The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-08-29

PN No.
N''oO''oOo
Silver over gald 9,472,l38
Say, in round numbers, $4,000, 600
per year. That looks large and it is,
no mistake about that, but how large
is it9 Coin it into three cent pieces
and distribute it among the one and a
half billion people that inhabit the
globe, and you will give n piece to
each fiftieth person. Is that large9
Suppose you wished to give each per-
son on earth a biscuit, would it pay for
the salt to season it7
Now let us take a'good look at France.
She runs the double standard, and her
ratio is 15B to 1. How does she stand
it7 See the figures quoted from Mr..
Preston:
France has silver. ........S5O0,GO,0
Z" gold.".."..... ....'..... G'm 100
oL,OUU,CUU
England has gold, silver and paper,
all together, 500, 600, 900, just the
amount of Frances silver. What is
France, anyhow2 Why, France is a
little Nation. You might take a State
the size of Georgia from Texas and still
leave Texas with several thousand
more square miles of territory than is
contained in France. But her whole
area is a garden spot inter
spersed with the most beautiful
cities, towns and villages in the world.
Every house is a bee hive of in,
dustry. What they make they sell for
cash and for what they buy they pay
cash. They are out of debt, wealthy,
happy, independent. They love their
homes and their country. Immigrant
ships never sail from her ports. Castle
| Garden is never filed with Frenchmen.
And Notwithstanding France has as
much legal tender silver money, at a
ratio less than ours, as England has Of
all kinds. she has more gold than any
| other nation on earth. The money
lords had full possession in France
once, they needed not the cry Of the
people. A naughty spirit before fall;
pride before destruction. The bloody
| French Revolution and now the
try is run on common sense principles.
Will we learn a lesson from France
and apply it in time9 Germany
has a silver dollar alongside of every
gold dollar, Notwithstanding Germany
is claimed as a gold country.
| Does it ruin Germany7 Then why
can we not hold gold with a double
standard especially at 16 to l? 151
to 1 is the ratio of France, Belgium,
Italy, Spain, Netherlands, Russia and
| all the Central and South American
countries. Does it stand to reason that
they will dump it on US at Is to 1?
All the nations of tE world, except
England, are striving to increase their
supply Of both metals. They want it
for money.
By the same process used in ascer-
tanning that the amount of silver
coined the past three years was
24 million per year greater than
the average product for the past
20 years, we find, also, that the
coinage of gold for the past three years
was SO millions per year larger than
the average annual product for the
past 20 years. This proves that the
world wants both metals, and in greater
abundance than the mines can furnish
them, and that in this country the
supply Of gold is not adequate to furnish
even the demand Of foreign trade, to
say nothing of a home circulating me
dunn.
A strong motive that ought to actu
ate every patriotic heart to stand by
and defend silver is this: A kind
Providence has highly favored our ma
ton. He has placed rich mines of both
metals in our borders. Especially is
this so of silver. While for the last 20
years the annual product of gold out
side the United States has been
only. ....$72, ~ O5O
Our produce averaged. 80, 429, $50
Or about 33 per cent. of the whole
worlds product. OF silver, the
world outside averaged for the same
time. .$67, 625, 293
While we averaged ......... 49, 700, 645
Or about As per cent. of the whole
worlds supply. These facts, together
with the further fact that our gold
supply is rapidly Acknowledgements
exceeding u product and imports
combined at the rae of a million a
month. and our own coin exceeding
product 925 millions in the past 20
years, and the world clamoring for
both metals should inspire every pa
triot in America to stand firmly by
our chief money metal and see to it
that neither the jealousy of the crowned