The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-08-16
SHELLEY ON SILVER
CONTINUED FROM FIRST PAGE.

ton on the farm3" Some said 4 12c,
some sc a pound
whats cotton worth now 2" q &c,
answered several
Chow much cotton have you made
between last fall and this summer 2
Uaughter.) And yet they say the low
price was due to overproduction. Not
alone in the United States, but in the
world there was less cotton produced in
1898 than in 1888. These figures are
on authority of the President of the New
Orleans Cotton Exchange. Yet you got
only little more than half the price
then that you got ten years before.
The price has suffered steady diminution
year after year. Cotton and wheat have
gone up little now, but not until the
spectators owned them all. ~ This spread
of silver sentiment that threatens to
sweep away party lines and all the old
politicians Of twenty-five years, scared
those fellows. They SAID, I'VE must let
up We forced their hands a lit
tie early. They have been playing
this game with marked cards and a
stacked pack, until Cleveland threw
aside this disguise and proposed openly
to destroy silver and greenbacks and
treasury notes, and put gold bonds in
their place. The restoration of better
times is due to this silver agitation.
eff we are wrong we will be licked, if
We are right you, my gold-bug friends,
can't defeat us. We have all the law,
the logic and the morals of the question
on our side.
"In Liverpool you meet in competi
ton with India and Russia, Egypt and
the Argentine Republic. You get five
cents in gold for your cotton, and it is
just FIVE cents in this country's goods.
Other countries take the gold five cents
home and get ten cents in purchasing
and debt paying money. Wheat and
cotton are the staple products of the
world. America and Argentine Republic
get the same price for their wheat in
gold, say one dollar. In Argentine gold
is at premium of So 81 in the money
of that country. And SO that dollar
buys 251 cents worth of goods, and has
$2 81 of debt paying power. 1t doesn't
take the the Argentenian one kernel
more of wheat to buy the dollar than it
does the American. We get all the
curses and not one of the blessings Of
monometallism.
"You men Of the South are agricultu
rists, and raise cotton in competition
with other nations that receive one hun
dred per cent. bounty for expectation.
"Pillsbury, the biggest miller in the
world, commenting on Cleveland's issu-
ing bonds, said: I admire him for his
lofty patriotism, for that vast courage
that dares to do. 1t has kept the coun-
try from going to silver basis, and if
this happened wheat would go up to a
dollar bushel,"
IS to 25 cents when Cleveland was afraid
the currency would depreciate. "You
had four bushel dollar then. The only
way for dollar to depreciate is for
prices of products to go up. Cleveland
should have said: II am afraid prices
would rise on the products in the hands
of the producers of the wealth of the ma
ton"
Carlisle stated at Memphis that, though
prices were lower, products of the farm
would buy as much or more to daythan
in 1878. How many of you farmers
have prospered in basket and store
since we have been on gold basis
s'You know whether you are better off
with ten or fifteen cent cotton, or not.
Are they going to make you believe black
is white and four is more than ten Z If
that is so, stand to your party, if not,
rebuke it by every means in your power.
The salary Of the Secretary of the
Treasury could be pad with 10000
pounds Of cotton in 1878, it takes 100,
900 pounds to pay it now.
''That man Carlisle can reason from
false premises like an archangel He
told the people of Memphis that, happi
ly, in this country, there is no debtor
class. He told them their interest was
in keeping up the price Of money. At
Bowling Green the next day he told his
audience that the debtor class should be-
ware how they agitated this question, as
the creditor class might become alarmed,
shut down on the creditors and ruin
them. Oh, for government official that
can be consistent twenty-four hours!
zone year ago Cleveland had holy
horror of officers engaging in partisan
politics and he turned out several men on
that charge. All is changed now. Hoax
Myth is out on the stump, Eckels is out,
all the Secretaries are out on junketing
tour at your expense. They want to
make you believe that dollar is bigger
than man. They have made it hard
round yellow God, and if you belong to
the Democratic household and do not
bow down to it, furnaces are being heat
ed for you.
"Go about this Dead Sea of monomet,
alism, you will find that on its shore
there is not a fruit that does not melt to
ashes on the lips, not wave of brother
hood or Christian sympathy in its waters.
Matthew Marshal the great gold bug
writer of the New York Sun writes: "a
member of philanthopic women have
petitioned the Legislature for the relief
of the hundred thousand women in New
York who work for forty cents day.
These ladies should know that in China
and Japap whara rriepS Of prOductS are