The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-10-31

grain, cotton and all farm products 70
fall. as In always the case even in small
panios.
OF course all mortgages past due or In
default would be Immediately called in.
and IL not paid foreclosed and the mort
gageors largely wiped out
1t is needless to say that there would
be no money TO loan, for who would
lend q hundred cents, or even
90 or 90, i'm order. later on, to
get back but 81?
The farmer hopes to profit by 81
cent dollar with which to pay of his
mortgage at half its face.
How will this work?
On the 9th of November next there
would be no more silver dollars in cir
culation than today, nor on the 9th Of
March next, since no more could be
coined until after free coinage act had
been passed.
Such law could not be passed with
out the most desperate fight by the OPP
ponents Of free silver. We could not rea-
sonably expect that the bill would be-
come q law before next September.
Gold would go out, but no silver
would take its place. Financial strin-
gency would exist for nearly q year.
| During all of this time farmers would
have no crops to sell and could not get
much of the cheap silver money. They
would, however. be paying silver prices
for everything they have to buy. They
could not easily obtain money with
which to pay debts, and mortgages
would be foreclosed by wholesale.
Business activity would not return at
once with restored currency. as credit is
creature Of slow growth.
The outcome, therefore, for farmers
| in debt must inevitably prove disastrous.
As well might farmers think to profit
by selling their farm or labor for francs
| instead Of dollars because IL takes
francs to make dollar, and they would
consequently get five times as many Of
them, as that by selling for silver dol
lars, two of which make gold dollar,
they could make profit.
All expenses of living would mean
time have doubled. and as these advance
faster than labor or real estate (which
always rise last of all commodities)
even after work was found, wages woult
not buy az much as they do today
Hence, after severe suffering in the star
and after low wages and high prices 70
many years, the laborer would be no bet
ter off in the end.
And bow would the farmer be bene
fited If, starting in debt, he had in tn
process lost his farm?
Mr.. Bryan claims it is Inconsistent
to say that free silver coinage will caus
disaster, and also that it will doubl
prices
But little reflection will show tina
first we would have panic, which b
admits, and afterward prices would b
doubled Tin silver).
In this great disaster capitalists coul'
save themselves by buying exchange o
foreclosing. The hardships and miser.
would fall upon the laborer and thos
in debt-that is, upon the mass Of on
people-and make the rich richer an
the poor poorer.
Crime and lawlessness would neces
sarily increase.
Instead Of more money, which MI
Bryan promised us. we have seen tina
his election means a money famine 70
a year and more, and instead Of "pros
perity for the producers Of wealth
there would be but losses. hardship
and suffering.
In view of these inevitable an,
many of them conceded cOnse
quences of Mr.. Bryan's election
is it wise to vote for him?