New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1896-09-23

SASC9 AASyS 49,
q it the rights Of an American freeman.
Ind the conviction is groaing tlaat
the 5demonetizatio ion Of one half the mon.
I ley Of the world, no matter what tfeore.
I teal financiers may So, is IND was, b
], those who were chief contriyers Of the
manner Of its accomp llshment, intended
to bea scheme to increase by legisla-
tive enactment the wealth of those who
are alread wealthy and the power 81
Ithose already too powerful. That It has
ldone SO is certain; that it has taken from
4 the farmer and conriscated half the pro-
duct Of his fields is sure. And now, as
a measure of relief. lie, is urged to tax
himself still further as II means to in
crease his, assets. If it be said that our
securities will come pouring home for
payment or he thrown on the market,
and thus intensity the panic. in ease we
insist on return to bimetallism, the
answer is, SO far as the panic is.concerned,
that our people are already at the bot
tom and have been for more than four
years; that there is no lower depth to
reach they are standing on bed rock.
ssThe farmer can't sell his crops for
enough to pay for the implements with
which he tills the soil. The herdsman
cannot get enough for his beet 10 pay for
the feed the animal eats. The combines
fix the price of the steer at the farmers
pasture and regulate the price of meat
at the butchers stall. Thus, the candle
of the producer and consumer is burned
at both ends. - The tax gatherer takes
what the usurer leaves. In fact, condi-
tions could hardly be worse. Let the Sc
curities come, and pay them with the
money and currency of the country even
as we accepted that money and currency
from the lenders. We have not in the
whole Unitea States enough gold to pay
Is per cent of the face value Of the Sc
cuuties held in Europe. II the holders
desire to kill the goose that lays the gol-
den egg, let them first learn that the
goose has been pressed and squeezed to
the limit, and will lay no more eggs that
lack substantial alloy of silver. It will
be well for some people to learn that the
producers Of a country, who make its
wealth, may ultimately get very tired of
being mere pawns upon political and f.
nancial chessboards.' - =:
In closing his letter Mr.. Butterworth
strongly urged independent bimetallism,
saying:
sis it not folly to suppose that the cap
italists of England and they are the
capitalists of the world--will be easily
persuaded to agree or consent to bime-
tallism? Why should they? How is 1t
to their interest to do so while we con-
sent to make it to their advantage tore
fuse? They have doubled the value of
their credits by demonetizing silver, and
thus in effect doubled the interest re-
ce1ved by them. The United: States
Numbered into that trap, and within a
yearbeggared million of her citizens,
and, if we adhere to the blunder, will
beggar five millions more and double
tie burden of every debtor and burden
bearer in the land. If it lie said the
United States cannot act alone, the an
swer is, conditions are such that she must
give notice that she will act with Eng
land if the latter consents; otherwise she
will act alone. We are the greatest deb
tor nation on earth. Hence it may lie
we must start alone, if at all, and credi-
tor nations will speedily join us for their
kown protection in re- establishing bime-
tallism. If necessary, and the United
States does not start alone gold mono
metallists will he SO firmly entrenchcd
behind the raniparts: of wealth and pow.
or and the mass ofsthe people he SO help
less that bimetallsm will be postponed
Il generation, il not forever. The plain
citizen will still I've encourages with the
pleasing delusion that the bare contemp.
lation ofsthe beauty and unchangeable-
ness Of a gold dollar beyond his reach is
far preferable to the enjoyment of d sill
yer dollar in his own pocket, and that
the only honest dollar is the one that
buys the largest quantity Of his land, his
labor and the product for both. - {.
The; above are the views Of al. Butter.
worth expressed last March. They are
as truesncw as they were six moths ago
and The Herald endorses every word
1t viii be interesting to learn how Mr.
2Butterworth reconcilesT his presene posi-.
ton in support Of .sthe GOLD standard
Il ! & \ l.