The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1896-05-21
DtoIEU
SENATOR STEWARDS "YELLOW TER
ROR OF THE EAST"
Our Little Trade with Japan anu WIN"
as 1t Appears Under the 1e to Magn'-
fviuu Glass.

Our Little Trade with Japan and emma
as 1t Appears Under the 10 to 1 Marn'-
flying Glass.
Having failed to get a serious hearing
for their l6 to l scheme on its merits
the silverites have for several months
been trying to brighten the people IN
to voting for free coinage BY holding
up the bogy of Chinese M japanese
competition. By representing that the
products of the cheap labor OF emma
and Japan were threatening our farmers
and workers with ruin they for a time
succeeded in soaring q few timid persons
into the belief hat this country should
| adopt the monetary standard OF those
cheap labor countries. Mr.. Wharton
Barker of Philadelphia was so impressed
with the danger of allowing the Ameri-
can people to buy cheap goods that he
drew UP a set Of resolutions, which were
signed by 16 senators as the basis for
their support Of free coinage. The pre-
amble to the resolutions declared that:
Whereas, The difference Of exchange between
| SllNbT StulQaTua anu kblQ L1lh
| equivalent to a bounty Of 100 per cent on the
products of the silver standard countries, and
Whereas, The cost Of production In the old
world, and particularly in China and Japan, Is
! less than products can be produced or manu-
featured In this country by American labor
without reducing our farmers, miners, me-
chanics, manufacturers and industrial workers
to the level Of Chinese coolies, therefore be 1t
resolved, etc.
Mr.. Joseph Nimmo, Jr., a former
chief of the statistical bureau OF the
treasury department, pricks Mr.. Bark
er's bubble Of theories with the follow
ing plain statement of facts:
1.-The absurdity Of regarding our trade
relations with China and Japan as q
governing condition in the finance Of
commerce is indicated by the following
comparison as TO the value of our trade
with China and Japan and with certain
gold standard countries for the year
ended June 80, 1894:
VALUE OF " EXPORTS.
China and Japan. .................., sJI,olJ'41t
Great Britain, France and Germany So, O42,S
I'm connection with this it is also Of
interest to advert to the total value Of
our foreign and to the total
value of our internal n The
total value CT the foreign commerce Of
the United States during the year ended
June 80, 1894, was $1,547, 1876, 1914. 1t
is impossible to state with any degree Of
accuracy the value of the internal COM
merce Of the United States, but from all
we know it appears safe TO say that it
amounts to fully $50, 600, 600, 600 annu-
ally. How absurd, then, TO attempt to
delude the people Of this country with
the idea that our trade relations with
China and Japan constitute a govern
ing condition Ct a total commerce fully
500 times as great.
ITO assume that American farmers,
miners, manufacturers and industrial
workers can be reduced to the level Of
Chinese coolies by a trade Of such com-
paratively insignificant proportions, and
consisting. ii so far as relates TO i'm
ports, almost exclusively of tea, silk and
other commodities not produced il this
country, and which therefore does not
compete With American farmers, min
SAS' 4-".-u4~S0ulciS anu A4uUStiiai VILE
ers, IS Il vagary too absurd for serious
consideration even in the conflicts Of
partisan warfare
This should convince the American
workingIen and farmers that the"Yel-
low Terror e the East" as it is called
by Senator S!lver-knighJ Stewart, is
only 4 STUFFED scalceclow and very badly
stuffed at ;A@t.