The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-11-07

Americas Indebtedness to England
is vast America is in no sense a cred
itor nation. 1t is therefore material to
know that ceasing silver coinage by a
repeal of the purchasing clause of the
Sherman law will lessen money pro-
ductiOn and add to the difficulty of
America ever being free from debt. No
Hessian in or out OF Congress has met,
or can meet this phase of the question.
Point three made by Standish was
that the disparity between the relative
price of gold and silver bullion arose
from discriminating legislation against
the unlimited coinage of silver, and to
illustrate that point he stated that if
food products had to be ground through
a government mill before they could
be utilized, as goldand silver both'have
to be, and there was as much, or a lit
tie more, winter than spring wheat
and the government should shut down
the winter wheat mills they would de-
stroy prices for the time being Of all
winter wheat, and double the flour ex
pense of every man to live, and add
correspondingly to the pockets of those
who had the spring wheat. So with
America; she needs money to pay her
debts, and Great Britain and Europe
hold them, and as the restoration in
such case Of milling winter wheat
would cheaper -four to all living, so
the restoration Of minting all silver
will increase the money supply, and
will lessen the cost of all money to all
the world, and enable America to sell
her products for more money, and more
easily discharge her debts her debts to
Europe.
This same point has been urged for
ten weeks in Congress in able speeches,
and not Hessian in or out of Congress
has met it.
Fourth. Standish claimed that un
limited silver coinage would place US
at the head Of all the silver using ma
tions of the globe, which embrace two
thirds of the population of the globe,
and bring to US great remunerative
trade which now goes to England and
Western Europe. This point has been
and put by the silver men
in Congress much more ably than
Standish did, or could put it, and it
remains uL answered.
Fifth. The claim has been made that
one could vote for the repeal of the sill
yer purchasing clause of the Sherman
law, the only law authorizing the OBJ
tanning of silver for coinage, and still
be a friend of silver, and that this
would be the right and proper thing to
do. No sane man delivers a deed for a
valuably property without the pay, or
a mortgage to secure the pay. No ma
tion ever treated with another and
granted to that nation what it wanted
without having that other nation put
in that same treaty what it was to give
in return for the grant This silver
question has been before tie public for
twenty years. Cleveland and his Hes
sian horde know as well now as they
will ever know on what terms they
will permit the coinage of silver; and
if they are willing to permit it to be
coined on any terms these terms they
will consent to have annexed to there
peal law, and the fact that they are
willing to annex such terms to the re
peal law is proof conclusive to any sen
sible man that if this purchasing clause
is repealed they will never consent to
the restoration of silver coinage on any
terms, and the same motives that now
induce them to stop silver coinage, will
at later date, as soon as they can
muster sufficient force, induce them to
pass another law that no silvt money
heretofore coined shall be used to pay
any debt, and that all the silver certifi-
Gates shall be called in by gold bonds.
Those who oppose silver coinage are
not Americans in spirit, but Hessians,
and should be known by that name
he eater. The reasons for their need
ing this name are these: They require
something to distinguish them, as they
neither Democrats nor Republicans.
Prior to 1895 no Democratic or Repub
lican conyention, State, National, or
county, ever declared in favor of the
unconditional stopping of the coinage
of silver, or of preventing the govern
ment from purchasing it for the pur
pose of coinage until it should establish
some method for it's coinage. They
were both pledged to hold the two
metals, and to eventually make them
standards of money. Unconditional re
peal is holding to only one of the metals.
Hhnso ranealars tharafnro cannot Law