The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-10-09
WoRLp.s NEEp 81 sILvER.



shs Gaght &C Use.
The New York Fin acial News, IN
lengthy editorial Disc lsion Of the topic
suggested by the above head, calls at
tention 70 the fact that since our repeal
Of the purchasing clause of the Sherman
act there has been a steady increase in
our exports Of bullion, amounting to
everything not used here averaging for
1894 over three and a tenth millions Of
dollars per month, for 1895 over three
and half billions per month, and for
the eight months of 1896 over four and
a tenth million dollars per month.
The Financial News publishes in the
same connection an interview with a
Wall street business man, which the
Penny Press deems worthy herewith Of
reproduction;
"This silver finds its way to India,
China, japan, the Straits Settlements,
to countries all over the world using
silver. Oriental countries are sinks for
silver, will absorb any amount and
never give up any. Their business and
their demand for itexpand and increase
constantly. This is true in other coun-
tries, and must go on. AS 70 the Eu-
ropean countries we sell it TO. the
cheaper they get it the more there is
in exchange with the ultimate buyer,
AZ to the latter, the cheaper they get
it the more there is to them in building
up their industrial and commercial com
petition with gold-using and with bi-
metallic countries. The difference in
price between coinage price and what
we get for it, say, half price, is not only
direct loss to US on a valuable and i'm
portant export, but it is bounty to
oriental countries to help them expand
their business in competition with US
Protection and cheap silver cannot SO
together. The one is protection Of our
home market to the home manufac-
turers. The other is bounty to the for,
eign manufacturer to the extent of fur
nishing him money worth q dollar fol
so cents, and with it he is becoming Z
competitor. If the price was full coin
age price as IT would be under free coin
age, we would not only get twice as
much per ounce for what silver we could
spare but &c should cease to give ouI
industrial and commercial opponents
the advantage over Us which we now
give them. We are the largest silyel
producers in the world; Mexico is mex
and South American countries produce
a large part of the remainder, and viii
free silver coinage in this country We
would control the worlds silver.
"Silver alone is the money of nearly
billion, or two-thirds of the world pop
ulation. The operation of the appre
ciating gold value has been, SO far as i
applies to silver itself, to enable Eu
ropean exchange dealers to buy silvel
from silver producing countries at hal
price and to sell it to silver using coun
tries which produce no silver, at full
price, Appreciated gold has served Il
make all export, or selling countries
sell their exports at half price, as meas
ured by gold, and Of course this hal
brought their domestic trade down t
the export price level.
''The United States, as the Iarges
producer, by free coinage could contro
the silver situation. With silver here
at coinage price we would get all Mexi
can and South American surplus sill
yer, or else force countries buying +
direct to pay coinage price. Ther
would then ensue, in silver-uging coun
tries, a struggle for silver, such as hai
come for gold in gold-using countries
since the yellow metal was started il
the scale Of appreciation by throwing
out silver from the minis. Then thu
European countries would have to fur
nish their oriental and other silVer-us
ing customers with silver or lose TIT
trade of those countries. There is NJ
question as to what they would do. The
gold would come for it, at coinage price
Making silver worth coin price will in
crease the worlds demand for it. Tht
United States has advantages as q pro
ducer and as the neighbor of the othel
producers, and in her own wealth anC
power to be master of the silver situa
ton; if she will only exercise it,"