The Hope pioneer. [volume] (Hope, N.D.) 1882-1964, 1896-10-08
A Letter From the Farm on the
Silver Question.

u
A Letter From the Farm on the
Silver Question.
Editor Pioneer:
1 have been greatly interested and en-
tertained, by the attempt of tho Colgate
gentleman, to instruct tho readers of
The Pioneer, on subject that he. in his
farewell plant, confosses that he knows
nothing about. Anyone that knows Just
small part of the facts, could have told
him that after reading his first exhibi.
ton of his ignorance. 1t is timo such
blind leaders quit talking, till they,
themselves, at least, think they do know
something about the matter they gabble
about. G. H. W's cry of so cent dollars
is parrot noise-and nonsensc-a reputi-
ton of what has been set atloat by lot
OF Wall street financial pirates who are
trying to feather their nests at the OK
pense of the people, as they have been
doing for the past twenty or moro years.
In case silver carries the day. English
mon. so he says will come back to Us
and buy our wheat with silver they now
are buying las commercial article only
after having it coined at the U. S. mint
into what he calls SO cent dollars. Any
school boy who had given the subject
any study, could tell him such state
ment was unmitigated bosh. The price
for our wheat is set by tho Liverpool
market, and that prico is in gold, so if
We had the so cent dollar, he talks SO
knowingly about. wo would got twice as
many silver dollars as we would gold
dollars. for given amount of wheat.
The Americans arc not all fools yet,
though good many seem to think so.
II bushel of wheat would sell in Liver
pool for so cents in gold, the American
farmer would got it, tho same as the
Russian or anyone else; and if the Eng
lish purchaser paid in silver he would
have to give the equivalent of gold
which, if silver was the so cent dollar c.
| H. w.. and others who know as little of
the subject, talk 80 glibly about, would
be 81 in silver; il silver should. under
coinage on same terms as gold. as before
1873, be at any discount ut ell. Wheat
sold on the basis of tho Liverpool mar
ket, would bring that discount addition
al in every case. so that no farmer could
possibly be. the looser.
With silver and gold as a parity, or
not, the large addition to tho worlds
money will raise the price of commod-
tiles, and the wheat farmer will get u
chance to crawl out of the hole.
| 1t is that increase. that the honest
gold man lwho wants to keep his dollar
200 cent dollar) is afraid Of. Every
writer Oh political economy, says that u
large increase in the money in circula-
tion will increase prices, and all know
that the contraction of money by des
troying greenbacks and dcmonetizing
silver, largely destroyed values. That is
what it was done for; the manipulators
knew such would be the result, and the
loss to farmers and all producers and
property owners has been billions of
dollars; but of course they take no note
Of this, but howl like whipped cur
when it is proposed to reverse the thing
"a little bit.
The men who do not lay any claim of
knowing anything about tho financial
question "had better find out that when
either gold or silver is all used for money
new use and a largely increased de-
mand is created and, If the power be-
hind it is strong enough, and the demand
large enough, the metal is worth what
eyer the law says it shall bo.
Prior to 1873 Franco was strong enough
commercially and Financially, to fix the
ratio between gold and silver at 15H to
/, and it was worth that in England,
where it wac refused access to tho mint,
as we'll as all over Europe. The United
States said it should he lG to and most
all the silver went to Europe. showing
the power of a more favorable law
France was able to fix higher and cor
trolling ratio when she was vastly Less
important in any sense than the United
States is to day, and the demands TO,
and power to absorb money by the whole
world is now many times what it was
then. The only reason certain amount
of gold is dollar, is because the Law
says it SHALL be-the weight of U. s
gold coin has been changed more thai
once, and each time the law has beer
decisive as to the value Of the amount
going into dollar. 1t was worth NJ
more, no less.
Some try to scare us by saying all th'
gold will leave in case of free coinage o.
silver, same as gold; it would do no hurt
if it did run away. it would leave value
Of some kind, it would not be giver
away, and if it was hid in an old boot, o.
in the chimney, how much worse would
it be than now? Where is it now? Wh<
has any? J. V. Farwall, the Chicago
dry goods man, says in the Chicago Re
cord, gold is now mostly in banks ant
safety deposit vaults, and in miser'
stockings in circulation.
Another fake of the gold lunatics is
that labor will be reduced to the pay o
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