The farmers' union. (Memphis, Mo.) 1891-1895, 1893-08-10

cost 81 1929 per ounce. wheat laid down
from India would cost 81. % per bushel.
and if il costs 10 10 cents per pound
and ST. 81 per bushel to lay cotton and
wheat down from India. then Ameri-
can co.ton and wheat would certainly
be worth l. cents per pound and 81. 30
per bushel
| Part Of the Plan.
| Such was the mode under free coin
age in India Now what will be the
| process with a ratio OF % TO | estab
! lisheu 10y the United States and the
| English Government huving and coin
ing silver into rupees and selling them
at % cents each. as is now proposed
| Silver bullion Will be worth not less
than SO cents per ounce. The Govern
ment buys it at that and coins it INTO
rupees and sells them for - cents,
masking - cents FER ounce.
| The purchaser, who is the English
| importer on wheat. cotton. rice. 1ute.
and other articles from India. takes
them and pays for these exports to the
amount Of 81 40. what costs him but
% cents, or makes Il. cents an ounce
| on all the Government COINS, SO that
the only difference in this part of the
| plan is that the English importer has
to divide the profit with the Govern
ment. The two make together what
! the importer made under the old plan.
But we will see further on that he is
more than compensated for this loss.
Let us see how much Of these princi
pal articles Great Britain imports that
this cheap silver enables her to fix the
| price of: Wheat SIP. J52.JlO. barley
S24 SD, 6"3, oats 81. So3 100. maize
| 80, 9Ol $40. other grains S?.445. 20,
wheat flour $i2.71o, $40, other flour ST.
!33.075, cotton S42S. 2lO, 40. including
IS. SSS, OS1. jute Sl6 G3:}, $50, oil seed
cakes IS, ooo,;,:'o. rice Sl3. AS, 600, cot
! ton seed Sl,:p3l 100, spices - 1222, 49,,
! tea 80 9}9. S33: or $500. 2U1 $50, that
! with silver at 50 cents per ounce she
! can supply herself with these articles
! for Two thirds OF what she could buy
| them for If silver was worth 81. 300
! per ounce, a saving TO her on these
items Of $3.50, 4o22, 42S annually, besides
Il depressing influence on many other
things she buys. Will some friend of
gold inform me why England does not
! put more money into rupees if she
wishes to increase their value. rather
than ask the United States to put more
silver into the dollar? Why so much
talk about the dishonest dollar and
! none about the dishonest rupee? She
! does; not want an honest rupee, bit
| cheap silver with which to make dis
honest ones. Eat tins Is only "A part of
the infamous plan.
! She is keeping hid the rccommenda
ton uf Hcrschrl!'s Commission. that Il.
tariff be levied on the imports of silver
/ by Individuals into India until the
nlteu STATES establishes the ratio be-
tween gold and silver. and then the
! world Will be treated to aLother sur
prise.
An Infamous Plot.
! \ tariff on the Imports of silver hv
Individuals III India. VIVA. will b..
! the effect of this? When the Chinese
and Japanese merchants appear at the
/ ports of India TO buy cotton goods and
YARNS. they will he met by tariff on
their silver. which to pay would cost
them more than the increased purchas
ing power of their silver in India. may
be greater than IN England. Hence it
; will he against their interest to pay
the tariff and buy theirlcotton goods
and yarns i'll India. and their trade will
again return to Great Britain. This
will bankrupt every cotton factory in
! India and build mp the British cotton
factories. 1t will force India to export
all of her cotton t. be spun that she
does not use for clothing for her home
people. and every bale tina. is exported
l. 4l,,, Il. : f,,1.,
could :upplv.
That Ell gland is capable of this. her
| past history demonstrates. Read it in
| her Legislation With reference to facto-
RES III the Anne rican colonies. Ireland.
and cotton looms IN India. With cheap
silver to buy her raw materials from
| her 30, OUn. 600 Indian slaves and fix a
! price Oh orr raw material that she uses
and a tariff on silver TO break up man
uiac:urlug IN India. she Is mistress of
the worl! for the next hundred years
to come. unless We change our policy,
despite the inventive genius of Car
| people and our immense natural re-
J sources. The growth of cotton nl1nt.-
! featuring III India under high silver
there. demonstrates that with free
coinage We could control the commerce
OF every >iAver-usinc nation on the face
Of the globe. because they would buy
where their money could 60 furtllest.
and when We hal developed the bust
ness England could not levy tariff
and destroy 1t. as she proposes 10 do
for India. Let 10 one be foolish
enough to think that the native inhab-
itant> Of India are the movers III tie
suspension OF coinage Of silver a; their
nints. Would a people who had in
creased the amount Of their exports
more than 90 per cent III twenty years :
. " 10 produces > 2b>. 900 bales ot cot
ton q against rs, Zoo bales twenty
Years ago: Who export 3?.oo0.oo0
/ bushels O. wheat as against $50 $50
twenty Years ago: Who have ninety
nine cotton mills against eighteen
twenty Years ago: WAC export l,j3.
oon pounds Of cotton warm. against