The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-10-28

say that everything that the Peoples par
ty has commended for is at stake. and that
if Mckinley is elected every evil that the
People Party was formed to strive against
will triumph.
THE WHEAT GAMBLERS HELPING
THE GOLD GAMBLERS.
When the sudden rise in wheat on the
stock markets occurred a few days ago.
a Washington correspondent interviewed a
number of men prominent in political cam
paign to the meaning of this rise and
its effect on the campaign. The following
is an interview of Senator Butler, chair
man of the National Peoples Party COM
mittee:
THE jump in wheat is simply another ev-
idence of what the American public has
known for yearS-that is, that the market
to certain extent, is controlled by specula-
ton. and that the price of any product
thus controlled can be temporarily lowered
or raised at will by those who hold the
calls for future delivery
"1t is we'll known that the purpose OF
the proposed anticipation law was to pre-
vent speculation from thus bulling and
bearing the market price of American sta
pie products. This law was fought by
those who have made immense fortunes in
specializing upon the products produced by
American labor. If proper and just anti
option bill had been passed. and we had an
honest financial system, and equitable
transportation rates, this present false
and delusive squirt in wheat for campaign
purposes would not have occurred.
while this anti-option law was before
congress more than one grain Spectator
L1fN
congressional investigating committees,
that the combined spectators, known as
| bulls and bears, had it in their power to
reverse the natural law of supply and de-
mand, regulating price, and even to force
up price in the face of an increased crop,
or to decrease price in the face of a short
crop, whenever it was to their pecunlary
interest to do
No one denies that a few men control
the money market, and some of these men
have boosted that they could produce q
panic at pleasure, and we haive had sad
experience to prove that they could make
good their boast. The same kind of COM
binations today, to a certain extent, con-
trolls the price of farm products. When a
money panic occurs it is simply proof Of
the power of the manipulators of money;
when a sprut in products occurs it is simply
proof of the power of the spectators
who never produce a bushel of wheat or
corn or oats, pound Of cotton, to con-
troll prices of farm products, produced by
farm labor.
"You ask me what effect the rise in
wheat will have upon Bryan votes.
answer, that it is an object lesson in favor
of Bryan, that can have no other effect
but to increase his vote. The farmer I'M
derstood the evil effects Of speculative con-
trolling the price of their products when
they petitioned congress for the anti-option
law and also thoroughly understand who
prevented them from getting it. They I'M
derstand the evil effects Of corner in
money, when they now joining in fight
ing Mckinley and the gold standard and
supporting Bryan. They understand, too,
that matter whatever temporary rise
comes from speculation in the price Of
wheat, that they get no benefit from it,
because the wheat has already passed out
of their hands. Circumstances force the
farmer to market his product Immediately
after gathering, but even where there is d
farmer here and there who may have some
wheat. he will find if he undertakes to Of
fer it the local market today that he
could not realize the prices quoted on the
StOC- market. Inc wheat ldIuleT uIueT-
stands these spurts in the prices of wheat
never benefits him, as the cotton farmer
understands that cotton goes up just about
planting time instead of selling time.
"a panic in the money market and the
sale of more United States bonds would
today clearly be in Bryans favor, as this
unparalleled speculation in wheat will be
in his favor.
''In short, our reports for the hist two
weeks have been showing an unusual rise
in Bryan stock, especially in the grain pro-
ducing states of the central west and this
object lesson of Wall street speculation in
their products will cause Bryan stock to
more than keep pace with the rise in
wheat" Jonathan Jones.