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Whether she has suffered more relatively than we should have suffered from the same cause in America, had we been foolish enough to imitate the monometallic policy of Germany in 1873, is however open to question; and I have an impression, which it will require evidence to remove, that the actual organisation known as the National Land League could never have been called into being had the British Government devoted to action upon the Currency Question, before 1879, the time and energy which it has expended before and since that date in unsettling the principles of free contract, and tinkering at the relations of landlord and tenant in Ireland.
There are those in England who still believe that this war will be the supreme test of the gold monometallic base for money and banking. There is no thought as yet that Germany, if driven off the gold base, will seek a silver base.
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