The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1877-12-21

/. Italy, with paper currency suf-
ficient to Keep the wheels of commerce
in active motion. Premium on gold,
u per cent, giving such protection to
the domestic industries as creates de-
mand for labor, rapidly improves the
condition OF the people, and gives a
value TO land that till now has not
been known. Great increase of foreign
commerce growth of that with prOtec-
tive France keeping steady pace with
decline in that maintained with free
trade England. Foreign debt almost
extinguished since adoption OF legal
tender (greenback) system.
2. Holland, that until quite recently,
anxious to avoid the dangers incident
TO maintenance of the same standard
with that of England, the land of COM
mercial crises, has adhered to the silver
standard, and now maintains the
double one.
3. France, the one country that has
steadily adhered to protection through
out the whole of the present century !;
and that, as a consequence, maintains
at par with the previous metals, a
paper circulation that until now las
had no parallel in the world. Free
from foreign debt and creditor with
almost all the nations, she is CONNER
cially independent to an extent that
until now has never anywhere been
known. Rapidly growing commerce,
foreign and domestic, give value to
both labor and land all this, too, de-
spite a taxation of the severest kind re-
sultinE from the recent war. Active
and prosperous beyond all former pre-
cedents.
TIRE THREE COUNTRIES THAT NOW
TRAVEL MOST RAPIDLY ON THE
ROAD To RUIN.
l. Great Britain, leader in the anti
silver and anti-paper movement, and
now the severest sufferer from the
adoption by other nations of her teach
ings. Paper prescribed below $25,
and even above that limited in its
amount. Silver demonetized. Trade
with China: India, South America and
other silver-using countries demoraliZ-
ed by reason of the great advance in
the price of gold. Steady decline in
the quantity and value of exports, at
tended by growing dependence on for
eign countries for supplies of the most
necessary commodities. Free trade
system breaking down, and gold mon
opoly system likely soon to follow It.
2. Germany, slavishly following the
below S25, and even then limiting its
amount; in 6emonetizing silver, and
also in adopting free-trade principles I;
finds her territory now covered with
broken banks or ruined factories, des-
titution among her working people
prevailing TO an extent far exceeding
anything that had been known since
the terrible free-trade period which
| followed, sixty years since, upon the
conclusion of she great wars of the
French revolution.
3. These United States, wasting ant
nually, as they now are doing, thous-
auds OF millions IN the effort to place
themselves side by side with the stead
lily declining Germany and Britain
destroying the value OF land and labor
and filling the country with tramps
who would gladly work could they
find employment. How well they
have succeeded In ahnihilating that
financial independence which existed
at the close of the recent war is proved
by the fact, that while France has paid
OF all the foreign debt contracted al
the close of the German war, and IraIv
has been almost equslly successful in
the same direction, they have built uu
q foreign one of $4,000, 900, 900, and
have thus placed the country in sub
Election TO foreign nations the like OF
which has no place in the financial his.
tory of the world. The road on which
they are travelling tends 70, and can, Il
they continue onward, end only in re-
pudiation of the national debt, q cal.
amity with which their competitors
Germany and Britain, having no for
eign debt, are not yet threatened.
Depression, bankruptcy, and ruin
prevailing throughout almost the
whole commercial world, as necessary
consequence Of the absurd, il not even
of the wicked, action Of the rulers Of
two OF the greatest powers of the world
in following out that British system
which was invented for the purpose o.
further prOfiting the moneyed class a
the cost of the workers and taxpayerI
Of the kingdsm. Remedy for this de.
preston there can be none, except II
the absolute abandonment by Americ,
and Germany Of the rninous system
now In vogue. "a -