Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1889-08-24

The more the conservative bat close
ssadsnt Of political economy sHsnines
into bi-netslli.n. the more fally mas
he be convinced that the United States
made q serious mistake when il joined IN
she knightly crusade against silver. As
shown in our editorial On the iDaHenes
Of silver on American wheat. says the
Mining and Scientific Press. the deprsa-
alton in the price Of that metal sines
this country in 1873 d~emonetired It hss
been over g cents sn ounce. which has
carried the price Of American wheat on
. gold basis, within the like time, down
about 10 per cent The altitude Of the
United States against silver has IN
doubsedly done more than all else to de-
stroy confidence in its r~ehsbAiment y
metallic currency. This country pro
duces single handed nearly ons-hslf Of
the worlds annual prodacs Of silver. and
the fact Of lie taking action against the
metal was sufficient 10 throw eonstsns-
tion into the camp Of lie frienda Bat
then this is not al; the United States
have great interests 81 stake in main
tanning the value Of silver and should
NOT play into the hands Of England By
aiding in its depreciation. These inter.
ests lie in the value Of the prodaee We
export, which exceeds the value OF the
produce exports Of any three nations
With these well-estsblished facts ever
uppermost, can We reasonably expect
other nations TO take the lead in remone-
thing silver when we remain dormant
with 20 great interests at stake' Ger.
mssy's hatred Of France will undoobsed-
ly cause its rulers 10 make haste slowly
In my move looking 10 the restoration
Of silver 90 . metallic currency, while
Eoeland's interests lie in the direction
Of kesping down the price OF silver.
The more silver falls, the sooner viii her
plan for increasing the exports Of wheat
and cotton from India be c~onsumnsted.
TO the great detriment Of those interests
in the United States. By undermining
throueh low prices two OF the leading
mining industries, England keeps Us
from making far more rapid strides In
which we would with these leading in
dustries promoted by better prices; and
vet our so-called statesmen are 90 blind
ed by the allurements Of English logic
that they do not appear to realize the
true situation. II there is anything else
wanting 10 convince the most skepsieal
of EnQland's fear Of this country being
its rival, both financially and CONNER.
eially, IL is the fact that her statesmen
are doing all in their power TO build up
Canada. which looms mp along our side.
by giving ID subsidized steam and rail-
road facilities TO win trade that naturally
belongs TO the United States. That this
Is no idle fear is shown by England grad
ually acquiring 9 firmer hold in the Pa
eiic by snnexing small but at present
unimportant islands. which in the fu-
turs can be ntilizsd a. coaling stations.
or for other purposes a. occasion arises.
England's rivalry il not that which ID
indicative OF war, bat that Of retaining
her supremacy in commerce; for In the
United States the English statesman
aces . rival, which, IL NOT counteracted
or forsssallsd. viii win suooess through
that sheer force Of Yankee perseverance,
and Yankee will.powsr when once
aroused TO . true realization Of the stu