The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1895-04-19
A Double Ring toIsA

o letter from President Cleveland
alks with solid sense on the silver aues-
ion. We publish the main facts: ~
'You call The attention of farmers and
wage -earners to the fact that the exist- |
ng prices, while enabling them. 10 sell T
their products and labor at higher prices,
will cause them to pay equally more for
what they may purchase, but you neg-
lect to say that your statement is not
applicable to odebSs. f.,u ,,..,...,i
with prices coming down regularly |
and steadily since the demonetization OF
silver, our merchants, manufacturers and
people generally have been doing busi.
ness on falling marketso that the time
intervening between the purchase OF
their merchandise or raw material and
placing it, months after, on the market,
has removed the margin they would have
otherwise. This .shrinkage in values.
added to the ordinary risk and expense
OF business, has led to an everncreasing
debt, to q money lending period, until it
has increased all told public and private
to about 81. 900 ,0afl, 900, !or about two
thirds of the total value of NIL the prop
erty in the United States; money and
the debts payable in money have been
steadily increasing in exchangeaDle, val
ue with the property OF the people. A
debt OF $1,000, that 1000 bushels of wheat
would have paid 10 years ago. now re-
qulres the farmer to give up 5000 bushels
in exchange for these dollars with which
to pay the same debt --.;.,z.-.-----
The debts in existence are principally
old debts or renewed or refunded debts,
or new debts contracted to pay old debts,
or debts the people have been forced to
contract by reason OF the continued de
cline in prices. .z.E:e.4 g~a -55s.i-tt 't g.
"rhe owners OF products must now
lgive uptwice as much property to pay
taxes as in 1873. Seventeen thousand
bushels OF wheat would have paid the
president salary Of -. 900 in 1878, and
| it now requires 10000 bushels Of wheat
to pay the. annual salary of SO. 900.
Taxes have increased as expressed in
dollars and have doubled and quadrup
led as measured in the property they
surrender with which to pay 1t since
1873. .s-,55t.- .s=..E lss5
We have constantly pointed out to the
people the ever increasing exchangeable
value OF these creditors dollars, and the
reason why it was increasing, but the in.
fiuences OF these creditors have doninat.
ed your administration and you Insist on
sueE currency as they have established
4 as sound currency.
''Ii it ia an injustice TO restoe prices
so that the people can exchange their
property for q sufficient number OF dol
| Iars to pay their debts and bring happi-
mess and prosperity TO cur 'and. then it
was greater injustice 10 destroy the
Salne Of property and enhance the value
Of money by the demonetizaiiou OF silTer
and the establishment OF single gold
standard, so that when you call the al
1
o the fact that rising prices will make
him pay more for what ae buys, you
should at the same time call HE atten-
lion TO the fact that it won!d enable him
to pay his debts, free from bondage in
which he has uniustly hsen placed and
again make him the owner of q hone
and free and independent citizen. You
might further say to him tha. rising
prices cause money 10 seek investment,
and wonld thus open ur the channels oI
commerce and trade, and give employ
ment tc millions nov idle.
"Itis not more money se want to
borrow, but to pay of what We already
owe. The more we borrow, The more we
must pay, and the annual interest on all
other debts, and would likely meet with
vigor the annual profits of business and
products.
''By adopting the European policy we
have increased the demand for gold and
its exehsugeable value. and aE money
based thereon with other property. We
have aided them in the adoption Of q
single metal for primary money that
| they can control and corner. and they
have cornered and forced you to so TO
them to get it Al their own prices 10 gus
tain the credit OF this great and resource
ful nation. We submit t1a; this policy
should be abandoned and onr mints
again thrown open to silver las they are
now to goldl aud our stock.of primary
money increased there by"