OCR Text |
Show A GREAT OPPORTUNITY. Something ought to come out of the petition peti-tion of China and Mexico to the United States to join with them to try to give a fixed value to silver. Right there this country has an opportunity to make an arrangement which will enable American ships to dominate the trade of the Pacific, which will give her manufacturers man-ufacturers and merchants first place in all the Orient and Spanish America. Our government govern-ment has but to make an agreement that pure silver bars shall hold a certain ratio to gold in trade, that the future coinage of silver shall be on that same ratio and then, on such terms as shall be just, loan or sell to China all the silver she wants, taking the pay for the same in the rice, sugar, wool, tea and other products of China. China would quickly absorb all the product ,( of both the American and .Mexican. purines and the trade with the Orient would be transformed trans-formed in five years, for at present China is so destitute of money that all her working and creative forces are paralyzed. Such an arrangement would, within a year, cause every country of Europe either to clamor cla-mor for a new international conference or to quietly accept the same ratio and adjust their business to it. It required thirty years to kill silver as money; that arrangement would practically restore it in' a day, and the result would cause the commercial world to see, instantly, in-stantly, how shameful was the war upon the white metal and how fearful were the losses sustained through that warfare. Goodwin's Weekly. |