The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-08-17
seem bent on doing a great deal of

/ ~
| United States have to pay II per cent
tor the money used in the cultivation
OF their crops; that owing to restrict
| i've legislation, which prevents cargOes
from shipping this way they have to
pay double frelghts to European mar
ketS when across the ocean; that they
have to compete in the neutral markets
OF the world with the pauper labor Of
creation, the present labor of the Med
lterranean, the fellahs Of Egypt, the
coolies of China and the ryots of India
and, by this very silver legislation, at a
disadvantage Of 30 per cent: that when
their produce is sold they are not al
lowed by the laws Of their country to
avail themselves of the advantages of
this cheap labor against which thev
nave TO contend at disadvaagent Of
30 per cent, but must take this money
BACK home and pay a bounty Of over
81 per cent to home manufacturers If
not they must pay t0a United States
custom receiver 80 per cent, not only
on first cost, but also on all expenses to
lana 1t at an American custom house.
These unjust hardShlps imposed upon
American farmers seem calculated to
have called forth a dlsOrderly growi
from old job himself.
have answered your questions dis
cursively. ! will now do so categori-
cally. In doing so, however, | shall
proceed upon the suppOsition that they
are asked independent of and irrelev-
ant TO party surroundings. OF course,
as | am Democrat, | am in favor of
carrying out the party platform. To
announce set of principles, 90 before
the people, and after having now the
offices upon them TO disregard them,
would be but to perpetrate a fraud up
on the public. Speaking independenJ.
ly OF party environments, in reply to
your qupStiOn-what has any farmer
to gain 10y the free coinage Of silver ?
pointedly declined to commit myself
to the prOpriety Of any such INN ediate
action, Tor two reasons: lSt. Because
such action would transfer the benefit
OF the signorage from the Govern
ment to the bullion holder. I'd. Be-
cause of an apprehension that the out
flow of gold would cause Il temporary
contraction.
Now, as to your question, how we
would open this marketr First, this
appreheuded contraction should be pro-
vided against by the repeal of the IL
per cent tax on each States share of
one billion dollars Of local issues pro
rated to the States according to their
population, with the special require
rate 1T according to counties. The rea
sons for this requirement are obvious
ard conclusive. We are suffering more
from an Ill distributed than from re
Scricted volume of currency. AS soor
J as 10; III banks were in operation
would recommend not free coinage
but the free and unlimited purchase o
silver on the plans OF the Sherman bill
until the value of the dollar unit sunl
to the level of the bullion value, 4l2l.
grains standard silver, and then opei
the mints to free and unlimited coin.
age at the ratio of l6 to l.
This policy would drive the volume
OF gold to ErOpp, and though the mints
might remain open to it then as now,
would practically put us upon Il silver
OASIS. Oh the advantages we would
| gam, and the dangers and disasters we
"ouli avoid, space does not permit me
to dwell. Why should we adopt the
ratio of l6 to |? For the simple reason
that silver was shown itself to be the
most reliable measure of values.
| Money Is not only Il medium of cX-
change, but Il representative Of values
and standard for deferred payments.
| THESE two latter features require that
Its volume should maintain Il ratio I'm
| form with the volume of commodities.
| o' oift| I'D p'l' DO"CI WOlllu re-
main the same. Measured 10y commod-
tiles the result proves that the dis
| parity between the two metals has been
caused by rise in gold, and not by d
decline III silver.
| -Four hundred and twelve and a half
grains OF standerd silver in Ftbrulrt
rs, 1913, mcaSued three feet in COmmOd-
| lJleS. just twenty years aftcrWdIhS
III 1888, 1T measured the same lnrec
1eet IN commodities. The gold doll ar
in 1913 lacked Il fraction of measuring
thee feet IN commodities. Now 1t
measures four and Il half feet. Which
is the honest yard3tick? Which is the
best representative of values, the most
reliable standard Tor deferred pay.
ments? [ contained these prop ,sitions
in five QUESTIONS which | asked you
about two years ago when you were
drnounceing the silver dollar AZ Il
dishonest dollar, questions which You
could not answer. The phrase, "A
rise IN value OF gold" are words of
OminOus amt threatening pOrten to the
happiness and welfare Of mankind. 1t
means that 0Oper ce"t has been added
to the burdens of all debts and taxes
and that the hours of the labOrIng
man shall be extended from eight TO
twelve. 1T means the sacrifice Of the
landholder to the bondholder and the
treeholdhr OF productive industry to
unprOductive wealth, and signals the
victory Of the dronea over the bees. 1t
means that the deep laid scheme cry
stallZed at Paris in 1867, in which
Sherman and IIuggIeS and the London
and LiperpoOl bankers figured 80 cJn-
splCnously. has been successful; that
the decentralization of silver has given
to the bankers entire control OF the
vnIunle Of money and that the indus.
trial world to-day is Writhlng in their
grasp.
Money il the great modern power;
whoever controls il controls politics
and society. The bankers have made
themselves the masters of the modern
world. L. w. YOCMANS.
Fairfax, S, g., August D.
Crops Destroyed.
| nUNTINGDON, PENN, Aug. i.-The
farmers in the lower end Of this country
are In dispair oyer the great loss they
have sustained by an invasion Of grass
h0ppers. The insects have appeared in
countless SWarmS ANA are destroying
every growing thing in their path.