The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-10-03

was puECudS0U dJ Gu0 price d6 WAVCu ~
was selling for in gold, on the London
Exchange the day it was bought. 1t
was paid for in certificates. which GER
~tiicates expressly are redeemable in
coinl These certificates are in circula-
ton doing their legitimate work as
money. During the week the message
was sent to Congress they were selling
at. a premium in New York of from 2
to 8 per cent. in gold. Without them
the pressure now on us would have
been much more severe This silver
when coined into standard dollars will
make a net profit to the government of
over forty five millions of dollars, (off-
cial figures.) Can it be stated with pro-
priety that the silver on which these
certificates was issued and every n
in circulation remains uncoined and
without usefulness" when it is repre-
sented by certificates, which are in use
in every part of the United States. The
message alludes to the shipment of gold
as ''being sent abroad to increase the
strength of other nations" Some
months past an enormous amount of
gold was shipped from this country.
It was written on the walls, it was pro
claimed from the housetops, it was
heralded all over the country that gold
was being shipped, and it's shipment
was caused by the purchase of silver.
1t was suspected then that the ship
ment was a trick, a delusion, and that
it was being shipped for the purpose
of prejudicing the people against silver
and to influence Congress which was
soon to assemble. A large amount of
treasury notes payable in coin, was
offered at the treasury and gold paid
for them. The gold was shipped prob
ably for the purpose of increasing the
strength Of other nations but more
probably to deceive the people. Il is
said that this same gold is now being
received in this country, evidently
showing that it was a trick, a snare, a
delusion. The panic that this gold in
a measure started was too severe and
lasted too long for them. If Congress
had met earlier and Immediately re-
pealed the Sherman bill and then this
gold came in it would have produced a
profound sensation. The parties en-
gagged in it did not attain their end.
They pulled down the wall and got
caught in the ruins, they sowed the
wind and have reaped the whirlwind.
But few tears will be shed for them
when the cries for bread and lamenta
tions come up from the families Of
those who are suffering for the neces-
saries of life, they should "say to the
mountains, fall on us and to the hills,
cover us" from the gaze of a people
they have so greatly injured. Millions
of dollars of gold being received and
the Sherman bill not repealed. Gross
inconsistency England is not buying
any securities in this country, no cot
ton, and a limited amount of wheat at
extremely low prices, alone is being
shipped, hence on no other ground than
as suggested can the return of the gold
be accounted for. Doubtless this gold
transaction was in a measure the cause
of the panic which has been so disas
ferrous to the country. England has
placed the people of India in bondage
to them, for heaven sake do not let the
people Of this country be placed in ser
vitude to the moneyed interests Of the
country.
If the President is right on the ques
ton of silver, then the Democratic
party for the past twenty years have
been wrong, and the platforms adopted
by them have been tissues of deception,
if however the Democratic party for
the past twenty years have been right
then the President now is wrong.
WILLIAM II. OLIVER.
New Berne, N @.