The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-08-25
SILVER AND COTTON.
PLAIN WORDS TO SOUTHERN
PLANTERS AND FARMERS,
Why the Price OF Gotten and whsst h
Regulated BY SILVER. Figures which
Must Certainly Convince shs Asfi:
cultural biasssa;-fhs CoiAMoa
interest OF all Producers
in the Cause OF Free
CojnAee.

AAteAPsN % 80 6EUoug0EB
in the Cause OF Free
Coinage.
To the Farmers Of the United .Stases.--Ar,
you In deep financial distrcssi You certainl,
are. Whyi This 10 the reason:
The average price OF wheat In India Is q Ii
bushel ID ID cents In gold, equivalent 10 20it
IN silver total cost In Liverpool, el.37k Ii
silSeE
How has the Englishmari paid for thisi i
is a story Of but few lines, and yet 1t l. th,
' siilr Il L limited in india at ,ps ratio ii i.
70 !, consequently one ounce 81 silver cola
$l.31lS, which is legal tender for ill dcbts Of
Whatsoever character within the realm. 6inc,
the decentralization Of silver In the Unitet
States, and prior to the late action Of the In
dian council In closing the mInts 10 individual
free coinage, the Englishman purchased II
ounce Of silver 10 the London market 1t, saJ
II to any Of the seven free-colnage mints o,
India, obtained si.37lls In coined rupees, and
with. these paid for that bushel Of wheat lhd
the freight. Id other words he bought thai
bushel 81 wheat laid down In Liverpool for Z.
cents. the price Of oRc ounce Of silver. YOU
compete with this, since Liverpool makcs thu
81 D' sd 81 A s?"S y ySS + ss ss
must be laid down In Liverpool at the same
price, which Is IS cents at home, Is cent? In
Chicago, 15 cents In Liverpool.
The Indian farmer pays Sill Of his dcQts
with his bishel Of wheat-you cYn pay but \,
cents with your bushel, and this 10 the story
Of your ruin :.
Have yod i REMEDY, Yes.
10 THE COTTON PLANTER.
The average price OF cotton per bale Of $50
L.. Id l. Ill l. @. 80
to Liverpool, 20 cents In gold, or, In silver
tl.3o. Total cost per bale In Liverpool In
silver, t62.Si.
How was this paid fort Another simple
story.
The Englishman bought 4GiS ounces Of oil.
Yer In the London market at, say the present
price ~ 10 cents per ounce, which eoincd
He therefore paid but 4Gls times 10 cents fot
his bale OF cotton delivered In Liverpool
lie paid tS4S7-the price Of 46if ounces Of
silver.
The Indian planter pays t6l. 4s Of his dtbts
with his bale OF cotton-you pay but t3l. IS Of
debts with your bale. and the freight 10 Liv-
erpool consumes the balance.
And this 10 the simple story Of your ruin.
Have you remedy! Yes.
Free coinage In the United States al the
me-honored ratio Of 10 to l will put that
ounce Of silver the world over from 10 cents
TO sl.2p
Then what does the Engllshtnan pay for
that bushcl OF whcati Just 30, instcsd Of
IS cents, which Will then he the cost Of silver
per ounce What does he pay for that bale
OF cotton! Just 4B,< ounces multiplied by
l.29 per ounce, or s60-- because Of free coin
age solely.
There Is no change whatever IN this man.
ner OF competition with you, except that the
minis IRE closed against individual collage,
and the Indian government requires the Eng
lishman TO pay rupees ut about the present
price OF silver. with which TO pay for his
wheat and cotton. Carefully study these
facts and figures so that you may hereafter
know why your panic prices continue 10 cx-
ist, and then ask yourself whether or not you
ere interested in free coinage.
While this Is but story OF bushel Of
wheat and bale of cotton, II Is, likewise, true
Of every competing product which grows on
mother earth, or il quarrlcd and mined from
the bowels OF the earth, except gold itsef.
