Bimetallism And Monometallism, Interview With the Most Rev. Dr. Walsh ..

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But of all conceivable systems of currency, that system is assuredly the worst, which gives you a standard steadily, continuously, indefinitely ap- preciating, and which by that very fact throws a bur- 41 den upon every man of enterprise, upon every man who desires to promote the agricultural or the in- dustrial resources of the country, and benefits no human being whatever but the owner of fixed debts in gold.' "But this was nothing new. Mr. Balfour's views were on record, years before. There ...is a highly im- portant statement from him, and from five other mem- bers of the Royal Commission, the Gold and Silver Commission, of 1887 "In the special Report drawn up by the six-Bimet- allist members of that Commission — including Mr.
Balfour and Mr. Chaplin, two members of the late Cabinet — a distinct reference is made to the question of rents. Speaking of 'leases for long terms of years annuities, pensions, and other similar charges,' they say that 'with every rise in the value of gold, the weight of this burden upon the industry of the country in- creases.


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