Milford chronicle., 1896-03-27

4 in hAlAO ~ EhOlGnAA AM GOAmODl-
TIES SILVER HAS NOT DEPRECATED
AT ALL.
You may take a silver dollar and
destroy the Governments fiat upon
it, hammer it into a lump, and it
will purchase as much grain,as much
clothing,as much furniture, as much
land, as much of everything as 1t
would ever buy-not as much of
everything. either; its relation to
commodities in general is the same,
but TO one its value has been altered
lit only gets half as much gold /!
Gold in relation TO commodities has
doubled its valne, procuring twice as
much of everything, including sill
YER And yet debts are payable
alone in this high metal and price is
regulated by the same. Now, why
are your products cheap, your wheat
and corn /? because the dollar is high
and where you formerly gave one
bushel of grain to obtain it you now
must give two. And so it is with
every commodity. A few years ago
YOU contracted a debt Of 81 600; your
wheat then brought one dollar or
more per bushel and it meant to you
one thousand bushels of this grain,
Allowing bushel for a days work
it meant to you one thousand day
labor. You go now to pay that debt
and the dollars have become so high
/ that it requires TWO thousand bushels
OF wheat to obtain them, while your
land is not more productive, and a
days work will bring you in grain
only the same as before. You must
work, then, two thousand days to
cancel an obligation that meant but
one thousand, and this Is why debts
are hard, and becoming more diff
cult, to pay. Since this is the re,
suit of a contraction in currency,
through the decentralization of silver,
is it surprising that the farmers of
the South and West, who understand
the situation, are opposed to mono
metallism, and cry for a restoration
of silver? The entire property val
uation of the country has been re
duced one-half that the owners of
gold might profit by the reduction.
And yet we are told that gold is
'honest money"-"hOnest" only in
robbing the masses for the benefit of
the few.
"OvER PRODUCTION THE CAUSE OF DE-
OLlNING PRICES
The metropolitan press, owned and
controlled by the great capitalists of
the cities, in their effort to aelude
the people tell them that cover pro-
ductionp is the cause of declining
prices. But is there farmer,
manufacturer, o lahorer anywhere so
stupid that he does not know that
this is false ? Over production of
everything for all commodities have
fallen Is there a bushel of potatoes,
a grain of corn or wheat, left from
one season to another that must be
destroyed from lack of consumption
Does the farmer not know that
everything he grows is consumed,
and that continually starving mouths
are clamOring for more F.? 1t is high
money that makes grain and every
thing else cheap, and not restricted
markets. A new philosophy the rich
have introduced-labor leads to
poverty and over excess of com |
modities to pTivation and ruin All!
the wiley efforts Of the gold men;
putting phrases in the ears of sim
plctons to lure them to destruction.
ENGLAND WILL NOT LET US"
While agriculture and every indus
try is Frustrated through the con-
traction of currency, those who are
protting by the policy iterate and
reiterate that England will not per-
NIT the restoration of silver" That
in such an event she will foreclose
her mortgages, send back her secur-
iLies,a and bring upon us greater finan-
cial ruin. She will brook no oppo-
sition to a policy that is fast making
her the richest nation of the world.
But il she sends back her securities.
etc, who is the loser in forced sale2
it not usually the one who sells
But England cOntemplates no such
action in all her efforts to chris
tianize and civilze the benighted
provinces of the world she makes no
sacrifices. It is simply a cry to
frighten the cOwardly and unwary,
while the gold men pocket the gain
in money appreciation England of
course. will never consent TO bi-met-
allism so long as she can help it.
Why should she Her banks are
filled with gold that con-
becomes more aud more val.
liable; she has invested outside of
her own dOminions twenty thousand j
of dollars, bringing her in ,
gold an annual interest of one thous-
md millions more; she is manufac- ..
,uring for the world and receives
only gold in return. Under such a
policy how long before the gold sup
ply Of the world will rest il her cof- {
ersP Can she improve upon such Z
financial conditions and win she vol :
abandon such an advanta- S
,eous place? She is not so philan- il
hropie, and the bi-metallists of the t
world need never wait for her COOP I
ration. Her efforts are to rivet Y
nOno-metallism forever upon the ma n
10. 8. p
WHAT AMERICANS NEED Il
5 another Boston Tea Party.another Il
Declaration Of Independence, that a
will tell England she shall not ac-
Omplish by cunning what she failed e
0 do by arms. She only wanted us {
s cOlonists to pay tribute and re- ii
Give her manufactured goods, and Il