The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1897-05-29
FARMERS CLUB.
FINANCIAL MATTERS DISCUSSED.
Regular Monthly Meeting at Col. Enoch
NOyes' Near Port Deposit.

Wnen tne lOllOWlnS responded TO tnelr names:
Henry S. Coudon, L. Neyes. John P. Wilson,
Alfred Kirk, James H. Maxwell, Robert X.
Rawlings, L. l.. Duyckinck and II. r. Torbert
The only visitor present by invitation was L.
+. Ewing of the midland Journal"
The minutes of the last meeting having
been read and approved, and reports of
experiments being in order Mr.. Duyckinck
said that he was in the habit of apply
ing yearly in the spring a shovel of un-
leached ashes to the roots of his fruit trees,
and thought it Il comparatively efflcacious
remedy for borers. Out of more than hun
dred trees, apples and peaches, he had this
spring found only two trees affected.
Col. Noyes recommended from experience
a weak solution of Paris Green in water rs
an eIlicacious spray for the currant and
gooseberry worm. He used Il teaspoonful of
Paris Green to common pail of water, keep
ing the solution well stirred.
The regular essay being in order Col. Noyes
submitted the following paper:
THE AMERICAN FARMER on GOLD BASIS
HOW CONTRACTION OF OUR CIRCULATION
AFFECTS HIN.
If the former soldier of the North had for
seen the effects of contraction Of our circula-
ton of money, and that his greenback would
be retired into gold bond, principle and
interest payable in gold, Wall Street alone
would have had to met the Southern soldier
on the battlefield.
If the farmers in this country had been
aware that industrial slavery was to follow
chattel slavery. not a gun would have been
fired to free the slaves.
If the peoples greenback worth 40 cents
in gold, ard brought prosperity to the pro-
ducing classes after the war, and they invested
in realities in lands, etc.. would be retired
into bonds, paying no taxes, costing 80 cents
in greenbacks to the bondhoder, finally made
worth 5l.30 in gold to the bondholder, the
people OF this country would have rebelcd
against the conspiracy to rob them, for the
bond is no better than the greenback they
are both only promises to pay.
II the farmer had been aware of the con-
spiracy of 1873 to give to our common enemy
the English government-our wheat, cotton,
wool, etc. on gold basis, the abominable
conspiracy of demonetization of our silver
would never have occurred.
If the question OF money alone had been
| the whole and only issue, Cleveandism and
gold bugism would have retired from sight in
our last election. The above consideration
will qualify in Il measure what | refer to
hereafter. If all money in this country is
the medium of exchange only, it becomes
necessary to have as much primary money as
can be found in our two metals-god and
silver-as they are the measures of our
values; our products. double the measure,
and we receive double the price for our
products. The greatest real prosperity ever
experienced in farming was in the flfties up
to 1857. when we had n suf1lciency of primary
money in the gold from California, and silver
coins of all civilized countries. The Crimean
war and the Irish famine, the decentralization
Of foreign silver in 1857 started the panic of
that year. | repeat that we had the most
general prosperity at that period, and wthal
very moderate tariff. We had not then
learned the secret of eXhausting a surplus,
as our government was run more in accord
with the interest of the people, sixty million
then. over one billion now. What is to pre-
vent our patriots in Congress to use two
billions if they can fool the taxpayers of the
country to raise the amount?
Under Il gold standard and starvation
prices for our products can the ratio be right
when it requires double the amount of
products to get the money that we receive
now? | don't believe u farmer of ordinary
intelligence can be found who will say that
gold as measure of values, which is con-
trolled by the Jew Rothchld combination
alone and boarded, when necessary, is suffl-
cient, for. whoever controls the money controls
trade and commerce and the price Of our
products. Garfield, who disputes the fact
that the gold measure of Liverpool makes
the price of our products, and who will deny
that if we had our American standard Of
money based on both gold and silver, with
the taxable power of the government in the
shape of paper circulation, based on the
whole taxable property of the country. gold
and silver, likewise that the American people
will not be in Il better position to employ
labor to produce results.
If we are to continue a gold standard of
prices all will have to conform to it. The
banker, with his per cent, the officials in
places of public trust, the lawyer in his prac-
tice, the Doctor likewise the preacher in the
pulpit, and the laborer in his price for his
work. Something like this would follow:
The basis would be probably for the farmer
per cent it don't reach it.
Then . per cent. for loans of money, pro-
fessional and official labor divide by the figure
two, follow this in all lines of non-productive
employment. Then on a gold basis for farm
ing the laborer to get his board and clothes,
this would be as near chattel slavery as it is
possible to get. This is really the situation
today average the farming business OF the
whole county. Now what makes this condi-
ton painfully manifest to the farmer is that
it trains under the name of soand money. This
brings us to the period sprung upon the
country by the great apostle of sound money
the late departed Grover Object-Lesson
Cleveland. who in his infinite wisdom sought
to establish "A new theory that money should
be so good and sound that when laborer got
dollar he could buy double the amount of