The farmers' union. (Memphis, Mo.) 1891-1895, 1891-10-08
From Whence the Opposition?

From whence comes this opposition
to an expansion of the volume of
money? From men iu Wall street and
from the corporations running great
daily newspapers in which these men
in Wall street own controlling
interests. The men in Wall street are
agents of the great capitalists in Lom-
bard street, London, who buy all the
surplus food products of the world.
These men in Lombard street own our
farm mortgages, our bank, railroad,
telegraph, mining and manufacturing
stocks, and they desire that the
interest and dividends upon these in
vestments, running into the hundreds
of millions every year, shall be paid in
cheap corn, cheap wheat, cheap pork
and cheap beef. So they put their
agents in Wall street "on." Then the
newspapers begin their piping against
silver coinage, against the sub-treasury
plan, the land loan scheme. The
entire conspiracy emenates from the
holders of the worlds securities and
its constant purpose is to buy the
labor and products of the world for as
low figure as possible. This can be
done by the use of contracted volume
of money. The London Jews found
this out several years IN advance of
the farmers and have been taking ad-
vantage of their knowledge for nearly
two hundred years. We escaped their
rapacity during the war, Temporarily,
but as soon as the war was over they
began planning for the control Of our
finances, which they easily accom-
plished by the most villainous pieces
of legislation ever placed ugon the
statutes of our civilized nation. The
only question which now confronts the
producer of this country is this: Will
you pay your debts to the Jews in
Lombard street with 81 pork, S6 beef,
so cent corn, and 81 wheat, or will
you pay them in So pork, $3.50 beef,
Is cent corn, and 80 cent wheat? That
is the only question there is to be
settled. That is always the question
every year and always will be the
question so long as these foreign
bankers have investments in this
country. and certainly SO long as they
continue to own q controlling interest,
as at present in all our
great banking, transportation and
manufacturing enterprises. The pic
ture is perfectly plain. The common
est man ought to be able to see it. A
narrow and constantly narrowing vol
ume of money based on gold which is
controlled entirely by few men in
London is bound to give the farmers
of this country low prices for their
produce. By the adoption of the sub-
treasury plan farmers would not be
compelled to sell the crops just when
the buyers get ready to buy. The ac-
tive volume of money would be in
creased and with it the price of all
produce would take rise. But the
face value of stocks, bonds and mort
cages owned by the foreign bankers
could not go up. They would not 1s
made higher to compare with the rise
in the value of the produce in which
they are paid. The result would be
that instead Of paying our obligations
in a large quantities of the fruits of
our toll we would be able to pay them
in a small amount. OF course the rest
would be ours. And that would re. =
resent the profit of our earnings. OF
course if the farmer desires to contrib
ute the lions share of all he raises on
his farm to the owners of American
railroad, bank and manufacturing
stocks and American farm mortgages
he wants to keep right on believing
what is told him in the corporation
newspapers, vote the straight republi-
can or democratic ticket and seal his
eyes and open his pocket forever. If
the farmer is not silly ass he can be
made to see the difference between
giving all to pay his debts and giving
only what Is just and right that he
should give. Will he see it? We
think he must and will.-Nationai
Economist.