Courier Democrat. (Langdon, N.D.) 1891-1920, 1895-09-05

well known economic fact that IN Nh n
an increased supply ofmoney ysl1ss|
increased, and when the supply of|
redemption money does not equall
the demand, values decline propots
tionately. That is the reason why
England clingsso tenaciously tothe'
single standard, and wants the Unit
ed States, her great competitor, the
world over, to follow in her train
England is the one great importing
nation of wheat, -four, corn, beef,
etc, of the world. Her markets ret
the price the world over, and our
loss is her gain. u
From pamphlet entitled, The
Worlds Markets." by the Secretary
of Agriculture, himself strong
advocate of the single gold standard
we CLEAN the following highly inter,
esting and valuable information::s
which proves to us conclusivefy
why international bimetallism, by
agreement, has never been anything
but mere by-play of not too scupu.
lous politicians, and never will be
anything else as long as the present
conditions exist:
The United Kingdom imported in
the year 1894 grain of all kinds and
flour to the value of $2S4, 6Sl ,O32 as
stated at the ports of entry in that
country. Ninety-one million dollars
represents the value of the 13l, 000, 600
bushels of wheat imported. This Isl
the largest quantity ever taken by the
United Kingdom in one year, being an
increase Of 6et,eeen Z and 8 per cent 0ue7 It'd
figures Of 1892 and 1898. t,oithstdnding
this increase Of per cent? quantity, values
fell, comparing 1892 soitA 1894, By tsosnty-
nine million dollars. or "a per cent. IL the
United Kingdom had paid the same
price in 1884 as she paid in 1892 to ma
lions shipping wheat to her, her pay
ments would have been $13l 1922, 900 in
stead of S9l 100000. There, has thus
been a saving to her and corresponds
ing loss to other countries of $40, 50O, 900
representing a fall in values of about
80 per cent.
The United States supplied the
United Kingdom with 63 250, 900 bushels
in 1892, with go, $50, 900 bushels in 1893,
and with &C, 1000, 900 bushels in 1894 y
falling off ofnearly per cent 2-1893)
and Of q per cent (1892-1894. The
quantities Of the supplies obtained from the
United States declined 81 per cent from 1892.
to 1894, sohsze the oalue fell off 4S per cent.
The imports from all countries into the
United Kingdom increased (1S92-1894)
in quantity by per cent, the imports
from the United States declined ~ per
cent, and our wheat was was supplant-
ed in that country to the extent Of II
per cent of the total quantity imported
In other words, had we sent in 1894
the same proportion of her total import
as we sent in 1892 we would have for
warded 63,0O0,00O bushels instead of
46, 900 900 bushels.
Can anyone doubt after reading
the foregoing that it is to the inter
est of England to maintain the sin
gle gold standard, nor can anyone.
doubt that she will main4ain il, Just
as long as she remains the purchas-
ing nation and creditor nation Of the
world, unless the United States
takes the initiative and by subsery
ing the principals of bimetallism,
in fact either drive the English.man-
ufacturers from the worlds markets
or force that government to- re-
establish its monetary system. As
it is now, England does not want
international bimetallism and 1t
suits her interests to nicely that
the United States should talk bimet-
alllsm and do business on the single
gold standard.