Also I am trying to suggest and demonstrate that cotton. cotton planters. and the South may be aided and helped by a wider use of silver. However. no solution of the present problems will ever be reached until it Is realized that since 1929 a transformation scene as complete as any in a theatrical pantomime has taken place. The past rapid advance in prosperity was due to. first. the great and continuous growth of population. largely. from immigration. which greatly increased home consumption of goods. and. second. the dependence of the more forward countries on the United States for a large part of their supplies. As you know. both these influences are ended. and it is to the loss of this growing home custom and of the foreign custom that our huge unemployment is due. aggravated still more by the displacement of hand power in industry due to machinery. If. therefore. the position prior to 1929 is to be -restored. it can only be by substituting for the lost custom of the forward countries the custom of the backward countries. and you know this can only be done through silversilver monetized. not simply raised in price. But the importance of thus providing a great increase in foreign custom is by no means the only consideration which makes the monetization of silver a matter literally of life and death for the people of the United States. This to put an end to the rapidly growing menace of Asiatic and South American competition. which can only be done by greatly raising the costs of production in these countries by the monetization of silver at a high ratio. As the representative of one of the greatest cottongrowing States. I cannot but be alive to the ruin facing Oklahoma and the South. which means their depopulation in the very near future.
Keywords matched
Asiatic immigration