Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1896-10-24
THE FARMER KNOWS.


Worcester are taking in this political
campaign is best shown by the fact
that the, are posting themselves in
every conceivable way We have
come in contact with many and thus
far not one have we found that was
unacquainted with the generally disas-
trous results that have tollowedsthe
decentralization OF silver in this and
other countries and when inquired of
as to their belief in It's restoration we
have found them unanimous. They
feel, however. that the manufacturers
aud millionaire trusts and combinations
are numerous and fear their power to
coerce sufficient number Of employees
into voting for Mckinley and greater
depression than has heretofore been
known. Ii is plain 10 many of those
who read, that great depression in
farming interests must result from a
gold standard in this country rs in
others where it has been adopted.
TO those who are not vet satisfied as to
the results elsewhere Of the gold stand
ard, we point them TO gold standard
England, and quote the foil flowing
from Senator John p. Jones's great
speech Of October, 1898. The figures
he gives are derived from English
records, aud can be relied upon i'm
plicitly:
"ln describing the consequences of
the Parliamentary enactment which
placed Great Britain on the gold
standard, Sir Archibald Alison says ::
The capital which had been
realized during the war with Napo.
leon had been 50 great, the influence
of the moneyed interest so powerful,
that the Legislature became affected
bv the desires of It's possessors The
monetary bill of 1916, before many
years had elapsed, added 30 per cent.
to the value VI money and weight of
debt aad taxes. x . Small
landed proprIetors were generally
ruined from the fall of prices the
the magnates stood forth in increased
luster from the enhanced value of
their revenues industry was querulous
from long.continued suffering wealth
ambitious from sudden exaltation.' =
Continuation of History OF Europe,
Volume /, Page ).
"And, again, he says:
THE effects of this sudden and
prodigious contraction OF the currency
were soon apparent, and they render
ed the next three years a period OF
ceaseless distress and suffering in the
British Islands. The accommodation
granted by the bankers diminished so
much in consequence of the obligation
laid upon them Of paying in specie.
when specie was not to be got, that
paper under discount at the Bank OF
England. which in 1910 had been
e23, 600, 900 and in 1915 not less
than e20,660,000, sank in 1920 TO
c4,672 900, and in 1921 to c2,722.-
600. This effect upon prices was not
less immediate or appalling. They
declined in general within six months
TO half their former amount, and re-
manned at this low level for the next
three wears. Distress was universal
in the latter months of the year 1919,
and that distrust and Encouragement
was ielt in all branches of industry,
which is at once the forerunner and
the cause OF disaster
The land owners Of Great Britain
at the time Of the passage of the bill
numbered 100000 persons. BY rea-
son Of the ruinous consequences Of the
fall in prices they became reduced in
the course OF seven years TO 10000 in
number. or less than one fifth, while
) per cent. of the population became
the subjects Of support by organized
charity. The idleness and distress
among the people became SO universal
that mass meetings were held in all
towns and cities, some of which were
attended by as many as 10000 per
sons. Collisions with the troops oc-
CURED, in which many were killed
and wounded.
Speaking OF the effects OF this same
bill establishing the gold standard,
Sir James Graham, in his tract en-
titled Corn and Currency published
in 1926, says
Whether we regard public debts
or public burdens, the effects OF the
measure of 1919 have been to enact
that for every less sum owing a great
er shall be paid prices falling, but
pecuniary engagements remaining I'M
diminished, the farmer has no profit,
a., lanliar1 ~, ra,, Tho ,nonuE,c,urar