The advocate., 1897-09-15


better customers than all the rest OF the
world. On the other hand, we are not
their best customers by long way. For
the past fiscal year our purchases from
them amounted to $167, ,947, 800 making
trade balance in our favor of 1910, 500
772. We buy from others more than we
do from them, their bills amounting to
2l.96 per cent. only of our entire imports.
Roundly speaking, while they take
nearly One-half Of all we sell. we only
take from them little more than one
fifth Of our purchases. Naturally enough.
this state Of affairs is unsatisfactory, TO
the British mind. 1t is all the more I'M
satisfactory as the prospects are that the
balance Of trade in our favor will tend
to grow constantly heavier.
Associate Justice Allen, of Kansas:
The system of cooperation is an inter
mlnable network extending to the far
thest corners of the earth. Because we
buy and sell we are none the less de-
pendent on those from whom we buy and
to whom we sell. Just now Europe looks
to America, and especially to the great
West, for food for its millions. We look
thither for a favorable market for that
surplus for which we have no present
use. In order that this commerce may
be carried on, either the existing organ
izatiOn Of transportation lines and sys-
TENS Of exchange must be maintained or
something else must be substituted. Or
der is heavens first law, and it cannot
exist without rules Of conduct are de-
clared and observed. The main differ
ences Of opinion among the people are as
to the directions in which the functions
Of government should be extended or
Curtailed My own view has long been
that railroads are public highways and
that the public must ultimately own and
operate them. Corporations whose in
terests are antagOnistic to those of both
their employees and patrons can never
be trusted to manage them. Private own
ership Of the routes of travel and means
of transportation are an anamoly in our
system and must ultimately give way
to public needs.
Washington Post: "The Bryan dol
lar" to which our New York cOntem-
porary alludes with undisguised con-
tempt, was not invented by Bryan, but
was created by the people of the United
States acting through their Congress.
We make the statement not in the way
of news, but because Of the confirmed
habit among a great many newspapers
Of sneering at "the Bryan dollar" We
have some 440,O0000O Of standard silver
dollars in circulation, largely by paper
proxies. All told we have silver to the
amount of $550,000, 900, reckoned at it's
coined value. Every penny that has
gone out of the bullion value of silver
since the decline began has caused a loss
Of millions to the people Of the United
States-a loss that can only be made
good by rise in the price of silver. But
each Of the despised Bryan dollars"
although containing less than Al cents
worth of silver, is still good for 100 cents;
still as good as gold for each has the
faith of the United States pledged to
keep it at parity with gold, and the
world believes that the pledge will be
kept In other words, each of these sill
yer dollars requires about SO cents in fiat
to keep 1t afOat at par. Considering the
immensity Of the stake this nation has
in silver is it wise, is it patriotic, to do
or say anything calculated to cheaper
that metal? Is it fitting that officials
of the United States Treasury and the
sound money papers should join in a
chorus of sneers at the Bryan dollar"
and chuckle with glee whenever values
go out Of and fiat goes into our $55O,OOO,-
900 Of silver?
DR.. Pierce's Pleasant Pellets are tiny,
sugar-ccated granules. They give to ma