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

against the protests of the Democrats
then in operation and Of every honest
man of any party. The Democrats,
now in full power, instead of fulfilling
their platform promises and forcing
the repeal of the Sherman act are DIAL
lying and junketipg with the Wall
street gold bugs, and the organs of the
party s~hamelessly and authenticity
declare that the main reason why
| Cleveland does not call an extra ses-
sion of Congress is because he fears
that in the present state of feeling the
Sherman act would be repealed and
that he is in hopes that before next
fall such manipulations may be made
| that limitation and free coinage may
be prevented, and that a currency con
trolled by the banks and based on
bonds, State and National and or gold
may be secured and put into circula-
ton and silver and greenbacks per-
manently demonetized.
1t is a plan by which the bankers and
brokers propose to retain and continue
their present absolute control of the
currency and to contract and expand
it's volume to suit the interests Of the
money kings. This scheme, if success
full secures the permanent supremacy
in the United States of the bankers,
spectators, special privilege corpora
tions and the money lenders. The is
sue is being forced upon the people and
it will rend and dismember the old
parties to such an extent as to remind
| old politicians Of the days of 1852 to
| 1860. The issue is bound to come, when
it does will the Democratic party stand
the test and remain true to its tradi
tions, antecedents and history? Will
1t demand a currency with the mint
mark of the people, and I. S. coin, or
one with the signature of a President
Of a bank or corporation to whom is
given the prerogative Of issuing money
as through the sovereign power that
is vested in the whole people and that
cannot be properly be delegates with
out violating the constitution, Con
gross alone can coin or make money
for the people.
There are grave reasons for the fear
that the issue has been made and that
Wall street has taken hold of the Dem
ocratic party to control it as it did the
Republican. Better things were hoped
for but the present signs are OminOus.
The demonstration of silvershas resu.-
ted III wide spread disaster, has added
to the debts of the farmer and dimin
ished his income. The prices Of pro
duce have been forced down while in
terest and the price of gold has been
forced up and consequently the debts
of the farmers increased in exact pro
portion to the price of gold, the only
legal tender for debts.
Wall street is evidently embOldcned
by it's power and present success. Hav-
ing secured control Of the Republican
politicians, the aim now is to pressintO
service the President and the Demo
Gratis of New England and the North
eastern States. The result will be the
Republican party will be laid out as
dead as Hector, and the Democratic
party will be split in two with the
great mass Of that party West and
South Of Pennsylvania The Demo
Gratis postponed this question to make
way for the tariff; now the tariff is
put behind them, and the money ques
ton under Wall street prestige CON
trolls their action. The issue cannot be
further postponed and the signs of the
times clearly indicate this. The people
of the West and SOuth-the farmers
will have a national currency or a new
deal and a new party. 1t is doubtful
now whether even the free coinage Of
silver will meet or satisfy their de-
mands. There is a large body OF able
and earnest men who demand a coin
cheaply made, flexible and with it's
amount and mode and terms Of dis
tribution among the people, fixed by
the people, through Congress, and not
by the banks, gold or silver bugs, or
'Tmoney lenders. These schemes of Wall
street may have raised a ghost, they
cannot lay, and may in the end bring
about the domonetization of both gold
and silver and find them remitted to
their appropriate place as mere com
mOdities worth nothing as money.
J. D. WOLFE.
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