The Courier. (Genoa, Nev.) 1899-1904, 1902-08-08

Statesi and territories to the east of
her. These are the people who will
raise the products that go to the Orient
and will consume the products that
come from the Orient, of which prod
ucts, comingfand going, San Francisco
will make. the. exchanges. There can
be no great expansion of San Francisco
trade without the expansion of her
trade in the adjoining States and Ter
ritories. Nevada's decline contributed
much to San Francisco's depression.
Her growth will mean to San Fran
cisco more than a hundred Philippines.
1--WE have spent over three hundred
million dollars. in the Philippines in
the past four years and our trade has
amounted in that time to less than
twenty million. Assuming that ten
per cent of this is. profit, we have re-
'ceived a profit in trade of 81, 000,000
and have expended $500, 100000. As a
business proposition this does not look
we'll, and it will never look better if
the present policy is pursued. Then,
as a matter of prestige and sentiment
we have gained nothing. There is no
glory in sending thousands of big
Americans 5000 miles over the sea to
kill a lot of little brown men who are
afflicted with the same mad desire for
sx1H fhof In, ~ .,.san1
people in the revolution.
II can understand why the expan-
sion sentiment should be stronger here
than elsewhere" continued Mr.. New
lands, ''for San Francisco has been
prominently the beneficiary of this
war, as large portion of the supplies
were brought here. This, coming at
the end of long period of depression,
naturally turned the tide. But / sub
NIT that in the long run San Francisco
win gain more from policy of peace
in the Orient than from a policy of
war. The Democratic contention is
that we should not withdraw imme-
diately from the Philippines, but that
we should give them the assurance
that in ten years, during which time a
stable system of selfgovernment could
be gradually organized, we would
withdraw. During this time trade
would take the place of war and we
would tie these people to us by the
bonds of mutual trade advantage in
stead of driving them into every form
of hatred and retaliation by attempted
conquest and subjugation. What we
want is the friendship of the Orient;
not its hostility. A few naval and
coaling stations will be much more SER
viceable to us as part of the machinery
of commerce than the subjugation of a
country eager to pursue it's own line of
national life.n
THE MONEY QUESTION.
Speaking of the money question,Mr.
Newlands said:
"The action of the Republican party
on the money question was character
istic. We have always insisted that
after they succeeded in stopping the
coinage of silver they would start in to
dispense with the existing stock. This
they proposed to do by the Hill bill,
which was passed in the House by the
Republicans and opposed by the Dem
ocrats, which is now pending in the
Senate. Under existing conditions we
have about $500, 100000 of silver, rep
resented by silver certificates and in
general circulation. They form one
third of our metallic money, and are
indispensable to the transaction of
business. These certificates are backed
by full legal tender of silver dollars in
the treasury. The bill which passed
the house gives the Secretary of the
Treasury the power to melt up all
these silver dollars, thus retiring the
certificates, and recon the dollars into
small confinement pieces, quarters
and half dollars-which will not be a
itAAA ACSdA ON1OCI anu vi WHICH OILY d
small amount is needed If this is
done we will then have cry that this
silver can be put to no use, and then
the proposition will be to sell it, like
old junk, as bullion, thus further de-
pressing the silver market and pro-
dueing at the same time contraction
of our volume of money"
ON ORGANIZED LABOR.
On the question of organized labor
Mr.. Newlands said:
81 believe that the organization of
the laborers of the country in unions
and declarations is doing much to turn
the labor of the country, on which all
wealth is based, to proper compre-
hension of a rational, system of gov
eminent. In the meetings of these
unions and declarations, and in their
newspapers and periodicals., all ques-
tions relating to social science, the