner in which the prosperity of Great Britain and its great creditor classes is maintained. 'The mine worked by England," he says," is the general market of the world " In a report made in 1854 by a commission appointed by Parliament to inquire into the operations of the mining laws of Great Britain the f...