The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1896-02-21
KlNsLEY. EDWARDS COUNTY KANSAS. FEBRUARY 2L 1896
AvolcE FROM NEW YORK.


When the republicans came into
power in 1879, they promised and made
laws to increase the import duties up
on imported manufactured articles,
and to increase the purchase of silver
by government to more than double
what had been bought, and lau ched
the country upon a career of extrava-
CANT penditure. The result was a
temporary advancement, followed by
subsequent depression. Then in 1898,
the people turned from republicans to
democrats, who said they would make
times good when they got into power
by reduction of tariff duties. and by
abolislnng the silver purchasing law.
They did botl-mxde reductions in
the tariff and stopped buying silver.
Eacf party has followed It's bent, and
the country has apparently received
no benefit from either, xnd must look
elsewhere for controlling causes and
remedies.
The bad times at present are caused
by the low p-ice of our products in
general, and OF cotton and wheat the
two great staples of our country in
particular, and by extravaganza in in
dividual and government expenditures.
In 1879 we exported for that calen-
dar year of cotton aud wheat i'm round
numbers 437 aud one half million, and
and in 1892 for that calendar year of
the same plOducts In round numbers,
488 millions, while now for the twelve
months ending first OF July, 1895,
there were exported of these staples
only 319 millions, or say 169 millions
less exports of these two staples tLan
for the corresponding period of 1892
add to this for increased expenditures
of Americans abroad, not less than 81
millions and we have 200 millions less
influx of money from abroad into this
country than 1892.
There has been a loss of confidence
among holders Of American securities,
resulting in the return perhaps of over
than under another hundred million.
Thus we find for two years back an
annual aggregate loss to the country
AS compared to 1892 of several hund-
reds-of millions of dollars leading to a
monetary stringency and lower socie-
tary motion.
Now theu-what is to be donep
First stop all government quackery
and let the great remedial forces of
nature and of sound economic prin
clple effect the cure. Then farmers
and planters not being we'll paid for
their crops will lessen the quantity of
wheat and cotton grown while the de-
mand resulting from increased foreign
populations will be ull the tine calling
for an increase and soon will come
fully up to the production resulting lin
increased prices and balancing up ex-
ports and bringing exchanges again in
favor of this country-with this as
sured and Ss,goverpment of towns,
state and nation of sterling common
sense, and sensible economy-prosper-
ity would return to this nation by the
hard travelled road of conformity with
economic law.
Imitation and collapse are alike dan
gerous and additional paper money
under any guise would be ruinous.
There are 1.-THE footprints on the
sands Of time" of Sir Robert Peel who
in England in 1s4s stopped all in
crease of paper money over the amount
then current. The fact new being
that with so per cent increase in pOpu-
lation in England since then there is
to-day less paper money in use than
then, and the result of such proceed
ure based upon sound financial princi
pies has been commercial supremacy
and prosperity in that country.
Our commerce and our prosperity
should exceed theirs in. Iatio to the
possibilities within our reach and will
do SO whenever managed in accord
ance with economic principles and
natural law.-The Ancient Mariner.