The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-04-05
BANKER AND FARMER.
The Farmer Has Been Going to the A1li-
ance School and Knows that
National Banks are
Legal Wrong.

|GSa4 SbLOuS'
National Banker ito farmer)-Look
here, John, what do you mean by this
free coinage OF silver9 Don't you know
| that it would be to your Disadvantage
Don't you know that it will make a
cheap money and theman that is owing
you can pay you with it7
Farmer Well, yes, but this cheap
money will pay his debt, won't it3
Banker-Why, yes, certainly.
Farmer-Then it will pay my debt
to you, won't it9
Banker of course.
Farmer-If it is cheaper, I can get
more dollars for a load of wheat,
can't I?
Banker-Yes of course, but you
Farmer-WelI, if this is so, I can get
more money for the same amount of
labor, and thus be able to pay more of
my debts with the same amount of
labor. Isn't that so9
Banker-Yes but don't you see that
it is going to make our bonds payable
in silver or gold, instead of gold alone,
and this will depreciate the value of
the bonds, and thus work great in
jury to us capitalists9 In fact 1t would
be robbery!
Farmer-Did not these bonds used to
be payable in silver and gold9
Banker-Yy y e-s; they-they did be-
fore silver was demOnetized.
Farmer-After silver was demon
etized they increased in value, didn't
they?
Banker-Yes, they were then payable
in gold.
Farmer-How much did it increase
them?
Banker-O, perhaps 25 per cent. and
now don't you see how wrong it would
be to steal our values away from the
bonds by this tomfoolery about silver?
Farmer-What was the reason for
the demonetizing of silver?
Banker you see we bankers,
that is capi-or, oh, the spectators.
wanted-that is we-Or, rather they
understood er the fact of the
business is really never knew what it
was done for.
Farmer-WeIl,. when it was done it
made dear money, didn't it?
Ban ker--Yes, -er-that is, yes, I pre-
sumo it did.
Farmer-Well, if it made dear
money, didn't it depreciate the value
of my wheat and corn, and thus depre
ciate my labor?
see you could b-b buy more with the
dollar?
Farmer-Yes, old boss, but here's
whar' I've got ye. Hain't got ter git
UP a heap earlier in TIE morning, and
plow and hoe, and drag and SOW, and
dig and scrape a darned sight harder
and longer to get that ar dollar than I
do for the cheap one? And when I get
nv old deW-claW on to it. b'pOSh 7
find it won't pay only about half as
many debts as the cheap one. You see
we hayseeds have tulmbled onto your
little scheme. We have found some
mighty funny things in this ERE same
silver question. We notice one thing:
You old big, fat, well dressed fellows
can't give us any reason why silver was
demonetized. We kinder hitch onter
another snap: That when silver was
demonetized it increased the value of
your bonds about $500, 900, 900. While
it increased the value of all the nation
al securities in proportion, it decreased
my ability to pay my debts just one
half, and, of course, as pay my debts
by my labor on my farm and value my
farm by what it brings me, it decreased
in value in proportion. Mr.. Banker,
your scheme of demonetization stole
81, 500 out of the value of my S., 900
farm. You don't Cal who was robbed
on our side of the fence, did you9 And
you and your kind have been lying to
and deceiving us critters and keeping
us blinded to cur own interests for fif-
teen years. But you can't do it any
longer. Good day, sir.-Tbe Leader,
Belmont, ~ Y.