The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1896-08-20
A BLOW TO FARMERS.
Bryan's Election Would Surely
BE Followed by a Panic.
PRICES OF FARM PRODUCTS.
Demand for Crops in the Home
Markets Would Fall Off.
F0RECLOsING Oh MORTGAGES.


That would Be One Of the Natural Re-
euIis Of a Free silver victory-Couid
tbe Farmers Fairly Blame the Lenders
for Desiring to Recover Their Loaned
Money In One Hundred Cent Dollars
Before impending Legislation Would
Change the order of Things?
II IL assumed 10y the supporters Of Bryan
and his policy in the agricultural states
where his followers abound that the
farmers, and especially those who have
mortgnged their property, would surely I've
benefited II Bryan should be elected and
the 80 cent dollar substituted for the 100
cent dollar The purpose ~ the silycritos,
1t Is admitted IS to compel al deposi,o"s
in savings banks, all holders Of life lnsur-
snce policies, all pensioners, and all others
who have invested savings by loaning
them directly or indirectly to suffer IA loss
OF about half Of every dollar which they
own upon the plea that these dollars have
a value twice rs great as they ought To
have. 1t Is assumed, however, that the
farmer will not lose, but will gain.
The farmers who follow Bryan have been
deceived While it is probable that those
who would suffer the most severely are
the wor.iugmcn, the farmers would stand
very ucs~ hem on any scale that should
measure the misery Of the people.
Undoubtedly the election Of Bryan
would be- followed by n panic. This Is adj
mittyd by tha silvcrites themselves. There
would hc destruction Of confidence and
apargiys. of credit. Would not this affect
the farmer. Can the farmers isolate them
selvc, and escape the effect Of depression
that is and must be felt by all other classes,
spectators possibly cxceptedY Even "
Bryan should be elected, at least eight
months would elapsc before the silver
standard could be adopted by legislation.
The panic which would follow his election
would depress the prices farm products
the paralysis of credit would deprive the
grain grower Of the sustaining power which
carries his crops after they have been
harvested and facilitates an advantageous
- ,Sn'i.. ,riand for these crops in the home
Gs which lid fall off, owing to the condi-
tion ol ,cnt worldngmen.
What would be the experience Of those
farmers who have borrowed money and
given mortgages on their holdings, many
pf whom hope 10 be- enabled 10 pay of
those mort cages at 53 cents on the dollar,
perhaps overlooking the fact that they are
conspiriag to rob the widow and the or
phan? According to the government re-
ports, the average life Of mortgage in
this country on farm property is about
four and One-half years. 1t is now stated
by western men who appear To be familiar
with the farm mortgage business that n
majority of the farm mortgages In force
are dine; that Is to say, that the terms OF
them have expired and that they oontinu,
In existence because the lenders are salts
fled with the interest received
Would these lenders holding mortgage.
overdue, take no action II Bryan should
DO elcctedf Does not the western farmer
sec that they would demand payment and
that they would foreclose II payment
should not be madei Would not the elec
rton Of Bryan be followed by general re
sort 70 foreclosure proceedings on the par
of mortgage holders who could legally
take such coursei Would even the offe,
Of renewal Of IA mortgage upon term,
binding the farmer to pay in gold prevent
the lender from undertaking to reclaim
kn ~. n
legislation which shall prevent the max
ing Of such agreements Could the farm
ers fairly blame the lenders for desiring u
recover their loaned money in 100 cent dol
lars before proposed and impending legis
"a ton should compel them TO be satisfied
wifi, 53 cent dollarsg
Whls. would bc the effect upon the farm
ers, whether silvertes or advocates O
honest money, Of the inevitable panic con
ditions and this foreclosure movement
And n the lyer standard should be adop
ted by legislation eight months or yea
after the election of Bryan does the farme
think he could then borrow more none!
without great diiilcultyi Does he think
IN the whole that the agriculturists o
the United states can gain anything by
poiicyoi robbery and repudiation whicl
would make us detestable the world over
There are many farmers-a great many
we bclicye-who see clearly how grea
would Dc the injury inflicted upon GU
AgrioultIrlsts by the election Of Bryan
These should strive 20 enlighten those til
er, II the soil who have been misled b
hired agents Of the mine owners and othC
dcmugogucs. York Times.