The Lamar register., 1900-03-28


1885 determined the political complex
ion of the United States Senate for a
long series of years, and put the none
tary standard of this nation out OF the
domain of political agitation for an
equal length of time. upsetting as the
tariff question Is to every business
calculation based upon n term Of years,
ii Is a small matter US compared with
uncertainty as to the money standard
which is the very basis Of all COM
mercial reckoning. one Of the first
effects of the settlement OF the stand
ard has been TO set loose for invest,
ment enormous sums OF money which
were locked up In the banks and the
result is that Democratic predictions
have again been faIsified by an actual
increase in the circulation per capita
in the United States. Upon this poInt
Congressman Smith testified as fol-
lows:
The predictions OF our Opponents
were that the gold standard agitation
would Interfere with commerce. that
the Dineley law would huild II fence
around our country. and when we let
no one in We would b. unable TO sell
anyone. \ strange coincidence It Is.
that while our commerce reaches the
enormous figure OF two billion dollars,
our monetary circulation. aud tonight
while am speaking to you. the circu-
49,
touched and passed the two billion dol
lar mark. Instead OF the per capita
circulation being S23 per capita. as St
was in 1925 and 1885. IL Is over S2s per
capita, and over sixty per cent OF the
lncrsase Is in what9-not In worthless
money that our opponents would have
put upon the country, but IN gold coin,
recognized the world over a. the true
measure OF value. do not believe any
Journal. however depravcsl, can distort
these figures taken frum the actuary
OF the treasury OF the Unitcd States The
day that left Washington"
There are doubtless other reasons
The increase OF gold production. n
number Of years Of successive good
crops In the United States. the earnest
and Intelligent efforts Of the American
diplomatic service in the promots0n %
foreign trade. the victories OF the span
ish wBr. the succc-sful Efforts In the
line of reciprocl;y. aud others have all
contributed 10 the result HUT ia. two
first mentioned. the restoration Of 5
protective tarin and the PLACING of the
monetary standard beyond the rrach
OF the nsftnturs are OF themselves sufii
Client TO produer the results. I, Is not
surprising that the United States
should nnd Itself independent for the
frst time lu It's history OF foreign capt
tai with money enough TO undertake
all legitimate enterprises and even with
a surplus ayAilable for investment In
foreign undertakings or European gov
ernmenJ loans. That this Is 30 IS proven
by the Ss5.Ds.GOau loan r,-ceutiy made
by New York capitalists TO Russia on.
especially interesting feature Of this Is
the fact that much OF the money Is TO
be expended in the United States for
the purchase OF coal agricultural na-
chinery, railway ears and rails. and
other products Of labor which are 10
be sent TO Russia. 100000 being
placed in ST. Louis for the purchase OF
cars. another million dollars In Chi
eago for agricultural implements. and
still more in Pennsylvania for railway
engines and materials, thus beneiiting
labor in the United States as well as
capital. In addition 90 this actual loan.
ii is asserted that United States finan-
ciers offered to take the entire loan
which the British government recently
put upon the market
The financial independence Is one Of
the Accomplishments Of the Republican
party, victory of common sense and
sound business Judgment. victory for
the American tariff and d re!scy OF
conservatism and steadlness In the
financial affairs Of the nation. Repub-
lscan methods produced the condition
and II will continue so long as the af-
fairs of the government are directed
along similar lines.--Coiorado Springs
Gazette.