The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-01-12

ana q low CIVILIZATION. Railroads and
telegraph have brought the people into
close cOmmuniOn-is quickening every
faculty Of the mind and as the mind is
developed, the wants increase in the
Same ratio. To supply these wants we
must have a full volume of money
that Is stable in volume aud will give
uniform values subject to change of
demand supply. The precious metals
as q medium of exchange is as unstable
and as uncertain as the winds The
domestic money of the future will be
full legal tender United States notes
ISSUED III sufficient quantity to do the
business Of this country on a cash
basis Had we had this system we
would not have had any pan cs caused
by the export of specie. Our specie
would have been in gold and silver
bricks. The taking of this bullion 0dt
Of the country would not have brought
panic; neither would it have effected
priceS,-brCugh5 ruin and distress In
fact this system would have acted like
the seven hundred and fifty million
dollars issued by France er the Ger
man war, vice stimulated production
| OF wealth. The surplus we would have
sold to other nations and then have
had a steady influx Of gold and silver
Having no use for this, but i'll the arts
we would have exchanged this bullion
for the products of other countries.
Freed from panic8 our business men
would greatly increase and COusump
tion also. Our wealth would greatly
expand. Our people would have the
necessaries and Injuries Of life. The
demand III the arts for the precious
metals would soon double and treble
and consume the products of our
mines. 1t would not effect the vaIue
of bullion unless some great stores Of
the preci Dus metal are discovered
Other things being equal, the OlUme
of money determines prices. This
being a fact, this nation will never be
satisfied until we have a stable volume
of money and as specie is subject to
export and import. There can be no
stable volume Of money with specie
entering into our domestic money
This being true, there Is nothing Ger
! t4iu than III the near future the money
| tranSaCtlng the business of the COun-
try will be cOmpOs@d exclusively of
fuil legal tender United States notes.
This country must come TO this. We
| must cut loose from all that ties us to
th3 money devil of Europe We must
tlOU D0 jlSu W Gllt utCtN iIlS IIlDiltICillcdI
governments of Europe that are des
tined in the near future to pass through
the throes Of revolution that i'll i'm
pOverlsh the people and end in the
establishment of republics. AS long as
we are tied to specie we will be made
to suffer with the king aristOcrqcy and
priest ridden countries Of Europe. We
are happily situated. The nation
nearest sef-SusJaining is the most indie
pendent. As a nation we can produce
u greater variety and will have to
impOr5 less than any other nation to
supply our wants. What we have we
will not have to buy. Everything we
can produce in sufficient quantity to
do us we will reserve to American
labor, whether it be on the farm or in
the factory we will have free trade
AT home. We will not permit any
class to practice aXtOrtiOn Every in
duetry shall have the privilege of fixing
reasonable prices on the products Of
their labor Corporation will oe made
the servants of the people. Being the
nearest self sustaining, we wilt have to
| buy less Of other nations to supply our
wants. This will dump the precious
metals of the world into our lap for
Us to exchange for what we want
Having no use for the precious metals
as q medium of exchange, and being
nearer self sustaining than any other
nation, and a steady influx of precious
metals, we will be able to command the
situation. All countries using gold and
! silver Of exchange must bid for our
surplus gold and silver to coin into a
| circulating medium The country
giving us the most Of their products Of
| labor will get 1t. AS nation we will
! bear the same rel to others that
! the money power bears 10 our indus
| tries, We can compel them to pay
! tribute to us We can squeeze more of
the necessaries and luxuries of life into
! gold and silver bullion. We will not
need the gold and silver flowing into
| the country. They must have it as
! long as they use thei precious metals as
| a medium of exchange
The iInpOveTiShment resulting from
! this specie system of Europe will create
discomfort among the masses, a5 the
same system has created discomfort
among the farmers and industrial class.
1t will lead to organization, disIniOn
of economical question as is going on
in this country now among the wealth
| producers,
This will bring about revolution,
| OverthrOwing the mOnarchies and
titled aristocracy, and the establish
nent Of a financial system free from
! specie. It Is a fact, q nation learns
faster great economical truths under
oppression that when prosperous It
was oppression that led to the French
revolution and ended in the establish
ment of the republic. It was oppres
sion that precipitated our revolution
and ended in a republic. It is oppres
sion that is forcing the farmers and
| laborers to combine, and il will end in
their industrial freedom European
nations must learn as we have learned.
They must suffer ere they will break
! the chains that holds them in slavery.