The farmers' union. (Memphis, Mo.) 1891-1895, 1893-01-19


prove:
Total exports tlS12 81
inclusivc) Sl4,So5. 800 66o
Total imports 1872 81
1nclusive} less re-eX-
ports 1880, 4S1 800
Net balance exports for
twenty years $ 1.?l4,SIS. 449
Dividing this sum by 20. gives 800.
.io,?22 as the yearly average. This
enormous tribute too. has for the larger
portion of the time, been made at
prices depressed by +hc vicious silver
Legislation of those wreckers. to the
lowest possible point. The real amount
probably shonld he onet third more.
How much additional Is paid and re-
invested here to increase future pay
ments IS not known. but Is perhaps
two or three times as much more. This
burden must be removed. The people
are tired paying this tribute, levied
upon one preteXt or another by the
wreckers who have mismanagcd pub
lie affairs in this country for twenty
years or more. Along with this for
clgn tribute orr productive industries
are forced to pay tribute to the money
lords of this country to the amount of
billions of dollars annually, and relief
must be had from large portion of
this.
The Democratic party has taken the
contract to give proper relief in both
cases, but naturally the questions re-
lating to the foreign tribute come first,
although at the same time the meas
ures which will sop this will, to Il
very large extent. incidentally stop the
tribute TO Wall Street at the same
time. And nothing short of stopping
this foreign tribute entirely Will he
satisfactorily 1t is inconceivablv
senseless that 80 100000 of the most
Intelligent. energetic, and euterprising
people on earth, with all the natural
advantages known. to man at their
command, should ever have been forced
to pay this immense tribute or any
part of it to foreigners, and now that
it is quite generally known it will no
longer be tolerated.
If the Democrats have no plan for
stopping this, they have undertaken a
big contract in agreeing to restore
prosperity to the producers of this
country. Ii they have feasible and
practicable plan for restoring the
usurped liberties Of the people. why
this puerlfe and unnecessary delay in
announcing it and in calling an extra
session of Congress to Immediately be-
gin the work, for it may as well be un-
derstood ut once that the country is in
no mood for further trIiiing. The pec-
pie are being robbed and they know it.
and they want relief at once. and the
Democrats have agreed to give it -
Farmers Tribune
Another Credit Mob,Iier scandal IN sight
The bill before Congress for the loan
of national credit of S100,0OO,000 to
the Nicaragua Canal Company has in
it all the elements OF another credit
mobiier scandal and is already devel.
oping distinctive odor. The Con
gressman or the able editor who, in
the light of the experience of the gov
crnment with it's loans to the Union
Pacific Railway. can advocate the Mic
aragua bill. has need to explain his
motives very carefully.
The proposition is simply that the
national government should take all
the risk and pay the entire cost of the
canal by indorsing SlOO,0OO.OOO of its
bonds. and in return shall, if the canal
proves success, be saved from less
on it's advance of credit. Under no
circumstances can the national treas
nrv make any profit ont of the under
taking, although it takes all the chance
of losing the entire $lOc,00O,0oO it in
dorses for, if the enterprise fails.
The whole scheme on the part of
the private capitalists who are stock
holders propose to take all the profit,
ii there is any, while the government
is to shoulder all the loss if there is
any. is strictly developed on the idea
embodied in the phrase, Heads l win,
tails you lose
There is another aspect of the mat
. ter. The object Of this canal, so far as
concerns the public interest of the
United States, is cheaper freights be
:, tween the Atlantic and Pacific Coasts
There is a far cheaper, quicker and
surer way to secure trans continental
freiglts nationalize the railroads.
Ii we had government railroads run
at cost. no canal would be needed, ol
would pay if dug Nation.