| Show LABOR IS IN CHAINS FORCED TO COMPETE WITH THE ASIATIC PRODUCERS gofton frebon the gold standard prophet of london london paper that eviana eien woods keeda to the take carnine from Vs L moreton frewen writing in the london daily chronicle says your request reque for a short statement of the causes which have forced the silver question to the front in american politics Is not very eily easily met in writing for the daily chronicle I 1 should have wished to deal dead particularly wilh the labor aspects of the issue which burng dur ng the past tour four years has proved a liberal education to the american workingman the interest of labor in the biln fiher er question has blas been admirably summed up tip in the speech to his bis constituents in 1894 by the present speaker of the house of representatives mr reed of maine referring to the closing of the indian mints by the government of india and the great fall in the price of silver which followed mr reed said quotes quote speaker bel we have learned from that object lesson that the yellow man using white money holds at his mercy the industry of the white man using yellow money this now historic sentence crystallizes the position admirably the value of his silver coin tor for the chinese and japanese races in today as great as aa ever that is to say while silver has fallen one half in gold value yet its itis purchasing power at their homes Is no whit diminished the result is that the tall fall in the gold price ot of silver occasioned casio ned by the closing of the indian mints the repeal of the sherman act and those other excesses of class clam legislation intended in the stock phrase of the day to appreciate gold and enrich bankers and other money lenders is today creating in the tar far east a mushroom growth gro th of industrial enterprises in mine in field and in factory the exports of which oriental industries compete with products of white labor in the markets of europe and america on terms of great advantage because ol of the tall fall in the price of silver western labor hurt hart cheap silver in the east silver cheapened by western legislation in bolves cheap men and women in the west and not merely cheap men and women but great masses of men and women who ho can get no employment at all it is this which has now at I 1 last ast awakened the american nation and d an this awakening to the most imminent race danger which has ever confronted western nations can be relied upon ere many days to educate also captains of industry in great britain to the murderous industrial completion com petion fostered by cheap silver by silver dilver cheap because its historic money demand has been restricted or even abolished McKinie Ts def defeat at predicted the political forces behind silver appear to me to presage the defeat of major mckinley and his party of gold more than anything else free silver in america stands for agrarianism there are some farm voters in the united states a vast scattered host quite undisciplined difficult to combine and therefore impossible to buy 1 I can imagine no more serious financial catastrophe tor for english investors than to be lulled into a sense of false security by dally daily assurances of their new york correspondents that mr bryans candidature is hopeless Bone benefit fits of free suver BUTT free silver will st at once r hange change c rates between europe and au asia and also between europe and south america thereby greatly stimulating our export trade to four fifths of the inhabited world and will also at the same time secure expansion of the exports of the united states to europe for lack of this expansion and consequent favorable trade balance that great debtor nation la is today to day insolvent I 1 borrowing ite ita pay par with difficulty and at high rates atea and piling higher that debt burden which becomes more mom and more intolerable with each fresh fan fall of prices whatever the united states in rals rala ing the level of silver exchanges accomplishes comp lishes tor for her own benefit she accomplishes comp lishes equally for every white farmer and white working rn everywhere TM coat of housing wheat after t v tl er p tr p in tr ww t |
