Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-08-06

and Egypt. In this last fact lies the
explanation Of the more wonderful
coincidence shown in the figures Civ
en-fgures, be it known, from the
official record. II will be understood
by all, for 1t Is self-evident, that NOT
a bushel Of American wheat can be
sold in the English or any foreign
market till the price Of our American
wheat reaches the lowest point at
which bushel of wheat from India
or elsewhere can be bought. In 9TH
er words, THE LOWEST PRICE LEVEL IS
THE ONLY PRICE AT WHICH WE CAN SELL
AT ALL.
Let every Ohio farmer carefully
read and consider. We are going to
give excellent (English) authority.
The fact that the silver question is
an agricultural question, and of vital
Importance to the wheat farmers and
cotton planters of this country, can
not be more concisely and better stat
ed than by that eminent Englishman,
Mr.. Moreton Frewin, of London, in a
statement made by him at Washing
ton, D. c., in May, 1892.
"The price of wheat in this count
ry is its price in London or Liver
pool, less the cost of carriage from
here there; and the London price of
wheat is, under ordinary conditions,
one ounce of silver per bushel of
wheat. Your farmers will always
have to sell bushel of wheat, say in
Chicago, for an ounce of silver, less
freight charges to London.
"When in Punjaub three years ago,
| went very closely into the cost of
producing wheat there. In that one
Indian providence the area devoted
to wheat growing is twice that of the
wheat area of all Great Britain.
"The irrigation system organized
by our British government is perfect
so that harvest returns are extremely
uniform, and the figures l arrived OF
and which have not been called in
question, 90 to prove that the Pun
jaub wheat farmer will always make
living profit by selling his wheat in
Europe for twentyone silver rupees
per quarter (eight bushels.) And if
this is the case, the competition of
tens of thousands of small wheat farm
ers in India will always suffice to sell
wheat in Europe down to that price.
Now twenty-one rupees quarter is
an ounce of silver per bushel, and
seeing that the value OF the rupee in
India to buy land or labor or any To-
cal commodity is actually a little
greater than it was before the gold
price of silver fell, l hold that we are
justified in stating that the price of q
bushel of wheat, whether American
or Indian, IN the London market, has
been in the past, and will be in the
future on the average, an ounce of
silver"
All students of prices know that
the purchasing power of the rupee in
lndials well maintained, and the
fact that the price of wheat and cot
ton falls with the price of silver ex-
changes between Europe and Asia is
not open to doubt. We believe the
truthtulness of this statement will not
be questioned for moment by any
one.
Considering then, that producers
OF wheat and cotton in India are
obliged to accept the legal tender ru-
pee at its par value, or about forty
eight cents IN gold, for their crops,
since it is the only money in their
country, where gold is not money;
considering that from time almost
immemorial they have been in the
habit of selling their wheat at the
rate of an ounce Of silver per bushel
for prices are largely fixed by Gus
tom in the Orient, and the Hindoo is
satisfied if he gets as much for his
wheat and cotton this year as he got
last-considering they are Unaware
of and utterly needless in regard to
the price OF silver in London; and