The farmers' union. (Memphis, Mo.) 1891-1895, 1893-09-07

|
! first to feel whatever Improvement may
develop, and let Congress DO what 1t
t may with reference to tine financial
question, We are looking for much
| healthier conditions this fall There
! are enough farmers who can hold their
| wheat to make themselves perceptiblv
! felt in the markets, and when the peo-
| pies sto,narhs become hungry the
pncketbooks will open, and even the
bank vaults will be compelled to open.
! We have not gone irrctrievably TO ruin
in this country. even if all the money
sharks III the country We're on orr
| backs and our industries. But W. are
/ about rs near to IL snash,lp rs nervous
people care to GET Farmers Voice.
\ Standing rrinc,pic.
There is one natural principle in po-
| litiral economy which Is as eternal as
| the Rockies and as enduring as the
sun. 1t Is this: When the value of
| money increases the value of produr
| tons decreases, and to prevent injus
| thee being done to any class of people,
it is essential that the dollar he not
| allowed to ASSUME fictitious value bv
! law.
| TO illustrate: From 1880 to 1890
! the population of IT," !nitel States
Increased - per cent. To preserve Il
natural ratio all round, production
/ should have increased % per cent. and
the volume of money shonld have been
augmented in the same ratio. Had
tins taken place, the present financial
distress would not have overcome us.
But instead Of increased production We
! find that articles for sale are actually
! fewer than during the decade previ-
, Gus. IL has been but few Years since
III visit to the manufacturing institu-
tions of the country would disclose the
| fact that their warehouses We're stacked
with articles awaiting purchasers art
! iclcs in which large sums of money
were invested vet now We are told
that manufacturers put out nr goods
except on orders. This is because the
volume of money has decreased. bring
ing GOWN with ii the ability OF people
| to buy. hence consumption is de-
creased. and manufacturers must of ne
ceSsity curt,il their output. which
means to curtail their profits. and in
many cases has had the effect OF utter
! ~ destroying their business.
| So with lie farming interests. In
| stead oi IN increase III the production
| of farm staples. We see constant de
crease in this line along with the de-
crease in the volume of money hcnc"
| the constant downward tendency in
| farm values and farm incomes. This
feature of the situation is we'll worth
the study of farmers all over the land
Upon them depends the rescue Of this
| Government from the clutches Of the
British monev-shark and placing it in
the hands of the people. where it be-
| longs.
The Pred net ion OF silver.
According to the tables COMPLIED Ivy
| DIR. Soetbecr. from lS}:; to 1910, there
We're produced thirtv-two ounces of
silver to- every ounce of gold: from
| 1910 to 1880. fifteen ounces of silver to
one Of gold from 1850 to 1880, five of
! the former to one of the latter: from
/ 1850 to 1860 four of silver to one of
| gold: from 1850 to 1866. six of the
white metal to one of the yellow: from
! 1866 to 1870, three to one: from 1870 to
| 1879. twelve to one: from 1876 to 1850.
! sixteen to one: from 1880 to 1856,
/ twenty tu one: from 1856 t. 1892
| twenty-five to one.
| From this table We readily see that
the greatest relative amount Of silver
WAS produced from 1888 to 1910 -thir-
" two ounces of silver to every ounce
of gold. During that time silver was
worth Sl.2o to l.:'2 per ounce, show
ing concluslvcly that even ut the ratio
ri forty to one. the white metal was NJ
Il premium Now when the relative
| production Of the metals is only TWEEN
,v-ti>. To- one. Silver is worth only -
cents. From this statement We can
see that it Is not the ratio OF proiuc
ton uf silver and gold that enhances
the value Of gold and IcnreciateS sill
Yer. The simple. truth i. that the fiat
~ the Government having been with
held from silver. since 1873. this metal
has sunk 10 Il mere commodity. while
tn" >ccptor passed over t. gold. Ii
this session Of Congress gives silver
another thrust. We may expect the
most Gloom. period OF orr financial
! history. Cotton will sell for less than
! half the cost of production. Will.
| wheat and corn will not pay trr their
| transportation t. remote markets,
! Manufactured goods will increase in
| value. and the rate of Interest," viii be
entirely at the option OF national bank
cr> and money lenders. This j. free
dom indeed.
An Ideal Republic.
| Thomas jefferson said: Let IL
found a government here there shall
h,. no extremely rich men AMI no al
jeetly poor ones. 1t is interesting, III
deed. t. contemplate the ideal ot this
sage. and then observe how far the tt.
public has irlttyi trom her ancieu.
moorings Had such an Ideal been
realized. We then must have la 4 gov
erument of the people. for the people
and 10y the people: but to-day wher,
are We? \ few hundred uen owr.
three ritthS ot the wealth oi the nation
Hrsn r1f}fre1 l2%n nr.A ff'9rn> n