The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1886-01-09

premium to 30 or 40 per cent at the
expense of the already impoverished
masses of taxpayers. 1t seems as
though it was thought to be the duty
of Congress to see to it that the rich
should be made richer by making the
poor poorer. Why should we be in
hot haste to strike down our silver
currency for fear of fall in our out
standing bonds below "a per cent pre-
miumf Have the representatives of
the people any interest in maintaining,
far less increasing, the premium on
bonds bearing A per cent interest be-
you'd "a per cent which We must soon
become the purchaser of at any pre-
mium,' or else contract our currency
At ruinous rates by locking up in the
Treasury all our surplus rsVenuef A
reduction of taxation seems to be
made impossible by the passage of
laws which will still further depreciate
the prices of farm products, nov SO
low that producers cannot raise them
aud pay wages to their laborers ON
which they can live. When fat hogs
sell at 81 cents pound and other
things ia proportions; when all the
world is combined to exclude our
agricultural products from their mar
kets Ia retaliation against our protect
i've system, which prohibits our farmers
buying what they must have with the
proceeds of what they must sell, unless
they pay 46 per cent on the average
more than they are offered them for,
in order to enrich u few organized
combinations OF manufacturers who
seek no markets abroad aud refuse 10
sell their products in competition with
the so-cal.ed paupers with whom the
farmers must compete, our condition
is not satisfactory.
When Congress has once coined
money and regulated the value thereof.
AnG contracts are based upon IL, the
right 10 pay according to lis terms can
not rigbtfnily Of justly be taken from
the people, asd Senators aud Repre-
sentatives who deprive them of that
right will have unpleasant explana.
tions To make To the men whose bur
dens are increased by their vete. 1t is
simply an attempt repeal the legisla-
tion of 1869, and the same pretenses
are made now that were made then.
An hensst dollar for the laboring man
was then, as now. held up as the
patriotic object of those whe repudi-
ated Tie green back, As higher wages
to labor Is claimed to be the prime
object Of all the patriotic com binations
of monopolists and machine owners,
who tax Us all forty six per cent under
the present protective tariff. and vet
hire the cheapest pauper labor they
can import. 1t Is the wolf guarding
the lamb, the spider the fly, and tile
hawk the sparrow.
propose to test this question in the
light of the facts furnished rs by our
Treasury officials. We are, of course,
az good judges of the value of the
facts they furnish and as competent to
draw correct conclusions from them
they are. The last report from the
Treasury Bureau of statistics relative
to our foreign commerce for the fiscal
year 1885 proves that there is no such
condition either in our trade or exports
of metals, whether of coin or bullion,
as To render !, necessary 10 strike down
our silver coinage. Ii shows fpage II
that our total exports for 1885 were
$726,6S2. .94G and for 1884 $724,964,
S52. while our total imports for 1885
were S577, ,527,329 and for 1884 $667,-
697 ,693. 1t will thus be seen that
while the value of our exports in 1885
exceeded those of 1894, our imports
were more than 500, 900, 900 less. The
same report shows that for 1885 our
exports of goli were $S,477, ,S92, and
for 1884 $4l ,0s1 ,057. or over $32, ,000,-
900 less for the last fiscal year than for
the year before. Our exports ofsilver
for 1885 were $50, ,750633, and for 1884
SEQ. ,426. or nearly $S,000,000 more
last year :han the year before, while
our imports of gold last year exceeded
those of the year before nearly $4,000
900. These facts falsify the clamor
that gold is fleeing from our country,
and prove that all the pretended evils
OF n single deprecated silver standard
are myths.
Nor Is It truo that our silver coin has de-
preciated since July, 1870, when tested by any
other standard than the market value OF bul-
lion in London. The report referred TO gives
the New York or export prices In currency OF
the commodities which constituted over 70
per cent of our exports, nearly all agricultural
products, In 1870 and 1885, from which it Will