Mississippi leader. (Jackson, Miss.) 1892-1895, 1892-08-11
NO. 81.
why Cleveland is Opposed.

why SlcNSAttiu II OppOstus
Because Cleveland is opposed to
free coinage of silver is ono reason
why the Peoples party'oppese him for
President of the United States.
Because he is opposed to our de-
mands is why the Farmers Alliance
and Industrial Union oppose him.
Yop ask me what good does the free
coinage of silver do us cotton raisers
of the South.
answer, in 1873 when silver was
demoDetized il sold in the market for
$l.00 to $1.05 per ounce in its raw or
I bullion state. It now sells fer CIT to
| 20 cents per ounce. If the coinage
were. made free all the silver bullion,
| not only of the United States, but of
the world would be worth 100 cents
| per ounce.
India did not. compete with us the
| production of cotton until after the
demonstration in 1873. Whyf Be-
cause in every respect the advantage
was with us. Onrs was of a stronger
and longer fibre. Our preparations for
handling it i'll every stage of prepa-
ration for market was superior. Our
shipping facilities cheaper. Insurance
cheaper and freights cheaper. Indeed,
we were enabled to place cotton in
Liverpool at about one-third the cost
of the Indian exports.
With silver demonetized, here the
Indian shipper could sell his cotton in
Liverpool at less than the American
sold his in gold (for gold is the basis
Of values in England). He 1.-THE India
man) could then buy American silver
at 671 cents per ounce and take it
home and coin it into rupees, and it
would be worth cent for cent with
gold there. In this barter the Indian
gets about 49, cents for his cotton
while the American gets only about
Ct cents, average for a better grade of
product. Thus the American cotton
producer is placed in competition with
another that could not eompete.unless
the condition of affairs was as 1t is.
Last year India produced 80 millions
of dollars worth of cotton which she
sold in Liverpool, besides which she
sold in China and Japan home manu-
facturers of cotton goods as much as
25 or 80 millions of dollars worth, by
which she cnt off these markets from
us.
That the capitalists of Europe
knew that this would be the result of
the demonetization of silver in this
the greatest silver producing country
in the world, by double, we may well
assure ourselves. Aud that the terri
BILE and exhaustive results have not
caused it's RECOMMENDATION can only be
accounted for by assuming that our
Congress and Executive have been IN
timidated by the fear of offending
Wall street which is only the tool of
capitalists of Europe. You may thus
see that the South has been robbed of
from 120 to 152 millions of dollars
annually by the system of demonetiza-
tion of silver and that the silver pro-
ducing States have lost 80 cents on
the dollars worth of their product by
the same system.
That Mr.. Cleveland is in sympathy
or is the tool of Wall street we have
every evidence needed to assure us
And also that Wall street is the hand
of the Jew Bankers of Europe, needs
no argument from NE.
1t is well known and has been re-
peatedly asserted by the most promi-
nent public speakers of both political
parties, and it has not been refuted
that Mr.. Cleveland does sympathizt
with the Bankers of Wall street. His
letters and speeches have given us to
understand that such is the case, ani
he makes no secret of his opposition
to the demands of the people for {
reform in the financial matters of the
country. And the making of a plat
form at Chicago by the so-called Dem
ocratic convention to suit Mr.. Cleve-
lands ideas, simply because the said
so-called imagined that Mr.. Cleveland
would have the aid of Wall street to
secure his election, ought to assure the
people that he is their enemy and that
he would readily cut their throats to
benefit the Jew Bankers of Europe.
If silver be remonetized our silver
mines would receive 100Fcents per
ounce for their output, and the mar
ket would be closed against specu-
lation by which the cotton producers
of the South lose 80 per cent on their
products i'm the markets of the world.
There would be a double standard OF
valuation ensured, and our people be
restored to the same degree of pros
perity that existed sswhen cotton was
worth 12s cents per pound.
If that be not a sufficient reason for
our opposition to the Cleveland ticket,
then there need be no reason for any
thing. E. FLEMING.