The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-08-06

forced to usa -four or starve.
And the same is true of cotton. Cot.
ton is a little higher now than when in
the hands of the hands of the farmers.
Why is this7 Simply because the
bulk of the cotton is out of the hands
of the men who made it, and In the
hands of the monied combines, syndI-
Gates and trusts; and the speculators,
! the bulls and the bears, are waglng a
war against each other, the one trying
to get the better of the other. But
these rascals are also In a trust, d
when the fight is over and the price OF
cotton goods is enhanced to the con
sumers the world over, fire the signal
gun. send us the signal rocket, call OH
their bloodhounds until the mex crop
ia ready for market; then they press
the trusts prices down below the COST
of production and transportation, buy
the crop and begin the same old bear
and bull fight over again, to the death
of the farmer and the consumer of cot
ton goods.
So you see cotton is not higher than
to day because the country is more
prosperous, but because it is out of the
hands of the producers and into the
hands of the manipulators, spectators
and monied syndicates, whose purposes
are to make money for themselves and
enhance the price of cotton goods to
the consumers.
Cotton and wheat will advance in
price when the world increases its stock
of redemption money, and not before,
uulr IS there should be short crops. OF
conrse, the more cotton in the world
the lower it will be, and the less cotton
in the world the higher it will be, all
thugs else remaining the same.
The laws of supply and demand ap
ply to cotton, wheat and money all
alike. Increase the amount of cotton
and wheat and let the amount of re
demption money remain the same, and
of course you reduce the price Of both
cotton and wheat.
Decrease the amount of cotton and
wheat and let the amount of redemp-
ton mony remain the same, and you
increase the price.
Let the amount of wheat and cotton
remain the same, all things else re-
naming the same, and then increase
the amount of primary OF redemption
money, and you at Z C increase the
price of both wheat and cotton. Then,
under the same conditions, reduce the
quantity Of redemption money, and
you at once reduce the price of cotton
and wheat. OF course the same rule
on the law of supply and demand ap
plies to all other commodities. And
this is just what the Republican party
and the Democratic party and Europe
did when they destroyed one half of
the redemption money of the civilized
world, by demonetizing silver. Mr. Car
Isle, in his Memphis speech, made the
glaring and untruthful statement, that
silver was not, or had not been demon
etized, and was as much money to day
but that the bullion only had deprfc CT
ated in value. And no one living knew
better than Mr.. Carlisle, at the same
time, that silver to day in this country
is not money, and only passes because
the government redeems it directly or
indirectly in gold. He and his masters,
as we'll as John Sherman, call it a fifty
cent dollar, a dishonest dollar. 1t
passes for a dollar. Why's Because
the government redeems it in gold, as
it does all credit money. A piece of
pine bark or tissue paper would pass
as well under the same conditions, if
they were as durable. The only money
to day in the United States is the 5000,
600. 900, or the $500, OOO, 600, or the $780,
600, 900, rs the case may be, of gold.
And the only money to day in the
world is the a 900 600, 900 of gold. Add
to this 81. 0 900, 600 of demonetized
and you at ono almost double
the value of the property of the world.
All other so called monies, such as
silver, bank bills, are
credit money, which adds nothing to
the value of property, Or the value of
labor, or the products of labor.
The two old parties, through their
leaders and partisan papers, may pro
claim to the world that this country
has started out on the royal road to
prosperity until they exhaust their
brain and lungPower, but no prosperity
will come TO stay, and no sensible man
man will b Sieve them unaq the amount
OF the worlds redemption or primary
money is increased, and as the mount