The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1892-03-19
JI'e 4leopIt:' 4 oI'''''''
The Silver Question.

| Philadet Ihla Lettyc". also quot atoms from
the New York TribU9e in yrur last issue,
endeavoriug to show the farmers and Eahors
ing classes how free cainage uf silver vii
be detrimental 10 rhs''r interests. We read
in many OF our leadii papers articles If
| similar nature, said UeHSp prT- controlled
by pitaiists art rOlIuclfns We see in
these eftarts in said papers what the farmer
and lahorers should avoid, As honest couu
sci and advice, for said classes are luvhEl,.-
bly, advocates of single standard Of money
IA gold basis. b-mCne'lZ"t silver and
greennackS retired and cou'r action for the
masses Now while these classes have
been absorbing and our professional cl $3.50
have been theorlzlug, the laboriug classes,
farmers, &c, have been studying aud
Thinking. Working long honrs in most
cases for "A mere pttarCe, consequently
they have become somewhat educated an!
more learned as 10 what Is necessary 10 be
done to turn she THE OF prosperity into
truer channels than it runs in at the present
| time.
Now We read in your Ledger articles that
| under free coinage OF silver the government
will have to pay to the owners OF silver
| bullion 100 cents for the same amount II
| silver it can now buy for 40 cents Hardly
possible when the 81 grains Of silver
dollar will be given out Well ndmit il.
Then according to the Lcdgcr the people -
| the goveI nu.eHt-wCuid lose 80 cents on
the dollar admit this for argument or
| about SIS, O0U, 600 on the coinage OF the tota
output of silver. Would not Que year end
the speculation as far ~ the SpeCul ttor Is
concerned and consequently he end Of
| speculation in that line
Now what is Lhr farmers side of HE
question. Silver bullion worth 10 r"nts on
the dollar or 90 cents an ounce. II Is that
| England buys our bullion worth % cents
here or 90 cents an ounce and co;ns it. into
| l.. I1..
| or 39la cents an ounce more than i'll thus
country, and as Liverpool vets the price on
| our wheat, cotton, etc, she can buy these
| products that much che iper, minus the
| difference in cost of transport alton between
| the two countries, India aud here, showing
| conclusiveiy that silver worth 20 cents on
| the dollar, instead OF 100 cents as before
1873, is one of the principal reasons why HE
farmers require free coin g. or more cIrcus:
| latiOn of money
| The most conservative estimate made for
| the present year is that the farmers viii
| loose $500, 500, 600 by foreign countries using
| our 80 cents an ounce = tvrr bullion, or Tor
the last eightesn years not less than
| So 600, 600 900; add TO This amount the loss
in interest and the higher value of our
products if Eaglaud had not used our silver
| to open eastern III lTkets and the total would
| he app lliing. This statement Is strlc'Iy II
| accord mrh Secretary RUsk's report Tor
| 1890, page s He says thu recent egls anon
| looking to the reStor alton OF the timetable
| standard of our currency and the csn.e
| quent enhancement of the value of silver,
| has uTquestionably had much To do IN the
| recent advance III care ais. The me ciu-a
| has advanced the price OF wheat in Russia
and India, and in the sane degree reduced
the price OF competition Gag AUST u.s. E1
glish gold was formerly exchanged for che,p
silver and the wheat purchased with the
nl,a f.,4 4
| gold Much OF this adv~ug :" is lost hY the
! appreciation of silver in those countries. l.
| is reasonable TO expect much higher prices
| for wheat than has heeu received fDr4H"ars,
and | will add that much higher prices
! were received before silver fell of To 80
cents an ounce the lowest | believe ever
| known, caused by the free coin tge bill aot
| becoming law.
The Ledqer further inquiries why the
| government should pay more than ths
| market price for any commodity, whe'h
| wheat, iron, silver, gold, flour, etc. Ths
| farmers are asking why tie government
| should have selected the products of the
mines (silver) any more than whear, iron,
| cotton or gold to depreclita They are all
| products of labor, silver mining probably
being the least profitable, Is the old saving is
| ''it takes gold mine 10 ran a silver mine
| The farmers nave found ont BY the act III
| demoueriZ alton the free coinage Of silver
| ceased in 1878. WY have they se,gc'ed
/ silver, which the people prefer . gold, 10
! depreciate? Silver is tbs money In sight
the world over. The silver dollar has never
varied from 371ia grains pure silver since
| 1892 when first coined, worth 100 cents,
| while gold aud ali other coins have been
| changed repeatedly.
