Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-07-23

run dry. Our farmers all over the coun-
try have endured the depression in PRICES
until they get about 8 or % per acre for
like Their credit is exhausted at their
country stores. The country store ceases
to order from the city merchant. the city
merchant reduces his demand upon the
manufacturer. Manufactures are cur
tailed. The consequence is that employees
and all elements Of labor are being dis
charged, and wages are lowered to those
who continue in employ employment The SUI
nearly one-half Of our population are thus
enforced upon the city merchant, the man.
ufacturer and all forms of labor. These
combined elements constitute the over
whelming majority of voters. Their in
telligent conclusion will be felt when ex-
pressed at the polls.
''The banker also is without prosperity
unless prosperity Is general throughout
the United States. He must learn to dis
tinguish between cheap money and money
commanding low rate of interest. The
dollar worth two bushels of wheat is a
dear dollar, and yet 1t commands interest
In Wall street at present of but per cent
per annum on call. If the dollar can be
cheapened by increasing the number of
dollars, so that each dollar will buy less
wheat, being reasonably sure of a profit
increase the demand for dollars to invest
in it's production. Then the borrower
of dollars to invest In the production of
wheat being reasonably sure of profit
"
afford to pay Interest for it's use as a part
of his profit In other words, interest Is
a share of the profit on the employment
of money. So that abundant money.
money readily obtainable. which is to say
really cheap money. is the money which
commands a high rate of interest as a
share of the profit of the borrower in using
it.
LAS we appeal to the country, in the JUS
tice OF our cause. one or two points of COM
mon inquiry must be satisfied as follows:
'"rhe experience Of Mexico Is held up for
our alarm. We answer, first. that Mexico
/ is conspicuously prosperous at home. Her
| increase in manufactures. railway earn
ings and the Hike in recent years is phe-
nomenal. Second. Mexico Is no criterion
for the United States. for the reason that
she has a foreign trade Indebtedness CT
about $2O,O00OO0 annually in excess Of the
value Of her exports of cotton. sugar. cot
fee, hides and the like, which must be paid
for in the surplus product Of her mines.
Her silver. therefore, goes abroad as mer-
chandise. and at valuation fixed by the
outside world. The United States, on the
other hand. is a nation OF seventy millions
Of people, scattered over a territory seven
one of our railway systems the Erie, ex-
ceeds the aggregate railway mileage Of all
Mexico. We offer an employment for
money to an aggregate greater than the
worlds spare silver will furnish us. Hence.
our silver money. at home and abroad.
will be valued as the money Of the United
States.
1.-The opposition threatens us with a flood
of Europe's silver upon our reopened mints.
We answer. Europe has no silver but her
silver money. Her silver money values
silver at from three cents to seven cents
on the dollar higher than ours. Hence. the
European merchant or banker must sacri-
fee from three to seven per cent Of its full
legal tender money in order to recofn 1t
at our minis. Europe's silver ware, like
Americas silver ware. carries in it the ad-
ditional value of labor and the manufactu-
rers profit
'They threaten us with a food Of silver
from the far east. We answer that the
course Of silver Is invariably eastward
and never toward the west. British India