Southwest-sentinel. [volume] (Silver City, N.M.) 1883-189?, 1893-08-08

and resolutions adopted amid great
enthusiasm, which after giving a
lengthy review Of the financial
situation for number Of years past
declare that less than one humid
red millions of gold has gone out
of the country within the past six
months and behold the failures,
insolvencies and monetary strin-
gency. If the destruction Of three
hundred millions of greenbacks in
the 5ears following 1878 and 1874,
If the withdrawal Of less than one
fifteenth of the money of this coun-
try by our English creditors in
1891 and 1893 could produce such
disaster what will be the effect
when one-half of the worlds mon
ey is destroyedP If the with
drawal of less than one hundred
millions of gold has SO seriously
affected the values of stocks,
bonds, wheat, cotton and all pro-
ducts and commodities in this
country, how will the destruction
of money, the use of four thousand
millions of silver affect the value
Of products and commodities with
debtors, nations as we'll as individ-
uals, pay their debts? If we thus
place ourselves within the control
of the English gold trust and sub
ject ourselves to respond to their
calls for gold, when the caprice of
disaster in some one of the nu-
merous English dependencies in
duce her to call for her gold, what
will our condition be then? Re-
member that England owns the
accumulated gold of the world and
has loaned it out to other nations
upon gold bearing bonds. We
can get no gold except from Eng
land and we will have it substan-
TALLY on call. Is the position of
the debtor owing money on call
ever safe one? Is it wise to sub
ject the United States to the dis
astrous effects of every financial
whim which may occur in any one
of England's dependencies?
All gold now in America is
England's gold, loaned to us and
which she may call away atany time
by the American securities, as she
has done twice within the past 8
years. Remember that England
has a corner on the accumulated
gold of the ages. The annual
product of gold from our mines
does not affect this corner as it is
constantly diminishing and is only
sufficient to meet the demands of
dentistry and the arts. Remember
that America is the largest own
er of silver in the world. She
has vast accumulations in her
; vaults represented in circulation by
silver certificates and treasury
notes. If England owned all the
wheat and America all the oats
would it be wise in America to
pass laws preventing the use of
oatsP We disclaim any intention
of appealing to any inherited pre-
JUDGES against England of her
policy. England knows her own
interests and sustains it by legisla-
ton. America apparently does
not know her own interest or if
she does fails to sustain it. We
call the attention of the eastern
money centers to the fact that
they themselves are Interested in
the industrial aspect of this ques-
ton. The east has more money
invested in mining regions than
the western people have. Do the
owners of the Northern Pacific,
Central Pacific, Atchison, Topeka
and Santa Fe, Denver and Rio
Grande, Colorado Midland, Union
Pacific, Oregon Short Line and
Great Northern realize that silver
mir. ng is at the bottom of most
every industry in six states and
three territories upon which they
rely for business. Do they realize
the vast amount of eastern capital
that will be destroyed by the de-
struction Of silver mining and the
industries allied to it? Imagine
ton fails to picture the disaster
which will come from the over
throw of silver mining and the
industries allied to It. What the
coal and iron mines are to Penn
sylvania, what tho manufacture Of
textile fabrics is to Massachusetts,,
what tho raising of cotton means
TO the south, what the raising Of