Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-07-05

country as in America. Referring te
to the causes of the depression in Eu
rope and America he said:
s.In my judgment, the silver ques
tion has great deal to do with the
situation and is largely the cause ot
| the agricultural depression which has
| been the most painful development ol
| the past winter, tho continued fall in
the price of wheat being utterly disas-
trous to the agricultural interests OF
Europe. Since the repeal of the Sher-
man bill in the United States, preced-
ed as it was by the closing of the nints
in India to free coinage, silver as we'll
as what has had severe fall in price,
stated in the terms of gold.
The Indian farmer who receives
pay in Liverpool in gold for his wheat
has been able to buy with it during the
past ten years an increasing number of
silver rupees with which he has paid
his debts in India and the hands who
produced his crop of wheat in that
country. This constantly increasing
number of rupees that he received for
every pound sterling that he got for
his wheat was constantly increasing
premium upon Indian production of
wheat and likewise the increasing is
sues of paper money by the Argentine
Republic, and the rising premiums in
gold in that country gave a correspond
ing premium to the South American
wheat raiser, and between the two,
London has been flooded with wheat
from an Increasing area of production.
and the European farmer directly and
the American farmer indirectly have
been crushed and almost bankrupted. ="
Another eminent man speaking up
on this subject said that instead of ov-
reproduction being responsible for
the fall in prices, statistics show that
the production of wheat has decreased,
although the prices have, and it is
farcical and ridiculous TO attribute the
fall in prices to that cause. The real
cause, he said, was the demonstration
of silver in 1873 and the subsequent
divergence of the relative value of
metals which enabled the silver using
countries like India to export wheat
at the present low price,
The following from the Washington
Post is somwhat in the same strain:
That the double standard is max
ing great strides in British favor and
opinion no careful observer of current
'events need doubt. Nothing could be
more unmistakable than that the finan-
ciers of the world are both astonished
and alarmed at the failure of monomen-
talism to secure commercial rehabil-
itation and general prosperity. The
demonetization of silver of India has
paralyzed British trade with that vast
market. The dethronment of the white
metal in the United States has finally
inaugurated the regime of the single
standard, and now throughout the
mercantile and monetary world the
harvest of stagnation and disaster is
complete
We hope the people will investigate
and continue to turn the rays of light
on the darkened vision of their servants
at Washington, and demand of them
the speedy reconciliation of silver as
one step toward old-time prosperity.
An international settlement of the sill
yer question would be all right, pro-
rided it could be done at once, and the
ratio not increased in the interests OF
the creditor class. The people should
refuse to wait for an international set
tlement. 1t is the business of Congress
to ..coin money and regulate the value
thereof We don't have to ask other
nations to allow US to exercise our con-
stitutional rights. Congress could take
the brakes off the wheels of commerce
if it would. Will it do it and let pros
perity return, Or will it continue to
fiddle and, and plunge the industries
of this country into irretrievable bank
ruptcy ?-St. Louis Journal Of Agracul-
ture.