Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1894-07-18

ey.
In the present condition of affairs
there is no money to buy cotton and
corn and wheat Tor foreign consump-
ton. Break down the barrier now
maintained by the Senate Of the Unit
ed States, check this viper called OBJ
struction to the will of the majority,
give he Senate free power and play,
and IN ten days from this time the skies
I Will brighten, business will resume its
ordinary course, and the clouds that
lower upon our house Will be in the
deep bosom of the ocean buried"
With the repeal there came no inl-
! provement. Our securities held in
Europe were sent back in increasing
! quantities to be sold in our markets.
Prices fe instead OF rising, consump-
ton decreased, more mills closed, pro-
duction fell off, more men were thrown
out of employ ment, wages fe |. The
winter was one of the most intense
suffering to the labOring and produc-
ing classes this country has ever
known. 1t was said that Spring
would bring an improvement, but now
VIC III ~ NCth vi 81 u X Has DdSScu anu
there are no signs OF Improvement.
Wheat and cotton, the great st pie
articles of agriculture are at least
twenty per cent lower than VIII II the
Sherman act was rep 3aled. Great mum.
bers OF mines and manufacture es.
Establishments have closed since that
time. The wages OF American labor.
ers have fallen at least twenty-five per,
cent, and all the ind cations are that
d, they must go still lower.
The Government sold fifty mill ons
of five PEI cent bonds for gold, pat the
sum of SOS, 0OJ, 600 i'll the treasury, and
had, Ma ch 10, 1891, Sl07, 900, 900 in gold.
That sum is lie nc q to about S64, 900,
600 now. IN the month of May, 1893,
the net export of gold was attributed
! to tie evil effect of tie Sherman act
but the month of May, 1894 t net
export ofgoid was over $26, 0O0,O 0, ana
th1 net loss of gold from the Treas.
ury was so, 121, 900 In the first seven
days of June, and one of the seven was
Sunday, tie export ofgold was not lie g
than $5,000,0O0. Our exports wer5
never so larg in volume as now, nor
the prices received 70. them so low.
! Mr. Reed was one of the active sup.
porters of the repeal Of the Sherman
law, and don't wonder tn 1t he is now
concerned at the disturbed conditi II OF
| In ,r nd oil .,,l
that, feeling his responsibility as leg
islator, h is casting about to see from
what source the relief must come. ]
doubt whether we can unite the ques-
ton of the coinage of silver and the
question Ofprot Ction. In IAN interna-
tional agreement, every country will
ms t on controlling its revenues by
the levy;ng of import duties or inter-
nal taxes. 1t is hardly possible to sup
pose any country would enter into an
agreement that would deprive it of the
right to speedily change its revenue
laws, if the condition of the country
should 30 demand. | am sure the
American people, whether free trader
or prot ctionist, will not consent to let
Great Britain or any other country i'll
terfe e in the question, what shall be
the pc icy of this government to the
collection of its revenue, or the pro-
lection o its industries. Such a course
will not be tolerated by a free D ople.
We must, in a matter so closely touch
i al our reople, be independent.
1t is much rs ifficult to secure an
international agre ement as to the rela-
ton that silver and god shall have to
each other in the d fferent countries of
the world, than to arrang9 a general
syst I'M by import duti S; and an inter-
national agre- ment concerning money
will b. much more stab if not con-
nected with the question of tariff
than if with. / con ider an interna-
tional agreement concerning money
possible, but | can not believe it is pos
$ bic, to secure it in connection with
the tariff question.
| l am III favor of an international
monetary agreement if it can be had
on proper basis, say of Il ratio be-
tween gold and silver of 15I to one, or
at our ratio Of l6 to 1. am confident
If such an international agreement is
ever ha it will be at a ratio of 49, To-
! l, which is the ratio of France, but [
am not very hopeful of an information.
al agreement in the immediate future.
do not believe the gov rlmeat of
the United States ought to wait for
such an agreement. would hava the
government of the Unitel State, act
Independent ly. We ought to open our
mints to the free coinage of god and
silver on the French ratio of 10 to l.
I sNr 81 Nl in nt e. 4
will do so, other countries will follow
our exampls and Opel their minis to
the coinage of silver.
| There wi he no real prosperity un-
/ til the monetary question ~ settled,
and it must be settled by some one or
all of the great nations of the world
| believe any great nation that will ac-
cord to silver the same money power
and mint privileges accorded t. silver
by France, and by the United States
prior to 1878 will settle that question.
and bring TO the people that prosper
ity which was promi, ed, and witch as
nation we are entitled TO, and which
we would have enjoyed but for the
uhWise legis' alton of 1878 and subse-
quent thereto. The countries having
the silver standard, have had for years
a degiee OF prosperity and stabi ty Cf
prices not enjoyed by any go q stand
ard country. The adoption of the gold
s,andarl by the United States was an
experiment., and has cert Iinly been
great failure. All admit that our con
dition is depiorable, and must grow
worse instead of bitter. unless, the
cause OF this depr .ssion is removed.
think may as err, without fear of
successful Contradiction that no other
rsmscy has been proposed that prom
ISIS an hope e. i..Ie-.