Show THE miEADFUL RESUITS In an interview in the Chicago TimesHerald on the silver question Judge Lambert Tree among other statements made the following It would mean the disappearance from circulation of about 600000000 of gold and for the time being to that extent a contraction the currency cur-rency The absolute quantity of gold in the country can only be approximated but it is certain that no time has the amount in circulation been six hundred hun-dred milions nor anything approaching approach-ing such a figure It is doubtful if more than the half of it has ever been in actual circulation since the date of specie resumption But assuming for the sake of argument the correctness of Judge Trees figures his estimation estima-tion of the method by which its disappearance dis-appearance would be accomplished becomes be-comes in the highest degree improbable improba-ble if not absurd He asks the American Ameri-can to take 100 to Mexico where he will receive in exchange forit 5197 Mexican Mex-ican dollars and after referring to the inability as he sees It of the United States to maintain the equality of the I metals with the silver of the world dumped upon our mints he continues I Do they realize the 100000000 of sil er In the vaults of Germany the 500 000000 in the treasury of France accumulated ac-cumulated under the treaty of the Latin union the untold millions in India In-dia China Mexico and the South American Amer-ican states which those countries would eagerly seize the opportunity to I exchange for our gold at 16 to I with which they could buy more silver at the ratio of 23 to 1 and again exchange I ex-change at 16 to 17 Judge Tree strangely overlooks the fact that an organized conspiracy has existed during the two years past engaged en-gaged in exactly the sort of operation that he seems to fear will happen incase in-case silver were remonetized and that those operations have been so far successful as to compel the government govern-ment into two issues of bonds in order that it might obtain sufficient gold to meet its obligations with the alternative alterna-tive in prospect of still further adding to the bond issues or suspending specie payment The associated syndicates first Began to withdraw greenbacks from circulation and with them raid the treasury of an equivalent amount of gold and this was continually repeated I re-peated until the government was face to face with specie ankruptcy And I these syndicates practically hold control I con-trol of our gold currency and are keeping it out of circulation with the sole purpose to compel the government govern-ment to indefinitely extent its public debt I Relative to his absurd statement that the worlds silver would be dumped upon the United States he fails to I show what America will dump back upon the foreign countries in exchange for it 1C 100 in American money can purchase 197 in Mexican dollars or I French franc pieces does he imagine the American who owns gold will part with it for any less because the Mexican Mex-ican or Frenchman comes here to make the exchange If we have 600000000 in gold that would be absorbed in this way we would get nearly twelve hundred millions mil-lions for the gold item alone But this as he informs us is but a drop in the bucket as compared with the stores which Europe Asia and Arica to say nothing of South America and Australia Aus-tralia are waiting to dump upon our shores Of course it is not to be presumed pre-sumed that these cosmopolitan gentlemen gentle-men are only waiting the date of re monetization to actually make us a present of untold hundreds of millions or billions of silver while it is reasonably rea-sonably certain that however generous gener-ous they will at least ask us to allow al-low them to retain just a little for their own use But fcfter ithey have paid us two for one for our store of gold they are likely to ask us for considerable of our now useless wheat wool cotton iron fabrics textiles and I so on to an indefinite amount failing in which it is altogether likely that the dumping process will sudqenly cease It is more than probable also unless these cosmopolites are exceedingly simpleminded that they will actually tire of paying two for one in the pro ces of buying np Uncle Sams surplus property and after a while begin to higgle for a reduction and we may find ourselves reduced to that condi tion where we will be obliged to part With a bushel ofwheat for an even I dollar and a pound of wool for thirty cents Under such circumstances perhaps per-haps four or five milions of our population popu-lation would be induced to go to work and produce something in order that this combined effort of all the world to dump their silver on our shores shall not fail from any remissness on our part Of course such a thing as seeing our idle population busy is not contained in the formula of Judge Tree and his cult What they actually do fear however is so much prosperity and money in the country that they may no longer play at shuttlecock with the United States treasury and through it control the credits and property values val-ues of the whole nation |