New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1896-08-12

Il parity DeGWeens gOlQ ana silver. Ph11a
l,,delphia American.
John Lind and Silver.
The epublican party is in favor 0
the use Of both gold and silver as none,
and condemns the policy Of the Democra
tic administration in its efforts to dem
onetize silver
The above is a clause from the repub
lican national platform Of 1888. upol
which John Lind was elected for Thu
third time to represent this district il
che lower house Of congress. In accord
ance with the above declaration, wher
! the fifty -frst congress assembled bill
was introduced providing for the free
coinage Of silver. On June Z, 1890, Mr.
Lind made great speech in its favor
which made him famous throughout the
country as not only an eloquent but q
logical orator who stood by the common
people. There has nothing on the silver
question appeared since that time con
tanning more of the true facts in the case
than his speech, and if we had space We
could not strike harder blow for silve,
than to publish it entire. We give be.
low a few extracts that are pointed al
this time. In speaking OF his own dis.
trict he said:
"We are not poor. It might even be
said that we arc. rich in goods and lands
but we arc not prosperous. Those who
are unfortunate enough to have a mort
gage on the farm, either for borrowed OF
purchase money, are barely able to pay
the interest and are Respondent over the
prospect of their ability to pay off the
principal. Those whose farms are clear
are restless because they can not better
their condition. Things are at a stand
STILL We have plenty to sell, but nc
buyers at diving prices. Wheat is SO
cents.' s@. y
Since the repeal OF the Sherman law
wheat and other staples have gone much
lower than they were in 1890.
s.This lowering Of prices commenced
in 1924 and has continued with but
few Interruptions to date. 1t has affect
ed all classes injuriously Except the
money lenders); but the farmers the
most severely of ALL
ssTaxes, interest and mortgage indebt-
edness, which must be discharged from
his surplus, remain about the same now
as in 1873. This to my mind tells the
story"
"Overproduction'' vas harped on in
1890 and exploded just as it has been in
the last year.. Lind's logic disposed of
it in this way: -s@~
"This argument of 'overproduction'
and consequent fall of price has been
applied to no commodity viii, more vi
gor than to wheat. Our farmers are told
and cautioned that they must quit rails
ing wheat; that wheat IS flooding the
land,' and that that is what makes it so
cheap. This have never believed, and
the statistics of wheat production GER
tainly do not support that view
"What troubles US o-day is not over.
production, but :undereonsumption.
By having their profits cut down from
year to year, as Ihave already explained
our farmers have been compelled to eco,
| nomize, even to the extent Of suffering
to keep above water This, again
has affected the industries of the East
stopped the mills, tlrownoperatives out
Of employment, reduced earnings and les.
sened consumption there. Does any one
doubt but what workman's family viii
use more meat, butter, eggs, ard ever
flour when wages are brought home thar
when work is wanting?' ..s. 5
Lind believes that the supply Of mon.
ey affects prices, and said in part:
.sThus it will be seen that both the.
oretically and historically the abund
ance or scarcity of money affects price.
and the welfare of the masses. Goldbe
! ing now the only general standard d
value or money i'll the leading count1ie:
OF Europe and here, it becomes import.
ant to ascertain the facts as to the sufh6
cheney Of its supply, and the causes
which have led TO its appreciation Gin:
creasingg purchasing power) IN recon-
years =
| Referring to the decentralization sofsil
yer:
Sin this country it was taken up ~
the organs of the bcndhol ders, b mean.
lof.a pretended codifcation Of our coin
age laws the authority for coming til.
| silver dollar was repealed. Conpres