The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-05-13


coined in rupees. When it reaches
Liverpool or London-selling it for
gold-which is the sole standard OF
value there, he can afford to take 80
cents for it-for with this 80 cents in
gold, he can turn around and buy an
ounce and one-eighth of silver, which
in India in dealing with the ryot is
worth in rupees $1.45, Thus, on a YES
sci of wheat bought in India for Sl.20.
and sold in London at 80 cents, there
is margin of 20 cents to the shipper
out of which to pay the freight com
missions, etc, and leave him his profit.
1t is precisely the same with cotton
the same opportunity to cheat the
ignorant Indian cotton raiser and Jug
Gle with the money in which the cot
ton is bought and sold. 1t is for this
reason, when wheat in Bombay is
quoted at 20 per bushel, it isquoted
in the United States at about 80 cents.
1t is in reality but the difference be-
tween gold and silver values caused by
silver's decentralization.
1t is this transcendent opportunity
to make money out of her Indian en-
pire that has caused England to en-
courage the production of wheat aud
cotton there to such an enormous
extent and to construed railways to
carry it from the interior to East India
ports for trans-shipment by water to
London AMI Liverpool. The fact that
the cost of shipping wheat and cotton
from Bombay and Calcutta to Euro
pean ports is twice what it is from the
United States, and that, by reason of
the hot and unhealthy climate through
which it passes it is not, when un-
loaded, as good as the Amesican wheat,
is no help tO the American farmer, for
field labor in India costs but the beg
gardly sum of 5 cents day, while in
the United States it can not be had for
less than Is cents or 81 per day.
Itshould be borne in mind that COM
merce with the Indian empire is wholly
in British hands. There is no oppor-
tunity for the traders of other nations
to enter and thus give to the Indian
farmer the ben3hts of competition-in
which case they might learn the
difference in value between gold
and silver, in which event they would
reap the benefits of it instead of it all
going to the British east Indian traders
There is much pathos wasted i'll talk
ing about the pauper labor of Europe
and tariff of nearly 100 per cent is
levied to protect American laborer'
from it. But these self-same bogus
humanitariuns denOunce those as
cranks and fanatics-eyen worse, ~
thieres-whoseek by securing the free
coinage of silver to protect the farmer
and planter from the blighting compe
tition of the 5-cent-a-daY labor o.
Britain's Indian empire.
In this connection table is given
compiled from the official statistics o
foreign commerce for 1891, showing
beyond doubt or controversy tine reIa
ton between silver and the great agri
cultural staples of the country. /
shows with what fatal regularity
wheat, cotton and corn have declined
in price as silver apparently wen
down; and it establishes that if fire,
coinage can be had, silver must neces
sarily rise to its old relation with golC
and the prices of these products woul'
correspondingly increase, resulting il
restoring the prosperity to the farme
and planter that vanished when tn
fatal step of demonctizing silver wa
taken in 1878.