Can the United States maintain free coin
ngef This Is one OF the greatest, Richest, and
conditions right-thc most prospcrou, ma.
ton on the globe. Horace Greeley repeated
" said. The way 10 resume Is 10 resume"
In lsi3 Congress passed single act Of re-
sumption, effective January 1, 1872. By this
act 1t lifted s10o, oct, 600 Of paper currency
from partial degradation to = parity with
gold. The direst predictions were hurled at
the government by the timld for this action
rs resumption day drew nigh, yet the OBJECT
lesson passed Into oblivion foriy-clght hours
after II was undertaken.
These currency millions were simply
'promiscs 10 pay and intrlnslcaiiy were
worth but the price Of paper per pound.
Then the United States had but %0,O0O,000
people; er, 600. O00. 900 OF valuation. With
per cent credit basis. Now Il has S,OOO, OOO
people. valuation Of 6j,0oo,0O0,0oo and u
credit basis OF . per cent.
The problem before you, that when the
government so easily raised 500 90, 900 u
currency with no intrinsic value whatever, TO
a parity with gold. In 1917, without creating .
ripple, what cannot the government do to-day
by simple Ia. In raising silver dollArs 10 an
equal parity. when its intrinsic value 10 nj.
ready GO cents m commodity alonei
with free coinage at the present ratio, the
demand will always equal the supply, and at
81. 20 per ounce, Aimee all will 20 into the
minis for coinage. which IL not used 10 the
arts and bought by foreign countries. One
thousand million dollars OF silver certihcates
added To the prrsent circulation would Be but
els per capita additional, and the vacuum Of
to-day would absorb IL 40 quickly that the
country would but give sigh Of relief a. the
the thought Of n millennium, aud even then
the United States would have 10 per cent
less circulation per capita than france-a
country containing onc-fourth leaa area than
the state Of Texas alone.
Would this country be dumping ground
for foreign silveri Unfortunately no. be.
cause India colns nj sl.3,ii per ounce, while
France and the Latin union cola n d.
per ounce, while the United States coins AT
makes lcss money per ounce by putttng Ia
more silver. II would cost foreign countries
IRON To cents per ounce loss TO ship 10 the
United stAtes for coinsgc. Bcsldcs the money
OF all nations Ia circulating among lis people
aud could not he gathered for shipment.
There IL but Que thing which foreign coun.
tries or people could do with oliver after
coining Il here, and that IL, To buy the pro.
ducts OF this country or It's securities, and
who 10 there that would not sing praiaes. par.
tleulArly nj this time, for such bcncnceneei
u the prcss reports arc reliable the repeal Of
the bank tax will be offered as n panacra for
Jour Ills, and as a substitute for the uncon.
ditlonsl repeal Of the Sherman law.
Il II not scif.rvldcnt from the above fact.
and figures that the repeal Of tho bauk tar
cannot help the prices Of your wheat ind cot
toni Cannot you sec that your only curr I.
to advance the price 81 silver 20 that England
cannot buy II 70 cheap with which W srtilr
fot Ia purchases In indiai For every penny
gain In the value ~ sllyrr your products will
increase In value accordingly. How can you
more effectively bring this about than BY IN.
sistinE that your congressman shall vote for
free coinage, which has served this country
for seventy Ave ycar.i
Why should state bank issucs, however
abundant, help you IN your rforh Ia advance
the valnrs Of your proinots' The drmoncti,
nation Of silver 10 costing the soil proIucsru
not Ices than t1to. O00up0 per annnm, while
10 the silver miner. 81 tho rntirr country Il Il
loss 81 but 81 ,00O, 900 per annum.
These farih make II imperative that tho soil
producers should br the great and leading
champions Of free coinage. A recent Senate
oofnmlt,e- has reported that tho mining oI
silver coats about ti 10 per ounce, yrt tho
Eastern press tells you that there 10 large
pront In II nj present prices.
Strange. why National Cordage and Read.
Ing arc preferred 10 silver iniocs, No, There
10 but one remedy, and there should 10 Nc
iporr msk-shifts. iiy striking out the eleven
surrrp,iiious words placed In the coinage
laws VI ls15, this people will once more bs.
come united. prosprfoa. aud happy Dsm
ocraiie farm0 In Atlanta Constitution.