Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1895-05-01
THE POWER OF SILVER.
Francis G. Newlands Has Some Very Novel
Theories.

Theories.
Francis G.. Newlands, member of
congress from Nevada, has added q
story to the history of the Japanese
Chinese war that is interesting. Mr..
Newlands is at the Holland House,
New York. He is an ardent silver
advocate, and his story is in support
of the assertion that silver is the great
est of money metals. He said yester-
day:
''It was during the time that James
G. Blaine was secretary of state, l re-
ceived letter from the state depart
ment. introducing to me a number OF
Japanese, comprising a commission
who were in this country to investigate
our money system. They told me that
an agent from England had been in
Japan trying to get their government
to demonetize silver. They talked
with Senators Stewart, Jones, Teller,
Sherman and others. They were
warned not TO think of allowing silver
to he discarded as a money metal.
The result of this investigation is that
today Japan is the greatest power OF
the orient.
"What would have been the result
had Japan done as England wished? ?
When this question of war with Chi
ma arose, Japan could not have carried
on the war had she been upon a gold
basis without first consulting England.
A gold loan would have resulted, and
England would have Japan by the
throat, even as she has us today.
"England fears Japan more today
than she does any other nation on
earth. Japan has been successful in her
war with China. She has gained the
concession of entrance to certain ports,
and the right of commerce with GER
tain districts is open to her. England
views this with alarm. She would
crush Japan in an instant if she dared,
but the combined powers Of the world
will not permit it. England has no
hold on her from a money point of
view, and Japan standing free and
untrammeled, she will come out from
the era of ignorance into the age of
progress as the mightiest power of the
orient. England is helpless. She can
not crush her as she did China, when
that nation tried to close its ports to
the Indian opium. England closed
her silver mints in India, but Ja-
pan held out. Today Japan is 60
ing forward with a stride that is
surprising. There have been as many
spindles put up in Japan in the last
two years as there has been in England
in the last five years. How England
will try to crush Japan is not known,
but she will do all in her power to stop
her growth, as she foresees that an en-
pire is building up in the East, that is
directly antagonistic to her, so far as a
money basis is concerned. 1t will be
the orient against the occident-silver
against gold; and the practical demon
stration, even for this short time, shows
the great value of silver as a money
metal.
"England does not fear us today.
She can drain or fill our national treas
ury at word. We are helplessly in
her grip. We had the chance in 1878
to become the great silver country of
the world, but we cast the opportunity
aside, demonetized silver, and today
England controls us more absolutely
than if she had left her troops and gov
ernors here since 1776."
Mr.. Newlands is much pleased with
the outlook Of the silver element in
this country. He said, in contented
sort of way: ave have got silver
party and are now well under way.
MIR. Sibley is the logical candidate of
the silverites for president if cam
paign is made on that issue. The
bimetallic party is the neuclus of
great party. 1t depends upon the old
parties whether it ever attains its nat
ural strength. If the old parties ig..
more silver, the new party will pull
from both of them and grow into an
organization more powerful than even
the Republican party, which sprang
from the Democratic and the Whig
ranks. AS slavery was the issue that
led to the formation of the Republi-
can party, so silver is the issue that
may lead to great bimetallic party. 1t
is O more absorbing question than slav-