Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1889-09-21
STARTLING FIGURES.
| The War on Silver and its Destruc-
tive Influences.
Eureka Sentinel

the banker, Ernest Seyd, of London, Eng.
land, came to this country to urge the de-
monetzation Of silver, l have fought the
gold mono -metalists step by step. l have
since visited and gathered valuable statistical
facts as to the destructive influences this war
on silver is subjecting this country to. In
March, 1886, the Hon. John P. Jones, of
Nevada, presented my memorial to the SEN
ate. 1t was read by him and published in
the Congressional Record; since then have
gathered, mostly from official sources, the re-
turn Of India's prosperity compared side by
side with the decline in values, exports, and
in general prosperity in this country. The
result is not only bumiliating, but actually
appalling.
Our exports Of wheat have fallen from
Is3,252.7os bushels year to 46,4I4, flag
bushels for the fiscal year June 80, 1889.
During that period the farm value Of wheat
was 81 IoA per bushel, and the acre upon
an average yielded to the farmer SIS ~.
During the fiscal year June 80, ISS7.I8S8,
the farm value in the United States was only
So IS per acre and the farmer got only 6S
cents per bushel; while the farmer in India
in 1881. 8S got "a cents per bushel for his
wheat.
The export pnce Of the I53,252,7o5 bush
els in 1880 brought $Ieo, s46,3os. equal to
81 24H per bushel, the 46,4I4,I29 bushels
exported during 1883 SO realized only SAL.
6s2,7oI, or at an average Of S9A cents per
bushel.
Let US see how cheap silver bullion has
benefited India. In 1870 India exported only
1885, SS bushels, and in 1883 4I,4l2.2sI
bushels, or in other words, India exports now
284 bushels and little over to every bushel
she exported in 1870, while we are now ex-
porting only Is Of a peck to every bushel
we exported as late as 1880. Our exports
are falling off over 66 per cent, while India
is rejoicing in an increase of over $4,000 per
cent
In 1873 India only exported 73s,4Ss bush.
els Of wheat, but as soon as we demonetized
silver in 1873, she, in 1874 increased her ex-
ports to 3,277,7SI bushels. In 1873 her ex.
port price was 81 II per bushel, and in 1883
it ranged at 81 10; the average export price
in the United States in 1873 was 81 3IA,
and in 1888 only SeH per bushel.
If our paternal Government would only re.
frain from exploding any more of its prophetic
financial windbags and return silver TO its
legitimate place as money metal, the differ
ence between 81 3IH and S9A per bushel
would soon disappear; for the whole matter
rests upon the difference Of exchange in the
silver rupee Of India and its gold value in
London. Silver at par, the silver rupee,
which contains more pure silver than the
two shilling piece of England, would again
be quoted in London at two shilings and
over, as it was in 1870, while to-day the
bank of England sells exchange on India at
one shilling and four pence per rupee.
Think Of it, you farmer Of the United
States, the farm value Of your wheat has
declined from 81 "a to 81 cents, and your
acre of wheat which prior to the demoneti.
zaion of silver brought you $I4 81 Is now
yielding $40 80. Think Of it, you merchants,
prior to the decentralization of silver you re.
ce,ved from the foreigners to whom you
shipped our wheat 81 3IH cents per bushel,
while now you are only getting Soa4 cents;
and that you export now only Is Of peck
to every bushel you exported only few years
ago. But then you have the satisfaction to
put that fattering JUNCTION to your soul S that
these terrible monsters, the s'silver kings"
are losing on the silver they dug out OF the
bowels Of the earth. Yet, hold on minute.
These farmers SO dear to you and over whose
real or supposed misfortunes the politicians
Of both sides, especially in the last campaign,
have been shedding tears enough to float not
only the largest ocean steamer but Noah's
ark into the bargain. How have they Jared
since the demonstration Of siverf They
have considerably worse than these monsters
Of iniquity, the "silver kings"
From 1873 to 1883 they have cultivated
sac, 747,o54 acres Of wheat. In 1879 the
farm value Of an acre of wheat brought to
them on on average $I4 81 per acre, while
at the average rate for the past sixteen years
they were only able to gel $II 81 per acre Of
wheat. Let us multiply the difference Of
50 &c per acre with the millions of acres
just mentioned and the enormous sum of
$I,o27,S94,2r7 represents the loss OF the
American farmers, and as our national debt
is only 81, o83, 62s, the result of decry.
ing silver as money, must stagger even the
brethren Of the eastern press.
Let us compare the losses Of the monsters
Of iniquity, the "silver kings" They pro-
duced from 1874 to 1854 inclusive 5I5,42I,.
3Is ounces Of fine silver, and had the price
Of silver bullion remained as it was for over