The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-08-17

steady as to render human llbor effect.
i've oil the year round. These various
industrial advantages have lIsed peO
pie whose wants are but tow and simple
to export largely more than they buy
hence the balance of trade is always
against the West and requires q con
stapt and extended supply of silver to
| lquidate 1t. The cheaper this silver can
be obtained the greater the profit 70. he
agent that effects these ex changes, AZ
the purchasing power Ot silver has not
declined in the Orient.
! Whatever town or country became the
prime factor or mercantile intermediary
in conducting these exchanges has
grown Opulent aud powerful. The glo
rv and magniicence OF 'radmOor, Tyre,
Venice and Genoa attest the truth Of
this assertion. After the doubling of
the Cape by the PORTUGUESE aud the con
quest of Egypt by the urks which rem
dcred unsate the caravan trade across
the country TO the Levant, Lisbon be.
came the dlsburslng centre of these eX.
changes and enjoyed all the grandeur
and magniticenCe of her predecessors.
The Dutch succeeded the Portuguese as
The masters OF Oriental trade and Hol-
land became in It's turn The richest cOuu
try IN Europe. The last transfer OF Of.
eutal trade has been from the Dutch to
the English, who still enjoy it, with tn ?
great additional advantage of an ample
supply OF cheap silver from the West to
man ipulats it.
The situation, l think, has already
been made sufficiently plain why Eng.
land shonld advocate the degradation of
silver. But WHY should the tarme S,
more than any other class, object to
Englaud's use of this silver? Western
Europe furnishes market annually for
over two hundred million bushels of
| wheat and about two thirds of the co..
ton crop. The farme of the United
States compete with silver standard
countries Tor Lhls market. England 80
manlpulates cheap silver in her Eastern
trade as to make profit OF the decline
| in silver. She does not even pay out
sixty five dollars in gold for one hundred
dollars worth of silver, but settles the
debts OF the United States in the East,
with her manufactured wares. That is
as the United States are purchases of
the East. England receives OF Lha
United States sixty live dollars worth
OF silver bullion aud s,LLles the dabLs ot
the United States in the East to that ex-
tent, with her manufactured wares.
Then she takes the bullion and buys
enc hundred dollars worth of wheat or
cotton, which places the farmer OF the
United States alta disadvantagh of 35
per cent. THIS discount is not confined
20 exports, but as the surplus DISPOSED
OF III The neutral markets of the world
likes the price, it equally affects The
| a nd M Il
This situation has not been the result of
natural causes, of economic forces oper.
atlng upon the choice of individual pro
ducers and exchanges it has been
wholly work OF mans accomplishing
as it WAS Of mans desiring. Eugland
did not accomplish unalded this great
llnanclal TACT. which not only furnished
ready TO her hand cheap silver IN ample
volume, TO manipulate, at increased
profits. three iourths of her commerce.
but added so per centlO the value OF her
g)l"! mines in Australia and SO per ceut
| To tho value 0t her Vast credits.
She had au ally-thu nOrLiea tern
portion ot these Uni ed States, Il section
Which has always entertained business
ideas OF the partnership, as Indicated by
Governor Morris aa early IA the ConsLi.
tuLIonal Convention OF l7S7, when he
salf: "l'rOperty is The man hjact OF so.
cleLy. The Savage State is more favor
able to liberty than the civil zad, and
was only rcnonuced TOR the sake OF
property." About twenty years after
wards the same idea Was advanced ty
Josiah Quincy, when, smarting under
the restriction OF President Jcllarson's
proclamation OF embargo, he said, but
| n
inactive assistant to the men OF New
England, who saw their profits and
their capital vanishing unher policy
OF Federal COVER mrnt.o THIS section
appears TO have always regar led The
Union as Il lucrative arrangement b.
tween the States TO be sacrificed or
maintained ny arms, as their interest
dictated. Perhaps No other section with
as ie" natural advantages undcr pOp-
ular government proi' 5sedlv organized
TO esta5l sh ils ce, lprO,. .-ote the gene, -
al welfare and secure the blessing OF lib
erty has ever 80 enriched and agsrand-
lZed itself at the public expense through
The mysterious agency OF legislative div
| idends.
Awaiting itself of the skill and valor
OF the South to be freed from the colon
i"i P'iiSJ vi NlttJ DGlJdll, IL no soon
3r found itself free than it enforced
the very same shackles on the other
States. The aggravation Of this policy
having been checked by the nniliica.
tlon OF South Carolina in 1892, was
suspended until the withdrawal of the
Cotton States from the Union IN 1860,
| "hen this section assumed full gov,
ernmenlal control. During the four
years OF war 1t legislated ntarly at of
the outstanding obligations OF the ma
Ilon into Its pocket. The face value
OF these obligations was about 3S per
cent. Despite the fact that these ohli
gaIlohs were legislated to par value in
coma scheme which was stoutly Oh.
posed 10y A. II. Thurman, voted AGAINST
Dy every Democrat and denounced at
s1 s6e I'll time me by Garrett Davis. and second
eu 3y Thomas +. Bayard, AS a public
robbery of $500, OO,O0O-this verv sll. sec,
Hal, tlon had already been plotting with the
monet,sstiNWV n"Hsis OF Western Europe by the de,
again. You said in your issue r,'0 of
June 28: The gold bugs Of wall
l a nai