The farmers' union. (Memphis, Mo.) 1891-1895, 1892-11-17
ABOUT FREE COINAGE.
DON'T BE SCARED THE" "DIS-
HONEST DOLLAR" CRY.
Give Us Free TO mage ami We Will Build
Up Such - Trade and ind Such IL Mar
ket rs Was Never known.
An :np0riant .Mbicct.


The whca. merchant in Europe buy
.ilver at 50 Gems per ounce and has It
coined into Indian rubies at S1.3S per
ounce. Thus yon see he gets 5;' Gems
more for his sivcr than he paid for it,
or, in other words. this merchants gets
J3 cents more Of wheat than the silver
cost Kim. Now. to illustrate this and
make il plain, VIC will say that wheat
IS worth o2 cents per bushel i'll India.
Nine, y-two cents is twothirds of 81 :'S,
the valne of his ounce Of silver after
being coined in o rupees. Now. after
he has brought lis bushcl of whea. for
81 cents, he has 46 cents left from his
$1.3S. THIS 46 cents will buy him
half bushel more of wheat. 50 he now
has one and half bushels Of wheat
that only cost him the original price of
one ounce of silver. which was 50
cents; or. in other words, this European
mercEan. has gotten in TIE trade one
and half bus els of wheat for 50
cents.
Now tell me. wheat growers, can
YOU raise and sell one anl half
bushels Of wheat for IS cents?
Tnis low price of silver has stimi1-
lated the growing ah1 exporting of
wheat from India to Europe until that
export has amounted during the past
wear to more than $4,000, 900 bushels.
Not bushel of this India wheat could
have brought to Europe if silver had
been worth is mint value of 81 2ot per
ounce.
You may ask why could not this In
lia wheat be shipped to Europe if sill
ver was worth 81. .29s per ounce. Here
is the reason. Silver at $1.29a per
ounce, its value under a free coinage
law of the United States, and its COIN
age value in India being Sl.39 per
ounce. there is only q difference of
II cents, which would no: pay the diff
ference i'll transportation as before
stated. His profits now on an ounce
of silver being 33 cents. more than
enough to bur 4 half bushel of wheat
even at 81 per bushel, and just so long
as a European merchant can buy silver
at 50 or 80 cents per ounce, American
wheat growers will not find Il profit
able European market for their wheat
until the India supply has been cx
haustcd. If a. t!.is time India was
raising wheat enough to supply the de-
mand our farmers could not sell a
bushel of wheat i'll the Eroi can market
except at starvation prices. The same
NAV be said Of our cotton raiser.
As TO an intcrna ional monetary svs-
tenn. l am opposed to that. / woald
rather that the United States had free
s 10, Il Ia .fan
of England, Germany. Austria and
Russia. If we had free coinage of sill
yer and the other nations we mention
cd had no. Mexico. Australia and
every other silver producing and silver
using ma ion on the earth would come
| here ana trade with Us. because they
could get more for their silver here
than they could get in Europe.
Let us have free coinage of silver in
depenlentlv of what the Euro, lcan ma
| tions say AMI we will build up such a
trade, and find such market, as was
never known for all our agr;cul-
tural and mechanical products with all
the silver producing and silver using
nations Of the world. Therefore. let
us have tree coinage of silver. The
on!. way for Us to get it is to vote for
no man who is not absolutely in favor
of tie free and unlimited coinage OF
silver.
There is great hue and cry about
dishonest dollar. To-day You have.
under the present Sherman Act, a dis
honest dollar. Suppose e man re-
ceives, We will say. 800 in silver for
| l., 1,l, I,e 1,ie Il
leaves it in his house: his house burns
down. After the fire he di<s around
in the ashes, only to find his silver
money has melted into bullion. Now
what can lie do with his bullion? Tn
der the present law he can sell it to
some other broker at the mark ct value
At the present price of silver sS2 cents
Ecr ounce he would only get 500 fol
his bullion. SO you can readily see
his loss would $32 of the 800 he had
Therefore, l say that the now existing
silver law makes the silver dollar {:
honest one. But how different this woul.
be if we had & free coinage law. Ioul
house might burn. melt your SiO0 into
bullion, you could thcn take youl
bullion to the United States min. ant
! get back your SlOO III new cCln. L:
this not plain enough? Under the free
coinage of silver, as it is with gold on
silver dollar would he worth Il dolla1
either in bullion or with the stamp o
our Government on ii. Why? Becaus,
the director of our mint would thel
give you dollar for 4l2l grains o
silver, which is now contained in ou
present dollar.
| Farmers and all other working peo
pie, don't You be scared by the none,
shark cry of dishonest dollar: Civ
us free coinage of silver and We vii
then have an honest collar, whcthe
it be in bullion or not. | def,
John Sherman or any other mar
to deny or dispute the truth of tn,
foregoing statement. Kansas Farmer
How Nations all,