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

our mlnts for coin worth one hundred
cents on the dollar, it follows, Of course,
that he will not stop, on his way to the
mints, to sell it, to some smart Aleck,
for sixty cents, or any sum less than
one hundred cents, The monumental
ass who would sell thing for less than
he could get for it, never, in the due
course of nature, will have any silver
bullion, or anything else of value, to
sell. If then free coinage will make
silver worth one hundred cents on the
dollar in the United States it will at
once be worth one hundred cents in
Europe. Why? Because Europe does
not produce one twenty eighth part of
the silver crop of the world; while it
imports thirty odd millions annually
from the United States. Europe pro
duces 81, O16, ,314 of silver every year,
while the United States in 1890 mined
$40, 485, ia, and Mexico, the next larg
est producer, mined $50, 900, 900. Hence
the United States and Mexico put forth
$120, 100000 in 1890 against Furope's
100000. If now, when Europe comes
to our ports to buy silver, it finds the
white metal is worth 100 cents on the
dollar, because it is exchangeable for
100 cents on the dollar, it would have
to pay 100 cents on the dollar or go
without. Nothing is clearer than that
But it cannot go without. Silver, as
subsidiary coin, is the money of the
common people Of Europe; the money
in which wages are paid and food
bought. The owner of Mexican silver
bullion will not pass by the doors of
the U. S. mints, when he can get 100
cents, and slip his silver to Europe to
sell Ii for 80 cents. The moment silver
is worth 10 cents on the dollar in the
United States it is worth 100 cents on
the dollar all over the world The
passage, by Congress, of q free coinage
act, of two lines, would solve the whole
financial problem, release the people
from the grip of the money kings, and
produce universal prosperity. Why
will Mr.. Cleveland not help to bring
about this result2 Simply because Wall
street.-the money poWer-the Plutoc-
racy-own and control both the old
parties, and will not permit the people
to $50 free" In our corrupt conditions
a: degenerate times national politics
cannot be carried on without immense
supplies Of money for campaign ex-
penses; and these cannot obtained from
the struggling, impoverished multi
tudes; they must com9 from the great
money centres, where the plunderers
of the people congregate-and the
chiefest of these centers Of robbery is
Wall street.
In the meantime the western Demo
Gratis and western Republicans are get
ting their eyes open. They begin to
understand the horrible game which is
being played, of which they are them
selves the spoil and the victims. They
are to be held quiet, by appeals toparty
pride and party fidelity, while their
possessions are stripped from them, to
enrich strangers and foreigners. The
whole land is in turmoil; and men are
thinking harder and deeper than they
ever thought before in the course of
their lives. Let US hope that the path
of suffering will lead to the redemption
of mankind from the grip of the new
slaveOcrats. But, in the meantime, let
all true reformers stand firm. The
night is passing away.
IGNATIUS DONNELLY.
RESOLUTION OF BEACH CLIFF