The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-05-08

the past for they are the concomitants
OF our competitive system when the
business mans watchword is the devils
axiom, ''your misfortune is my oppor-
tunity." The golden age of peace and
good will to all mankind will be estab,
lished on earth and none will know
what it is to want for the necessaries
of life. This system will protect in
vested capitakand labor alike and each
will be better rewarded than now. 1t
will dump the gold of the world into
the United States unless other nations
speedily adopt the same system.
Money will seek investment where it
receives best inducement and is pro-
tected, and this the sub treasury sys-
tenn furnishes. This system will benefit
all classes and none will be impaired
by the change. Those engaged in
banking will receive a better incre-
ment from their money invested in the
farm, mine or factory than under the
present panicy system. The creditor
class will find themselves amply COM
pensated by the change, giving them a
better inducement than now received
in interest and assuring them and their
descendants prosperity in the future,
which they cannot have under the
present system.
It was the credit system that concen-
trated the wealth of ancient nations
into the hands of the few and in the
end destroyed them. When Rome
went down the 300 men who owned
the whole known world lost their
wealth and this was true of all great
nations of ancient times. Like causes
will produce like results. Continue the
present system and our civilization will
go the way of all ancient civilizations.
Kill the goose that lays the golden egg
and you will have no more golden
eggs. Crush labor that produces all
wealth and you destroy values and as
credits are based on values they will be-
come worthless.
AS money congeets to centers, values
shrink, labor is thrown out of employ
ment, margins of profits wiped out.
Continue this system and you will de-
stroy all values on which credit rests
and they become worthless. God has
so ordained it that whatsoever is to the
interest of one is to the interest of all
and this law cannot be persistently
violated without involving labor, in
vested capital and the creditors in
ruin. The first to suffer is the en-
ployed industrial masses, the next is
the farmer and mercantile interest,
then the manufacturer, transportation
companies and banking are involved
and the creditor class follow in their
wake and all are involved in common
ruin. The sooner the creditors recog,
nize that their credits are based on the
value of invested capital and the value
Of invested capital depends upon the
ability of investors to give steady en-
ployment to labor and pay good wages,
the better it will be for them and all
concerned. AS wages and values de-
crease, interest on money must decrease
and history confirms this. The nation
must be speedily educated to the CO.
operative idea and the minds disabused
of the fallacy that there is conflict of
interest between labor and those who
give them employment. Prosperity
can be reached by political co operation
of labor and capital crystalizing into
law system that will enable each to
fix a price on their labor and products.
Politically unite the laborers, farmers,
miners and manufacturers and success
is assured and an industrial system
will be speedily established that will
bring prosperity to this nation such as
the world never witnessed before. There
is glorious future before us; we are
at the Saturday eve of the old cOmpu-
tation system and soon the Sunday
morn of the new dispensatiOn, the CO.
operative, will dawn on this nation
bringing glad tidings of great joy to
all. We have every faculty and all we
have to do is to cooperate, reach out
and take the necessaries and luxurles
of life. God is more abundantly able
to give than we are to receive, and he
has stored in the soil of the United
States sufficient to supply nine hun
dred million souls the necessaries and
Iuxuries of life, and he has endowed
us with the ability to get it out. Let
all classes unite, politically, and speed
lily crystalize into law system that
will secure to all a fair share of the out
put of thu farm, mine and factory and
the sun of nrosperitY will rise on this