The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-11-26

Has NlLuOuG OOuDL ITCdIGu anu cured moro ccm.i y
anything Physician his SUGGEST is a~stonishin1S T VA
have heard of cases Of 90 ars'standingcur b%T we
He publishes vaIuablework on this disease u5ia IA
sends with a large bottle Of his absolute Curn fn ~
any sufferer who may send their F. o and Eynrass.S|
dress. We advise anyone wishing a cure 10 adJSs"0U'
Prof. w. II. PEEkE, F. D.,4 Cedar St., New Yo,S
rise, and prices fall in the same -
portion. If the law of supply md
demand holds good always, in ANN
case 1t is the supply and demand q,
and for money.
If, then, pantcs and hard times o,o
not desirable, it follows that national
banks would have to increase tDoi,
circulation by an equal amount or
contraction Of the available m 7nav s,o
ply would follow.
Now we ask that the bosses shall toll
the people plainly, what will the
national banks use to redeem their
notes with?
1t would require a circulation of 6 O..
O00, 900 of national bank notes to eouaI
the volume of bank notes and green
backs now In use, and we again AK
what shall the national bank note, ha
redeemed in?
Certainly not in silver for the in.
crease III subsidiary bins in 10, Is and
SO cent pieces will use up our sgiguor,
age, and it will require all the silver
dollars to redeem the silver certificates.
and new purchases of silver have been
abandoned, SO that gold, and only gold
could be used.
II the government of the United
States cannot keep a paltry $lOO 0OO,.
600 of gold in it's vaults for redamp,
ton purposes, even when it had a stock
Of 800 600, 600 in gold in the start,
and has bought with the proceeds the
mortgages placed on the lands and the
goods and chattels of the people of the
United States, $3.50, 900, 900 more. how
could national banks keep $500. 600, ON
in gold in their vaults7 Suppose they
did? Where would be the gain? Taey
would simply take $500, OOO 900 of gold
out Of circulation and substitute IN its
stead 5000, 600. 600 of their own paper.
Bat they could not have 500 0 0 900
Of gold IN their vaults, because Chereis
nos that much free gold in tn Uai.ed
States.
If, on the other hand, they had 81
in gold for every So in currency, there
would be 800, 900. 900 of the dreadedW
fiat money in circulation, or, more cor
rectiy, $500, 900 OJO of c~urrencJ, for
national bank ote5 are not aud can,
not be money, unless issued b. the
government.
Il the government is to issue for
banks 5000, OOO. 600, why not issue it
for the people for itself9 If UOl5 Is
wise, then there is no sense in destroy.
inn what we have already Issued.
The plan advocated by the bosses Of
the people involves the issuing Of $780,
900, 900 in b)nos, with which they pro-
pose to buy gold to redeem the green.
Dacks aud help the national banks TO
secure a stock of gold.
That is to say, for the benefit OF
few corporate bodies, the people are to
pay a yearly bounty that ls, interest
on bonds-tO the amount of $25, 60 900.
This plan now advocated by Mr.
Cleveland and Wall street, regardless
Of pas5 political associations, the peo
pie repudta5ed last Tuesday.
Let Mr.. Cleveland and all the lesser
bosses beware how they attempt TO
trample on the sovereign people.
The freeman of this country will not
tolerate bosses or d,ctators R b.
Leonard, in Toe New (VIrglnla) DAILY
sunday, Nov, ION.