The Silver Question Injury to British Trade And Manufactures
The Silver Question Injury to British Trade And Manufactures
Henry Meysey Meysey Thompson Knaresborough
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? The fight for the 6d. Went on until it was adjusted, and in his experience it always ended in the manufacturer getting the worst of it. Why ? Because the buyer could wait and the manufacturer could not, except by stopping his mill, thereby throwing his work- people out of employment. Before he would do that, he would submit to considerable loss, in the hope that trade might soon improve. " Having thus stated generally how the fall in silver tends to injure our great industries, it will be wel...l to endeavour to give concrete examples from actual ex- perience, and to show to what extent our interests have already suffered. It is to China that we must look for the most cogent ex- ample of the injury done to British trade by the fall in silver. It is the custom of those who preach the in'allibilit}' of the single gold standard to explain the decline in the profitable character of our commerce with silver countries by reference t3 the improved means of transit and communication, and 43 other social and economic changes, that have been pro- ceeding coincidently with the depreciation of silver.
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