Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1896-08-06
st. John On Silver.

vi ne lnCIedb6 III Cll6 numO6r OF
dollars, when dollars are confined to
gold, is not sufficiently rapid to meet
the growth of our exchanges. The
consequence is a growing value OF
dollars OF a diminishing vaIre of ev-
erything else expressed in dollars; or
a tendency towards constantly de-
clining prices, the fountain head of
our prosperity has run dry. Oar
farmers all over the country have Ell.
dured the depression in prices. Their
credit at the country store is eXhaus-
ted. The country store ceases to Or
der from the city merchant, the city
merchant reduces his demand upon
the manufacturer. The consequence
is that employees and all elements of
labor are being discharged and wag-
eS are lowered to they who continue
in employment. The sufferings of
the farmers, who constitute nearly
one-half the population, are thus en-
forced upon the city merchant, the
manufacturer and all forms of labor.
"These combined elements const-
tute the overwhelming majority of
voters, Their intelligent conclusion
will be felt when expressed at the
polls. The banker also is without
prosperity, unless prosperity is gen
eraI throughout the United States.
He must learn to distinguish between
cheap money and money command.
ing low rate Of interest. The dol
lar worth two bushels of wheat is a
dear dollar, and yet it commands IN
tcreSt in Wall Street at present OF
but two per cent. per annum. 1t the
dollar can be cheapened by increas-
ing the number of dollars, so that
each dollar will bay less wheat, the
increasing price Of wheat will in
crease the demand for dollars to in-
vest in its production. Then the
borrower If dollars to invest In the
production of wheat, beng reasona-
bly, sure Of a profit from that en-
plOyment of the money can afford to
pay interest for its use as part of
his profit, or in other words, interest
is share on the profit on the employ
ment of money. SO that abundant
money, money readily Obtainable,
which is to say really cheap money, is
the money which commands a high
rate Of interest, share of the profit
of the borrower in using it.
GAS we appeal to the country IN
the justice of our cause, one or two
points or common inquiry must be
satisfied as follows. The experience
of Mexico is held up for our alarm,
We answer first, that Mexico is con-
Spicuoudy prosperous at present.
Her increase in manufactures, rail-
way earnings and The like in recent
years is phenomenal. Second, Mexi-
co is non criteric Cor the United
States, for the reason that she has a
form of trade Indebtedness of about
$2O,OO0,OOO annually in excess of
the value of her exports, which must
be paid for in the surplus product Of
her mines. Her silver goes abroad
as merchandise and at a valuation
fixed by the outside world. The u
nited States ON the other hand Is a
nation of 100000 people, scatter
ed over territory seventeen times
the area of France. A single one of
our railway systems, the Erie, ex-
ceeds the aggregate railway mllage
of all Mexico. We offer an employ
ment for money greater than
the worlds spare silver will furnish
us. Hence, our silver money, at
home and abroad, will be valued as
"a the money of the United States.
"The opposition threatens US with
a food of Europe's silver upon our
re-Opened mints. We answer, Eu-