People's Pilot, Volume 3, Number 3, Rensselaer, Jasper County, 7 July 1893 — EXPORTS OF SILVER. [ARTICLE]

EXPORTS OF SILVER.

VTfcere Is Ail the Silver That It Is Said Free (Vrinage Will Caused to Be Damped Upon During the year ended May 31, 1893, we exported 840,136,578 of silver and imported 828,764,542 of the same metal; excess of exports, 816,872,686. The imports mostly came from Mexico and the exports mainly went to Europe. The question arises why Europe should have taken this large amount of silver from us, if, as some people would make •us believe, all Europe is so anxious to dump her vast but imaginary hoards of unused silver upon this country. The truth is, as these figures provp, that there is no surplus of silver anywhere. The vast stores of that metal form part of the circulation of the different nations, and none of it can be spared. More is needed right along, as the figures we have quoted prove. Nearly every steamer takes out some of the white metal. It plainly follows that if silver were once more raised to a fixed legal value in the same way that the coinage value of gold is established by law, It would become stable at that value the world over.—Kansas City Journal.