Los Cerrillos rustler. (Cerrillos, N.M.) 188?-1891, 1891-04-24

AhEHAftFA
larger and surer. IL seems Co me quite i'm.
possible TO attain a largely increased market
for our staple farm products without i'm.
pairing our home market by opening the
manufacturing trades to a competition in
which foreign producers paying a lower
scale of wugcu would have the advantage.
4 policy that would reduce the number
Of our people engaged In mechanical
pursuits or diminish their ability to
purchase food products by reducing wages
cannot be helpful to those now engaged In
agriculture The farmers Insist that tho
prices Of farm products have been too low
below the point of intr living and fair profits
I think so too--but venture to remind them
that the plea they make involves the con.
ccsslon that things may be too cheap. A
coat may be- too cheap as well as corn. The
farmer who claims u good living and profits
for his work should concede the same to
every other man aud woman who tolls. I
look with great comfy oucc to the completion
OF further reciprocal trade arrangements,
especially with the Central and south Amer.
lean states, as furnishing new and large
markets for meats. hreadstuffs and an i'm
portaut limo OF manufactured products.
Persistent aud earnest efforts are also be.
Ing made. and n considerable measure OF
success has already been attained, to secure
the rcmoyal OF restrictions which we nave
regarded M unjust upon the admission and
use Of our meats and live cattle In some of
the European countries. look with conf.
dence to "A successful termination of tho
pending negotiations. because ! cannot but
assume that when the absolutely satisfactory
character OF the sanitary inspections now
provided by our law Il made known to these
foreign states they will promptly relax their
discriminating regulations. No effort and
none Of the powers vested In the executive
will be left unused to secure an end which Is
so desirable
Your deliberations will probably also en-
brace the consideration of the question of
volume and character Of our currency. 1t
viii not be possible and would not be appro-
PIRATE for me in this letter TO enter upon any
deliberate discussion of these questions.
One or two things ! will say; and first, I be-
lleye that every person who thoughtfully
considers the question viii agree with mo
upon n proposition which is tho base of all
my consideration of the currency question.
namely, that amy dollar, paper or coin, that
Is issued by the United states must be- made
and kept In its commercial uses as good as
any other dollar. SO long as paper money
issued or authorized by the United
states government is accepted in commcr.
cial use as the equivalent of the best coined
dollar that we issue, and so long ms every
dollar, whether silver or Rold, Is assured of
an equal value In commercial use. there need
be no fear as to an excess of money. The
more such money the better. But, on the
other hand. when any issue of paper or
coined dollars liz In buying and selling rated
az "A less value than other paper or coined
dollars, we have passed the limit of safe ex.
pertinent In finance. II we have dollars OF
differing values only the poorer Will circu-
late. The farmer and the laboror.' who ARE
not In hourly touch with the ticker or tho
telegraph. require above all other classes Of
our community a dollar OF full and stable
value. Fluctuations and dcpreciations are
always nj the first cost of these classes of our
community. The banker and the spcculator
anticipate discount and often profit by such
fluctuations. II Is very easy. under the I'm.
pulse OF excitement or the stress of money
strlngency, TO fall into the slough OF Il dcpre-
clated or lrredeemabie currency. 1t = "A very
painful and slow business to get out when
once In. I have always believed and do now
more than ever believe In bimotalism and
favor the fullest use of silver In connection
with our currency that is compatible with
the maintenance OF the parity Of the gold and
silver dollar In their commercial uses.
Nothing. In my Judgment. would 80
much rctard the restoration OF the free
use Of silver by the commercial nations OF
the world as legislation adopted by MS that
would result in placing this country upon q
basis OF silver monometalism. The legisla.
tibh uAbIAfl Wy ~ HEh NfHHibH VI lHt Il MY
first congress. ] was assured by leading adj
vocates of free coinage. representatives OF
the silver states. would promptly and per.
manently bring silver to 1873 per ounce and
keep Il there. That anticipation has not
been realized. Our larger use of silver ha,
apparently, and Tor reasons not yet agreed
upon, diminished the demand for silver in
China and India.
In view OF the fact that IL Is impossible In
this letter to elaborate, and that propositions
only can be stated, ! am aware that what
have said may be assailcd In points where
IL Ia easily defcnsible, but where have not
attempted to present the argument.
/ have not before. except In an Official way,
expressed myself on these subjects. but
feeling tho interest. dignity and Importance
of the assemblage In whose behalf you
speak, l have ventured without bigotry OF
opinion, without any assumption OF lnfaili-
billty, but Us an American citizen, having q
most earnest desire that every individual
and every public act of my lite shall conduos
90 the glory OF our country and the pros
perlty OF our people. to submit these views
tor your consideration.