Mohave County miner., 1893-03-18


silver bullion and having IL, st a small
cost Tor mintage. turned into rupees
supposing wheat to be worth in India a
price which before the decentralization Of
silver in the United States would have
been equal in United States money 10
one dollar bnshei, he can buy Tor his
one hundred Thousand dollars 1877 900 or
90 bushels of wheat. Thus he finds i,
to b- immensely to his interest 10 de-.
preciste AZ gold valuation silver In the
United States. Ii the British financier
can dspreciate the value Of silver at a
god valustion he can say to the Ameri
can farmer, "Unless you sell your wheat
ataprice which competes with the price
Of wheat IN India, he will no, buy your
wheat"
Let IL here be further remembered tina,
the price OF wheat in London, to a larpe
extent. Influences the price Of wheat
throughout IN Uniiei States Although
farm workmen IN India receive az wages
bni small fraction OF the amount which
an American workman receives, Vet
before silver WIS demonetized In the
United States, Indian wheat was only
exported in very small amounts TO Eng
land. Bat when the English nerch ant
fonni th,t the Unite States govern.
ment bad made AN error in its financial
system. by taking advantage Of which
he could affect the price of silver bullion
"a measured by gold valuation. and
thus have bounty given him for buy-
ing wheat in India instead OF the United
States. bounty Of some thirty or more
cents. he naturally ceased to buy wheat
in The United States, unless he could my
itata price which was very low com
pared TO what il would have been II the
United States government were nsing
IL irfinence hy freely eein,ng silver TO
maintain its relative valne 10 gold, as
Great B,i'sin through the Bank o' Eng
an I used iis inf ience 10 dnpraciaia the
gold vaue OF the White metal In the
wear 1878 I,dis exported only 755. .485
bushels Of wheat, which we're valued al
sa16.093 But in the year 1887 India ex
por'ed Al .55s, ,239 bushels OF wheat, val
ned ~ SAL .55S.23
One Of the greatest wheat. .-prodncirg
ronntries in the world il Russia In
Russia silver ~ the nit of valua Rv
the lowering OF the gold valuation Of sill.
vera bounty j. given 10 English mpr.
chants, not only 10 huv wheat in India
~ preference to hnying il in The United
Stiies. but 10 huv il in Russia, and in
any ~ the silver-nairg countries of the
world L., /, here ne remain berel that
between eight and nine hundred millions
If paople in the worl6 nse silver Above
az their unit of valne.
The farmers of ihe United Siases are
surprisingly well ednra,ed, taken AS a
whole. MANY III them take periodicals
ard looks and send their children 10
srhonl. They have formed what are
rslled Formers Alliances --one Of the
oijacfs of Hhich is 10 bring abont legis-
lsiion bv which silver in The United
States. which was demore'izsd IN the
wear 1873. shall be as freely coired in the
United States az it WAS FOR the first
eighty one wears Of the history of the
United States.
cotton The people Of The Southern
States have lost. II il believed. hundreds
OF millions OF dollars nv the demoneiiza-
ton Of silver, in8smnch ~ the British
merchant has been enabled by buying
silver at reduced aold valuation IN the
United States To- have IL coined into In
dian rupees, ard with these to purchase
Al a greatly reduced price vast qnan'i.
ties Of cotton in Indi,. and thus to affect
the price OF cotton in the Southern
States. In short, the interest OF a GER
tam class Of financiers are opposed 10
the remoueiiz ,tion Of silver in the United
States
The Amerfcvn farmer az he under
srands The great principles Of fioance
that beu-ficaIlv affect hia interest. nat
nrsllv ies,rrs the United States govern
men' ~ ,,se silv.~ 80 we'll "a = Id "a the
uni' NJ United States dollar John G.
H.n,irr-,r, IN Osarl AID Nor'hiy.