The Prince George's enquirer and southern Maryland advertiser. (Upper Marlborough, Md.) 1882-1925, 1896-08-14
[ WRITE" for "1hr E"quirrr.
CAMPAIGN TALK.


money only, or the most of which is mon
ey or good debts due hm-a man in this
situation wants scarce money. He wants
1t scarce because there will be Il greater
demand for it and he can get more interest
on it and then, besides, the money he has
will 10 worth much more to him, because
prices are down when money is scarce and
he can buy so much more with the same
amount of money.
On the other hand, the farmer and pro
duccr want money plenty, because their
property does not consist of money but Is
in land and farming stock and their own
labor. With scarce money the prices OF
all this kind of property is kept down and
keeps getting lower year after year. SO
that il takes more and more produce every
year to get Il dollar than it did the year
before. The free coinage of silver (Which
is not now allowed) means m"'e m"n"V for
the farmn. and producing class, and this
is why the whole south and west are in
favor of it and it is also the reason why
the Eastern states and great cities who
own the bonds and the banks are opposed
to it. They want scarce money because it
makes their money and the debts due them
the more valuable.
1t is often said that if the farmer has to
sell low he buys low. and this makes it
even. But there never was Il greater fala
CIV and delusion. 1t has long been eXplod-
ed in sections where the matter has been
discussed and the people have been in
formed. The following figures clipped
from Southern farmers paper year ago
exposes this pretended argument. A bale
of cotton is taken as the product. but the
same thing can be shown by taking wheat
instead.
t., ti.xnI
prices were as follows: barrel of flour,
$500; l bolt domestics - 40: l key nails,
$3.50: pair shoes. $780, 1 suit clothes.
$1,000; 1 dress pattern. $500. garden seed.
$3.50, amounting in all to 1890. In the
same year IA bale of cotton was worth $40;
deducting the $50 80 we have left for the
farmer, 1910. Now take 1895 when
prices were low. The same articles COST
as follows: barrel of flour, $40: 1 bolt
domestics, $3.50: key nails, $l.S5; pair
shoes, 81 90; l suit clothes so: l dreS-
pattern, $3.50, garden seed, $3.50, amount
ing to $2l.25. In the same year bale of
cotton was worth $4,000 ieducting the
$21 %, the farmer has left 1919. SO that
in 1873, when prices were high all round
the farmer made on one bale of cotton
thirty five dollars and ten cents, and in
1895, when rices were low all around.
he made only $2.1j. And the same thing
will hold true about market garden stuff
and other products. The farmers of the
south and west who have studied the ques
ton for years are not caught with this
kind of chaff. And the farmers of Mary
land will fall in line with them when they,
too. have studied the matter over.
Reader, do you know what has ruined
the farming interest, built up the million
aires and turned on the road a million of
tramps? We give here one item in the
account. We have not space for more.
When the greenbacks were first issued
the banks went to work to run them down.
Then they bought them in at 40 and 30
cents on the dolar-let us say 80 for con-
venience For 5000 in silver or gold IA
banker bought $4,000 in greenbacks.
With these greenbacks he bought IA 500.
90 L. S. bond which paid him 6 per cent
interest in specie. He deposited this
bend with the Treasury as Il security and
received $4,000 in bank notes which rox'
hin. nothing. These he loaned out, at that
time, on an average of 10 per cent. Now
what was the bankers profit. His Origi-
nal investment was $50 90 in silver or gold
For that he received $4,000 L. s. bond
and also $4,000 in bank notes. making
$4,000 for his 5000 His interest on the
bond was $500 and on his notes $1,000 Il
year, making 81 per cent. interest annual
ly. Statistics show that in the best of
times the farmer increas IS his wealth an
nually at the rate of ) per Ccnt-less than
one tenth-Or, in other words the bankers
and bond holders were making money
more than ten times as fast as the farmer.
Under this arrangement the national
banks cleared. in the first sixteen wears.
over 81 son, OOO, 900 from an original in
vestment of *l3a, 100000.
From the beginning, the policy of the
bankers and bond holders has been to
make money scarce by contracting the cur
rency. In detail, it is a long but instruc-
tive history. Only two events can be no
ticed here. The principal of the bonds
which they bought was payable in green
backs, the kind of money they were
bought with. But they had law passed
repudiating this contract and making these
bonds payable in gold and silver, thereby
enormously enhancing their profits and
piling up the load of taxation on the peo-
pie to pay them the increased value. Then,
to make money still scarcer, in 1878, they
demonetized silver by treachery and
stealth. And they are pursuing the same
line of policy to-day. The New York
Democratic platform calls for the retire
ment Of all outstanding greenbacks and
silver certificates. The Republican plat
form is the same in substance. Indeed,
there is no difference between the two,
when the issue is made on banks and bond
holders. Mr.. Belmont, representative of
the Rothschilds in the United States, was,
for long time, chairman of the Commit
tee on Foreign relations in the House,
while in Congress. He and John Sher-
man counseled harmoniously together.
So long as they could keep the people at
war with themselves, the gold kings were
safe. But now, the unexpected has hap
pened. The people have thrown off the
yoke of their old ringmasters on both sides
and nominated Bryan c..