The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-02-27

tenn we should be receiving annually
over $500, coo, 900 of that which other
nations use as money. If we received
their gold for our surplus products, In
fifteen years we should have the worlds
gold in our possession; aye if we re-
ceived their gold and silver in exchange
for our surplus products we would
drain the world in thirty years. What
would they do then9 On the other
hand what are we to do having put
ourselves practically on a gold basis to
accommodate what Mr.. Carlisle calls
the general judgment of commercial
nations" or as he claims that gold is
the only international money, and all
trade balances are settled in gold or
which is the some thing, on a gold
basis3" In the report of the Director
of the Mint for 1898, page 81, l find
that our net excess of exports of gold
for the last fiscal year was $S6 .S97, 275.
| Our estimated stock Of gold being $751;
600, 900 (page 49) it would require a lit
tie over seven years for them to drain
us and leave us entirely without money,
compelling us to go back to the old bar,
ter system. 1t is safe to say that the
| foreigners will not permit u to take
all their money, nor will we permit
them to take all of Yrs But just as
| certain as there is established a money
| of the world, and that limited to n
commodity gold just as certain must
the great sea-level of prices the world
over conform to and be regulated by
the volume of money in circulation.
| The same will be true of each nation
in the circuit. When any n nation
| finds that it has less than its share (this
will be clearly designated by the range
of prices) it will begin a scramble to re-
gain it such as we witnessed in our
own case last year, by bidding more of
the products of labor for the dollar
than any other nation. 1t was our go
| cent wheat that brought the return
tide of gold to this country last year.
| When the necessity of some other ma
ton compels it to have the gold it will
underbid us, and away will go the gold,
leaving business here paraly zed, with
misery and ruin in it's wake; and this
perpetual see saw will continue and in
tensify until the most highly civilized,
prosperous and intelligent people sinks
to the level of the most benlghted, ig-
noranT and poverty stricken people US
ing the same kind of money. There is
not, there cannot be, any escape from
this proposition. The pauper labor of
Europe and the rio labor of India will
meet us in the markets of the world in
the wild scramble for gold, and those
who will sell the product of their labor
the cheapest will get it. With a money
Of the world" we should at least have
the worlds markets to trade in.
Had we a national currency of our
own as we had in the COS there would
be some object to labor in having a
high protective tariff; but with q
worlds money not even a Chinese wall
would avail. To advocate a protective
tariff in the interest of labor and de
mand "a money Of the world" is very
much worse than straining at a gnat
and swallo wing a camel.
SURRENDER TO FOREIGN DOMINATION.
Whenever or government surren-
ders the sovereign right of legislation
to foreign domination it ceases to be a
free and independent government. On
small and comparatively Unimportant
matters we r great sticklers for
American independence and superi
GRITTY. The Monroe doctrine has been
more scared than the constitution.
The Maximillians of Europe will not
be tolerated even in old Mexico. If a
mob in a little republic in South
America attacks in humble sailor in
the street; right or wrong, on the
double quick an apology and repara
ton is demanded and enforced. So
jealous are we of America for Ameri-
cans" that we take under our Eagle's
protective wings 1.-The islands of tie
sea-" even unto the far off Kanakas.
Surely we have witnessed a strange
freak in politics during the past year;
we find the Republican party; the
liberator of the Negro in America; his
undying friend Gin the South; the
stalwart advocate of Federal bayonets
even to secure him a voice in affairs
of State Tin the South for whom "a
free ballot and a fair count" has been
a ringing battle cry for years; and
which is a necessity if free institutions
are to be maintained. In 1898 we find
this same party going to Hawaii to