The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-09-02
WHO HAS THAT MONEY!


Farm Journal OF Philadelphia, which
is said to have considerable circula-
tion in Pennsylvania. 1t is astonish-
ing that any of the thrifty and shrewd
farmers of the Keystone state are un-
der the spell OF this publication,
which, boasting Of it's intense patriot
ism, assumes that patriotism means
the shutting out of this country Of all
foreign Investment, especially of
English money changers, and the
grinding out OF "honest constitution
al money" that 'honest men can pay
their debts With. e., money of the
silver standard, worth SO cents on the
dollar. This farmers paper, indeed,
processes to champion rotten money in
behalf of the farmers that they may
be delivered from '.the English money
changers who are squeezing the life
out of them"
The farmer, according to this intel
Wall street. and these English
money changers" who are charged
with forcing down the prices of farm
products. Its favOrite talk to farmers
is this:
"Last month we stated, from official
records, that the farmers OF the
United States, owing to shrinkage
in prices, received $500. coo, 900 less for
their grain, tobacco and cotton crops
last year than in 1892. This Is q very
large sum to lose in one year but 1t
does not represent the Shrinkage in
the prices Of their live stock, fruits,
potatoes and other vegetables, butter
and cheese, poultry and eggs which
amounted to nearly as much more.
Therefore, having had no salts factory
answer to our formber inquiry. we
again ask. Who has that money?
'Since 1873 the value Of farms in the
state of New York shrank one-half-
entailing loss to the farmers of that
state of many hundred OF millions of
New England and the central west,
taken place. We want to know also:
Who has that money?
VIII no one give correct answer to
this question? The leading organ of
the London money getters OF our town
recently attempted to do this and in
formed the public that nobody has it,
that while the farmers have lost it,nO
one has taken it, no one owns it.
How's that? Wesuppose there was at
all time just about the same volume
OF money in the world; now that
money was earned by the farmer and
belonged TO him, yet he has 1t not;
therefore, where Is it? Who has that
money.
"It is principle of physics that ma
ture abhOrs vacuum; yet all that
money is gone and nobody knows
where. This Is very stranger
Something like this has been heard
in the West and Northwest. Donnel-
| ly has often asked: "What has be-
come of that money!" and the query
is very easily answered, although it is
true that some farmers think 1t is q
money?' "Who has that money!"
What money? When prices shrunk
there can be no residuum from the
shrinkage and nobody can stand evap.
| Grated values. II farms, which sold
| for $50 an acre twenty years ago, are
not worth $40 now, by reason Of the
| fallen values, has anybody been able
to pocket the $40 difference? How
could he materialize falling values in
| to dollars and "rob" the farmer? Who
can convert shrinkage into dollars and
make way with them? "Who has that
money?"-Minneapolis Journal.
No matter who has got that money
one thing is certain the producer has
lost it. II the price Of farm Of loo
acres has fallen from $50 to $40 per
acre the farmer has lost Sc, 400, and II
he sells his land he has to pocket the
loss. II he raises 1000 bushels of
wheat and sells it for so cents per
bushel instead of 81 he is clearly $500
poorer. And you can't blind him to
his loss by raising curious questions
as to who got that $500. That is a
secondary matter.
| 1t is. however, clear that when we
sell wheat at so cents to foreigners
that ought to be worth 81 the for
eigner makes every so cents that we
lose. Is not that plain? II stress OF
the times compels US to sell our farm
for $40 an acre that was worth few
years ago $50 an acre, then the man
who bought it has made 80 an acre;
and if he holds on he will realize that
sum, just as soon as the American
people elect Bryan president, and
drive the money changers out of con.
troll of the nation.
We hope we have solved the conun'
drum which has SO distressed the SOU
of our contemporary.
The thieves have the money.
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