The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1896-10-28

ished demand would cause the prices of
grain, cotton and all farm products to
fall, az is always the case even in small
panics.
OF course all mortgages past due or in
default would be Immediately called in,
and if not paid foreclosed and the mort
gageors largelyswiped.out.
1t is needless to say that there would
be no money loan, for who would
lend a hundred cents, or even
90 or 90, in order, later on, to
get back but 81?
The farmer hopes to profit by a 81
cent dollar withswhich to pay off his
mortgage at half its face.
How'will{this work?
On thes 9th of November next there
would be no more silver dollars in cir
culation than today, nor on the 9th of
March next, since no moro could be
coined until after free coinage act had
beenspassed.
Such a law could not be passed with
out the most desperate fight by the op.
ponents ofifree silver. We could not rea-
sonably. expect that >theebill,would be-
come a.law.b before next September.
Gold would, goso out, but no ,silver
would take its place. Financial strin-
gency would exist for nearly q year.
During all Of thist time farmers would
have no crops to selll and oouldsnot get
much of the cheap silver money. They
would, however, be paying silver prices
for everything they 'have to buy. They
could not easily obtain money with
which to pay debts, and mortgages
would be foreclosed by'wholesale.
Business activity would not return at
once with restored currency, as credit Is
q creature of slow growth.
The outcome, therefore, for farmers
in debt must inevitably prove disastrous.
As we'll might farmers think to profit
by selling their farm or labor for francs
instead of dollars because it takes 5
francs to make dollar, and they would
consequently get five times as many Of
them, as that by selling for silver dol
lars, two of which make u gold dollar,
they could make profit.
All expenses of living would mean.
time have doubled. and as these advance
always rise last of all commodities),
even after work was found, wages would
not buy as much as they do today.
Hence, after severe suffering in the start
and after low wages and high prices for
many years, the laborer would be no bet
ter off i'll the end.
And how would the farmer be bene-
flied if, starting in debt, he had i'll the
process lost his farmp
Mr.. Bryan claims it is inconsistent
to say that free silver coinage will cause
disaster, and also that it will double
prices.
But littlo reflection will show that
first we would have panic, which he
admits, and afterward prices would be
| doubled Gin silver).
In this great disaster capitalists could
save themselves by buying exchange Oh
| foreclosing. The hardships and misery
would fall upon the laborer and those
in debt-that is, upon the mass of oui
people--and make the rich richer anC
| the poor poorer.
Crime and lawlessness would neces
sarily increase.
Instead of more money, which Mr.
Bryan promised us, we have seen thu
his election means money famine TO
a year and more, and instead of ''pros
perity for tho producers of wealth
there would be but losses, hardship
and suffering.
In view of these inevitable ant
many of them conceded cOnse'
quences of Mr.. Bryan's election
| Is il wise tn vote for him?