The farmers' union. (Memphis, Mo.) 1891-1895, 1892-06-23
Silver Talk.

Heaven he praised! Benjamin IIar
risOn is the Republican nomincc'
NV let Democracy be equally rs
good and nominate Grover Cleveland
and what clear sailing the Peoples
party will have.
lIurrah for free silvcrl
Where are you going now, Senators
Teller, Jones, Walcott, ct al?
How genuine were youth your sleclar
ations ut the late silver convention?
Reader please study the following
little tid-hit from Senator Tcllers
speech deliver in the Senate, April
Goth, on the silver question.
Mn. GRAY. I ask the Senator whether tie
will explain what the mechanism of the pro-
Cess is by which the vtiatiOn of silver has
brought the large export of wheat from India
IN competition with the grain grown in the
United Stntes?
MIR. TELLER will explain that to the Sel,-
ator. and 1t is not difficult OF explanation. ]
will take rs an illustration the price Of silver
to he ~ cents an ounce. Iteosts to ship wheat
from Bombay, Calcutta, and other places in
India, to Great Britain just about twice what
ii costs us to ship 1t from New York 1t pas
SEES through II region of country hot and UNI
healthy even for wheat. and when 1t reaches
Great Britain it is not the best Of wheat, and
not as good is ours but 1t comes In cOmpeti-
| ton and Axes the price OF American wheat.
Now, let IFS see how it is done. The Indian
shipper can buy wheat for 81 20 IL bushel, aud
he can send it to Great Britain aud sell it tor
| ~ certs Il hIshci. gets M cents ana no more.
dia 10 Great Britain ami sells it. gets gold for
! it. He takes tie 10 cents and buys all ounce
and IL third OF ali ounce of silver. That costs
| Kim S...O. What docs he do with that silver!
He takes it back and puts it into rupees ut
| sl;se an ounce. He has got from 4l.s4 to 81 81
for his wheat. while the American wheat
| grower. owing to this beautiful system OF
fIancc OF ours. has got his % cents. He gets
Il little more than that. for wheat has been
| worth little more than ~ cents. [ Only Use
this us an illustration.
| Does the senator understand now how that
is done: II not. will explain further.
| Nix. GRAY. / should like TO have the Sena-
| tor explain further.
! Nix. TELLER. The senator does not see ii
! yet. Eet hiul take pencil and Il tablet: let
| him put down the price of wheat in Bombay
at i.!D let him ada to it t;c IL cents. the cost
ri transportation. and he hats got sl.3i That
! is what ii will cost WHEN il Ec,s to England
and lie realizes 81 81 or si.-:'. according tOthe
market price ut silver. for his wheat. Can the
Senator make the subtraction OF 81 80 ami Had
| u fair margin Tor th,. Indian exporter.
| Mix. GRAY. l do .iys want to interrupt the
Senator, but i'll hoth cases, both for tue i'asle
ot wheat shipped from this country and tint
! bdshei of wiieat shipped rom India the pro
dlccr is puid i'll London Or Liverpool in gold
i. ne not.
! Mix. TELLER. Certainly, and II the Aneri
en- wiicat-srowcr buys silver he triny> il
back here AM il is still at tAc same price il wa.
! when he go: ii IL Lon Ion. and it will moi bay
ANY more than his 80 cents W gold. But if thu
| Indian merchant takes il back to India it buy:
as much. ou.Ice ounce. whether il is i'll coli
or iii bullion. as it did thirty years ago. THAI
is, the purchasing power OF ln Dune" OF sive
i'll in':a flt5, ana il has cost him SO cents.
Nix. GRAY, viii ask the Senator whether
the 20 cents which the American grower get
for !ii- .hs,i il liverpool when ii co Nes lsit
here is not equivalent to 80 cents in sol:sr
M... T:!i.s.i.. Gert:iny Il is.
Nix. GRAY. Then, what RICH; has he to corn
plain:
MR. TELLER. MI President, nc j., 81 stupis
i'll this country he does not complain
lIaiightcrl The American whea1-@ro scr
! have sat by and ciappcd thei. hands tor both .
| these great political parties who have been
cutting their throa,s They viii conn i;.is
after IL while. But still the fact is, our pro
Queer huS for his b;lshei OF wheat y, cents IA,
| the Indian has for his Fl - 10 3i.s5 Liverl~,o
price, In silver.
In the yeur 1873 when silver was 'lcmone
tizcd. India for the first time -ert wheat l.
the nieratt. SIN sent then .h,0W bushels
This year, in elcvin months, ha. sen
:b.01tOJ bushels of wheat to compete witt
the wheat growers on American sol. At tn
tin" money wns dc.nolic' ize'' here H,'ssi: hi
never put into tlc sn.1ket OF the world mcr
than twenty-five or twcnty-ssx million hG>lioa
vi wheat. IN less Than six months now, wit
famine i'll one third OF her land. she h.;s ;,,,
iol.'sN,0p bGSilc of wheat i'll Europe.
India had never sent any wheat: She ne.r
could send aily.>Sheat whiic ninney was I. par
: Russia had nc:cr seat much wheat. 81,
laDered under disadvantages.
1fihese silver men see so c.ear!'
the enormous injury done to agric,,!
ture by the characterization Of silve
how can they justify !hemselve
before thesr constituents for support
ing a silver vetoing president?
Senator Teller may discover thi
fall that the American wheat grow:
is not SO stupid rs he used to ba;h
is complaining now.-Ncw Forum