The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1896-09-11
A Good Long Look ut Very Small
Pile Of the Standard Of Value.
COLDS PROTECTIVE POLICY
Our Protection Of Eastern Paupers
at Expense of Our Own
Taxpayers.

Referring to the closing of the
India mints by the government of
India, Mr.. Reed of Maine made these
remarks to his constituency in 1894:
''We have learned from this
object lesson, that the yellow man
using white money, holds at his
mercy the white man using yellow
money!.
This object lesson, the average
gold bug seems unable or unwilling
to comprehend. He is very ready
while singing the praises of sound
money, to attribute the closing of
our manufactures and the decrease
of our public revenue, to the re.
peal of the Mckinley tariff. This is
impossible, as the average differ
ence between that law and the one
under the provision of the Wilson
bill is only ten per cent. The rev.
enue declined under Harrison S
administration nearly $50, 900, 900 a
year, and it was only declaring
the books at the close of his term,
that they could make anything of a
respectable showing of the finances.
Where then is the blame, and why
attempt, as Mckinley did in his let
ter OF acceptance to throw the blame
entirely on Cleveland's administra-
ton, as he simply continued in that
part of his policy, the same line as
that marked out by his predecessor
in Office, and the same policy which
the St. Louis platform has outlined,
and which Mr.. Mckinley has uncon-
ditionly occepted.
But if the Blind gold bug will open
his eyes long enough to look (fgur-
atively speaking) across the water
to the land of the yellow men, who use
the white metal, he can easily anal
yze this lesson, unless with his US
ual bull headed pertinacity. he
comes to the class with the asser-
ton that figures do lie, and they
want different kind of arithmetic,
he would see that the demonetiza-
tion of our silver money, has given a
protection to countless millions of
pauper laborers IN the far east who
use it as their national currency.
The value of the silver coin is
Just the same to the Chinese and
Japanese as it was before we de-
preciated, by more than one half the
value of our silver bullion. And to-
day American labor is paralyzed,
because of this protection of over
fifty per cent given to those nations
against ourselves. No wonder we
are becoming a laughing stock for
the heathen While they are en-
abled by US to procure their money
at such rates they can force us out
of any competition in many of the
leading articles of the commerce of
the world. Already Japan has ill.,
vaded our markets to such an extent
as to practically close the silk mills
of Patterson, has crippled the indus
tries of our ingram carpet manu-
factories by her cheap mating, and
is now preparing to crowd to the
wall all our cotton mills. This is a
sample of the protection you toilers
got when J ohm Sherman committed
his unconstitutional burglary. And
today the people are in one sense,
in the same condition of the peas
ants Of India England demon
etized her silver, and her parasitic
money sharks grow rich and fatten
on the Juggling of her finances.
Have we not parallel case here,
under the star spangled banner?
Wall street fattens on the spoiIs she
reaps from her speculations in our
finances, where the people hope and
wait, but hopelessly wait, for relief
(Which does not come. And yet you
hear many of these same men pray
ing for continuation of this same