The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-07-23

s acUrfea 81. iSqisie' ssezstssyl
and &. stropye appeared "A The r0suuu
oI the soeiete Lnpsriaie EeoHomi9Ee
Lsbre to deal with H. B1utmy's STATE
ments.
They confined themselves to ealing
ia question the possibility Of an Inter
national convention looking to the re-
establishment Of bimesallism. and at
the same time undertook a general de-
tense Of the minister whom they rep
resented; but both speakers failed to
modify the impression already pEo-
duced upon the audience, which was
on this occasion larger than that at-the
sitting of the 9Th Of April. On the
other hand, two brilliant speeches By
j.. Rafalovieh and S. scharapof, f0ra-
ing q sequel to NJ Boutmy'g address.
were vigorously applauded.
The most successful address delivered
at fhis sitting, however, was thatof b.
Fimiriazef, director Of the economic
and statistical department Of the min
istry Of agriculture, a gentleman whose
great lesFniHg, high responsibility aud
Official status enhanced the effect Of his
eIoquenee.
n. TimiTiazei began by bitterly re-
preaching the authors of the projected
reform with the faisehOods which they
had put forward during the last tive
years, and which he dealt with one by
one. He demonstrated by an abundance
OF evidence that the decline in the price
Of wheat, from which Russian agricul-
ture suffers SO cruelty, is in nowise at
tributable to oyerproduetiOn, as the
farmers have been peTsistently asked to
believe, but beyond question to the ap-
probation of gold; for the most careful
statistics show that there has been no
oyerproduction, and that all other fac
tors in favor of low prices which are
now put forward existed prior to the
latest decline in value, which has con
tinued during the LAST few years, while
at the same time this decline comedies,
on the contrary, with the new rise in
the value of gold recently observed.
"Ouragrieulture, said n. Timiriazeh,
sis dying out because, instead Of an
arachine "a Russian measure Of length
Of 10 yerschok, we have the arachine Of
80 verschok, given by gold monometal'
ism" And finally he declared that ex-
/ periments of this kind have already
brought Russia to the brink ofruin.
This address. which was throughout
declaration of war against NJ. Whites
financial system, evoked great enthu-
siasm, and on concluding NJ. Timiria-
zeff received an ovation.
It should be remarked, comments the
American, that the Russian minis were
not closed to free silver coinage until
1893, that the paper rouble is ct a dis
count Of 80 10 per cent. and gold at q
premium of 50 per cent, (which premium
the Russian agriculturist gets the ad'
/ vantage Of in the disposal of his surplus
grain to gold-using Europe. And, re.
ceiving the advantage of this gold pre-
MUM, the burden of the appreciation
Of gold and the fall in gold prices ha;
fallen upon the Russian agriculturist
with but half the weight that it has
fallen upon our farmer The Russian
like our farmer is struggling with com
lpetitors enjoying bounty Of 100 pei
| cent, but, unlike our farmer, who has
nothing to compensate him for this
hardship, the Russian agriculturist
himself enjoys compensatory bounty
Of so per cent.
1t should further be remarked that
it has been NJ Whites purpose TO es
tablish the gold standard in Russia OF
! the present basis of depreciation. Hi
thas proposed to stabilize the premium
on gold, make two gold roubles the
equal Of three paper roubles, coin {
new gold rouble containing but two
thirds as much gold as the old and re
sumo specie payments, suspended sine,
the Crimean war, although the paper
rouble rose nearly to parity to gold be
} fore the Turco-Russian war, on thu
basis of these new roubles. Thus while
putting forward as a new standard
money appreciated 100 per cent, bi
holds forth 4 measure Of justice Il
debtors, proposing to pare down debt
by one-third, or, what comes TO tn
same thing, authorize the payment o
. debts in gold roubles Of but two-thiFd
Of the present weight. de would il
effect raise a debt of 100 roubles to 26C
but legalize its discharge by the pay
! meRt Of 1913 roubles. Where he tool
three rOubles from debtors by tampeT
ing with the money standard he woult
give back two by tampering with tn
| coinage and legal tender laws.