The midland journal. (Rising Sun, Md.) 1885-1947, 1892-07-01

soning: "Europe has been selling our secu-
rites. Our exports of grain were paid for,
not in gold, but in bonds and stocks"
What better use could we put the grain to
than paying our debts. These "bonds and
stocks" are only debts held in Europe
against this country which are steadily
bleeding US by drawing dividends and in.
terest. A farmer had better sell his pro-
duce and pay his debts, and the same is true
of nation. This bank circular further
continues "The persistency of Mr.. Bland
and his friends has shaken the credit of the
country. Free coinage would put US at once
on a silver basis" Suppose it should, what
bug.a boo is here limited at but carefully
concealed? Ifforeigners wish 10 sell our
stocks and bonds for gold by all means let
them have the gold. II is worth no more in
our country than 100 cents to the dollar TO
purchase our goods, pay our debts and all
other transactions money is used in. Silver
dollars and U. S. legal tenders will purchase
and pay for just as much as gold. When
all the gold has been bought by these dread.
full gold hunting ogers, and all Of our inter.
est paying bonds and dividend paying stocks
haye been brought lack from Europe and
sold TO our own people for grain and cotton
and gold and products of various kinds
which we make 10 use and sell, aud our own
government has made all the gold and silver
presented at the mint into coin money and
congress has ordered the issue to the people
of legal tender bills till all the money has
been furnished that is required by the peo-
Pile 10 transact their business, and we keep
on year after year producing thousands of
millions of dollars worth Of the things the
people of all other nations want to buy or
trade for, how is our credit to be "strained !"
when all our debts are cancelled and
English and German bankers hold no more
interest drawing obligations? Then where
will the gold be found? 1t will be found
running back to this country to buy our
products in a steady stream. We want our
debts paid first which are held in foreign
countries. A farmer with mortgage sus-
pended over his farm is always losing his
money and the products Of his labor to
satisfy the hungry demands of the debt.
And as with the farmer so it is with the
nation. In place Of contracting the volume
of our money as this bank circular advises
by repeating the silver law of 1890 and pro-
viding nothing in its place to increase the
the money OF the country, the present law
should be replaced by free coinage law
Such a step would be in the direction OF
relief from debt. The course advised by
this circular Is step towards getting
deeper in debt and lower prices for every
thing. while the purchasing power of gold
and all interest and debts would steadily
rise. Every body ought to comprehend
that the less money an individual or nation
receives for the products which labor annu-
ally creates, the more difficult it becomes to
pay debts and interest. This is the reason
why the class who hold the debts use every
means in their power to prevent silver from
free coinage. And until laboring people
have sense enough TO believe their own class
and natural business friends in place of the
debt holding class and their natural bust
ness enemy, they will continue to be
squeezed as dry as lemon skins at picnic.
These debt holders and spectators and
their dupes are always dingdonging about
gold, A gold dollar will not purchase any
more in this conntry than any other dollar,
and this is all that concerns US. When il
wall, it will cease to circulate and would
not be missed.