The midland journal. (Rising Sun, Md.) 1885-1947, 1893-11-10
The More We Pay the More We
Owe

owe.
Two days after the repeal of the
silver purchase clause Of the Sher-
man act the following leading edi-
torial appeared in The Press. New
York;:
But the American people chung to
the use of silver, and, in some poor
fashion, continued to use it in their
currency. The British powers deter
mined that it should be wholly re
jected Early in the summer of this
year the silver situation in India was
considered by body known as the
Herschell Commission, appointed by
the British Government. The Her
schell Commission decided to force
India upon gold basis, and one of
the purposes of this decision was
plainly stated in the following SEN
tence from page rs of the report:
"The closing of the Indian minis
would, no doubt, make it more likely
that the United States would give up
buying silver"
lhe BRITISH Government at once
adopted this suggestion and closed
the Ind ian minis to silver Mr.. Cleve-
land, acting in prompt obedience
to the proposition OF the Herschell
Commission called Congress in extra
session, and directed that the British
policy should be adopted by stoppage
of silver purchases in this country.
The man who can believe that this
act, foreseen and indeed prepared by
British influences, can have the
effect to force England to lend
hand for the rehabilitation OF silver,
may be said to have a queer intellec
tual constitution.
Indie pays to England an ANIMAL
tribute OF about $4,000 900. When
silver was demonetized in India that
debt was at once enlarged. The
wretched peasant must now pay his
taxes in fiat rupee, which can be
obtained only by surrendering a
greater quantity of the products of
his toll. The American people pay
to England for interest from $3.50,
100000 to $200000.000 year.
This is paid in commodities produc-
ed by the labor of Americans. When
silver fell this week the value of that
debt was increased, as it has increas
ed continuously with the fall of silver
during the past twenty years. Eng
land now has call upon more of our
cotton, more of our wheat, our
petroleum, our flour and other pro
ducts than she had one week ago.
The debt increases as We pay it off.
The more we pay the more we owe.
Is it likely that England will fore.
90 the advantage she has striven 80
arduously to obtain ? Has all this
vast intrigue, covering the globe.
been conducted for two decades as
the preliminary to a great act of
sacrifice and self surrender? The
blindest credulty cannot accept such
a suggestion as that Englshmen
laugh in their sleeves at the Ameri
cans who offer it. They know that,
as the b Jrrower is the servant to the
lender we are practically their serss |
When we are IN earnest about re
monetizing silver and beating our
ancient enemy, we shall seek help
not from her, but from France and |
other silver using nations. If we
cannot get it there, perhaps the day
may come when this mighty nation
will think itself strong enough to do
as it pleases without help from the
Old World"
The Press is leaning Republican |
paper, strong high tariff paper; but
it is not an English trucking paper
ike the greater number of the repub
lican party papers are. Two years
hence The Press will be advocating
the Populist party. No American
who has drop of patriotic blood in
him can follow the leaders of the
republican party into the British
camp as Benedict Arnold did, for
gold