The Dakota chief. (Gann Valley, Buffalo County, S.D.) 18??-1913, 1896-09-17
writes:

correspondent writes:
farmers this argument is used
AA'"- farmer owns ITO acres OF land,
lpr"r,''t bn owes $1,000. This year he has
"H,%h ais of wheat to sell, the proceeds
-" nn..n ne expects to apply on the debt.
Nn'.uf this wheat is worth 30 cents per
l'y 49, SJUO-half the entire debt. Under
lSh' or ne would get 81 per Oushel in
GO sl',I''unrs or SlOO0-enough to dis
me debt. How should this argument
met; - -,
'o, .boncp from the 1OO-cent gold dol
~ ,br .5O-cent silver dollar can be of
" ;Llo hcnetit to farmers who are out
\ Tx ar 10 farmers who are i'll debt
/, lave contracted to pay III god.
iva classes embrace a majority
an the tillers of the SOL VINO own,
| Jain 10 own. land.
|prt there are many farmers who have
Prht land on time, or who have Dor
L. Money to stock or improve the
thcy own. and have not bound
,".,Iyrs to pay in gold. Before these
,m.rS vote for free coinage, thinking
~ilI aid them. they should study the
li,cf carefully.
,baucc of the standard to cheap
silver will wipe out one-half the
In. of all the notes. mortgages, de-
in savings. national. state and
mtr banks; stock of building and loan
.t.tinus. life insurance policies. and
w., In hand. There will not be Il
r.t,r of wealth from II set of per-
tn another. but Il destruction of
altl.
fIr.r losses. enormous in the aggre-
aAd distributed all over the country,
k.>grily viii bring on Il terrific panic,
In vill paralyzc all trade for a time
iLrow ont of employment several
lion, of Wagr-carnrrs. Those who do
work. viii get no IO-cent free
Ia., dollars than they get now 100
.oll dollars. Thus the purchasing
krr IF their wages would be cut down
II, universal industrial collapse and
turtiou Of the purchasing power of
la>> Of Inc community would lessen
..u9ui for all farm products, and
+ drprcriato their value.
: Uould he inevitable. Men with
ka.c, or with half wages cannot buy
.cu>tHu"d quantities of food. The
lioi, living in the cities and vii
!. p,.ougin" Ia the industrial classes.
A . w. 'H'libllIIE' ollHIN III
t,uI purchases. They would buy
ta,. p.->irlo. of the poorest quality
raa get along with.
.r, would not be- the demand for
Veal. mutton. pork. eggs. butter,
s.. &'k. fruits and vegetables which
urlUIrily. In view of this de-
5, i''Hnd the produccr-the farm
Fou.i have to lower his prices or his
rr', would he left on his hands.
u, every farming community would
!. The a@riculturistS of the United
: wound lose hundreds of millions,
+ i" their inability to market their
riN. They complain that prices are
pow. They would find prices much
l01u when there was no demand
(Aal they had raised.
cotton PLANTERS would not suffer
trl by the free coinage panic as the
perm producer of foodstuffs. Nor
me tobacco growers of the border
But they would not escape alto
r tor it is impossible to injure the
Fl'e millions of town people with
me rural part of the population
flG more or less.
IaiinorS must know that the city
'i' ihrif best ANA chlcfcSt Gus
: ana that when they are in dis
aId c'nIot buy the farmers can
u' ana consequently suffer.
hi"fN who are in debt and who
~ To ! Jlccnt money will find
disappointment. if they elect
amt 4 %fopocrat Congress. that
p'N" "vrrrrachcd themselves, and
'ii' IN" payment of their mort
IHi NOR" difficult. For the panic
'Nr consumption. and they will
more cheap dollars than than they
good dollars.
basement of the currency which
ID t. Widespread panic of unprecc-
N''rity. which may last for
~, lr Of amy benefit to any farm
1i y" d" in debt. His mortgage
'i' ID hve years at the farthcst.
hop"d-for double prices to be
'h'ap dollars with which he can
r"iltor will not materialize in
"-P him. Chicago Times-Her-