People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-07-30

Now if the law of supply and de-
mand is Obeyed since the Republican
party by its legislation reduced our
stock of money one-half Or more and
in addition there to cut off our
greatest source of money supply does
not the demand at least double on
gold the remaining supply.
This being true the action of the
Republican party has increased the
purchasing power of gold at least 100
per cent and the demand for silver
having been removed by the same
action it has deprecated correspond
iDgly.
Therefor it costs 10 the products of
labor twice as much to procure dol
lar as it did before the demonetiza-
ton of silver.
Hence it is costing US double to pay
our debts under Republican 'egisla-
tiOn as it ought to and the creditor is
realizing double what he would under
the law which governs the contract
which law and contract was set aside
by the Republican party.
Again this action of the Republi-
can party makes conditions favOring
manufacturing in silver and paper u.s.
ing countries and against the interest
of American manufactures.
1t must be admitted that the gold
standard countries must manufacture
on the basis of the appreciated dollar
and that other countries do manufac-
ture on the basis of the cheaper cur
rency, the difference being about 100
per cent.
For instance the Mexican peso IDOL
lar will buy as much material and
labor that go into Mexican manufac-
lures as it ever did. The same may
be said of the Chinese tael and the
japanese yen, Therefore the Next
can, Chinese and japanese manufac.
turer may and can sell az article which
cost them in their currency $1,000 for
$1,000 IN ours and in the transaction
gain 90 per cent. This advantage to
them is rendered possible and practi-
cable for the reason that they receive
pay Of US in gold appreciated 50 per
cent, while at the same time the sill
yer paid for tile material and labor
gone into the article has not changed
or deprecated at all.
Then it is true that the gold stand.
ard Republican legislation is destruc-
tive Of our home market and to the
same extent destructive to Ameri-
can labor. If otherwise the Republi-
can party would explain why it is
that silver using countries are under
selling US in our home market, and
why it is manufacturing in the silver
using countries has received a new
impetus-at the same time in America
being crippled and retarded, You say
that these difficulties could be over
come by a protective tariff. Not so,
my friend. If by a prOhibitive tariff
we exclude the goods and wares of Sill
yer using countries they would in
turn retallate by shutting US out.
Not only this, but they would con-
tinue to shut US out of other markets
whenever and wherever we come in
competition with them, by undersell-
ing US.
The facts are as developed by logic.
BY reason of the fiscal policy Of the
Republican party we are paying a pre-.
MUM of 100 per cent on gold, which
inureS to the benefit Of As:atic and
Oriental industries.
That the conditions claimed in this
specification are true is evidenced by
effects. 1t is not denied that manu-
featuring has been greatly stimulated
in all silver and paper using countries
and that their manufacturing inter-
ests are rapidly increasing and that
goods and products of gold standard
countries are being shut out of their
market.
Hence the goods and products of
England and other gold standard
countries are being dumped in much
larger quantities on American wharfs
than heretofore. In this way Ameri.
can products have been and are being
crowded out of our home market and
the cost of material and labor which
enter into our manufacture is being
continually lowered at the cost of the
producer and labOrer, and the end is
not yet. ia. CoRBETT
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