The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-25

his pals, through a law surreptitiously
enacted, drew their pens across this
silver clause and blotted it tout of every
existing obligation calling for over five
dollars.
b And when this, not only Reputation,
but actual forgery in point of fact, was
discovered in 1878, we asked legisla-
ton to restore the original contract by
restoring full legal tender power to all
silver that we had coined prior to 1873,
when nearly every member and Sena-
tor from New England refused to vote
for the restoration and stood out with
every man then in Congress crying for
an honest dollar, and by their vote
tryed to validate and continue in force
the forgery and reputation made in
1874, by which the right to pay in sill
yer every note and bond in excess of
five dollars had been extinguished.
An ounce of silver bullion will now
buy as much wheat, beef, or any other
species of property, except gold, as it
would in 1878, or any time since then,
but by reason of the outlawry practiced
against it in 1878, and the refusal to
restore it to the right of unlimited coin
age on shares for a tenth toll to the
government for printing that existed
until 1878 and always kept the bullion
at par, the demand for the bullion has
lessened and it has fallen in price as
compared to gold, but its intrinsic
value is exactly the same as it has al
ways been; the character and virtues
OF the metal has not changed. The
original demand for the metal cannot
be restored except by restoring to it its
original minting privilege, which is all
that is asked by the advocates of the
Bland bill.
Neither metal, gold or silver, is in
trinsically money, or possessed Of any
debt paying power until laws are made
authorizing their coinage and making
the coinage a legal tender to discharge
debts; until such laws are made neither
can De coined or used in pay ment of a
debt; it therefore follows that neither
gold or silver can be made into money
except in a government mill under
regula ions to be prescribed by law.
In order to illustrate the position
that has been forced upon us by the
repudiating class of the world, let us
assume that the whole bread demand
of the world was being met by the two
crops, spring wheat and winter wheat,
as is the coinage supply of the world
by the two metals, gold and silver, and
the yearly production of each, and the
stock, on hand of each crop was ap
proximately the same, but neither crop
could be utilized for food until it should
be taken to a government mill and
ground into -four for a toll charge and
no one but the government could build
the mill or operate it, and a band of
spectators should meet and plan to
destroy winter wheat and the value of
all winter wheat farms, the same as the
creditor class Of our country and the
creditor class of Western Europe met
in Europe in 1867 and ~conspired to de-
stroy silver by agreeing to secure legis.
lation there and here that would stop
the minting of silver.
In pursuance Of such conspiracy
they send out their agents and pur-
chase up all the spring wheat and at
the same time arrange that in the near
future all the government mills that
grind winter wheat shall be closed.
Having accomplished the purchase,
they can double the price. If the pur-
chase had not been made the spring
wheat would double from natural
causes by a of the winter wheat
being outlawed from use, and while the
spring wheat would double in price the
winter wheat could not be sold. If
you would restore the milling right to
grind up one-half the winter wheat, the
winter wheat might rise in price to one
half it's value, and the price of spring
wheat would sink accordingly, but the
day that you would restore full milling
privileges to both crops, that day from
natural causes, and without any labor
or effort both crops would resume their
old comparative standards of price in
the markets of the world, and after
that had been done the -four from the
winter wheat would perform the same
honest functions in appeasing hunger
as would spring wheat -four, and it
would be quite as honest -four; and the
restoration of milling privileges to the
winter wheat crop, and to- the winter
farm would only be justice.
And so it is with the bullion and