The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1894-01-16
HOT SHOT.
why Not Free Coinagea--This Article
Bristles with Undisputable Facts.

way NOT FREE MS 0A|ASN
Bristles with U~ndisputable Facts.
Unless this country gets free coinage
Of silver, the farmers and producers
will go into bankruptcy inside of three
years. Let me illustrates In 1890,
when the present purchasing law was
enacted, silver went to $1.21, wheat to
$1.1O and cotton to 10 cents. With
silver remonetized, cotton would go to
Is cents, and wheat to 81 80. At these
prices the farmer and planter executed
mortgages, say at 10 per cent. II they
could pay 10 cant at these prices, the
wheat grower at the present price OF
wheat, say As cents, could not afford
to pay one-third of 10per cent. interest,
or 81 per cent. And the cotton grower
could not afford to pay more than one.
half of five per cent but as the money
lender is ~inexorable, he is compelled to
pay the former rate, and as prices
which have been made by vicious
legislation, have taken from the planter
and farmer, their ability to pay, they
are forced from their homes under
foreclosures.
There is not, and never will be, gold
enough in the world to make a sufi
Gent per capita for the people, and
there is no student of finance but that
knows it. But as part of the plan to
impoverish and enslave the American
people, the gold trusts have subsidized
nearly every metropolitan paper in the
United States. There is not n metro
politan journal in the United States
except the DenUer NeWS that dares ex
press it's honest sentiments. OF the
New York papers the Times is owned
In London, so is the Herald The
World is owned by Jews of England.
The majority Of the stock of the Tribune
ia owned in Europe. The San is the
only paper that would be free to advo
cate the interests of the producing
class of this country. The Press of
Chicago is notably ignorant on this
subject, although the editor in chief,
Mr.. Harrison, Of the Times, is we'll in
formed on the subject, and is at heart
q thorough bimetallist but has not the
courage to advocate it in his paper.
The st. Louis GLObe-D Democrat is either
ignorant or vicious. The Republican
is about making a Declaration of hide
pendence. All honor to that journal.
There are about sixteen hundred free
coinage papers IN the United States,
country newspapers, and to those we
must look to educate the people on this
subject. They must talk to the mil
lions of people who have bought farms
and homes IN good faith, going into
debt for a part, with colo anu silver
az money and the prices Of products
good, and then compelled to pay with
scarce money and prices down. These,
if they cannot speak, can feel and do
feel for the iron has entered into their
hearts. Il is a heart question in tens
of thousands of once happy rural
homes.
The United States should have "a per
capita of $50. The government reports
show that we have $24, but as a mat
ter of fact, the per capita circulation
In the United states to-day is less than
s., which 1 a prove to the satisfac-
ton of anyone. The director of the
mint and other officials put out know
ingly and willingly, false statements
regarding the amount Of money in cir
culation. Let me call attention Of
your readers to an article in the No
vember Arena by N. A. Dunning On
this subject, as I have not the space
here to go into figures.
Our population i8 increasing three
millions annually. Our government is
still g, OOO,O 900, OOS in debt which must
be paid in either silver or gold. Can
anyone tell me where we are to get the
gold with which to pay the interest on
the railroad bonds and other debts now
held in Europe2 II seems TO me that
the gold lOrds who hold our securities
should be somewhat interested in this
subject. If We had an absolutely single