St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-31

debtedness bearing interest according
to this official gold standard docu-
ment, and the report Of the secretary
on July l, with the $50, 000, 900 of bonds
then to be delivered to the Rothschild
syndicate, aggregates s., SS1, AZ, 502
BY reference to page 80 Of the above
gold standard authority the railroads
IN the United States, at the close of the
nscal year 1888, are stated to have cost
| must all be paid by the public, either
in the cheap dollars you speak of
which will come from free coinage, or
III the dear dollars now existing from
recommendation; for the public pay.
through using the railroads, the in
Vestment in them and the usual inter-
est on them as effectually as they
meet government expenses through
taxation. These public demands. add
| ed together, which are public indebted
| ness in effect, aggregate 81, 455, lis. ZIG.
| While the assessment of all real and
! personal property in the United States
IN 1880 was but $25, 473, liz, 418; so that
! the cheap, or dear dollars, is over "A
! per cent of the assessed value of all
| property in the United States in that
year; and every man who owes no
oepts' or mortgage of a private char
acter IS nevertheless mortgaged. in
! eHect, for A per cent of all his hold
| 1ngs, and the contract in the mortgage
against him is to be doubled in its
erect, unless we restore free silver
coinage in the ratio of 16 to 1. without
waiting for Europe's consent.
In addition TO the above reasons
the restoration Of free coinage by us,
ana the readoption of our laws ex-
listing until 1857, making the coinage
of South America and other silVeT-
using countries legal tender in oura.
Will increase our foreign trade and
our foreign price, and develop a home
Prooncl0n and industry which other
"a fSr,rr
The Encyclopaedia. Brittanica, for
1880 places the approximate import
/ trade OF the countries to the south OF
Sso IN III 6 1887 at $522 10000, Of which but
states that their manufactured i'm
ports came almost wholly from Grea
Britain, France and Germany. gold
standard countries. But restore GU.
! oId coinage laws, and our old laws
making the silver money of these
! countries legal tender here, ana
these countries to the south
of US will cease to import nanufact-
! lred goods from gold-standard coun-
sively, which is enormous. and much
larger than in 49,
What is true of their trade will be
| true OF the trade Of other silver coun-
tries More than half the people on
the globe use silver money. 1t is the
only money of Japan and China, which
countries have a population one-thiro
larger than the total population OF
al Europe; and they lie less than half
the distance from us that they do
from the gold-standard countries OF
Europe; while through the recen,
treaty made this year between Japan
and China, twenty-five ports in Ching
have been opened to American trade.
Not only viii free coinage lessen the
burtben of taxation upon people our
of debt one-half and the burthen of
the exactions paid in freight and pas,
senger rates by the public nearly one
half but it will bring to US yearly
s4e0, COO, $50 more of gold money from
the gold-standard nations of Europe
than we annually now receive from
them, by reason Of the fact that our
exports to these gold countries now
exceed our imports from them in the
sum Of over S4S1 900 600, as shown by
pages 70 to 81 inclusive of the gold
standard authority heretofore referred
to- which was issued by Secretary Car
Isle on Dec. last and if, as claimed,
free coinage will drive all gold money
from this country to Europe, then
free coinage, and the laws which pre-
vailed with US until ST, making the
coinage of silver countries legal tender