The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1893-09-09
HOW THE FARMER Is EFFECTED.
By the Present Financial Situation
A Clear Headed Farmer Has
His Say.

His Say.
A writer in the Wellsburg Neps
discusses the effect of the present
business status of the country upon
the farmer His remarks are SO true
that We reproduce them:
The Bears at present seem to be
at large. They are DO longer con
fined to Wall street and the other
stock exchanges of the country, but
are running rampant, tearing down
aud deyouring everything in their
paths, and striking terror and un-
certainty to the hearts of the people,
from the Atlantic to the Pacific, and
from the pine clad mountains of the
North TO the tropical regions of the
South. And they are not combining
themselves to America, bnt are Great
ing great havoc in Australia.
Stocks are below par, banks are
breaking, the money of the country
is locked up in safety vaults, the
farmers products are selling below
what it costs to produce them and
there is a general cry of hard times
throughout the land The cause of
this financial panic has been attrib
uted to several sources, but chiefly
to the change of the administration
1t is strange that people should
have such confidence in man and
his party as to declare for his
and it's principles by an over
whelming majority of its sutfrages,
and ere there is time to put those
principles into practice, should lose
confdencei in those principle to such
an extent as to bring panic upon
the country.
This might be plausible theory
had we no history Australia has
had no change of administration;
there was no change of administra-
ton in 81, '73 or '76. In fact, as
we know, there never has in the
history of the country been great
money stringency caused by such a
change.
But we do know that when tree
or vine grows too luXuriantly, that
it bears little fruit until it is
pruned. We do know that where
there is too great an imitation there
is bound to be relapse, whether it
be in town, city, rail road, mine,
bank or factory, bonds or stocks, or
any kind of speculation. We do
know that where there is too great
depression there is certain TO be an
expansion.
And has there not been an unusual
number of blooms all over the United
States of towns and cities? Have
not transporters of all kinds flourish
ed2 Have not immense fortunes
heen made III mines. factories, aud
especially IN iron mills? Has there
not been aa imitation of all kinds of
bonds and stocks, and is it not nat
ural that there should be contrac-
tim?
Let US see now what has been the
condition Of the farmer, the back
bone of every country, the man who
feeds ALL the man who pays for all.
Has there been any imitation in the
values of farms or of farm products,
or has there not on the other hand
been a depression?
Does not the farmer have to pay
as much for the transportation of a
bushel of wheat which is worth So |
cents as he did when it was worth |
$125 or ST. 80 per bushel? Is bush
ell of wheat equivalent to days la
Dor as it used to be, or does he have
to give more than two bushels now
for the same labor? Does he sell
his corn, oats, rye, barley, potatoes,
wool or beef for fair profit, or has
he kept pace with any of the indus
tries of the country, for the last ten
or fifteen years. Does the cotton
planter produce a bale of cotton
cheaper now at 6 cents per pound
than he did when it was 2 cents
per pound? And it costs him Just as
much transportation and the mer
chants charge him just as much for
No; history repeats itself; that gov
eminent which fosters all other in
dustries and saps the very founda-
ton upon which she rests, will either
tumble down entirely or will have to
stop and repair that foundation.
Let the farmer think of this, and
cheer up. and hold his wool and
wheat Let him keep hay and feed
his stock on fodder, and oats and
wheat straw. He can better afford
to feed his wheat to his hogs, for
which he will always find a ready
market, than to sell it for So cents.
Farm products are selling below
what it costs to produce them, and
there is sure to be rise in the
prices. Don't worry yourselves, the
money kings will soon grow tired
consuming their capital, and will in
the near future be seeking invest
ments on very liberal terms. Lands
do not die, or run away, keep your
farms in good order, and they will
increase in value, and your crops
Ill hri,,rr Won haitian nriaao