Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-10-14

ter how much money he earns, cannot no
very much hard work. and the iaporers
paid. say 81 per month, with the rupee
at ifs present value OF 81 cents so'p.
Advance silver 10 sI2929 per ounce ana
at once the rupee becomes worm aDOu'
IS cents. and the Indian planter fsnds ms
fixed charges for labor OF 100 men au-
yanced $500 per month, and all his otner
fixed charges correspondin9ly aoVahceu
50 per cent. What, then? He must GET
more money for his wheat. or ne loses
money. Advance the price OF his wheat
and up goes ours, and what Is true OF
wheat is also true OF cotton.
ENGLISH OPINIONS.
Mr.. Moreton Frewen, an Englishman,
and one who has visited India and stu
died this question thoroughly and who
Is also one of the first monetary authori-
ties i'm the world has said: THE price OF
wheat in this country (the United States)
Is it's price in London or Liverpool less
the cost Of carriage from herr there,
and the London price Of wheat IL under
ordinary conditions one ounce OF silver
per bushei Of wheat. Your farmers viii
always have to sell bushel Of wheat.
say in Chicago for an ounce Of silver,
less freight, and charges in London; II.
London price of American wheat is a
dollar and twenty-nine cents. while II
silver Is worth 90 cents, then your wheat
VIII only realize 80 cents. This is a
statement that win bear close examina-
ton, aud It Is the sum of the importance
of the silver question to your nation"
Quoting another Englishman, Sir Robert
NJ. Fowler. wealthy and prominent Lon
don banker and eX-Lord Mayor OF Lon
don I'm 1886. i'm an address TO the British
and Colonial Chambers OF Commerce. he
said: The effect of the depreciation Of
silver must finally be the ruin Of the
wheat and cotton industries OF America
and the development of India as the chief
wheat and cotton exporter Of the world. "
From authorities such as these, and
from prophecies made from ten to twenty
years ago. numberless quotations could
be given, but space does not permit. and
the present conditions OF our farmers and
work people show with tremendous and
pitiless force the truth Of the prophecies.
THE INCREASE OF INDIA WHEAT.
Now, let us see about this increase in
the production Of wheat in India and how
1t has run along with the increase In the
value of gold--or decline In the value OF
silver. If you choose.
In 1873 silver was demonetized in the
United States. and that year India pro-
duced only about one and quarter mil
lion bushels of wheat. This years crop
will probably be 100000 of bushels OF
moie. and each decline i'm the value OF
silver has showed an increase i'm the
quantity of wheat.
In 1873 the cotton-mills of India had
practically no export trade What they
made was used In India, and the manu-
facturers found no profit In export.
The first decline in silver marked a diff
ference. and the next year showed an ex-
port of about 100000 pounds of cotton
yarns. exported to the silver countries OF
China and Japan, and the next year $50
with a further fall of cents per ounce
in silver, showed an export Of over 1--we
times as much as i'm 1874 Five years later
with a further fall in silver. the exports
rose again fivefold, and became 250oO,OG
millions OF pounds, and each decline IN
silver showed an Increase OF cotton raised
and cotton yarn exported to China and
Japan. until I'm 1891, with silver still going
down, the astounding quantity Of 10000
O00 of pounds was exported to China and
Japan or six times as much as England
sends to those countries. How great II Is
to-day l do not know, but it has increased
greatly, and the manufacturers Of Ian
cashire. Eng. are much exercised about
their Eastern cotton trade, and amons
this wealthy. study. well-posted. well
educated, and cultivated class of mer
there are a large majority who are earn
! est bimetallists, and as there IS a wrons
to be righted in this matter, we and they
will sooner or later win. with the present
Indications pointing to it's being no further
off than November the 3D. next.
w NJ. COULLING.