The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-11-06

Il DNOAAOg0 VI bAO AHADa 0AO
that would have sold for 1924 in gold
in 1865 will now sell for 81. Gold has
fuctuated in value more thana any other
commodity and is a poor standard to
measure values. Gold is called a uni
form measure of values, by the cred
itor class and their lackies, because
each year it uniformly measures more
of the products of labor.
WHY is OTHER MONEY MADE EDEEMABLE
IN GOLD?
The creditor class have a corner on
gold and have increased it's value 1874
per cent. in % years and they demand
that each government shall keep other
forms of money as valuable as gold be-
cause they have a corner on it. The
promise that each nation makes to re-
deem all other monies in gold creates a
demand for the metal, enhances its
value and enables them to squeeze more
of the necessaries and luxuries of life
into their fixed incomes. Each govern
ment is in partnership with the cred
itor class and engaged in helping them
to rob the people.
DOES THE VOLUME OF MONEY DETERMINE
PRICES?
The volume of money has nothing to
do in determining prices. The corner
that the creditors have OF gold enables
them to fix prices on exportable farm
products. The ability to fix prices at
Liverpool OF u e~xportable products
fixes the prices on the non-exportable
products in this country. The farmers
cannot price the cotton and wheat and
hence competition forces the price Of
the minor products to the level of the
~exportable products. AS the price of
farm products go down their ability to
purchase is decreased. This compels
the manufacturer to sell cheaper and
cut down wages. andlabor and invested
capital fight like two Killarney cats.
The price of cotton and wheat at Liver
pool fixes the price all over the world,
and India, with So per capita, receives
as much for the same grade of wheat
and cotton as the United States with $25
per capita, and French exporters sell at
the same prices as other nations with
one-fourth the volume of money. If
the volume of money determined prices
the United States should receive eight
times as much for the same grade of
cotton and wheat al received by India.
India with So, the United States with
$25 and France with $50 per capita re
ceive the same price for the same
grade, and if we had 800 per capita we
would receive no more for our prod
ucts.
Financial reformers should make a
note of this and assist in educating the
people to co operate politically and
place themselves where they can fix
prices on their labor and products. Our
exportable products are priced at Liv-
erpool in competition for gold to pay
interest on a mountain of debt. The
issue is, shall this corner be broken by
placing each class where they can
price their labor and products, or shall
the price be fixed in sLiverpool in com
petition for gold, forcing prices down
and squeezing more of the ~necessaries
and luxuries of life into their dollars
and incomes. We have the remedy in
the sub treasury. No other system has
been formulated that will enable the
people to price their4abor and products
SO as to receive their share of the out
put of wealth according to merit. If
this remedy was pushed to the front
and discussed for the next two years
the people would be sufficiently edu-
Gated to make this the issue in 1896 and
elect a Congress and President, and in
1892 we would chrystalize one measure
into law, and prosperity would cover
this country as the mighty waters
cover the deep.