The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-10-23

mines their value without reference to
the volume of money in each country.
NUT TO CRACK
The French farmers are out of debt.
the creditors of the government, and
have more gold in their pockets than
any other class, and they cannot price
anything, but. sell in competition with
other nations and take the price re
ceived by the debtor class of other ma
| tions.
MORAL.
When certain classes in different ma
tlons get in debt it compels the same
class out of debt in another nation to
sell at the same price Get out of debt
and keep out and protect yourselves
from competition with those who are
IN debt. Competition of the French
farmers with the same class in other
nations in debt, forces them down.
WHY THE FRENCH FARMERS KEEP ON TOP.
They are out of debt, money is dis
tributed among the people by fnan
clal system that makes them the cred
itors of the nation, having money they
buy and sell for cash and the producers
and consumers are brought close to-
gether and they make their exchanges
40 per cent cheaper than in the United
States, or two billion and four hundred
millions on the output of the manufac
lures of the United States, valued at
six billion dollars.
OBJECT LESSON NO. 2
We have the credit system France
has the cash system. Buying for cash
and selling for cash, losses in business
is reduced to a minimum. In this
country we buy on credit and sell on
credit and losses reach the maximum
The failures in this country for the
year 1898 was greater than that of
France since the civil war In this
country 95 per cent. of those who go
into the mercantile business fail In
France less than 5 per cent fail Where
every transaction is cash and every
dollar guaranteed there can be no
panics, hence in France there are no
panics The cash system prohibits
failures among all but business imbe
Giles. In this country our best business
men go down when the financial storm
comes upon the people. Take from
France thousand millions of gold, as
Germany did, and in short time she
has it all back and she does this by her
cheaper system of distribution.
WHAT THE FRENCH WOULD DO.
If the French nation had our i'm
mense resources and occupied the
United States, she would put a prohib.
tive tariff on all she could produce on
the farm. in the mine and factory in
sufficient quantity to do her and stop
all competition with the debtor nations,
establish a system by which each class
could price their labor and products
and she would continue this until each
nation had established a similar sys.
| tenn. She would manufacture all her
cotton at home, fix fair price. sell
and exchange with other nations at
fair price. She would control the f1nan-
cial policy of the world, push up prices
and reverse the present oppressive Eng
lish credit system that is forcing prices
down and filling every nation with
paupers and criminals.
A SUPERIOR SYSTEM
The establishment of the improved
sub treasury and government postal
banks and the cooperation OF eat b
class, pricing their labor and products,
stopping competition with other ma
tions for gold, will give us system as
much superior to that of France as her
system is superior to ours. The manu-
facturer of all our cotton at home
would add to our exports eight hun.
dred million dollars and give us an i'm
mense increased home market for hun
dreds of millions.
WHY THE FRENCH HAVE A SUPERIOR
SYSTEM.
The French nation have two states,
men and practical businefs men for
legislators. We have corporate attor-
neys, theorists and business imbeciles
for Legislators. French Legislators deal
with conditions and legislate for the
people. Our legislators deal with the
ories and legislate for the creditor class.
French legislators assume nothing but
look for facts. Our legislators assume
that this or that is so Or not so and leg
islate to suit their assumption. French
legislators are.comparatively free from
party prejudice. Our legislators are