Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-08-26
SEN. STEWARDS VIEWS.
HE SCORES PRESTON, THE DlREc-
- TOR Of THE MINT. r.,

l.: 8 .E.,.I9 ~ II l,iaauh l.ii ,3.%
The DeclaFAilon That all Nations WIN go
to the Gold Standard q Destination
That they are PF'fPPRRFfa Y. 81 Into H.
"'iENFi }, 2h'i . -. ".a
81 ;a:.o7, : : 5 .1--so4. NJ iuu.a
The statement Of the DIRECTOR Of the
Mint Preston, in an interview recently
Mat oHtside. Of the United States all
1StiQns want to go to gold standards,
hat MeXico would do it today aif she
sould, and, further, that the country
! would fall into line with the rest Of the
/. World, ebming, as it did, from d public
7 official whose business 1t is to deal With
nothing but the cod, hard facts that
come before him, has attracted much
fattention and called down upon him
the cdnsure Of the silver men. Thead!
vocates of free coinage believe that Mr..
Preston has gone out of his way when
he seeks torepresent Mexico ds c6hteh-
plating anything like an adoption of
the gold standard. 20! l7" =" '''' '-
Indiseussidg this interview, Sehhtor
EStewart, who is famlliar1wiBh con-
4, ditions in Mexico, and the
\ financial question thoroughly ,saldthHt
he could not accounts for the alteration
Ifof mind ofthe person who would talk
! such nonsense. 1.-The declaration that
| an nations win go tothe goldstandard,"
said Mr. Stewart, DISQUALIFICATION that
they areprepared to gointo barbaristn
! tits estimated that there are "a, coo, 000,-
900 of silver coin still doing duty as
money. If all this silver coin lis to be
| discarded and the vacuum filled by
| gold, it will take many generations
before the amount of metallic money
of. the world will be equal to the gold
ana Silver now doing duty as money.
II would be rash estimate to suppose
that there could be S4,OOd,6O0, 900 Of
gold added to the present stock of gold
in's century to come, because it has
taken all the period since prehistoric
! time to accuhlate $4,000, OO0,0 600 Of
| GOLD aha $4,000, 900, 900 of silver. fall
nations discard silver and adopt the
I gold standard; Ihdmanity nGstwait fop
4 relief until tile siiverI'to be discarded
shall have been replac d by gold from
the mihes and enough additional added
to keep pace With population and bust,
E,,oss " - ~ y" "a u. q ~
4 ~ a:,g.HIr "7Y 81 ~ p
"Mr. Preston, it IS true, says that the
output, Of gold IS ipGreasiug. ), He, says
that the worlds product this year will
be s24O, O0o, 900 If this were true, and
we wish it were, it would not alter the
case. There never has been one year
in the worlds history when S?4O, 900, 900
of gold We're produced About sl6O, =
100000 was the maximum in thepalmy
days of California and Australia, and
the like Of which we shall probably
never see again, But suppose that $780,
100000 per anngm Of gold could be pro-
duced, more than half of that will be
consumed in the arts If a hundred
millions of new geld could go into
circulation it, would be, "a, condition,
unparalleled in the history Of the world,
and result entirely improbable Bnt
if p hundred millions q year could
be produced i would take forty
years to supply the place, of the silver
eaipnoY doing dpty, which the diraq-
t9f9 IF the ia mint 1T. sgaYyEi6taRe iFmediptqc
W aiscqrd 49,: 81 az nnBi ~ 'iInl ,'I
F'"he refers, to the KlPndilsA mines of
Alaska as a source ,frRm, W4ifh. this
enormous supply is about to lcomm
There may have been-twe. er--tbree
millions pr99pced in Alaska. but WHAT
even has BEEN, Of ,ean be producedfuo1m
that region will natbe a dpop in the
bucket compared with 1the demand if
silver > discarded If both silver and
gold are used the supply will notibe too
great The only danger is it would be
deficient. "a If fts the eight Thousand
millions of gold and silver now in ex-
istence there codlj be added two bnu-
bred millions Of new gold and silver
coin, the downward tendency Of prices,
would probably be checked, but there
would be no imitation. ..
:i"When Mr.. Preston says that Mexico
will fall into line he predicts the con-
jqnest Of MeGico more cruel and disas-
trous than ths conquest by phe naraud-1
ing Spaniards 400 years ago. Mexico Is
enjoying toda3Aa degree-of prosperity
iuever before known in her history. Her
,maIniuifacsuFih & esta blishheHes are in
creasi4g cv6ry day, her coffee; tobacco
andsugar. plan tati6us are Increasing
every, ! edrg 4 Her mines of &llt hetdlsI
gold, silSefI copbsf add iron, rnrelbeina
rapidly deSel6bedii ] Il is EMBARRASSING
FOR the MoxicaGs 10 biy improted pro-
ducts on account OF The differenes OF
Exchange, ana they are eddseqNeHtiS
compelled TODD their own work, end |
they. ARE doing It as'the condition}ot
her agricultural, manufacturing. aud
,,;ni,c, r,,rspits mist l4u{blJ, IVA FRA M A