The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-07-17

rs y and 5S n q! In other wOrds
if India contributes a % per cent.
lift to silver by giving it free coin
age, why can not she lift the ratio
from to "a to l to l6? What,
permit me to ask, with much re-
spect, is your view as to this? We
are aware that you favor bimetal-
lism, and not merely "by-and-by
metallism." Either a monetary
union over strictly limited area
will establish the parity, or, if not,
then the whole system is chimeri-
cal; because if bimetallism needs
to be universal, then, also, it follows
that our opponents are correct in
declaring that the system is inn
practicable, because the detection
of one or two warning nations would
serve to destroy it.
The new French prime minister,
NJ. Meline, on Saturday last when
pointing to the rapid spread and
acceptance by experts OF the bime-
tallic theorem, declared that what
alone is now needed is the "electric
spark" Such an electric spark
may well prove to be free coinage
plank in the national democratic
convention, which meets at Chicago
on July7. For even if the republic
can party should elect its president,
still that plank, unless countered
by a similar move in the republican
party, will certainly secure to the
democratic party the control until
1900 Of the all-important senate;
whereas, on the other hand, mono
metallist counsels, should they
dominate the party at Chicago,
will both leave in that party the re-
cord Of disgraceful surrender and
will leave Of that party for gen.
Grafton to come not one stone stand
/, ing upon another.
Such is the great exchange crisis
/, which to-day confronts the whole
9 world of trade. Its effects on inter-
g national trade, still dimly perceived,
/, are probably infinitely greater and
Q more complicated than any OF us at
i all appreciate. We have seen,
e with the great rise in the gold prem
e ium at Buenos Ayres since 1890,
y the wheat area in that country, in
It creased from 1890, 900 acres in
: 1891 to 7,l41 900 acres in 1895;
Q while in the same period the wheat
i exports jumped up from less than
; 2 600, 900 qrs. to nearly 5000, 900
y qrs. Here is a competition which,
o while the press is shouting for
9 "honest money!" has made Kan
q sas and Minnesota not less desolate
9 than Essex and Lincolnshire. On
r the other hand, we saw, in 1898,
q an artificial, manipulated rise in
! the exchanges between India and
9 the far East strike the milling indus
It tries as by lightning; so that 80, 900
It operatives there were thrown out OF
" work in few weeks, while yarn ex-
d ports from Bombay fell of one
3. third, and the government OF India
was obliged to come to England be-
N cause Of the exchange disturbance
s and the contraction of her exports,
l. exactly as America has today come
n to England, because of the contrac-
n ton of her exports, in order to bor-
y row gold. We have seen these ex-
loI peIiments in exchange; we have
J. seen experts, such as Mr.. Herman
m Schmidt, exactly foretell, in evil
'e dence before royal commissions,
t. the results which were to follow
n from these experiments; and yet
M silly people there are who still de-
le clare that steady exchanges with
m four-fifths Of mankind are immater-
.yial, because international trade is
Y merely international barter!"
N Let me only add, in conclusion,
is that Europe and America are in
t, deed to be congratulated it because
IN Of the intuitions Of the common peo-
ID pie in the western republic, we are
G. now very near the dawn Of better
,e days. At time when political
is leaders the world over are, as never
n before in history, disappointed and
! lIdisgraced, the western nations, un-
m guided and unguaided, cropping in
n the dark as to the magnitude Of the
10 issues involved, have come within
to an ace OF being routed and their
T, industries decimated by that ex.
cd change crisis which has given thei
o, silver money to our oriental com
at pettors at half price. If, then, w
a succeed in evading the greatest race
Id danger with which we have eve
been confronted, we shall owe on
ce escape, not to our statesmen, VIII
ITS have failed US, but to the detection
by of pseudo liberalism, false econo
'er mics, and half-truths (worse thai
nd any lies) by the great America
it nation. Not without reason di
he Lincoln declare of that nation
ess "You may fool some Of them all 9