The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1897-07-08
WASHINGTON WISDOM
INSIDE FACTS ABOUT THE
NATIONAL CAPITOL.
An Interesting Talk With the Assist.
ant Secretary of AEriculture-A Cool
Day for Bryan and His Free Silver
Associates.
Washington Letter,


| Mr.. Bryan, the late candidate for
the past few days and has discovered
some rather troublesome facts about
the growth Of our currency and espe-
cially tie growth of the gold supply
OF the United States and of the world
Mr.. Bryan, it will be remembered in
his speeches last fall asserted that the
AZ million dollars necessary to keep
pace with the growth of population in
the United States could not be pro-
duced since the suspension of free
coinage OF silver, and quoted Senator
Sherman in support of his theory that
this amount was necessary to be added
to the currency of the country each
year. He was undoubtedly right in his
quotation of Senator Sherman but it
accurate and misleading in assuming
that this amount of currency cannot be
and is not added to the circulating
medium Of the country by means of
its present facilities. The coinage of
the minis of the country in the year
which ends with the present month
will be in round numbers 100 million
dollars. three-fourths of it gold, while
that of the calendar year 1896 was SO
million dollars. Add to this the fact
that the money in circulation today is
$13S 100000 more than it was a year
ago and it will be seen that Mr.. Bryan's
statements in this, as well as in many
other things, were to say the least.
misleading. The director of the mint
estimates that the gold mines of the
United Suites alone will this year turn
out over 60 million dollars. which is
greater than in any year except 1853
when the California gold mines were
at their zenith.
The Retaliation Bugaboo.
Recent statistics show that Japan
has sold to people of the United States
in the past decade goods amounting
to 313 million yen, the value of the yen
being about equivalent to the dollar,
while she has bought from us goods
valued at only IS million yen. This
simple fact disposes of all the hum
buggery which the free traders are in
III TIC dlIcSSu
tiles that Japan viii! retaliate upon
the passage Of the new tariff bill. by
shutting out American goods. The
shrewd japanese are not likely to sus-
tain this assertion which freed trad
ers are now making that there will be
retaliation against the United States
On account Of our new tariff. Japan
81
ly to take step of this kind but her
financiers and statesmen will not take
a step which would close the markets
of this country to the products of her
own people when those markets are
four times as great as those which our
own goods supply in that country.
Assistant Secretary of Agriculture Talks
No man in public life is more close
~ allied to the farmer and his inter-
ests than is Asst. Secy. of Agriculture
Brigham, whose record as master of
the National Grange has brought him
in close touch with that important
element of the population. In talk
with your correspondent a day or two
ago he made some interesting sugges-
tions.
THE cause of the agricultural de-
PRESTON" said he, "is not easy to name
in a word. Tariff for revenue and free
raw material are probably response |
BILE to a considerable extent. Under
these principles the duties have been
taken from wool and lowered on other
agricultural products, thus operating
directly upon the farmers of the Uni
ted States by reducing prices. The
general revision of the tariff has in