The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-25


American statesmen will in time come to
see that II II was worth while to spend
blood and money In averting the establish
nent OF an antagonistic power at the 8 nth,
Il is not less worth while to bestow po-
|itical effort in aye,'iDg the establishment
of an antagonistic power to the North, and
that "the British Canadian is at least as
desirable citizen as the Southern white
Or negro" while British statesmen, on the
nther hand. will learn the hopeless1ess Of
their attempt to keep 5,00N000 North
americans out Of North America and attach
them to Europe"
Goodwin Smith admits that the union he
predicts lis not likely TO occur In his day.
but he will hear something unpleasant
from his Canadian nelghbors for sorting
that 1t Will come to pass at all.
From the Atlanta Constitution.
WHEAT AND SILvER.A correspond
emit, referring to the jubllant claims Of the
gold organs that because the prices Of
silver and wheat have temporarily parted
company. the main argument OF the BIZ
metallists Is destroyed. asks II this can be
true.
SO far from being true. 1t Is one OF the
silliest inventions OF tho gold organs
tiic blliVSt iOT Tue Itdsuu ltlul lHty piiAt
their fallacy In one column and oon-
elusive reply to 1t in another. For In
stance. 1t is possible to read in the same
Issue OF gold organ the statement that
the main argument OF the bimctallists Is
destroyed because wheat and silver have
parted company, and likewise. the state-
mont that, owing to tho failure of the
wheat crops In Argentina. India and the
European countries, this country Is called
IN etlppIv tlrc typrld'u fnr ha
cereal
NOW here. as our correspondent will see
In moment. Ia statement with a
crushing reply to II. India and Argentin
are both silver using countries the latter
experimenting silver with, paper cur
roncy that ls or Was u year ago. below
the silver par AS II happens, these silver
using nations are the only cines( except
the Unlted States) which raise wheat for
expert. the European countries consuming
all they make, and, In addition, the sur
Plus or the exporting nations. Consequent
ly. when American wheat is exported, the
only competitor 1t has Ian the foreign mar
ket Is the wheat grown In the silver using
countries This competing wheat is sold
nomnally for gold. but really for bullion
silver.
The process may be easily illustrated.
Let us suppose that Mexican farmer sells
a bushel OF wheat to an American merchant
Tor SO cents. He receives In payment there.
for gold or It's equivalent. Having no need
for this. no exchanges II at present rates
Tor two Mexican dollars, which will buy
us muoa In Mexico as two American dollars
VIII command in this country. He has,
therefore. sold his wheat for 81, while the
American Farmer can get only sc cents for
his. This transaction rs not an imaginary
one when the silver using countries make
large crops OF wheat,
nhis year these countries are not COM
poting with tho United States In the wheat
marvets. and consequently they are not
buying silver. The Inevitable result fol-
lows that silver declines and American
wheat rises in price. The fact that the
two commodities have parted company I'm
der existing conditions Is proof positive
thar they must come together when con
dltions are normal-thut Is to say, when
the surplus crops OF the silvor-using coun
tries enter the markets and bring the price
or wheat down to the silver level.
From the New York Journal.
AMERICA, EUROPE AND CUBA.-A,
tho time approaches for the Mckinley ad.
ministration to develop Its policy with re-
gard 10 Cuba, the subject becomes pro-
lihc OF rumors In the European press. The
latest story. which comes from Berlin 10
the London Graphic, is to tho effect that
our diplomatic representatives have been
sounding the various governments ID
which they are accredited for the purpose
OF finding out how far We could depend
upon their neutrality In the event OF Of
fensive action on our part against Spain
ana that they have met with no encour.
agement
VI course the fact that this yarn is de-
MED at the State department creates d
| presumption In It's favor, but its inherent
improbaotlity tustlfes US in giving the ad.
ministration the benefit OF the doubt
| There is no reason why We should sound
any european governments as 10 thei,
| views upon Cuban matters. The thing 1,
none OF their affair. 1t is a question OK.
eiusiveiy between us and Spain.
Ihat Europe understands Its own inter.
ests TOO well to intrude In this controvers,
| without our Invitation was sufficient,
demonstrated some months ago wher
SPAN received the cold shoulder in ever,
quarter In which she applied for assur.
ances OF assistance against the United
! States, They all understand that Euro
| pean interference In America would noe,
essariiy mean American interference IN
Europe. and they would let Spain sinh
| 10 the bottom OF the sea before they woulf
| expose the delicate mechanism Of ,h,
Europeau balance OF power to derange,
ment by such an incaiculable force a,
/ that '"
For us to consult foreign powers befor,
carrying out our Cuban policy would h,
10 invite needless humiliation. There /,
no common ground on which we can dis
onss tho question with European dlplo
macy. We DO not speak tho same Ian
guage. The motives that move us are IN
comprehensive 10 the foreign off,cc
abroad. The American peonie aemant
freedom and peace for Cuba la tho nam,
OF humanity. That Ia term that ,nean
nothing to the diplomats Of Europe. Thu
only consideration that appeals 10 then
Is that of self interest. especially az /,
financial sort. Whether In Armenia or /,
ThsSsaly, or In Cuba. the bloodshed IN,
suffering and the ruin are mere Incidents
unworthy the serious attention OF states
manship What diplomacy is really con
cerncd about Is TO sec that no action i
taken that might deprcss tho price a
bonds. II n also extrcmelv import n
TO preserve the nlcofies OF etiauette nm,
not 10 offend butchers and ravlshcr. n
calling their deeds nv their right names,
We have no place in this heart,ess game
we are not lifted to shine In Il. and for