The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-10-12
PROSPERITY AND SILVER
Asvsmees made IN Japan ASA wextes
On Past Fiye Wears radsr the
silver standard.


Every silver standard country In the
world, whether situated upon this side
nf the waters or the other, whether
north or south Of the equator. and
whether IL has high or low tnrtn,
Ia to-day and has been for ,hr past FIVE
years. compared 10 lis former rondi-
ton. enjoying marvellous degree of
prosperity. By this statement I am not
saying that the MrNiean r. equal to the
American, aud mus. say that the man
who usrs the statement; "Do you
want 10 MexirRnize America - does not
know the meaning or import Of an ar
gunent We could With equal pro-
pricty say: 'Do you want 10 TurkeSihe
American For Turkey has the gold
standard. aud am willing 10 contrast
the civilization Of Mexico at any time
with that Of Turkey. and J am willing
sny European nation. I might further
shy: do you want 10 Egypiianize
American For Ekypi has the gold
standard. do YOU want the civilization
Of the Portuguese? For they have the
gold standard. The truth is that there
src many things that determine the
civilization Of a nation. the most inn
portant Of any being climate; and |
apprehcnd that there Is no danger Of
bringing the climate Of MrNiro to the
United States. hut these silver stand
ard nations, compared 10 their former
sondiiion Of five year, past, are mar
veluusly advanced. In the last five
wears the exports Of Mexico have in
creased more than 50 per cent. The
number Of manufacture Ia Japan and
Mexico have more than doubled, and
the railroad building In every silver
standard country has been Increasing
enormously. while In the gold standard
countries. instead az an Increase Of
manufactures. there has been. during
these five years. n Ah,riiing down md
closing Of them 90 an extent unknown
before In the history OF the nation.
{ Is true that on account Of the famine
IN India. the shortage OF crops IN Eu-
rope. and the war between she United
States and Spain there has. in the last
y months, been nm upward tendency
In the price of some commodities but
when conditions again become normal
the same low prices must again pre-
vail. Thcze silver standard countries,
by reason Of the increase In their com
merve aud manufacture. are in need
more and more of q greater circulai-
.ug medium. and consequently II be-
comes pertinent Ia inquire whether
nations having such need for increase
~ money ran easily yield up amy guam
tity 81 money they have now Tor the
purpose ~ bringing II 10 nur minis for
coinage into American dollars. when
We look into the monetary statistict
Of those countries. we are struck W,:h
the fact that they have entirely tnn
small circulating medium for their
own use 10 be- able a. part with any ~
ihciT money. McNicn has o circulating
medium oi hut SAL per capita, Japan
but Si.np per capita, the Central Amer
lean states bu, $I.5s per capita, AMI
China bui S2.ns per capita. while We IN
the United States have n circulation, nc.
tordiug 20 the statement Of the secrc.
,ary of the treasury. of S2I per capita.
aud France has q circulating medium
uf nearly $40 for each inhabitaut Is
II possible that those silver standard
countries with shortage Of circulai.
ing medium now would he willing 10
part with that circulating medium in
order TO flood the United States with
silver? Why. II Mexico should send all
Of her silver here. IL would be but a
bagatellr The total circulating me.
dium Of McNico la 1905 was hut $50. 600.
900. and that il only about onc-four.
tcenth part Of the demand caused los
the withdrawal Of the $500, 600 COO ut
gold. Some people talk 0f this flood
ms II II would be disastrous 10 the ma.
ton should it occur. No nation was
ever injured hy It, people having an
abundance ~ the precious metals and
instead OF being u detrimcnt II would
produce the greatest era Of prosperity
In the history Of this country. Some
people think that as soou rs a foreigner
brought silver TO the United States
mint and had II coined that there would
he some American with gold chasing
him. In order to get him to exchange
the silver for gold dollar. | appre- |
bend that the American people are in.
telligent and that they are not going |
To exchange gold for silver dollar |
unless II is to their advantage To do so.
When n foreigner brings his silver to |
our mint and has u coined into dollars, |
what is he going to do with his money! |
II p. Ehnfruth