CO129-265 - Public Offices & Others - 1894 — Page 176

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while China was now receiving Mexican dollars at their Bullion value for what she sold in Europe, the Indian Exporter was finding that the present artificially high price charged by the Indian Goverment for the Rupee was giving the Chinese Exporter an advantage he

never possessed before.

With reference to this point he drew

attention to the fact that the products of India and

China were much alike, and he stated that whatever

could be done to upbuild the commerce of China at the

expense of India must infallibly be to the advantage

of the United States as tending to "show England where

her interests lie".

This significant reference to the Silver

Question would scarcely seem in harmony with the Sena- tor's preliminary statement to the effect that his

Resolution had no relation to that subjset.

He concluded by stating that his views had been met by the threat that England might sell the Silver Bullion which she had on hand in India. England

would, however, in his opinion, never take that step as the result of any further attempt to deprecate the price of silver would be that silver using countries would repudiate every gold payment which they owed; and the brunt of that repudiation would have to be borne by Great Britain to whom ninety per cent of

those payments were due.

I may mention here that in a former stage of this debate, Senator Lodge, a noted advocate of silver, expressed more strongly still the views held by Senator Wolcott as to the relations of Great Britain

to