The Caucasian. (Clinton, N.C.) 188?-1913, 1896-10-29

sNht's Ftrty &&t8r&f trrsr~.
nou. us ~as . Proninsn, iszs.r s.s
TIE Usodle-os-sh~-ksd -I-za-nt. .-a
rAs eoe of the i.asirE nam. h-sor,
ste Asedse~cf-th- Rnat Sas~u. ta- ,n~
pcrninsfioa for fr~.i2rns. Th., 18th
take The Erused shz, uoahins ss.sl.
allow suy fopGlsss, to fail IN III. def,
tn naa- Bryss rr~.iarn, ai thI. r,u.
eisl r-rtot la Amsric.n hi.sas,
hey say shat ever, thing thai tho r,o-
pies part. las ennt~uded fos 4. ~
stake. aud that if Mekini~y 8. .lrc,~s
every es;i that the People. party vss
Termed 70 strive against will tri1n pr.
rHE wHrar SANALKks R1irsNa rEs
GOLD .AssisRs
Ws~n the sudden ris~ in wheat ON
the stick markets occurred q few say.
ago w&seiu gion corre, pona~ur IN
t~Tslewsi nsmh~r Of m.n promsn~nr
in the political esmpaign ss To the
meaning of ih,s ris- and is eject on
the cAmpsigu. The following to an
iui-rvitw of senator Butler, chairman
oil the National Peoples party COM
miilee
The jump In wheat !. siupiy an
other eyldenc. of what the American
public has known for y~arr-that 10.
s'sH' ~ w n f&tEnt 3
controlled by spsculaiion aud that the
price of any product thus controlled
can b- temporarily lowered cr rsi,ed
AZ wall by those who bold the calls for
future delivery.
IL is well known that the purpose of
the proposed snti-op,ion law VA. TO
prevent speculation from thus builing
aud bearing the market price of Amer
lean staple products. This law vas
fought by those who have made i'm
mense fortunes in specuiaiing upon
the products produced by American
labor. IL proper and just Ant,-option
phi had been passed. and We had an
honest hnancial system, aud -quirshl~
transportation rates, this present false
and celu-lye squirt IN wheat for cam
paign purposes would not have &C.
CURED.
While this anti-option law was be-
| Tore Congress, more than one grain
specUlstor on Wall street WAS forced
TO admit bef. re congressional invpsti-
CATION committees thA- the combined
speculators, known as bull. aud bears
had IL In their power - reverse the
natural law os suppiy aud demand,
| regulating price, and To even force up
price ia the face oi Nm increased crop,
or 10 decrease price in the face Of .
short crop whenever il WAS to their De-
cuniary interest to do so.
No one denies today that few men
! control the money market, ard some Of
| these men have boasted thai they
could produce panic at pleasure, and
we have had sad experience TO prove
that they could make good their boast
The same kind OF combinations TO-DAY
to certain extent controls the price
OF farm products. when a MONEY
panic occurs, il is simply proof OF the
power of manipulators in money; wher
a spurt In products occurs IL IL simply
a proof of tie power OF the speculation,
who never produce bushel Of wheat
or corn or oats, or a pound OF cotton
to control prices of farm products
produced by farm labor.
You ask me what effect the rise in
wheat will have upon Bryan votes.
answer that il is an object lesson il
favor of Bryan that can have no Othe
effect but 10 increase his vote. Tn,
farmers understood the evil effects o
speculation controlling the price o
their products when they petitionet
Congress for the anti-optIon law, an,
they also thoroughly understand VIII
prevented them from gettiDgi-. The,
understand the evil effects Of a corne
IN money when they are now Joinin,
in fighting Mckinley and the gol,
standard and supporting Bryan. The,
understand, too, that no matter what
ever temporary rise comes from specu
latiOn in the price Of wheat they ge
no benefit from it, because the whea
has already passed out of their hands
| Circumstances force the farmer {,
market his product Immediately afte
> gathering, but even where there is
: farmer here and there who may hav
some wbest he will find if he under
takes 10 offer il on the local market to
day that he could not realize the price
. quoted on the stock market. The whea
farmer understands that these spurt
in the price of wheat never beneii
him, as the cotton farmer understand
that cotton goes up just about plant
ing time instead of selling time.
a panic In the money market, an
the. sale Of more United States bond.
would today clearly be in Bryan's IA
yor, as this unparalleled speculation il
wheat will be in his favor.
In short, our reports for the last tw
weeks have been showing an unusua
rise in Bryan stock, especially in tn
grain producing States Of the Centrs
West; and this object lesson OF Wal
street speculation in their product
: will cause Bryan stock 10 more ths
keep pace with the rise in wheat"
DONATION JoSss.