The farmers' union. (Memphis, Mo.) 1891-1895, 1894-07-19

the parity between tho two metals?
1t is true that the purchasing power
Of the silver dollar is equal to that OF
the gold dollar. 1t is true that the
silver money is just as good here as
any other. But it is not true that the
two metals are at a parity. The pur-
chasing power of pig silver" as the
Sherman school of tinanciers delight
to call it. is not equal, at the coinage
ratio, to the purchasing power of pig
gold. That is to say, pig silver sold by
the ounce will only bring one half AS
many dollars as can he coined from it,
while pig gold is worth the whole num-
Der of dollars that can be coined from it.
Mr.. Sherman knows that the parity OF
the coins OF the two metals comes from
the fiat of the Government, and that
there is no such thing rs a parity be-
tween the two metals. He knows that
gold bullion is worth the number of
dollars that it can be coined into, be-
cause the mints of the world are open
to Its free coinage. He knows that if
the minis OF the world should be closed
to it, and opened to silver. the silver
bullion would be worth Immediately
the number of dollars into which it
could be coined, while gold bullion
would depreciate in value Just AS sill
YER bullion has done since it was dis
crowned. He also knows that how
ever low the price of gold should fall
under such changed conditions, when
coined by the Government and made
a full legal tender. the coins would
he of the same value prescribed by
law. All of Mr.. Sherman's talk
about parity" is mere parrotry. It is
q transparenc fraud. and Its sole object
is to confuse the public mind, and to
make thoughtless people believe that
he is saving something. In short. it is
simply Mephistopheles bewildering
the student.
1t is fortunate that Mr.. Sherman has
Endorsed the platform of his party in
Ohio on the silver question. His in
dorsement brands it as Il sham. A sill
Yer resolution which he will favor can
only be as Il sounding brass and a
tinkling symbal." He has saved earn
est silver men the trouble of explain
ing the fraud. The devil never drinks
holy water. The party which MAIN
tains parity with Senator Sherman
on the subject of silver, is party hos
tile to its free coinage. under any and
all circumstances. The advocates of
bimetalism must look elsewhere for
the feuition OF their hopes.
How Wheat Rose.
Under Republican rule in 1872.
wheat brought $l.47.
Under Il Republican rule in 1874,
wheat brought Sill
Under Republican rule and Demo-
cratic House in 1875, wheat brought
SLIP
Under Democratic Senate and
Democratic House in 1877, wheat
brought S1.17.
Under Republican Senate and
Democratic House in 1879, wheat
brought $l.O7.
Under n Democratic Senate and Re-
publican House 1881, wheat brought
Sill.
Under Republican Senate and
Democratic House in 1883, wheat
brought $l.O7.
Under Republican Senate and
Democratic House inI 1885, wheat
brought 81 cents.
Under Republican Serate and
Democratic House in 1887, wheat
brought 80 cents.
Under a Republican Senate and
Democratic House in 1889, wheat
brought S3 cents.
Under Republican Senate and Re
publican House in 1891, wheat brought
50 cents.
Under Republican Sena and
Democratic House in 1898, wheat
brought 63 cents.
Under u Democratic Senate and
Democratic House in 1894, wheat
brought 81 cents.
In 1889 the Republicans had Presi-
dent. Senate and House.
In 1898 the Democrats took ccm-
plete control.
Now you can tell which party is re-
sponsible for the rapid rise in the price
of wheat that has so greatly assisted
the farmers ont of deb: and impov-
erished the millionaires. 1t must be
all on account Of tine tariff. Coming
Nation.
'.lBarn Rurners''
Way back in tho l0'S whan Ahol;