The Superior times. [volume] (Superior, Wis.) 1870-1912, 1896-08-22
+ ARMERS WILLSU FFER
PANIC FOLLOWING FREE SILVER
WOULD AFFECT THEM.
Foreclosure Proceedings on the Part of
gage-H"Ider> Would FoIiow-New
Mortgages Would Gail Tor Gold

It Is assumed 10y the >upIurtrrs Of
Bryan and his policy i'll the agricultural
states where his followers abound that
the farmers. aud especially those who
nav" lhortgagcd their property would
surely he benefited if Bryan should bo
elected and the 53-ccnt dollar substituted
Tor the loO-cent dollar. The purpose of
thc Sllverltes, It is admitted, is ia com
pei all depUsitOrs in savings banks, all
holders OF life insurance policies, all pen
slonerS aud all others who have invested
savings by luaning them rlire,tlv or in
directly to suffer a loss of about half of
every dollar whirh They own uoon the
plea that these dollars have value twice
as great as they ought 10 have. 1t is as
sumcd. however. that the farmer will not
lose, but viii gain.
The farmers who follow Bryan have
been deceived. While il is probable that
those who would suffer the most severely
are the Worklngmen. the farmers would
stand very near them on any scale that
should measure the misery of the people.
Undoubtedly the election of Bryan
would be followed by panic. This i
admitted by the Silverites themselves.
There would be Il destruction of conf
dcnc" and paralysis Of credit Would
not this affect the farmer: Can th"
farmers isolate themselves and escape
the effect Of depression that is and must
be felt by all other classes. SPECTATORS
possibly excepted? Even if Bryan should
bc elected, at least eight months would
elapSc before the silver standard could
be adopted hy lcgiSlat atiOu. The panic
which would follow his election would
deprCSs the prices of farm prouuCtS; the
paralysis Of credit would deprive the
grain grower of the sustaining power
which carries his crops after they have
been harvested and facilitates an nd
vantageous distribution of th"m through
out tn" year. The demand fnr these
crops III the hum" market wuuh fal rft
owing to tho condition uf the working
men.
What would ir thr experience If those
farmers who havr borrowed money and
given mortgages on their holdings. many
OF whom hope to he enabled to pay off
these mortgages at ,J3 cents on the dol
lar, perhaps overlooking the fact that
they are CouSplrlng to rob the widow and
IN" orphan: According To the govern
mont reports, the average life Of a mort
gage IN this country on farm property is
about four and "ue-half years. 1t is now
stated by Western men who appear to h"
familiar with the farm mort gage business
that majority of the farm mortgages in
fore" are due; that Is to SAY that the
terms Of them have expired and thai they
coutiuu" IN existence hcCaUS" tho lenders
are satisfied with the interest received
Would these lenders, holding mort
Cages overdue. TAX" no action if Bryau
should hr elected Docs not the West
eru farmer soc that they would furrrlp<"
It payment should not hu naIrt Would
not the election of Brvar hc followed
by gem raj resort 70 foreclosure pro
ceedings on the part of mortgage huldurs
who ''"uld legally take such 'utti 80 =
Would ryru the offer nf renewal at
mortgage upon terms binding IN" farmrg
to- pay in gold prnvpnt the lcudcr from
undertaking - reclaim bis money! Th"
Brvan platform calls for legislation
which snail prevent the making Of such
agreements. Could the farmers fairly
blame the lenders for DESIRING tu rr,uvuY
their loaned money in lnn-rrnt dnIlar~
hcf"r" proposed and impending lpsiSla-
tluu should compel thrm - 1T. satisfied
with li-crut dollars
What would be the effect upon the
farmers. whether silveriteS or advo"ltes
Of honest money of the inevitable panic
conditions and thus foreclosure move
meutt And ii thu silver standard should
be adopted by legislation eight months
or q year after thu election of BRYAN.
does the farmer think he could then bor-
row more nionry without great ditiicntv ::
Does h" think. on the whole, that The
ugricuIturiSts Of the United States can
gain anything by policy of robbery and
reputation which would make us de
teStible the world over
There are many farmers great
many. We hplcvo-Vhp see clearly how
great would bc the injury inflicted upon
our agricultursts by the election of
Bryan These should strive 10 cnliguteu
those tillers Of the soil who have boon mis-
led 10y hired agents Of the mine owners
and other demaguguc~.- York
Tlmtz