SUPPLEMENT TO THE O'NEILL FRONTIER Thursday, September 24,1SS>«. BRYAN’S INDIA FAKE. His Repeated Assertions Concern ing India Wheat Proven False. , HON. JAMES BRYCE SPEAKS. Oenials by Members of the English Parliament and a Prominent London Merchant In tbe speech delivered by William Jennings Bryan to tbe farmers of New Xork assembled at Chautauqua, the In dia wheat fake waa revamped by the silver candidate for president. The as sertion made by Mr. Bryan in hia Omaha debate last May that the Eng lish speculators could drive great bar gains in buying silver and trading it for India wheat to the detriment of the American farmer was reiterated and embellished by his fervid imagination ao as to create tbe impression that the decline «rf stiver has made India the most formidable competitor of the American wheat and cotton growers. As usual, Mr. Bryan talked at random wlthont taking tbe trouble to acquaint himself with the actual facts. The Bee now has tbe facts and the figures that effectually explode Mr. Bryan’s India fake. Over two months ago the editor of the Bee directed a per sonal inquiry on this subject to Hon. James Bryce, who is now and has for many years been a member of Parlia ment and was a member of the British board of trade. Responding to this letter, under date of August 1, Mr. Bryce says: “You are aulte right in thinking that British merchants gain nothing at all from the dosing of the Indian mints. The sharp competition, especially of the Hindoo native merchants, cuts down their profits and they lose heavily on the exchange between India and Eng land in turning into English gold tbe Silver prices they receive for the goods they export to India. The export of food staffs from India has not, I gather, in creased during the last few years and the closing «f the mints has not increased It. Manchester and our manufacturers generally complain that business with India is unprofitable. Our cotton Indus try is at present greatly depressed. So * Britain at least gains nothing. You will, therefore, be safe in denying that there g** been, w k, any bonus or benefit to British merchants or manufacturers.” ThkJ«tter has been supplemented bj •le prepared bj Bret. Bryce with an articL r,IV,n Ills toother, i. Annan Bryce, a Ter prominent London merchant, who wa for many year* a resident of India. Mi J. Annan Bryce nays: “Per Mr. Rosewater*, guidance I hat made np the annexed statement, whlc ebews in parallel columns the exports c wheat from tbe United States, Arget tine, Russia and India np to 1878 lx fere the Rill in silver and rupee ei change became pronounced. You wl observe that while the exports from th United States, Russia and Argentine ar on the whole increasing, those from I* $*• aw falilng off, and that In the yea 1880 tbe exports from India were th name aa in the year 1877. Of conroe I does net do to reason on individual yean aa there may be special circumstance) each ea famines, to account for ver Short years. Kor instance, 1878 an! 1879 were the years of the great fan Inc In India and 1892 waa the year o the famine In Russia. Dividing the last twenty years into p« nods of five years each, you will see tha during the last three five-year periods th eximrts from India have been falling oil while those from the United States. At gent Inc and Russia have been increai Ing, although all the while rupee ex change has been steadily faliiug witl Oliver. The figures provo conclusivel! as regards Indian wheat, which ha always been the great bogy with th American silver man, that the India ex jort has had nothing to do with th rail of silver or rupee exchange. Th Oliver man would be more sensible If b were to take alarm at the growing ex 6>rts from Argentine and from Russia ut he could make nothing of the silve ■ argument here, for neither Russian n Argentine ^exchange defends on silve: — —— - uvuub wu mil v r —--conn trie* during the whole of th period embraced in my statement, lie for the basis of their currency and c coarse foreign exchange an inconrertlb] -f* currency and not either silrer « “Altogether the fact* Illustrate the Mandneas of Mr. Rosewater’s conclusion that the fall in prices of commodities Is one to more economical production and transport. In India, in Russia and in Argentine wheat exports became possi ble not because the exchange value of npee, the rouble or the dollar fell, but , because railways were built Into districts E*T 5»aly Jnacceesihle. In India the {melding of railway facilities stimulated She extension of irrigation. In the ronjah. for instance, many millions of •me were brought Into cultivation under Irrigation as soon as the opening of the *nJ!w*y *o Karachi made the export pos sible. But in India there no longer -- ••• S“W*» vuri c UU luusvr remains any large new field to be opened and in most of the wheat-producing districts which depend on Irrigation I believe as much water Is now taken out •* riJer* u ^ c»> give. Ameri ca therefore need not fear India much In the future, even if silver and rupee jjw* likely to go lower, which they are .The statistical exhibit accompanying this statement is exhaustive and con vrlncing in summit..of the conclusions ntrieed at by Mr Bryce. In 1873 the amort of wheat from the United States to England }vas 45,791,008 bushels; from Bussla, 47,040,000 bushels; Argentine made no exports and India exported a faction over 1,250.000 bushels. In 1877 Wheat exports from the Ur’.ted States had reached 107,420,606 bnshels; from «?2&V,.S7'i2 IV-****,, A » pm i was pairing through Iowa some month* ago, and I got an Idea from aomo hog*. [Laughter.] An tdoa la the moat Important thing that a peraon can get Into hi* head, and we gather onr ldeaa from *w ' *rjr-*%} WB* ■toBf1 not*e*d the,e ho«" rootln* l* * fleId- “n