Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1893-09-14

Denver. this 9th day Of May. A d.
1892
(Signed) JAMES a MILLER.
Clerk Supr, me Court.
Sc congressional Record Vol. %,
page 36l. As t. corrupt transactions
no better proof than the foregoing
affidavit IS attaiHable and coupled with
the further facts, that the bill was
smuggied through Congress after a
futile attempt in 1868 to pass like
measure openly, that it was not de-
manded by any political party, either IN
power or cut Of power. mat it knitted q
growing industry Of the country which
during that very year pro'~ced S27,-
4o3,OOO IN silver, that it was in the
interest of the money loaning and bond
holding classes Europe and America
by enhancing be value of their secur-
tiles. the double burden that 1t entailed
upon the common people by the
shrinkage Of money to pay with.
coupled with thege facts, ! leave to the
readers Of tie HERALD, whether | have
sustained my allegation of reasonable
proof
| have not considered the final act in
the drama. Authority to compile exist
ing laws Into a Revised Statutes is not
authority to change the laws to suit the
compiler, which change buried in
volume OF l400 pages. is only added
proof If the Plottings OF the conspira-
tors.
Mr.. Editor, having considered most
of the miscellaneous of my former
article, as traverstd by Mr. Carter,
permit me to redirect the attention of
your readers TO the more pregnant
questions in issue, and concerning
which Mr.. Carter was entirely mute.
| have asserted that the striking out
Of one half of thu supply of standard
money has caused shrlnkages in values,
falling prices still continuing to fall,
and disaster encompassing every one
doing business on borrowed capital
The borrower has paid and is paying
more than he agreed to pay and Shy
lock is claiming more than his pound
of flesh This is the result of the de-
monitization Of silver and the producers
of Grant County are affected by it as
well as the miners ct Colorado James
q Blaine spoke these words in 1878
4 believe the struggle now going on in
this country. and in other countries for
single gold standard would, il sue
cessfu, produce widespread disaster in
and throughout the commercial world
The destruction Of silver as money and
establishing gold as the sole unit Of
value must have a ruin0us effect on all
forms of property except those invest
fah of IN
money. These would be enormously
enhanced in va ne and would gain a
d sproportionate and unfair advantage
ever every other species of property
Have times so changed that the wis
dom of James G.. Blaine is no longer
esteemed in Grant County? Is the
glamour of the money loaner so great
that its people are willing to bear the
double burden without a murmur? Has
Democratic president hypnotized the
Republican masses there, as he has
their leaders, to wear the yoke imposed
by Wall and Lombard Streets? Does
Mr. Carter rightly tell us that the price
of silver no more concerns the people
of Grant County than the market value
of bananas and oranges? Statistics
show even now, that the bullion price
of silver is linked with the price of all
your farm products. As its market
value rises so they rise, and as it de-
cines, they decline. Do you not know,
Mr.. Garter, that the bullion price Of an
ounce of silver establishes the market
price f every bushel Of wheat raised in
the State OF Wisconsin? L.. me ex.
plain. TIE price OF the surplus wheat
which j. exported determines the price
of that consumed at home. That which
is exported comes in competition with
that raised in india. India is silver
country. An ounce of silver coined
into rupees buys IS much of the labor
and products of that country as it ever
did. 1t matters not whether the bullion
price of silver in Londan is 80 cents an
ounce or 81 %, an ounce of silver
coined there will purchase a bushel Of
wheat at Calcutta and pay transport
tation to Liverpool. Therefore it
follows that the English broker will not
pay the American exporter for his
wheat more than the bullion price for
an ounce of silver per bushel. Like
causes control the price of cotton. If
London, wheat would be worth in
Liverpool S129 per bushel With
silver worth so 20 an ounce, wheat will
be worth only 50 20.
Since the denomination of silver and
by reason of it, the loss to the American
farmer on this one item of wheat is
almost incalculable. have before me
its computation for the single year.
1889. 1t amounts to over 1921. 000. 600.
Nor is this all La 1878, the United
States exported IS per cent. of all the
wheat landed at Liverpool In 1890, it
was only 50 per cent In 1873, the
amount exported BY India was in
linitesimaL in 1892. it amounted to
5Q0000 600 bushels. Sir Robert Fowler
NJ p. ex-Lord Mayor of London,
prophesies. that the effect of the de
probation Of siiyel must finally be the
ruin of the wheat and cotton Industries
of America ard the development of
India as the chief wheat and cotton ex-
porter Of the world The only WY that
the United States can sustain the price
OF silver is by free coinage. Tins Mr.
Il.