The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-06-13
FINANCIAL.

The Result of the Demonstration OF
Silver---A Prophecy Being Fulfilled
The Crime of 1873 Graph
ically Explained.
Eight years ago I delivered a speech
at Duluth, [Oct. Z, 1885,, in which
made the following prophecy:
''The human family is increasing at
tremendous rate, and the business
and commerce of the world are increas
ing IN like proportion; but all prices
are fixed by a metal (gold) steadily
rising in value from its increasing
scarcity, and which, by it's additional
purchasing power, sends all other
things in the world on a down grade.
The world is dealing on a constantly
falling market; this arrests production,
enforces idleness, increases discomfort,
and puts a steadily increasing strain on
all forms of government. If the process
continues the end of this century will
be as stormy and revolutionary as was
the fatal close of the last century,"
Our prophecy is rapidly being full
filled.
All Europe and America are suffering
from discomfort and turbulence; all
enterprise is crippled; commerce is
largely bankrupt; Russia is honey
combed with nihilism; in Germany the
radical elements have defeated the
government on the army bill; in Bel
GUM the laboring men have, by insur-
rectiOn, forced universal suffrage from
the hands of the ruling class; in the
United States the red lights of danger
blaze at hundred points; millions are
unemployed; another Black Friday
eliminated the other day in Wall
street, and dstocks fell about rs per cent.
In the meantime Cleveland proposes to
call Congress together, just as Louis
XVI assembled the tiers etut before the
great revolution; and every thought
full man looks forward with apprehen
sion to the coming of the hot weather
the month of July-the season of po-
litical convulsions.
The Democrats obtained power un-
der the pretence that the cause of all
the public woes was the Mckinley bill; {;
and now their intelligent leaders are
afraid to call Congress together and
repeal the Mckinley bill. If they had
been in earnest they would have sum-
mOned an extra session for the 4th of
March last, instead OF letting the peo
pie be plundered for six months longer.
But the Mckinley bill is but small
part Of the nations troubles. Cleve-
land is treating his patient for measles
when he really has consumption. The
true disease was stated by me in that
speech, at Duluth, eight years ago
The operation of great laws is as in
flexible as death.
The decentralization Of silver was in
tended, by the conspirators who en-
gineered it and bought it through the
different governments, to reduce the
amount Of metallic money in the world
one half; to double their own fortunes
by reducing the mass of mankind to
pauperism. In consequence Of the re-
sistance made by tie United States the
scheme did not perform its full and
perfect work; but itreduced the world s
money about thirty three per cent,
and proportionately curtailed the
worlds prosperity.
The owners of the silver mines of
this country insisted on the remone
tization of silver; and, as tub to the
whale" the Republican and Demo
cratic Congressman threw them the
Sherman act; which provided for the
purchase Of four million dollars worth
of silver bullion every month, at the
market price. This did not raise the
price of silver, but it gave the miners
a market for the product Of their
mines Without such a law silver
would not today be worth over twenty
five cents on the dollar; the purchas-
ing power of gold would be increased
to rs per cent. above par, and thevalue
of all property would be decreased at
the same rate. Now it is asserted that
Mr.. Cleveland, in obedience to Wall
street, is using the federal patronage
to coerce Democratic Senators and
representatives, especially from the
West, into voting for the repeal of the
Sherman act. If he succeeds he will
plunge the whole world into incalcul
able distres ses, eliminating in Univer,
sal revolution. The plutocracy is fol
lowing precisely in the steps of the
Slaveocracy of 1861, They will con
tinue their aggressions until blood
flows in a red and mighty food, that
will sweep them out of existence; while
revolution will e-cast all forms OF
government. with new guarantees fol-