The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1893-08-04
Is II True7

Is IL True InaG Wnen SILVER goes 1oWn
the price of wheat and cotton goes
down, and when silver goes up wheat
and cotton go up?
Our answer to this question is a
most positive affiirmativs-yes sir;
most asuredly!
Now in the first place this PROPOSE
ton is generally admitted by writer's
on political economy. 1t is at least
conceded that if you discredit and
limit one of the money metals you in
crease the purchasing power of the
other metal in like proportion.
Hon. Preston B. Plumb, said in the
United States senate. on January z,
1891: 1.-The opposition to free coinage
comes from two classes. Those who
have credits now payable in gold; they
want gold to grow more valuable, as
of course. it will if it remains the sole
standard of value. Second. those who
have ready money which they want
increased in value compound with
property of all kinds. The average
citizen, producer or debtor, or both, is
entitled to be taken into account
Now consider carefully this cohdi-
ton. Here is the United States. rich
in the production of wheat. cotton and
silver, on one side. There is the Indi-
an empire. under British domination,
with 280 millions of people, also rich
in the production of wheat and cotton.
but producing no silver. on the other
side. In the center is Great Britain,
producing less than 100000 worth of
silver, while the United States pro-
duces $70,00O,000 annually. Now if
Great Britain can induce the people of
the United States to disparage silver,
consequently forcing down the price
of silver, she will be able to procure it
cheaply for coinage IN Great Britain
and in her Indian possessions where
her minis are Cor have been) open to
silver coinage. She buys India wheat
for her Liverpool markets., and the
American farmer must sell his wheat
in competition with the India article.
The cheaper she can get silver the
cheaper She can get wheat. and the
cheaper must the American farmer
sell wheat.
British control of the wheat and the
money market of the United States is
paramount.
When Americans put back silver
where it was before 1873 then she
must pay $1.32 per ounce for silver in
stead of 20 cents, as now, and the
spell of British domination of the
American silver market will be broken,
and the American farmer will get 50
cents more per bushel fer his wheat.
This logic is indisputable and irresist-
able. Yet where wheat raisers in this
county are saying that this free silver
agitation is all TO enrich the silver
miner, and learned town lawyers say
Eyes, yes, that is so.''
When will the American farmer
wake up to the fact that he has been
robbed for years by the money sharks
of Europe and America.
In conversation with Republican
national banker on my last trip to
Dodge City, Kan. propounded to
him two affirmative propositions, and
he assented to both of them.
First-When there is plenty of money
and prices are rising, everybody makes
money. and nobody looses.
Second-When there is scarcity of
money and prices are falling. the
many loose and the few make money.
Now if this is the case. the demand
for increase of the circulating medium
(more money! is imperative.
The panic was caused, not only by a
lack of confidence. but by a lack of
confidence caused by 8 scarcity of
money.
The issue of millions of dollars
worth of clearing house certificates
gives the lie to the statement that
there is plenty of money.