People's Pilot, Volume 6, Number 4, Rensselaer, Jasper County, 16 July 1896 — Hello! What’s This? [ARTICLE]

Hello! What’s This?

New York Special: The exports of silver from this country to Europe up to last. Saturday amounted to about $20,000,000, as against $13,000,000 in the same time last year. The increase represents silver shipped to Paris foi coinage into Russian roubles. The requirements for this purpose are understood to have been practically filled for the time being. Silver is quoted at 68*4 bid, an advance of 14 per cent from last week’s final price. The above is a dispatch that appeared in all the daily papers of May 26. It seems to knock the story aboqt this country being made the “dumping ground for the silver of the world’’ effectively in the head, as we produce only, about $60,000,000 of silver in a year and exnorting $20,000,000 in less than five months will not leave us a “flood” of the white metal.—National Advance.