Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1896-04-24
From The National Bimetalllst.

for the Chinese, at this time were build
ing the Imperial Canal, and in India
gorgeous and magnificent temples were
being constructed.
| Are we going to follow this example? ?
Are we going to furnish money, depre-
ciated In our own country, but to other
nations worth its own value, that they
may beautfy and make rich their own
lands while paupering us?
At this time the Roman Empire must
have had men who we'll might have
been named Sherman, Carlisle and
Cleveland. who acted as emissaries to
India and China and made the Roman
masses believe that silver was worth
less and so demonetized it.
The monied people of India and
China at that time. probably, were as
ready to buy it at fifty cents on the
dollar as their descendants are ready
to buy 1t Of us, and we are not sure
that they even paid that much.
But, however, they lost their mon
ey, their trade, their power; for when
nation or individual loses money,
credit goes with 1t and with the credit
goes trade and power.
To this loss of money and power may
bo accredited their decline in civiliza-
ton, their decrease in population and
commerce and the disappearance of
their freedom. History records moth
ing to show the cause of this deplorable
result except the shrinkage of bimetal-
lie money.
History repeats itself, and If we, the
people of the United States, cannot re-
tainb metallic money, we will follow
in the footsteps of the Roman Empire.
We alone are not suffering from the
demonstration of silver; the peasan-
try of all gold standard countries are
sharing the disastrous results with us.
In the statistics compiled by Arch
bishop Walsh of Ireland 1t is shown
that prior to 1878 the exports of yarn
from India to China and Japan alone
were practically nothing. In 1878 &C.
Cured the demonstration Of silver.
What effect that had upon the industry
may be seen from the following table:
In 1874. ..... ..............$ 100000
In 1S15....... .......... 100000
In 1851 ....... ............ l0,UUU,UUO
LII 1000. ....'.......' io,UUU,UUU
In 1879. ........... ........ 121,OOO,OOO
In 1891. .......... 65,000,00O
England had this trade until silver
was demonetized in 1873, when she lost
it, and while losing this she lost in
nearly every other branch Of commerce
in proportion. 1t is only question
of time when all her spindles and looms
will be silenced.
What has been said of England may
be said also of the United States or any
other gold standard country, unless BIZ
metallism be adopted.
Demonstration of silver is RESPONSE
BILE fer this loss of prestige.
1t is easily enough seen why silver
standard countries prefer to trade with
one another; and when silver is de-
monetized by any nation that nation
begins to lose her trade.
To cite a suppositious case that may
De udu6 dppllCdDie W ouISeiVeS. oup-
pose we were to have our gold dis
counted at the rate of 100 per cent by
the silver standard countries. Would |
we not at once seek some gold-standard |
nation with whom we might trade, that |
our gold might be taken at par? Re-
verse the case, and tho present situa
ton is explained.
AS 1 have said. they sell the manu-
featured article in a gold standard |
country for gold, and for gold alone.
They take away nothing but gold. |
This is one reason, and potent one,
why gold is disappearing from the
United States. This gold is shipped to
London and is changed for fifty cents
on the dollar for bar silver, which is
taken To China and Janan coinad and