The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-07-19
WY HOLD WHEAT?


as his figures are largely quoted. 1t Is
evident that the writer grasped the stu
!, alton and foreshadowed one of the lines
} on which the farmer could act in self
) defence. That such policy would be
practical and could be carried out seems
reasonable. The number Of reasons why
such a combination should be and could
be carried out would fill this editorial
page, but we find only now and then a
writer or statistician who seems equal to
the subject. Let US name some OF the
reasons why the attempt should be made:
An advance of % cents per bushel on
500, 000,0 900 bushels (present crop of
wheat would be S125, 200, 900. This
amount of additional money added to
the present values in the hands of the
farmers in one year would not only re-
lieve them Of immediate debts but place
them IN position to increase their abll-
ity to add to the wealth Of the United
States. The crops in Europe and Asia
are partial failures, and with reason
able efforts $50, coo, 900 bushels Of our
! incoming crop Of wheat could be sold for
export at S1.25 per bushel net in
this county, amounting to S312,-
000, 900, making difference In
the balance of trade il favor of the
United States, compared with last year
of over $3.50. 0,000 or nearly three
times as much as the gold we have ex-
ported in the past twelve months, re-
! lieving our banks and enabling them TO
help legitimate business, stopping the
contraction that is bringing widespread
ruin by making money too valuable at
the expense Of labor, enterprise and the
intrinsic worth of every article of COM
MERGE or production. The free circula-
ton of $3.50, 1000 dollars more coin
would be a basis of wealth equal to at
least 81 600, 900, 900 in one years business.
Who could calculate the effect and won
derful change this amount of true capt.
tai would cause in the commerce, manu-
featuring and laboring interests of this
county, particularly if the policy of
holding back could be continued and ez
tend cd to all other productions? There
is no good reason why wheat should be
worth less S1.25, corn 60 cents and oats
80 cents, cotton 81 cents, hogs 5 cents
gross, flour $500 per barrel and day
labor S1.75, with plenty of money TO
move the crops and products. Labor
would become scarcer and higher but
what consumer would object to paying
more for his living if he received
% per cent more wages and
steady reliable employment. We
want no starvation wages or mig
gardly economy in this country. 1t
destroys all pride and ambition. Would
themselves if higher prices could be
obtained for the products of the United
States, particularly if the additional
amount of money earned should reach
the producers and laborers in place of
filling the pockets of the bear specu-
lator, who first depresses values until
he gets possession of the crops, and
then puts up prices on the consumers
(Which he will do this season., at home
and in Europe, thus robbing both pro-
Queer and consumer. and worse vet, his
course restricts production and con-
sumption and prevents the United States
from having the benefit of the additional
amount ofIcash that would flow in in ex-
change for our wheat, flour, corn, pork,
meats and cotton.
Do not think that the idea of holding |
back the crops is impracticable on &C
count of the poverty and lack Of union
amcng the producers and laborers. Be- |
fore we had bears and short sellers of |
wheat and other products the farmers |
used to send their products into market |
only as they needed money, and take
three or four months in dis
posing of their crops; the re-
suit was the average prices |
obtained made them money and they |
prospered. The same policy now to a
moderate extent would still pay better.
The home consumers are here and in
every market there are foreign buyers.
By holding back enough to prevent gluts
buyers would have more confidence in
values and be ready to take in the pro-
ducts at all times and at full prices
But, says one, would not the bears or
short sellers of products ahead, who fig
ure on the stocks in sight or on the
farms, the poverty of the owners,
of dealers and bankers, counter
act these good results by combining not
only in depressing values but hoard up
their own money and all they could
borrow from the banks and make cash
so scarce that no one would be able 10
purchase or sell their bills of exchage?
Well yes, unless the great mass of the
people and their legislators take hold of
this pestiferous class and teach them the
lesson that this is civilized and chris
tan nation and that the laws of God and
man shall not be violated with IMMUNITY.
Tax them out of existence by passing
the Butterworth option bill or some
thing better and stronger. If that is not
strong enough, alter the laws so that it
would be felony to sell what you did not
own and empower the individual owners
Of property to sue and obtain Judgment
against the sellers for the amount he or
they may lose by any decline in the
market value Of his property caused by
sales of non owners.
-----@-
AN ALLIANCE JUDGE.
PETER and Jeremiah Simpson W ere not
he only rOhOdias NvboII- ,,,o,oI;ro5 &c