The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-10-21

meSn' L point Oh equilibrium -
true aim of the statesman 9S
ment presuposes concession, oven
the tobacco growers of Pennsu, NoI
and Connecticut are bene6te5 I''a
protective tariff, while the or Q!
tobacco in Virginia and 9i'"S' d
Carolina are not. We NorA
more bright tobacco in this psCdOs
than we consume. We D9R
less of the kinds raised F''IOa
caster and adjoining counties N Ian
sylvania and in Connection en-
use, and yet the grower of bria au We
bacco receives more per ponE SI'I !"
acre than the grower of tba Pa
wrappers referred to. 'igt
l have said that the farmar -,
cotton would be benefited h. %Sl
trade, the rice and sugar prodn...!T ee
a protective tariff. The Isn%O y
used is merely a convenience and 9lss
not refer to a fnality. Wbetbs. wa y
farmer in either case would NJ
benefited more by the general vst,'
of all, than to be benefited dirsct1
the time of sale, is the great ono.!;' !
yet to be settled. That comnot;,;o
has much to do with price, will |.
once be conceded. If there vera
such thing as organized csni,.I
if trade unions were not trn.is
labor, I would be willing to conc.5.
the position taken by Hamilton n Nv
correct. Trusts N labor, ORGANIZES
unions, have reduced the nom. :.
labor and increased the pages MD
If a prohibitory tariff was epsetsj
and it was settled thai this noIi.r
would always obtain, no one donbt.,
but that factories would be bpit f.
supply our needs, and if it were MT
for trusts and comDines ordinary hnr
ness competition would regulate
prices. But tru 3ts and combines n
exist and will.
A prOh1bltOry OF even a high tariff
makes it possible for trusts to operss
more easily than if the tariff was low.
for with high tariff competition
limited to only one country and that
competition Is destroyed by trusts
and combines.
If a farmer raises more wheat than
his neighborhood consumes be will
sell his product to a dealer in bis Vi
cinity or ship to another and sell it
The wheat shipped comes on the mai.
ket with the wheat raised by Others
in different parts of his State or other
States, and also with wheat raised
abroad, if our country exports. The
demand abroad and the supply have
much to do with the prices obtained
If the worlds supply is 8uficint for
the usual demands, prices ought to
average well throughout the year:
less than usual, naturally prices would
be higher. Here another ng and
prominent factor is met. SUppa the
farmer used in this illustrationSG Y
1000 bushels Of wheat. The doasI
does not have to ask what be viii
take for it, for dealers in futures have
already sold it for him. If he ASKS
10 cents per bushel and the grade s
No. l and a dealer in futures sells
wheat for go cents per busneI 81
though he may never have handled
OF o@ned a real bushel ID bis life, yet
the farmer is forced to take just the
price the speculator has sid bis crop
for that day, if he sells
1t is to the ~interesj of spectators
to buy a low and sell as high as pos
sible. That they look well to '1sf
interest is shown by the fortunes
speedily accumulated. So that pro
tective tariff and competition ID
products are both subordinated 10 tllS
new power that controls them oO'H
1t was to meet these modern lnqu'
ties that the Sub Treasury OIL "00 '
signed, making the rent Of money y
low that the producer would nov y
at the mercy of combines. lin gvT
eminent warehouses, made OF s"%1
the crops by virtue Of being II =
tight re~ceptacles, would keep Is S W.
canned goods now keep gl'a'r]
danger of loss, and the farmer L y
ing | per cent on $500 received Y
1000 bushels of wheat ana SUI
hold it for a year, he would only . nSJ
So in interest, that is 8 Is per Ou1D q
whereas he now loses from ~
cents per bushel on his entire w
yearly.
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