Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-08-02
Silver Notes.

The decentralization of silver is the
Lords prayer of European Jewish
bankers.
Ernest Seyd, agent of the Bank of
England, one of the Imperial banks of
Berlin, and the gold trust of Europe
had S5,0O0,OO0 placed to his credit to &C.
complished decentralization in america.
If silver were remonetiZed and Sl.29
all ounce, as it was in 1873, instead of
SO cents, as it has been since, England
would have to pay the difference for
the silver she uses in India, and the re-
suit would be that Indian wheat would
cost 81 Ill Liverpool instead of $1.25.
1t is little wonder that wheat is but
40 cents in the northwest and 35 to 40
in Kansas, when the ROthchilds and
Bank of England and the New York
Central and Vanderbilts control the
elevators of the Black and Caspian
seas, and New York and the northwest
and the price of Indian wheat through
the manipulation of gold and silver.
To accomplish the decentralization of
silver and further fall of prices they
have invoked the assistance of the cred
itor classes and the eastern people.
The creditor classes realize that the
fall of prices increases the value of
their notes, mortgages, etc. The east
ern people raise less than they con-
sumo, so they are in favor of cheap
prices for produce. They do not stop
to reflect that the limited means for the
farmer, mean limited market for the
manufacturers, and consequently dis
tress for manufacturers and laborers.
When England demonetized silver,
prices fell one-half and foreclosures
came thick and fast with constant con-
fiicts between the people and authori-
ties.
In 1872, we exported SIPS, 000, 900
worth of breadstuffs. The price of
these has risen and fallen with the val
ue of bullion silver, which CONTROLS
India's product. Had this silver re-
tanned the value it had before demone-
tlZed the price of these exports wonld
have been $200,000,0OO, India's trade
would have been shut off, and our sur
plus taken by England at 100000, 900
more, total of $500, 000,0 enough to
turn the balance of trade immensely in
our favor, pay the public debt In 6 or
years, and make us as we ought to be
before many years, creditor nation.
Were silver demonetized wheat would
probably drop to 25 cents per bushel
and cotton to cents per ID, for there
is not enough gold to furnish the peo-
pie of the U. S. and of the world two
dollars yer capita.
When the law of 1890 was enacted
silver went to 81 81, wheat to 81 10 and
cotton to IL cents. With full remone-
tlZation the results would have been
tar better. Since then secretaries have
largely nullified the act, and the pros
pect of its speedy repeal, prevents
buyers investing at anything but cut
throat prices.
Restore silver fully, and increased
mining will probably give 40 millions
of gold and 100 millions of silver. To
raise the per capita from the present
amount would require $1,000, 900, 900.
TO retire the bank notes would take
$50, 10000 more. To reach the $50 per
capita in 10 years would require coin
age of $410,0OO,OO0 yearly, which is
more than the world can produce. So
all the scare about flood of silver is
{. scare about something impossible.
Besides, we have higher ratio 16 to
than any other nation. EurOpe's ratio
has been 15i to l; midas Is to l. For
Europe to ship her $I,l0O, 900 900 in sill
yer here to recoin at IL to /, would
cause her loss of $33 100000 For In
dia to ship her $500, OOO, 900 here would
cause of go millions. This shows
that the ratio of Is to is too high IN
stead OF too low.
The increase OF our population is
about million yearly. TO keep up
per capita of $50 would require more
than our mines would probably pro-
badly produce viz: $l40,0OO.0OO leaving
nothing for arts and manufacturers.
The world does not produce enough
coin to put us on $50 basis and divide
at all with our neighbors. The only
way this could be attained would be tC
supplement What free coinage will not
give us by paper currency.
The infamous policy of Sherman
Hazard & Co., has deprecated values
at least 40 per cent, and robbed oul
miners and Eaipe owners yearly of SIS,
600, 600, our farmers and planters OF
81 ,250, 000, 600, and other Industries il
proportion. though they have tried tt
bolster up manufacturers with an arti
fetal tariff.
Onr producers are robbed every veal
of more than the British taxation o.
'76 would have have amounted to in 10
years, of more than the slaves the ssatl
fought for were worth, and England
pockets large portion of the spoils
Are we free or are we English. serfs
These facts we have extracte,
and condensed from an article Of Col
A. q. Fisk.