People's Pilot, Volume 4, Number 46, Rensselaer, Jasper County, 9 May 1895 — Asia and Free Silver. [ARTICLE]

Asia and Free Silver.

In view of the prospect of increased . commercial activity in Japan and the opening of China to international trade, the argument advanced by Senator Teller in dealing with one phrase of the silver question is of peculiar interest. Senator Teller's opinion is that in the gold-standard countries, the price of exports from such countries to silverstandard countries must either fall in the country of their production or rise in the country to which they are sent. He thus believes that the adherence to gold as the standard of money value would decrease exportation here and stimulate production in the silver countries, where, as in the orient, labor is cheap. Senator Teller’s theory that with cheaper silver »nd cheap labor the Asiatics would rapidly become the world's manufacturers presents an interesting phase of the case. Right or wrong, it will have to be taken into consideration in estimating the changed conditions in the orient and the awakening of China. Before his prophecy could come to pass there would have to be a revolutionary alteration in the life of Asia, but that some remarkable changes are presently to be witnessed on that continent there is no doubting. The conditions over there would be worth attentive study if for no other reason than that two ancient silver countries may be on the eve of entering into the activities of civilization.