The old Abe eagle. (White Oaks, Lincoln County, N.M.) 189?-189?, 1894-01-04
SILVER SHOULD FORCE THE BATTLE

Formerly the east fostered the growth
CT the west and encouraged its develop
mont; but within few years past the in
fant has acquired too much strength and
threatens to eventually become the con-
trolling factor in shaping tn economic
policy OF the government as we'll as shift
the commercial supremacy to the Mis-
sissippi Valley and the Gulf ports. The
prospect nf such consumm ltion could
not of course be pleasing to the conceit
or preiudices of that self constituted cen
ter of culture OF the present and the wis
dom OF all tina, Bat the feeling that their
former dependents toward the setting
of the sun we,e tending rapidly toward
CONNER cial, industrial and financial free
dom was more serious cause for alarm
New York as the money center OF the
country began to feel the rivalry of west.
eru cities, and when the troubles last
year came like blight over the nation
New York banks had to look to the west
for aid instead Of sending help in this di
rection as had been the rule. Tns vast
was the better prepared for the crisis
was the more solid financially.
Manufacturing too was finding new
home in the Mississippi Valley and far
ther this way; merchants OF the great
mid continent cities were importing such
goods as they bought in foreign markets
directly and without the Intervention OF
sea board houses; cattle and grain we're
going to European consumers without
paying tribute for passing through the
east; aud the growing agitation in favor
Of direct shipments to outside markets
from the west through New 0 leans and
Galveston threatened to reduce the
naughty mistress to secondar position.
Something must be done to check this
trend If things.
This was one OF the deeper reasons for
the war on siver-the youngster must
have set back. If this great source OF
wealth OF the mountain states, and fay.
orite money metal OF the grain, grain G
and cotton states could be- rendered IN.
available the growth OF the whole sec.
ton would be checked in the most effect
ual manner. Destroying or curtailing
the use OF silver as q money metal was
the bardest blow that could be struck al
the danger that threatened the long en-
joyed supremacy.
So the war against the peoples money
metal was begun. II was charged with
being responsible for the financial de
raugement which began to make itsel
severely felt late in ~! An extra seq
sion OF congress was convened and tn,
members whipped into obedience to tn,
mandate OF the President, who repre-
sented the American aud English golc
syndicate, whose specious plea waa tha
stopping the purchase OF silver by
the gov, rnment would restore con fdenc,
and bring the money boarded away int
circulation again, revive industry anC
set the whole train Of enterprise in mo
ton once more.
But results, or the want of them, from
the repeal Of the purchasing clause o
the Sherman act have been the reversl
OF satisfactory;and men who aided the en-
emies nf silver in the extra session begil
to look at the question in a more liberia
light. The proposition Of treasury de
partment to bridge the deficiency chasn
with an issue of bond helps many TO la.
aside prejudice an look at the matte
with moro intelligent appreciation o
its merits In England too the disas
trOus results of that country's closing o
he Indian mints has strengthened th
irien ds OF bi.meialism. These circum
stances make the present favorabl
juncture Tor forcing the fight for silver
II can bc done with better chances ot win
ming It permanent advantageous plac
in the monetary system Of the world tina
could havo bocn won for il before.
What is needed ia an agreement be
tween the nations using silver whereby
world dollar, with the same purchasint
and debt dierhnrging power in all III
countries iD the Skre, ment, be adopted
America as a great silver produ in
country would greatly profit by such a
arrangement while the countries tia
/ must purchase their supply would nj
be AT more disadvantage than nov
There are indications that such nm agre'
m-ut is within the scope OF the pJssibi
tiles OF the near future.
, WHITE OAKS needs an outlet b