The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-09-13
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hope you viii all remember forever.
that the demand for money il equal to
to the sum of the demand for ali other
things. Applause Let me repeat
that. The demand for money il equal
TO the sum OF the demand for all other
things.
Let me illustrate. You want a coat.
Do you 20 and make a. demand on the
clothier frstl No; you make the de
mand for money first and so pay for
the coat, If you want food do you 60
20 the restaurant or hotel and demand
ito No; you first raise the money. In
founding a great charity you first de-
mand the money. We have 80, ZOO, UUU
more people for less money than we
had at the close of the war. Cantyou
see that increases the compe6lCloh,
when you decrease the money n
crease the number of people demand
inc the money? You make the com
petition sharp, you drive money into
retreat and make it valuable and hard
to obtain. The industrial people of
this country and the conservative
business men who stand between the
industrial people and the manufacturer,
have learned that we need moremoney
because our population has increased,
and they have resolved on various ways
of getting il.
GODS PRECIOUS STORES
The first experiment they propose to
try is this They know that God away
back in the councils of eternity created
the precious metals, hid them away
and put q time lock on the safe, and
that just as our brave boys were
marching back from the battlefield
with the laurel on their brow, with an
honored flag and a reunited country,
just about that time the Almighty
rolled back the great safe door and re-
vealed to the astonished gaze of the
awakened energies of the American
people the deposits of precious metals,
and they could see the white streak OF
silver running from the base of the
mountain to the summit. Applause
Tt was an invitation to the energies of
the American people to go into these
mountains and found a new civiliza-
ton and take out the precious metals.
just about the time you began to
open up these great mines of silver
your Congress, dominated by the old
parties, God save the mark, your Con
gress stealthily, without having asked
permission to do it from their own
masters, the American people, struck
down one half the metal money of this
country, money that had been good
from the time of Abraham or Or, of
the Chaldees, down to the timeof Abra-
ham Lincoln, of illinois [applause],
struck down the silver stealthily, in
the dark, at the behest of the governor
and directors of the Bank of England,
/ for a valuable consideration. Tap
plause
Two or three years elapsed before
the American people knew the crime
had been committed. Your President
signed it without realizing the effect
of the measure, and from that day to
this there has been a rising battle in
this country. They have defiantly re-
fused to undo the wrong and reinstate
the silver to its ancient position as the
haPd-maiden of gold. a combination
of industrial organizations in this
country, greater than all the old parties
combined, has risen up and declared
that before God they viii never rest
until that crime is wiped out and silver
restored. prolonged applause What
wasthe motive of that demonetization9
Silver was first demonized in England
In 1915, then in Germany in 1878 and
in America in 1884. The motive was
the simplest thing on earth.
FATTENING A FOREIGNER.
By demonetizing silver they doubled
the value of gold. They made a gold
dollar havea greater purchasing power,
and England, the chief creditor nation
of the world, who must receive her
pay for her commodities for that which
she ships away and for the debts we
owe her, must receive it in commodi-
ties in products, the products of
our mines Or farms. England. the
great creditor nation of the world, is
interested to get just as many pounds
of beef and as many bushels of wheat,
and barrels of pork, and ounces of silver
as she can possibly obtain for a dollar
in gold. Jig is a very simple process to
get our commodities cheap-they make
our money scarce. In order to get
u silver cheap they demonetizeit and
stabit G death SO astocome to America
and buy Jul silver at 20 cents instead
of $t29.
What difference does it make to a
wheat raiser in Colorado Seventy
and three quarter cents worth of
gold in India will buy silver rupees
enough from an English banker to en-
able the English wheat buyer to buy
wheat at $1.10 per bushel in India.
which he gets to England for IL cents.
His wheat, In gold, only cost him 8S4
cents per bushel laid down in England.
But If silver was 1929 per ounce, then
the English bankers and wheat buyers
would have TO pay $1.10 per bushel for
wheat laid down in London, in gold,
instead of 88 cents. The difference be-
tween 90 cents and $1.20 per ounce for
silver makes 81 cents difference on
every bushel raised i'm America and the
wheat raiser of America contributes TO
the wealth Of Great Britain S14 cents
per bushel On every bushel of wheat
and 81 cents on every pound of cotton
sold in the British market.
Now you can see why England wants
silver demOnetized. But. they saw II