Mohave County miner., 1897-05-22
More goId RsPorts.

The Constitution remarked some time ago that whenever there is demand for gold in any part of the world the pres- sure of that demand will ultimately fall on the United States treasury. This de- mand comes just now from Austria and Japan. Austria is carrying to conclusion the system inaugurated a few years ago, but Japan is new factor in the gold market, having been induced to make gold the unit of value by the arguments of the European money lenders. Hav- ing once taken the step, Japan has gone about the matter with the extraordinary activity that marks all her adventures and enterprlses, and had succeeded in sending the yellow metal to a premium in London.
 Ostensibly the Bank of England has been supplying the demand, but now 1t is falling on cur treasury. By next Tues day night about 5000 0O0$ of gold will have gone abroad, and the outflow will oe limited only by the amount that Aus tria and Japan need for their purposes The European banks will not surrender their gold for export to Japan, except in so far as they can secure it from the United States treasury.
 It is stated with fine humor that there is no harm felt hy the treasury officials at these exports. This is undoubtedly true. The treasury officials do not hold office for the purpose of being alarmed. It is also stated that the folder officials" attribute the outflow to the large imports on account of the tariff. If this statement is true, Mir. Mckinley and Mir. Dingley should look after these folder officials" To attribute gold exports and their prob able results to the republican tariff bill is to give that party large black eye.
 The diagnosis Of the treasury officials, we are sorry to say, is not sustained by facts. If gold exports were caused by imports of merchandise, the rates of sterling exchange would register that fact. But there is no scarcity of bills in the exchange market and the highest quotation is S9$, which is not sufficient to yield any profit on gold shipments
 But the heavy imports of goods as the result of the tariff bill will undou ubtedly have thelr effect after awhile, and will add seriously to a situation that is already felt by business men to be serious. There are symptoms in the New York papers that go to show a very nervous and anx- ious feeling as to the business outlook For a while the commercial agencies were induced to add dab of rosiness to thelr reports, but these agencies cannot afford to add too much color 10 their in- formation, and we now find them pre- senting the situation as it really is.
 All hands have done their best to play the game of make-believe-the glib ora tor and the gifted editor
 It is sad there is to be great revival when the tariff bill becomes law. But it will be the game of make believe over again. The manufacturers who have had their interests cared for in this monstrous measure will make a great hurrah in the matter of putting their machinery in operation. Enthusiasm will be kIndled in various quarters as the roar and racket of the mills fall on the ear.
 But the end of it all will be unstable stocks piled up in the warehouses. The result is as certain as if it had already happened, and the reason simple enough to be comprehended by an eight-year.old child. The tariff may enable the manu- facturer to put a higher price on his goods, but it does not give purchasers a cent more than they have now. There fore, if consumers have no money with which to buy goods at present prices, where will they get it when prices are higher?
 What will the republican party do about it? How will it escape the results of the fraud it is perpetrating on the people? And how will the gold men con- vince the people that their standard of value is either honest or desirable?
 Those who are looking forward to great democratic revival will not look in vain. It will be the grandest and most overwhelming political revolution that