The Yale expositor., 1895-11-01
A LIE WE'LL NAILED.
TRUTH is ALWAYS ON THE SIDE
OF SILVER.
A sample of the Rot with Which the
Gold Standard Advocates arc Try
ing to Aiislcad tho People OF the
West.

West
One OF the clearest and strongest OF
recent writer's in the cause Of silver res
toration is S. S. King of Kansas City,
Kansas. He is the author of "A Few
Financial Facts" Sample Silver
Bricks" and other works on economic
questions. He writes mainly from the
standpoint of the farmer, and shows in
the most impressive way how agricul-
ture, in nearly all its branches, has been
crippled since 1873. Sample Silver
Bricks" is most admirable little
pamphlet, in which several lines OF in
dustry are taken up singly, and the
shrinkage in values presented In a most
vivid and striking way. The first Is
entitled "A Soft Brick" and it deals
with the alleged prosperity that has
blessed the American people since the
adoption of the gold standard. 1t is so
suggestive and instructive that 1t Is
we'll worthy of reproduction. Accord
ingly, it is given in full:
when was silver dcmonetiZed? 1t
hNNCA NGo utliOhONlLChs LUZ "hNA 'N%S
it deprived of its full legal tender
power? In 1873. What has happened
since then? The greatest prosperity
this country has ever seen. In 1873
Kansas had Zoo miles of railroad, $780,
900 people, and an assessed valuation
of S125, 6S4 ,176. Now she has S,S44 miles
of railroad, 100000 people, an assessed
valuation of 1897 ,501,722 This is only
a sample brick The whole country has
enjoyed unparalleled prosperity since
1873"
"Mr. Charles s. Gleed. of Topeka, a
prominent director of the Atchison,
Topeka and Santa Fe railroad. recently
contributed an elaborate gold-standard
argument to the New York Bond Rec
ord, of which the above Is an extract.
The article, though applauded to the
echo by the gold standard folks, and
even admired by some OF the silver men,
is as false in it's statement of fact, and
as faulty in it's conclusions, as the above
extract will appear when examined. Mr..
Gleed should use harder brick than
he uses. Who owns the 600 miles Of
railroad that have been built? Not the
people of Kansas, do they? Not the
people generally of the United States,
do they? Who do own them? IL Mr..
Cleed will investigate he will find,
apprehend, that somewhere from 80 to
100 per cent of the ownership of Kansas
the east. The assessed values that he
tells us have grown from 125, 000, 900 to
337 900, 900 have fallen far short of the
growth which he gives the population.
He should amend his figures at once.
Applying the simple rule of three, we
have this formula: AS 1850 people
(Kansas population in 1879 are to l $780,
900 people kansas population in 1880
so are $4,000, 900 Of assessed values
QS73) to 500, 100000 Of assessed values
(the required amount in 1880. AS Kan
sas has in 1895 337,000,o0O of assessed
values, instead OF the 100000 900, she
should have according TO Mr.. Gleed's
own figures, II follows that she is short
163, 000, 900 OF assessed values. But in
asmuch as Kansas "a typical Western
state, in Just the same condition as her
sisters)) though distressingly short in
assessed values, is distressingly long on
the interest bearing debts which Mr..
Gleed's friends hold against her, it is
not surprising that he is satisfied with
the peculiar prosperity which he has
discovered. If the reader will turn to
pages 293 and 294 of the Statistical Alb
stract of the United States for 1894,
published under the direction Of the
secretary of the treasury, he will find.
in the figures pertaining to the several
classes of livestock and their values. an
interesting reputation of Mr.. Gleed's
statement of fact.
Farm Animals of the United States.
Jan. /, 1870. Jan. /. 1895.
S,248,S00 Horses -. 15,S93,31S
1,179,500. Mules .... 1888, 10S
1o.095, 900. Mich Cows 1884 GIG