Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1896-07-22
FACTS FOR JUDGE B,GElOW

U FsS ~ SN S@
The Reno Journal contains the fol
lowing clear meaning correspondence
from a farmer Of Washoe county
which puts the weak spots in Judge
BigelOws arguments to route:
Editor Journal The Hon. r. K.
Bigelow seems to be laooring under
the impression that the United States
is not capable of maintaining a 1inan-
cial system not in conformity with
the "enlightened" nations of Europe.
and he qUO'es from President And
rews Of Brown University to show
that the tree coinage Of silver will
drive out gold AM produce he most
disastrous financial crisis this
try ever knew, because the minis, If
run night and day, could not CON sill
yer fast enough to take the place Of
the gold that would ne withdrawn
from circulation.
Mr.. Editor, it IL a we'll known fact
that tue money lords. under existing
conditions, can produce a panic at
pleasure. and our adheriug 20 the
gold standard only facilitates their
power to produce these panjcs. II
Judge BigelOw will Investigate the in
dustrial aud financial conditions Of
the people and corporations Of the
United States, when u credit abroad
was impaired, and when We made our
own money and used the fiat OF the
Government to make il a legal tender,
he will discover .tnAt after the panic
OF 1861, which was caused by the with
drawal Of the whole vol1me Of specie
from circulation, that the L tied
States began the most prosperous
period. financially and industriousIy.
in its history. As proof Of this as
sertion, l refer Judge BiGelow to the
failures in business in the Uojted
States for the f0ur years ending De
cember 81. 1865, which numbered g.
1877, and compare this number with
the 1000 that occurred in the fits. half
OF 1896, and see if a "depreciated cur
rency" and an impaired credit abroad
isn't much better for the great mass
OF the people than the gold standard
or an international standt.I?
To show how the gold standard ha-
~plundered the producers and b,neiittrd
the people who clip interest coupons OF
draw salaries, l will take the farm
price Of wheat in 1865, and the salaries
Of Congressman for the same year
and compare them with what they art
at the present time. To 1865 the price
OF wheat On the farm was not less thar
s. so per bushel, and a congressman
salary for one year would not pur
chase 400 bushels Of wheat, while in
1896 the yearly salary Of a Congress
man will purchase upward Of 10,O0t
bushels of wheat at the average farm
price. Let Us bring comparisons
little nearer home. In 1865, here, il
WashOe county, two hundred tons 0
hay would sell for enough money t
pay the Governors salary n year
now it takes 500 tons to bring tn
same amount OF money.
Now let us see how the farmers hav
suffered by this enormous deprecia
ton in the price Of their products
Any candid person must concede tina
all the available interest a farmer ha
In a crop is what it will sell for abov
the cost Of production. II the cost {
production exceeds the price, which
generally the case at the present time
then the farmer is doing business at
loss, and it is only a question Of tim
and the lienency of his creditors as
how soon he will be turned adrift an
branded by the money lords as a ma
who does not pay his honest debts
In conclusion I wish to call Judg
BigeiOw's attention to the immen:
volume of debt that the gold standal
has entailed Cd the people. The n
tional debts now exceed $28, 900, 90
600 and call FOR more than seve
times the amount of gold money tn
the world contains. There is at lea
$40, OOO,O 100000 of gold obligation
against property in the United State
and there is not gold money enOue
in Uncle Sans domain 70 pay 6
months interest on this vast debt, al
the people are obliged to continual
extend the time of payment and Il
increase OF the principal Of the deb
Of the people about keeps pace wi
the amount of the interest compoun
al ouartprIy