Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1894-11-23
FINANCIAL
TRUTHS.
Senator Stewart Writes the Mercury
A Letter on Finances.
(rexas Southern Mercuryo

Will the people ever learn what makes
hard times? Will they ever find out that
when money is scarce it will be dear. and
that when money is dear, property must
b. cheap? Every farmer and every pro-
ducer wants good price for what he has
to sell. The owners Of money feel the
same way. They want money dear be-
cause it is their property. Money chang
ers want moneyto increase in value as
much as the planter and the wheat grow
er want cotton and wheat 10 bring high
price.
Suppose farmer had the power and
was wicked enough, could he not raise
the price of his wheat or his cotton by
destroying one half of all the wheat and
cotton in the world except his own? The
money combinations had the rover, and
were wicked enough. to destroy one-half
OF the metallic money of the world by the
decentralization Of silver. They did not
destroy their own money, but took ad
vantage Of the knowledge they had Of
what they intended TO do and bought
gold and silver. so that by the destruct-
ion of silver they could destroy other
peoples money and keep their own.
Every dollar in gold will now buy twice
rs much property as II would before the
com birat,on destroyed silver. The en-
HANGED value Of money has caused cor
responding decline TO the price OF wheat
and all other property.
Senator Sherman secured for the gold
com animation, in 1875. the rejection of
silver as a money metal by emmitting
the silver dollar from the list of coins in
the codificatlon Of the mint laws Ws"'s
the fraud was discovered it was apph,".
ed by the republican party by refu>...
TO remonetize silver, and contlnu,n:: =
recognize Mr.. Sherman as their tinan.
leader, and by the votes of three-fOnt,''>
of the republican members in the ~"
houses OF congress against every attcmti
to restore to silver the right of coinage
which had existed for thousands of years
previous 20 the crime Of 1873, demonetlz-
ing silver. The great mass Of the demo-
cratic party for many years denounced
the robbery of demonetlzing silver, and
promised coinage of that metal upon the
terms and conditions applicable to the
coinage of gold until the people believed
they were in earnest and elected Mr..
Cleveland in 1884 on a free coinage plat
form. After his election Mr.. Cleveland
hands of The gold combination. The
power and patronage of his great office
| enabled him TO recruit the forces Of the
gold republicans with a sufficient mum ber
from the ranks Of free coinage democrats
TO make the triumph of gold monopoly
complete and bring misery to the home
| of every laboring man and every pro
| duoer in the land. Cleveland democracy
| and John Sherman republicanism are one
| aad the same on all financial issues, and
both do the bidding Of the national banks
and the great banking instltutions OF
Europe. with Rothschilds ut the head.
The names Of the repu blican and demo
! cratic party are used to deceive the peo-
pie and make them believe when they
are voting for one party that they are
voting against the wicked policy of the
other, and whichever gets coatrol OF the
government the Rothschllds' party is
in power to make war on the people by
standard contraction. The only differ
ence between the two old parties, is, who
shall have the offices. The leaders ,aod
stump orators of both the old parties are
now telling the people that the distress
of the people. that the distress of the
country results from the ruinous policy
of the other, thereby assuming that the
two wings of the gold party have diff.
ferent policy on the paramount issue.
The tariff is, by common consent, of both
the old gold Larties made the parameu Mt
issue. Each party promises to make
times better by tariff legislation; but the
more either party legislates on that sub
iect the worse the times become. Falling
prices make hard times. Times are AS
bad in every gold standard country in
the world as they are in the United
States, because prices are falling in every
gold standard country to conform to the
diminished volume Of money. Times are
good in every silver standard country be-
cause prices are not falling. Tariff leg
islation in this country cannot make fall
ing prices and hard times all over Europe:
but contraction to the gold standard can
and does The same cause produces like
effects wherever gold is the only money
of ultimate redemption or payment. The
attempt TO relieve the universal distress
in all gold standard countries by tinker
ing with the tariff in the United States is