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Show A GAME CF ELUFF. It s.ems to us ii,at the European nations are trying to piny a game of bh'.ff wjth the Americans when they say that the failure of the Brussels congress to take action on the currency quts'.ion will make no great difference to them. They are trying to make it appear that they rire only obliging the Americans by discussing the matter, while the L'ni'ed States are in such a bad condition that it is necessary for the capitalists of Europe to lend them a helping hand. The fact is, Europe has reached a poiut where action is necessary. The poor people peo-ple are driven to desperation and are demanding a change. Their currency is gradually contracting, bringing its usual consequences business failures, dull times and suffering. While the United States can live through it, the thrones of the old world are tottering and a collapse is liable to occur at any time; wh'ile we have a county ci -rrniiniiteiJTesourccSj'thlTFresouVuCc have been developed long ago; while we are independent of the whole world, they must depend on others for their daily breid. When they state that as we have the silver mines and would be benefited bene-fited by silver coinage, they forget that .we have the gold mines also. That but for the vast amount of gold annually going from America to Europe it would be impossible for them to establish their muno-metalkt muno-metalkt schemes, to say nothing of sustaining them. We must conclude con-clude that they are entirely ignorant ignor-ant of political economy or are wdfally trying to mislead, so that they may be the gainers. Europe Eu-rope has some of the finest fiiurn-ciers fiiurn-ciers in the world, hence we conclude con-clude they are bluffing. But leaving the question a3 to their condition, our own country is suffering at 'present under a contraction con-traction of currency. A recent report re-port of the seoreUry gavev the amount ef currency as a little over $24 each to the population of the United States, It takes at least ten times this amount of expenditure expend-iture every year, so that tha currency cur-rency must be kept traveling at a rapid gait to do the work necessarv for it to perform. A few countries have less than this much, but the United Slates requiies more of a circulating medium than' almost any other nation. Wages and prices are both higher, the country is larger, and other conditions could be mentioned to prove that a larger circulating medium 13 necessary. neces-sary. If lids Country Ink' s the lead In the matter, others wi'.i 1 e compelled t.) follow suit. Ti.ty c:n 1.0 morv afford to do without, our silver than they can withoot our wheat and if a market is provided trt home for the article, tliev will bo glad enough to come to terms. When tire United Sta es does move, they must do it in such a maimer that failure will be impossible. They mu;t place siler 011 its naturtl basis no half way measures will do. We are suffering now under attempts to doctor the matter There is no danger of inflation for years, and long before that time other nations wiil be compelled to surrender their notions ot the gold standard, and the United States will be the benefactor of the race in money, as it has been in other ways. |
