The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1896-04-22
yyfons sass 81


In isclasing the financial 81 .sSss
reno qussti on ell 81 IA fsa , II
gold ste lidard assusis Is hat tbs ID Is ifeaE
States musts have Sas iIOne t8rpS d tasis,g
in accord with that OF Eng land !. g tES;aS &
as the National BIN eta Iist q ssVs 'S III f,sS
onfounding OF all disti 1cti onis.s nrSl
interests are difeotl lyss the 81 Wessa S,f
those OF Eng land !, She III ths erea Tes tsst
GREG ditOr matte on IN the woT Id 81 Wa |arssa
the greatest ebtor. y 8. loll ais, al Is !
be doubled In va ue K q. e., purC IlaSIn9
!p0wer) she col lects t rice as much & z
dollars he t,bSed In alue. We soav9
twice as much, Sfs That lis the a rersnca%
an 4. nut ST Eng and ia 5a cred tor
.t0 the extent Of & S 10, 900, 600, 600. !
are are q debtor to tho ex tent 81 $6. .OUO. .s3
wy wy VOC, This is about the atno unit 6f Z
:, our W; I. 4 oreign d dcbt. But the reader
liasg Z MY /. ainf that foreig gners ha va
sent OQ0, 900, 600 over hero !, ,,fi IN 81
vested ~ OF at al .St "a d ah nwnl hVasi
Gen Warner lii ti n mi az 1S ~ M o;, &
our debt abro pub hed RI s,s s y s sS
OF the NATIONAL Bime ali inss 4 ssa s1, d
our total foreign debt an untai ,sSss ~
ly $1.200, GOO, 600 81 nee then "a IYag
exported 5000, 90 |, ,7y2eO ore seol ii AID
silver than we have y: j imported Ss ar,d /
$l,749, 1856, % more M merchand isa than &
we nave irnpOrted q This make q .tt1t&l s
balance in our favor Of SO, B6e, OOc zoo. ).
And yet our foreig nj debt has risen
from about S l, 200, 900, 900 sto Sc 900 S.
000, 600 How has this startling q c0r . "
dition arisen3 Simply by3 the sreis, .55
vestment Of profits. The forei q q cred Ss
itor has dra Wn OUT such sums as l,e%
needed while the remainder has bes1l 4
reinyestea OF course each feinvests I
ment means an additional burden al
interest, which the Americ prod ducers
must ny & annnall pay to- the fofeig
In Is inta a. er reat meas1Fe ytIisp z
tremendous men prodn We capacity Of The
y Y nllted States has been used to increase
cur g debt b and add to tho tribute We
mnss annually ..ll pay to Europe a
TTils.on. ni. q which goes tn E1g land.
Ing more 7, prof table these reinvest-s
But when the rei nyestm Il n 4 eSaa1 &c,
be profitable, they cease {fto bs made s. III
and the European creditor Ia kes 4 & 4
larger and larger prOportion Ia 81 Ghis
American iucome abroad. The ii & wav8 t,vssv,:. &
goes our gold, as fast as ocean srFavgS
hounds can carry 1t. y Il One pl ore foot
OF the momentous signiflcanc &C. 5 % TO /
pay our present foreign dobt of SO. 900. =
wy, 000 on q gold basis, would take q. as /
IN i8eS I y @ or t 873 would have paid debt
OF, $l2, ,000, 600, 900 the prices having
fallen one half. So that atwithoutShay.
ing received an additional dollarif from ! !
abroad, and after having ex ported
S2,S66. 600, 600 more Of gold. silver and 4
merchandise "a than we have imported,
our foreign debt has in effect increased
from 81, 200, 600, 600 to just about ten,
times that sum. And yet We are sesS
rlo!usly told that we must be iii accord &
with the financial policy Of Eng gland,
anG continue to pay, our debts at the! ]!
rate OF two dollars for one, in order to \
be honest. ~ Times and Democrat.