The Florida agriculturist. [volume] (DeLand, Fla.) 1878-1911, 1890-07-23

currency and increase of interest it requires no
financier to understand how milliOnaires were
made and the land plasteled over with mort
cages, and can only answer the balance of his
article in general way. 1t is an automatic fact
that the value of oil wealth of the land is in
act ratio with the volume of currency in circula-
ton, so that in fact if it were reduced to $40
gold piece the holder of it could (if the people
would submit to the law as they do now buy the
whole country at tax or sheriff's sale. Thus
through the contraction OF the volume of money
all other values fall and as money becomes scar
GER it's purchasing value increases, also interest
for it's in greater ratio. Mr.. Hastings
states truly that manufacturers selling
goods at less than half what they cost them
twenty years ago. Certainly, because labor re-
ceives only half wages and canIonly pay the farm
half price for his products. We now have
dear money and cheap goods, when we need, par
adoxical it may appear, cheap money and
dear goods, or it's equivaent-low rent low taxes
and low interest. To illustrate: AS money de-
creased in volume SO did the value of the farmers
products, until if he had q mortgage of 800 on
his farm it become in fact 5000; and if he paid $40
per year interest on it this became actually 500
because the man he paid it to could buy as much
of the products of his farm with the $40 as he
previously could with 500. SO, too, his taxes be-
came doubled whilst the capitalists dollar more
than doubled in value. The fact that the farmer
can also buy cheap goods does not benefit him rea-
lively. This is where the shoe pinches," and
neither whiskey, sophstry or improved agricult-
ural implements have anything to do with the
matter, for the latter only be used on large
estates, either worked by serfs or by co-operators
which?
am well aware Of the fact that the old barba-
rians, according to biblical teachings ground the
toilers into slavery, as I also know that finally
slave and master were involved in common ruin
Have no better sense?
l here assert without fear of successful contra
diction in reply to Mr.. Hastings that no industry
no economy in reason, no foresight care or intel
ligence could have prevented theindustrial classes
being involved in such dire distress as the coming
census will show, if the truth is told for it has
been the direct, inevitable and calculated result Of
one of the most outrageous crimes ever commit
ted on Gods earth by man against humanity !
Il mean the financial legislation of our country
since the civil war; AS things are. ursury in the
multiple form, draws the products of labor into
the hands of non-producers; and the monopoliz-
ers of money only dole out to the toling millions
the necessary medium or tool of exchange at an
ever increasing raUe OF uSa nce GnuS lnCh by lnch
eating out the very vitals of the land.
Hence it is that all small Industries are being
crushed out and large corporations and monop-
olies ride rough shod over human rights
AS to remedies can be applied until the
people understand the causes There is no such
thing as law of supply and demand in these
United States if there everwas We produce less
than 3 per cent of material wealth per annum
how can afford to pay 6, 8, 10 or even "a per
cent usury to capital without the mass getting
poorer? I think the producers had better study
little of that ocult science called finance, around
which, such a glamour is thrown. Learn the true
nature and uses OF money and read the interest
table backwards occasionally.
AS to the two political parties it is only a
q question of spoils, and the partition between
them is exceedingly thin. The average American
has but little to be proud of; he is but tax, in
terest and dividend paying machine. 1t is true he
has vote; but. as the Dutchman said, "He yust
votes dot way"