Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-04-23

for the Chinese, at this time were build
ing the Imperial Canal, and in India
gorgeous and magnificent temples were
being constructed.
Are we going to follow this example?
Are we going to furnish money, depre-
ciated In our own country, but to other
nations worth its own value, that they
may beautify and make rich their own
lands while paupering us?
At this time the Roman Empire must
have had men who well might have
been named Sherman, Carlisle and
Cleveland, who acted as emissaries to
India and China and made the Roman
masses believe that silver was worth
less and so demonetized 1t.
The monied people of india and
China at that time, probably, were as
ready to buy 1t at fifty cents on the
dollar as their descendants are ready
to buy it of us, and we are not sure
that they even paid that much.
But, however, they lost their mon
ey, their trade, their power; for when
nation or individual loses money,
credit goes with 1t and with the credit
goes trade and power.
To this loss Of money and power may
be accredited their decline in civlliza-
ton, their decrease in population and
commerce and the disappearance of
their freedom. History records moth
ing to show the cause Of this deplorable
result except the shrinkage of bimetal-
lie money.
History repeats itself, and II we, the
people Of the United States, cannot re-
tainb metallic money, we will follow
in the footsteps of the Roman Empire.
We alone are not suffering from the
demonstration Of silver; the peasan-
try of all gold standard countries are
sharing the disastrous results with us,
In the statistics compiled by Arch
bishop Walsh of ireland 1t is shown
that prior to 1873 the exports of yarn
from India to China and Japan alone
were practically nothing. In 1873 &C.
Cured the decentralization of silver.
What effect that had upon the industry
may be seen from the following table:
In 1874. ..............S 100000
In 18I5....... ............ b,UOO,OUO
In 1SSO........ ............ 25,OOO,OOO
In 1883. ......'...... t0,OUO,OOO
In 1899. ........ l2fOOOOOO
In 1891. ....... .,........ 165,OOOOOO |
England had this trade until silver
was demonetized in 1873, when she lost |
1t, and while losing this she lost in
nearly every other branch OF commerce |
in proportion. 1t is only a question
of time when all her spindles and looms
will be silenced.
What has been said Of England may
be said also of the United States or any
other gold standard country, unless BIZ
metallism be adopted.
Demonstration of silver is RESPONSE
BILE for this loss of prestige.
1t is easily enough seen why silver
standard countries prefer to trade with
one another; and when silver Is de-
monetized by any nation that nation
Immediately begins to lose her trade.
To cite a suppositious case that may
be made applicable to ourselves. Sup
pose we were to have our gold dis
counted at the rate Of 100 per cent by
the silver standard countries. Would
we not at once seek some gold-standard
nation with whom we might trade, that
BUR gold might be taken at par? Re-
verse the case, and the present situa-
ion is explained.
AS have said, they sell the manu-
article in a gold standard
country for gold, and for gold alone.
They take away nothing but gold.
This is one reason, and a potent one,
why gold is disappearing from the
United States. This gold Is shipped to
London and is changed for fifty cents
IN the dollar for bar silver, which is
aiken to Gina and Japan, coined and