The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-03-29
ONE HUNDRED DOLLARS RE-
WARD FOR AN ANSWER.
The Republican Financial Policy and
Democratic Tariff Policy Death to
Our Farmers--C1imb on Top,
but Don't Kick Others
Down.

DuN SOA
Down.
Mn EDToR:-The price of our wheat,
cotton and all the surplus cereals of
fhe farmers are fixed in Liverpool,
ENGLAND. and not in the United States.
England's great wealth has been &C
cumulated by buying the "a materials
of other countries cheap, manufacture
ing them and re-selling to these coun-
tries at three hundred to n thousand
per cent. Her policy has been to buy
the fox skin for a penny and sell the
tail back for a shilling.
New England pursued the same
policy to a limited extent with a pal
ance of the United States, and grew
rich. England has accumulated great
wealth. Ia this way all nations have
Maid tribute to her. She has manutac-
trred and sold more than she expended
in buying, and the gold of the world
flowed into her lap. She has become
the money loaner of the world. Nearly
every nation pays tribute to her. She
holds the evidences. of Indebtedness
that commands the gold of the world.
Interest in gold is pouring into her lap
and the civilized nations r bidding
for it. The United States contributes
one hundred and thirty five millions in
interest on what she owes British sub
jects in gold, food or raw material.
Nearly every nation of the earth
contributes to her wealth In the same
ratio. So situated she commands the
finance of the world. She has the evil
dences that commands the gold of the
world. All nations are tied to the
monetary system that cOmpells them
to have gold must bid for her gold.
The nations that will give the most of
their produce get it. She is in a position
of a bear, and a fix prices on all she
needs for her consumption. She car
fix prices or all the exports of Il e civil
lied world.
Every nation must compete for Eng
lish gold. The cotton planters of the
South selling their cotton, mus com
pete with the paupered labor of India
and Egypt, where labor can be had for
10 to - cents per day. Our wheat
raisers must compete with India and
Russia, where labor can be had in the
@aaryest field for ~ to % cents per day.
In the last twenty five years nearly all
the debts. public and private, have
been made payable in gold, and the
debts of the world have have been
nearly doubled. This has doubled the
demand for gold and increased its pur-
chasing power one hundred per cent.
While the demand for English gold has
been doubled the supply has decreased.
The billions of evidences of debts held
by British subjects hasdoubled in value
in twenty-five years. 1t takes twice
the amount of cotton and wheat to pay
the interest on the debt it did in 1865.
England, holding the evidences of in
d~ebtedness Of other nations command
ing the gold of the world, she compelIs
every nation to pay her price in raw
material or food for her gold. So,
situated, she can fix a price on all our
exports. The farmers are in debt and
unable to hold until Egypt and India
has disposed of their surplus cotton
and England has consumed it, so thew
must sell at the price fixed by England.
If they could hold until English fac
tories had consumed the surplus cotton
of India and Egypt, they could COM
mand their price. The farmers are in
debted and unable to hold, SO England
can fix a price on the farmers corn,
cotton, wheat, which is taken to pay
interest on our debts. The American
farmer must compete with the ignorant
labor Of India, Egypt and Russia, who
neither read or write, neither have
they any taste for the arts and refine
ments of civilized nations, and who
live worse than the slaves did in ante
bellum times. Under this state of
affairs, is it any wonder the prices of
all the farmers products are on the de-
cline2 No civilized nation can advance
In refinemeI t and compete with cooIy
labor that can live on three cents Der
day.
The money devil of England saws
wheat Is worth n dollar per bushel at |
Liverpool, and this fixes the price of |
wheat all over the world. The money
devil says cotton is worth eight cents
per pound at Liverpool, and this fixes
the price all over the civilized world |
If the shipping facilities are the same
In the United States, Egypt and India.
the price in each will be the same
Deer labor must compete with CHEAP
labor. The highly civilized must COM
pete with the barb lrian. The civilized
whose wants are great, must compete
with the ignorant and undeveloped
whose wants r small. Our cotton
planters must sell their cotton to Emo
land Tor the same price received bv
the ignorant and filthy Egvptian
There can be no Improvement in DIR
condltlon, financially, as long a. orr
people must submit to this COMPOSITION
AS long az present conditions exist We
Will go from bad to worse. The evi.
dences of debts held by English svndi-
Gates are a~ccumulative and incre9sine
at an accelerated ratio. AS thew iH99
crease our ability to meet them are de-
creas1ng at the same ratio. The farm
ers have ~arrivedSat the stage where
they cannot raise crops only at a loss
This means bankruptcy. We mist
overthrow thiscondition or sell cbeaner
all around. This means a reduction in
the price OF labor, manufactured
articles; and this means we mnst No.
nor Of the products of our labor fcJr
English gold and to pay interest on ~