Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1886-12-11

ing 6eprecHSed meeAl ~ Its oIu DveI n
their biDetaliic monetary units. There il
single difference. When the monetary dis
locxtion began, the people Of other nation
had large stocks of silver coin subject h
depression; Ne had none. We created one
are and daily adding to it.
To the feebleness Of self-dsfeat In the e1
ercise Of our influence abroad, it thus unite
the injury of costly imitation at home. 1
is not merely the atdica'ion of our aetuR
power to hasten q solution of the interna
tional problem. which will restore silver to
its former use and value, it IL the taxation
of an otherwise overraxsd people 81, 000,.
600 per annum to delay and defeat that solu.
ton, besides being q use OF the proceeds 81
that taxation to disorder our domestic cur
r ncy, j.oparIize the stability Of our unit Of
va u, and accumulate Q surplus which on
the one hand presses the treasury towards
q silver basis, and on the other hand tempta
congress beyo fIu ,sl EXPENSE. 1t blocks
over, avenue, not only to monetary but to
fiscal and tax reform.
SHALL THE UNITED STATES PROMOTE CU11 On
MONETARY DIsLoCATIOE?
~. To stop the purchase Of silver il our
only choice, our duty, anc our interest
It will stop wssteful and injurious az
pense, and the taxation which defrays it
It sil commence and promote reform u
the sum and the methods Of federal taIa-
ton.
II vii, recover to the United States an
eqality of position (non-coinage) With for
eign powers, which will give % due int1u-
ence In negotiation.
Il will induce negotiation. and negotts-
ton to the end of relief, not for the purpose
Of delay.
Stopping the purchase and coinage Of ST.
YER 10 the hrst step and the best which the
United States can take in doing their great
part to repair the monetary dislocation OF
the world. Its origin was foreignj its REM
edy 10 International The me IL ripe tof
this powerful commonwealth to enter de-
cisively upon that international TRANSACT n.
The right moment must not be let clip.
After becoming entangled in nego-
hations, we should not be free, as
aow, to act, first to our own advantage,
md then for the promoting Of our own de-
iverance and the worlds del verance from
his worldwide trouble. Depressing indus
Try and trade. it affects private prosperity
But its influence upon govern
nent finances is q separable injury and va
.ies in different states according to the fiscal
md currency systems which 1t dlsturbs. In
England the depression Is serious, but che
fnancgs of her largest dependen-
~, India, are not the point of trouble which
ouches the government Of Great Britain.
u France and Germany the depression 10
Ieneral, but the fiscal problem is the main
enauce of an enormous but not enlarglng
took of coined silver lately deprecated
,sar9 80 Per cent, at par with gold while
.eepiug both In ase. IN the United States
he depression of trade 10 great, caused by
he natural unwillipgness of those whose
avings are little as of those whose capital Is
arge, to risk its loss in falling prices and
he hazard Of a silver basis, thus contracting
not money, of which there is a
tvings as capital. by means of money, IN
rganiziDg industry and keeping labor busy.
'ut the trouble meanwhile caused to the
overnment finances are different. Here,
90, as In France and in Germany, there is
ED of holding an enormous and also en-
srging stock Qarger. now than that of
rance relatively to our commercial and
ankipg habits) of coined silver, late y de-
reciated 30 per cent, at par with gold while
&C pin G both in use.
To stop the puI chase and coinage of silver
for this our local trouble, also the first anc
est step. To increase our stock is to in
rease the dificul ties of the treasury, ill.-
Itimate aud abnormal difficulties, which
ught never to be imposed upon the treas
~ of any democr alto government, ano
hich ought not to be increased. Its mis-
en- is to coin the two metals into money
" the public-as much as everybody asks |
has no fitness for coming for itself an
-eping the coinage. lis proper business az
fisc is to receive the peoples revenue frop
1es in good money as congress bids, keep |
6 no surplus at all hey nd what insure !
,nctual payments. A treasury surplus is |
anding proof of bad fnance-of bad laws, |
such ave made it necessary.
II to manufacture and store or distribute |
in of deprecated mt tai could stop it, |
probation, or relieve the depression o.
AIDE, or improve the money circulation, o
II out into use for the employment
op in prices, then the treasury trouble an
9 tax burden would have some Offset. Blu
does the reverse. It inspires the owners
Q borrowers, and employers of capital, VII
ganize work for workiDg-m to do, " e.
utterly durable distrust. Il f. q rea
able dikS!me. which every man who has
rned snivinsayed Ave doIlars this,
would Hket TO employ sr .Irp9T1,l
capitsl, knoT6 90 well a those vino have I
we'd thoueentfs of dollars from their earl
Be. Every wage Garner, too, knows a. well
they that silver imitation has Lot stimu-
ed and does not stimulate industry or
ide. Silver has never been as low as this
ar az penoe), though the treasury hae
ught and alta nped $250, COX, 900 of it in III.
1t ei yht years. Prices of all oommod,ties
nge lower than in any previous year of the
neteenth century.
The price of our surplus wheat determines
2 price of the whole wheat crop of the
lifted States. So that the monetary dislo-
tion has already cost our farming popula-
N, who number one-half the total popula
N of the United States, an almost ipcon-
table sum. loss OF millions upon million.
dollars every year-s loss which they will
utinue to suffer so long as congress delays
stop the silver purchase, and by that act
compel an International redress of the
,netary dislocation.
Another years delay in stopping the sill
| purchase is the loss of remunerative
ices upol another wheat crop of the
lited States; is another years atimulus to
aia's competition for the foreign markets
our agricultural produces. and q reduc-
n of our ability to hold that market
ainst any competition in the world (meas- .
I'd by common money!
t is for congress to consider whether a
icy which does not prevent the loss of %
: cent. off our silver output to few thou {
I'd mine ownere, but p'olongs the loss to {
my million farmers of 25 per cent. of the
&c of their annual wheat crop, should not G
" be abandoned and the only policy
,pt d which promises to restore the for
r prosperity of both.
currency reform and taxation. He rec :,
mends reduction of tariff duties on raw +,
terial, the putting Of wool on the free !.
and the payment Of the greenbacks with !,
plus revenues of the country.
Condensed Common Sense.
Henry Ward Beecher, in his Thanks .
ing sermon at Plymouth church, gave !.
laliSm tina fOlIouipc ~ rbruot. ssSocio1- VI