Viewing this question silver bullion
worth before 1878 1271? cents an ounce,
what right had the government to change Il
. han. f,a Il Of
| wheat, corn, or my other product? If il
| can establish the price OF silver it can take
| our wheat worth 81 20 1T 20 ceuts a bushel,
grind 1t into ii Iur, and sci. to the people the
| -four AT 81 90, Then say to the farmers we
| have robbed you OF 80 cen 3 on the hushel To
help the people, The same as w.l- done with
| the product OF the mines when that product
| was pre-cr bed AMI the 20 cent 10 II wIt
| introduced. The condition OF d-monetiZt
| ton, oppression and contraction was in the
| interest Of the bankers of Europe and this
| country; also the bOudhJIdrrs II is called
the bankers conspiracy. This condi'iou
| added to the funding OF the Greenhack
| actually wiped out the farming interest as
| a profitable industry, and changed the
farmers condition (quotiug Sc w. )
| Mccullough in 1860 from prosperity and
clear of Indebtedness to the present cnndi
| tion OF debt, mort cages ami adversely.
| The Ledgers debased doIlar-wlU Is re
spousiule fer it? Dld the people request III
| Did the producers ask II? Can there he
| found Congressman who viii admit lii II
| he knowingly voted to demouetze silver,
| except Senator Sherman
The Ledger in referring to the Bland free
| coinage bIlt, Iuters that our government
| will be compelled TO pay l29 cents an ounce
and will England. TnIs is the reason
that England would never join other coun
! tries to remuuetize silver. She would lose
millions by the operation, for az long she
can buy our silver 1T 20 cents on the dollar
| or 90 cents an ounce our wheat, cotton,
| etc, will hardly be worth Using. and the
price of our wheat, cotton, etc, will he
established in Liverpool at exactly what
| wheat, cotton, etc minus thd difference in
transportation, can be purchased in London
| with our 80 cents an ounce bullion or our
| 20 cent dollar.
| A Retrospective view of the situation
reveals two interested classes: The pro
| ducers' borrowers and the ron producers
mouOpOist, capitalist and iOaueT. l. Is
safe to assume that at no period in the
| history of our country were these Two
| classes divided.
The producers, the farmers, have taken
| Il decided stand tor more circulation of
| money. Not for free coinage Of silver
| because it Is silver or for gold tn Al 1t l.
! gold, bat because sufficient CIrcul itirn by
| tree coinage or other wise Will add to tarlr
materi i pTUspr. lily, deprive En- gland Il The
| benefit OF our cheap silver 10 Use .gaiH~t Us,
and to enhance tie prIce Of our products 10
| IA paying condition.
| The non producer capitalists oppose any
| cond ZION that wi detrACt from the profits
| of capital investei in mortgages, Uttered
| stocks, speculative con- iierttIous, etc. THIS
| class comp0scs among the number the
| Boards of Trades, the bankers, de .ler7 Ia
| options, money loluers, etc This class are
| looking for profitable Investments co9su
| queutly the producers owing to scarcity
| OF money are subjected 10 unreasonable and
unfair eX IctiuuS by said classes.
| Farmers, there are rerv papers outajd- II
| the Alliance or agricultural p ,prrS adv0ya
| ting your interests The Nv York TrtjURe
ownei it is claimed by Jay Gould, cDrsr-
| quently subsidized in the interest Of watered
stocks and Eastern capitalists, who fear tor
| their iuti lted substance Is only one amcug
| the many daily papers that oppose a liberal
| circulation of money to the people.
| The producers of the country arc simply
| minor considerations with these subsidized
| interests, What they demand is always in
| OppOsl lion to what labor requires. Farmers
| what is best take advice from your friends
or your enemies. IL remains with you to
| decide. +. MOVES.
Mr.. BalderstOn Defends the Pro
hibItIon Party Against Mr..
Ewing's Attacks.
| En- CErTT NurG.