People's Pilot, Volume 4, Number 7, Rensselaer, Jasper County, 3 August 1894 — A SILVER ISSUE. [ARTICLE]

A SILVER ISSUE.

Silver Is the Vital Question In Colorado Politics. The silver question is not only a live issue in Colorado politics, but it con- : tinues to be a Jive issue elsewhere. The rumored reopening of the India mints, after a year's experiment, shows that London is not rid of this unwelcome riddle. British consuls in China and Japan report vast inroads upon British trade in those countries by reason of the closing of the India mints. . The teeming millions of China and Japan—wiser in their day than intelligent America —are not parting with their silver. They are, on the other hand, adding largely to their stock. 1 During the present month the shipments of specie to Japan and China, 1 from San Francisco alone, reached | $1,395,000, and during the six months , ended .lune 30, $5,592,400 was shipped. I This is a new movement, one almost | entirely built up since the radical ac- ! tion of the British eouncil for India, which visited such swift destruction upon the billions invested in American farms, American railways and American industries. Between January 1 and June 14 of the present year the shipments of silver from London to the east reached $24,399,610, a gain of $737,495 over the corresponding period of 1893, when the four mints of India were coining as rapidly as the demands of trade required. The gain this year was not in shipments to India, but in direct shipments to China and Japan, countries which were formerly supplied with silver by their trade with India. That ' trade is now dead—killed by the selfish , money power of London—but the de--1 mand for silver has increased, and manI ufacturing for the Chinese and Japani ese market, carried on at a profit in ’ Manchester, India and New England under the free silver policy, is now provided for upon Chinese and Japanese soil. The wise men of London and the east did not recognize this result in their war upon silver, but the result is here, large enough and strong enough to propagate its kind, until one branch of trade after another will be forced to recognize it. Events of this nature make the silver issue a very live one.—Denver News.