The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1891-05-23
them at about one-half to three-fourths

tnem az about One-half to three-fOurths
OF their real value.
| For comparison we will instance
France, with compact population oc.
cupying not more than one-tenth the
number OF square miles of territory
that we do. They have in circulation
$52 per capita-that is foe each man.
woman and child in the Nation. What
have they done? Paid their enormous
indemnity claim to Germany after
they we're conquered by that power be.
fore the Germans were ready to re-
ceive it !; squandered millions on the
Suez Canal, and when the Bank of
England was in tottering condition
last fall went to her rescue and averted
probably the most destructive financial
tornado the world ever saw.
Now if little France, in her compact
form and old, staid ways required S52
per capita to make her prosperous,
don't we, in this vast spread-out coun-
try, building towns in month, build
ing cities in q year, adding new States
by the half dozen at one sitting of Con-
gress? Whowill say, if France needs
$50, we do not need 500 per capita?
We have $3.50, said Mr.. Window, and
he did not live long after making that
announcement to the country. This is
a great question that towers far above
all others in Importance, and it is nom
sense to say that only the Democratic
South and the Republican Northwest
are concerned. The banks are in it,
the business people are in it, and every
body else except foreigners and few
old moneybags scattered here and
there over the country. We are told,
however, by many otherwise intelli-
gent people, but thoughtless or ill-in-
formed on this subject, that the free
coinage Of silver would cause the with
draw,tl Of gold coin and bullion from
this country until we would have II
dearth of that metal.
NO POSSIBLE DANGER.
In reply it is only necessary that this
is business impossibny as long us we
export more than we import, which
seems quite probable for very many
years to come. As long as we sell
more to foreign countries than we buy
from them, the exchange is in our fa-
vor, and we draw from them instead of
their drawing either gold or silver
from us. Therefore, no possible dan
ger need be apprehended from this
direction.
The decentralization of silver by the
English Government in England and
the demonstration of gold in India
was the crime Of the age, the sin of the
country, and while It has resulted in
greet gain to that cormorant Nation,
the effect has been most fruitful in
bringing poverty nnd great distress to
other Nations and people. ,..
It is true that Germany and France
were either inveigfed Or coerced by
fear Of losing their yellow metal, into
this unholy alliance to rob the common
people for the benefit of nabobs and
money grabbers, but this did not COM
plete the scheme.
In 1873, these robbers sent shrewd
agents with we'll filed purses to this
country first to interest all the shylocks
in the nefar0us scheme, and next to in
duce Congress to demonetize silver,
which they did accomplish by smug-
CLING bill through under pretense of
revising the laws regulating the Uni
ted States mint. Since that date, prop
erty values have steadily declined, ex-
cept in some favored sections or in
growing towns, and cities, or where
speculatOrs would combine to boost
prices for temporary advantage. Cor
porations have piled up Indebtedness
mountain high In the shape Of stocks
and bonds; individuals have bAnketed
the country with mortgages, not alone
on farm lands, but on city property as
we'll.
The great crops of the country,
while they have Increased in volume,
have decreased in price, until there Is
but a scanty living for the t0iling and
sweating millions engaged in their
production. \
But these are precisely the conditions
of affairs, that the English statesmen
and financiers wished to bring about
when they outlawed silver in their own
country, and gold In British India.
And Why did they do thisp Because
Great Britain was the credit Nation Of
the world. Her people were loaded
with securities from other Nations.
She was not only the largest manufac-
turing country In the world, but was also
the largest consumer of raw material,
especially wheat and cotton.
FOREIGN ILLUSTRATION.
India IL an immense country, contain.
ing q population almost equal to Eng
land, Germany, France and the United
States combined. The Englishman did
not dom0neti1e silver In india. hut did