The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-03-24
WHAT WE PAID FOR 1T.

The New York FINANCIAL News gives
some interesting figures in regard to
our Ir)6uc3 exports for 1895 This
should interest every class of business
people. The Financial News says:
IF we had received 1878 price for
the quantity of produce we exported
in 1895, the latter ear exports would
have fetched 81, 769, CGl. 584 instead of
1907 538 I65.
How many know that the merChan-
disc balance OF trade IN our favor, had
we received 1878 pr.cas. would have
been in 1895 $9I6 sos, 997. instead OF
SIS sos 300 wbica they actually were?
Yet such are the facts"
All this is required at the hands of
the producers of this country hat the
bankers and money gamble 8 may
feast and fatten while all labor groans
| under the burden OF debt and poverty
that is being heap3d upon It, says the
Richm md STAR.
In the face of these facts the Amer
lean Bankers's Association of Nav York
meets and adopts the following reso
luton:
"Re8OlUed. The Executive Council of
the Amer.c ID Bankers Association, as
sembled at the meeting in New York
City, declare unCqlivocaliy in favor OF
the maintenance of the existing gold
standard Of value and recommend to
oil tho hopborO O7oJ 70 tho o,utop,or,
of all banks the exercise of all their
influence as citizens in their v riOus
States to select delegates to the politi-
cal conventions Of both the great par
ties who will declare unequivocaIly in
favor OF the maintenance of the exist
Jog gold standard of value"
These are the same men who, in 1898,
wrecked the business Of the country
and created q panic that up to this
time palsIes the banks and all business
in every State in the Union. These
bankers are now asking that all the
customers Of those banks shall enter
into a conspiracy to fasten the effects
of this panic around the necks of the
people who are struggling to get on
their feet go that they shall never rise
again to prosperity.
We find here aud thsr3 merchants
who tell US they do not know whether
they favor the siogle or the double
standard. When men who live by the
trade of the producers do not make in
quiry as to what causes the dull times
and the poor collections of which they
complain, what wonder hat a men who
depend upon the labor Of their hands
aud get all their information from
newspapers that credit the hard times
to anything and every thing except the
money question, should not know
what to attribute their constant in
creasing poverly Co2
Bugify you ask that merchant whether
he finds 1t easier to make q living when
he IS selling to wOrknen when they
are making 81 8 day or when they are
making g a day, he can give you q
ready answer. II you ask him whether
he sells more goods and collects his
bills easier when men are making good
or poor wages he q readily tell you.
Yet he cannot tell you whether he
likes a constantly contracting or an
expanding Gu rency. He does not
know whether the contracting cur
reDcy appreciates, or whether it is the
natural cheapness Of labor and It's pro
ducts which causes the hard times.
The Rapub lean State Executive Com
mittee met III ibis city last week and
decided to hold the State Convent n of
that party on the "A b of May. Mr.. J.
@ L. Harris, OF r leigh, vas elected
secretary Of the Committee. A con
ference committee was appointed to
confer with q similar committee from
the Peoples party at some time in the
future relative to CO operation Mesvrs.
A ( Hclscn, j. II Young. Major H.
L Grant, Senator PrUcnard and Con
gresham Settle compose said commit,
FOO