Hutchinson gazette., 1899-01-19


asks;
"It Ia not true that the money paid
for merchandise exported comes di-
rectly 70 tie manufacturer or the pro-
ducer, and being paid out by him goes
into circulation by our people without
being measnrcd or reported by the
treasury Department." nv
II would not be possible for this TO
be true unless tho exporter went with
his goods and brought home gold and
silver In his pocketsi not very proba'
BILE occurrence II exported merchah'
disc is sold In a foreign country and
gold and silver received for II and re-
turned TO this couutry,,i ~ will show In
tho treasury reports as an import Of
gold and silver as certainly as any 9TH
er commodity will show MS merchan-
disc.
Exported merchandise sold in for
eign country Is often paid for by bills
OF exchange, sent homo possibly'in the
mail. The treasury department Of
course takes no account OF this, be-
cause bill OF exchange adds nothing
to the wealth Of country. 1t brings
nothing Into the country II is simply
an order from somebody outside for
somebody inside TO transfer property
that is already In the country. 1t is
an order for some bunk that is here 10
pay the exporter for his products sent
abroad. II the drawer OF the order
has nothing here with which to pny,
he win have to send It, 1ae must send
II In either merchandise gold or silver
II will then appear as IN import upon
the books OF the treasury department
This same writer asks another ques-
tlon;
80 fur MS money reports Of the
treasury go, do they not refer only to
the money belonging to the treasury?'
Most certainly not, AS stated the so.
called "money reports OF the treasury"
are the reports OF exports and imports
OF gold and silver not rs money, but as
commodities Aside from this, how
ever, IL is not the property OF the gov.
ernment any more than the merchan-
disc exported and imported is govern.
ment property.
The tremendous force Of the awful
showing made by the figures of the
treasury reports is fully appreciated
by the part of the gold standard advo-
Gates who really don't know anything
about the subject. They know full
we'll that It is the direct result OF the
falling prices Of merchandise and the
increased purchasing power OF dollars
that has brought this condition Of
things about In their complete ina
bility to make an answer they coin
lie to meet 1t. They know that the
balance shown by the tables as an ex.
cess of exports over imports repre-
sents an expectation Of our wealth for
which we have received nothing They
have lately set up the claim that this
great sum stands to our credit in for.
eign countries and pretend to believe
that 1t ia balance in our favor, from
which we can draw when we desire,
This lie, manufactured for the purpose
Of deception, is the foundation for the
claim that we are now creditor ma.
tion, claim which no man that is not
either n lSnave or fool will make.
l am glad to nave received such COM
ments and inquiries, They are sug-
yestive and instructive, II in any
thing am mistaken in either my facts
or my conclusions, | certainly desire
to be corrected, and will thank any
body who will correct me, No right
man can possibly have any
interest in being deceived or in de-
ceiving himself What We all desire
Or ought to desire is to know what are
the exact facts and thon be able to
draw correct conclusions from them
Flavins J. Van Vorhis, in Omaha Non
con formist
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