Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1893-09-16
FINANCIAL PALACES.
Foolish Talk About Running
This Country, as if It We're
Alone i'm the World.

When some public speaker, eloquent
over proposed monetary reform, asserts
that the United States government
should regulate its monetary policy re-
CARELESS Of the policies of European ma
tons, he forgets the financial solidarity
of the world. He forgets that as long
| as nations trade with each other, each
has greater or less influence on all 9TH
ers, and that as long as gold and silver
are used by all nations their values will
be determined in worlds market which
is dependent upon the actions OF gov
ernments to the extent which they influ-
ence the supply and demand.
The recent action of India and its
consequent result is striking evidence
of the influence of single act OF a ma
ton on the other side Of the globe on
the worlds market, and especially on
our own finances. The price OF silver
at once fell in London and the United
States as soon as it became known that
India had stopped the free coinage OF
silver.
IF our government is ready to cut off
all trade and all communication with the
rest of the world, or if it is ready to stop
the use of gold and silver, or perhaps if
strong enough to control the nations OF
the world financially, then it may as
sumo an independent position. 1t is ev-
ident that the first and second PROPOSE
tions, if acted upon, would be CONNER
cial suicide, and that the last is an alb
surd supposition.
The fact is, there is growing COM
mercial union of all the nations of the
world, and each nation must shape its
financial as well as its political policy
accordingly. Therefore, when the whole
tendency of the silver market is down.
ward, caused by an increased supply and
decreasing demand caused by the de-
monetization of silver by the nations of
the old world, it is foolish move for
the United States to say to the whole
world we will purchase sufficient sill
yer to keep up its price in the
market. If the government could do
this it ought to be done but there
are strong evidences that the mono
metallic nations would reap rich re-
ward on account of an action of this
kind.
The only way to Ego it alone" is to is
sue paper money that other nations will
not use, to discard the use of gold and
silver and have no trade except barter,
which, of course, is an absurd PROPOSE
ton, but which would give us the indie
pendence which is so glibly and foolishly
talked of, but such an independence
would be very dearly paid for by the
nation that would attempt it.
Right in this connection is another
foolish move suggested by no less per-
sonage than Governor Lewelling, that
the west and the south should form
commercial union and declare indepen-
dence of the east. It would be as well for
the stomach of man to declare independ-
ence of the lungs, or the hand of the
brain. The commercial solidarity of the
east, west and south is established by
the natural development of trade and f.
nance, and it is silly to propose such
measure as the above. Commercial in
dependence can only be maintained by
political independence and that means
war and rivalry of the worst sort and f.
nal cessation of trade and intercourse
with the east. China was the only ma
ton in modern times that attempted to
do this in time of peace and this led to
war and eventual failure of the govern
ment to maintain such stand and it
proved an everlasting curse to the ma
ton that tried it. Such threats are
made only for the purpose of making
votes and for political buncombe,