The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-02-07
tain gold to save itself from bank

tain gold to save itself from bank
ruptcy
The demonstration of silver has
already enhanced the price of gold as
compared with commodities fully 40
per cent, and the work of contraction
is but just begun. The price of com
modities must decline so long as the
gold standard is maintained. If it is
desirable that the farmer should oh
tain a better price for his products; if
it is desirable that he should be able to
relieve himself from mortgages which
have been doubled by legislation since
they were executed; if it is desirable
that there should be independent real
estate owners Cultivating the soil; If it
is desirable that our farmers should
not be converted into tenants Of the
gold kings; if it is desirable that the
productive energies of the country
should be developed; if it is desirable
that civilization should be maintained
for all the people and its benefits not
confined to the hOarders of gold alone,
then silver must be remOhetized, and
no fair minded man ought TO complain
if such restoration should rep air a part
of the loss which has already been sus
tained by silver miners.
Inc gO3u DGu u0ll1dIu L4l6 IGp01l OIL
the act of 1890 and the utter Qistruc.
ton of the market for silver In Europe
and America. If this can be done,
silver bullion will fall very low, per
haps to 40 or so cents an ounce, and
the silver miners will be ruined. The
gold kings will then urge the great
difference between the prices of gold
and silver bullion as a reason for CON
tanning the use Of gold alone. They
will maintain that silver is no more
useful for money than iron, lead or
any O.her metal, Every decline in the
price of silver has been used as an
argument against its reconciliation.
The repeal of the act of 1890 is de
manGed to strengthen the hands of the
gold kings and destroy the advocates
OF honest money.
The advocates of gold are willing at
any time or at all times to do anything
to disparage silver, and the repeal Of
the act of 1890, without substituting
something better, would be the last
and final blow which would bring dis
aster. If the gold kings Car repeal the
act of 1890 and close the silver mines,
the farmers and producers will be at
their mercy. In that event the gold
now obtained from silver mines would
be cut off; the volume of gold coin
would diminish year by year; the
monopoly Of the gold combination
would % complete, and the will Of the
gold king would be the law Of the civil
ized world. Nothing could wrest their
power from them but revolution. Let
them take warning, The r~e-establish-
ment of the feudal system in this cOun-
try can not be effected without rev0Iu-
ton. In that revolution the gold kings
may be dethroned.
The free coinage Of silver is the peOs
pies cause. The unrest and discomfort
now universal is the distant thunder
before the storm. The people know
that prices are falling, that the value
Of money is advancing, that business
is staguant, and that vicious legisla-
ton is the cause. Politicians may de
ceive them flr q time. They may tell
them that it is tariff schedules, civil
service reform, prohibition, or any
other reason they car invent and divert
them from the real cause of their
troubles. This deception can not last.
The people will discover that want of
money resulting from gold contraction
is this cause. Discomfort is on the in
crease, and will continue so until it
ripens into revolt against the tyrants
whose cunning in financial legislation
has usurp6d the civil and political
power Of the government.