Middlebury register. (Middlebury, Vt.) 1886-1937, 1896-02-28
GOLD AND LOW PRICES.
BRITISH OPINION ON The CAUSE OF LOW
PRICES FOR FARM PRODUCTS.

bRiOES : OH fAHM FhOOOCl o.
The following appears in a late number Of
the Nayh Lant E,fre" N.ondon), and gives
some idea of the trend of thought among
English agricultur't,'
"su: There is hardly a doubt that the
present government intends to settle the cur
rene, question by international agreement with
France Germany and America during the
course 4 the next session Of Parliament 1t
may. therefore, interest your readers to see
the iucoscd copy Of letter which have adj
dressed 90 Lord Nnchisca ON the subject.
he only cause for the depression in agr-
culture is the unjust appreciation of gold and
the government is now virtually pledged to
correct this glaring injustice without days
unucct ssarv delay
"Nu subject is Of such importance to farm
crs. | may say that no other subject possesses
one tenth part Of the Importance because up
on it depends the whole question Of the low
prices. which make farming at present en-
trcly and completely unrcmuncrative.
ALFRED NEWTON.
$50 4 Salvage Gardens, London
Nov. Ii sos.
40 the Right Honorable, the Earl Win
chilsea-My l.oid: ! must respectfully tell
YOU that the cause of the farmers embarrass-
mcns lies sinipl, in the low prices with which
the gold using Woild is afflicted. and the only
cause II the fall IN prices is a change in pur-
chasing power OF gold. The Western nations
are using money each ounce Of which buys
twice as much wheat, or land. or cotton. or
wool as it did 20 years ago--i C., our money,
costs us Gin comm1ditics) twice as much as it
did But whilst Vc four hundred millions OF
white men arc fun Of difficulties and gloom
Except such As are bankers or lenders or
annuitants) because we have TO buy our gold
ut twice its value, there are eight hundred
millions Of silvcr-users who have prospered
and waxed fatter and fatter for many years
past.
"Never before was there universal prospect
~ Throughout Asia, and in countries like McNi-
co. which are on the silver standard. Their
imports and exports increase by strides Their
laborers are full of employment at good
wages Their farmers make high prices,
cultivation IS extended Manufacturers pros
per, populations increase. There never was
such abundcnt prosperity before and why
this universal prosperity? Because their
money is supplied to them at half price. The
low price Of silver explains ii all; and 50 long
as gold is arthcially raised in value (pur
chasing power, So long will the European
nations suffer from depression and perennial
LOSSES. 50 long as silver is allowed to remain
arthcially cheap. So long will the 500 mil
,.,,,r., onr J,,,r,..i,,r j.. tb,. Inc,.,r, nj
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ra,,;dl,. inrr,asinc ,ronsar,ions and If grea,
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Of mankind decided 10 east aside the NOR,
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