The Caucasian. (Clinton, N.C.) 188?-1913, 1896-02-13

against the gold standard. The man
ufacturer will soon learn, IL be hal
not already learned, that this 10 tn
only protection that will save him.
With 4 sufficient supply Of full legal
tender money to meet the increasin nj
needs Of our people and preserve th'
stability Of prices. tn. farmer and
, manufacturer can 60 hand In hand IL
! building up all OF the productive in
dastries Of our country, but II ths
manufacturers insist upon . singi.
gold standard then there can be moth.
ing in common between them and ths
agriculurists Of the country. Ths
farmers are now perfectly aware thai
the tremendous fall in the price Of
their products il due to the scarcity OF
money and 10 Asiatic competition
Therefore they can not and will mol
firmly by assisting in artifcially rails.
ing the prices Of Manufactured prod
ucts while no steps are taken to pre-
vent the depreciation Of the prices OF
the products OF the soil
! This Congress can not afford to in
crease taxation without at the same
time increasing the ability Of the peo-
pie to pay. Therefore we should not
vote to pass any tariff bill for increased
revenue unless We, at the same time
and in the same bill, strike down the
single gold standard and increase the
number Of legal-tender dollars in this
country by the free and unlimited
coinage Of silver.
| Commerce can not expand while
money is contracting. Nothing can
expand except debt and misery while
the volume OF money is contracting.
The thing that has blessed .the silver
using countries is that their silver
money has remained stable in purchas-
ing power and debt-paying power.
The thing that is running us is the
appreciation Of gold.
But, to return to our cOnsuls. | re-
peat that it is passing strange that
they should not point out the alarming
menace to the prosperity Of this coun-
try rs they;dOi and not at the same time
point out the cause or suggest rem
edy. They hold their positions by ap-
pOintment from most vicious, cruel,
and relentless gold mOnomaniac. This
may be the explanation. The silence
Of the bulk Of the American press on
this question IS also very noticeable.
A few papers have called attention to
the dangers, but only a very few have
pointed out the cause. Are they ig-
nOrant, or is it possible that so many
of them are under the influence of Brit
ish gold?
In this connection wish to call at
tention to two high-tariff papers.
Here is one, the American Economist,
which think is run as kind of Re-
publican campaign paper to talk tariff.
This paper, in every column, is talking
about tariff, tariff, tariff. Occasionally
1t finds room to put in a little para
graph giving some news item, and here
is news item that | find in its COL
umns, which | ask the Secretary to
read
The PRESIDING OFFICER. The Secre-
tary will read as requested, if there be
no objection.
The Secretary read as follows:
Japan is the only country in the world
that has bought more raw cotton from us.
since the new crop year began, than in 1894,
A year ago. in three months to November
80, Japan took only $40 bales, or 464, All
pounds, of our cotton. This season Japan
has taken 800 bales or 1866 1891 pounds,
an increase of 5000 bales. While the
larger quantity is not alarming as yet, it is
mighty significant to our cotton manu-
facturers, who may feel the effect of the
they anticipated.
Mr.. BUTLER, The journal points
out the evil, but fails to point out the
cause or the remedy for it. The editor
says it is significant and dangerous,
but he does not say that the tariff will
remedy it, either because he knows it
will not or because he did not want to
admit that the tariff was not pana-
cea for all ills.
l hold another paper in my hand.
the Home Market Bulletin, which is
spending its days and nights talking
about the beauty of the home market
and high tariff. Here we have almost
exactly the same news item. THE arti-
Gle reads:
In 1893 Japan took American raw cotton
to the value of l ,273 421 yen and 1894 to the
value of 2.6sO.6 yen The ven Is worth
50 cents and mills in gold. A business
which more than doubles in one year NAV
be said to be good.
But of course this means that we shall
sell Japan little of no cotton yarn or cloth
hereafter, and if Japanese cottons do not
deluge our home market within five years
it will be because our tariff is raised to keep
them out.
This editor rashly says that the tariff
is the remedy. But it will be noticed
that he was careful not to say how
high it would be necessary to build the
tariff wall. If he had attempted to do
so his statement would have fallen of
It's own weight and preposterOusness
In this connection l want to quote
what business man says in an inter-
view in the Washington Post of De-
cember 10, 1895, which l ask the Secre-
tary to read.
The PRESIDING OFFICER. The Sec
rotary will read as requested, in the
absence of objection.
The Secretary read as follows:
Few people are aware to what extent the
Japanese are becoming our competitors in
the manufacture of certain lines of goods
and II something is not done to counteract
1t, there will ere long 60 up big wall from
our people," said Hon. Geo. A. Maltz of
Detroit, at the Arlington.
mot long ago friend of mine in New
York was waited on by the representative
OF japanese firm and shown samples of
buttons made over there. The price asked
was so low that my friend supposed there
was some mistake, but he was convinced to
the contrary, and gave an order of $1,000.
This Is but one instance. In the matter of
making matches they can send every con.
Germ that produces them in the United
States into bankruptcy. Of course the rea-
son, lies tn the difference of wages. Fifty
cents week win pay for labor in Japan,
and we can not compete against that"
Mr.. BUTLER. Mr.. President, you see
that that business man points out
clearly the danger. He says that if
something Is not done "a big wall will
soon 60 up from our people," but he
satisfies himself by saying it is all due
to the difference between labor. Here
is direct testimony as to the great evil,
but lodging as to the real cause, If
the difference in wages is a cause at
all, 1t Is very small cause compared
with the difference of exchange.
1t Is plain to any man who will in
vestig gate the question that the extra
ordinary development of manufactures
IN Japan is due absolutely to the fact
tnat silver was demonetized here and
in Europe. Japan is the rival of our
for that reason solely.
Meantime, while the premium on gold