The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1897-05-29
FARMERS CLUB.
Continued from Page l.

the dollar.
Then setting up the further theory that
nothing but gold can be used safely by peo-
pie for basis of circulation when history
points to the fact that when only gold has
been used us a basis Alone the money has
been boarded and the masses have been i'm
poverished and the farmers the chief pro-
ducers of wealth have been absolutely alb
sorbed by the specializing class of money
lenders. Cecil county for instance, with its
one million in mortgages, and probably as
more in promissory notes at a high rate Of
interest is fair criterion Of what can be found
throughout the country
Can we by legislation return the farmer to
his normal position? Yes. If by legislation
the values have been legisated out of our
farms into the pockets of the money power
certainly by legislation the farmers can be
secured fair share of prosperity-that is
the values can be legislated back into our
farms; il not, we will be bankrupt people,
The Supreme Court of the United States in
IL Wallace, pages 563 and 564 has decided
that when business begins to stagnate and
general bankruptcy is imminent 1--WE have
that now then the government must have
the power at the same time to renovate its
own resources and revive the dropping ener-
gies OF the nation by supplying it with cir
culating medium, what the medium shall be,
what its character and quality, will depend
upon the greatness of the exigency and the
degree of promptitude which it demands.
! The heart of the nation must not be crushed
out, the people must be able to pay their
debts and meet their obligations. Tho debtor
interests of the country (worB) represent its
bone and sinew and must be encouraged to
pursue their avocations. (Thc writer assumes
that the people have seen very little in con
! traction. and the gold standard to encourage
them to pursue their avocatiop.) Then the
court says if relief were not afforded. uni
versal bankruptcy would ensuc, and industry
would be stopped and the government would
be paralyHed in tho paralysis Of the people,
| If this decision of the highest court in the
land don't point directly to the greenback rs
the medium Of relief, the writer. who was
paid in grecnbacks in war times, when gold
"'ht O''' VI SiSIL' - ltiHll, anu IL Is my
| firm belief that we will have to return to the
greenback, based on the taxable power OF
the government before We will regain pros
perty.
1t is truthfully stated that the Western
farmers have lost their credit. 1t happens to
be my experience that it is So although not
personally engaged in farming, though am
interested in farming withal there. But how
about the credit of our neighbor here?
copy the following: The Farmers Institute
met at Bcrk's county, Pa, l.. S. Kaufman,
lecturer He dWeit upon the great depression
in the farming interest. He stated that the
mortgages on the farms in Berks county were
?9OOO,OOO, in Lancaster county 5000, 900,
too large for belief. That the rate of interest
was too high, etc.
Fcllow-members of the club will not hold
you longer on so painful subject, have
already consumed too much of your patient
attention. L. MOVES.
Comment on the essay being in order Mr..
Duyckincli said that it was very evident that
the conditions now existing were not the
result OF the want of revenue, and he cited
the recent speech of John Wanamaker to the
effect that under the present administration,
the prosperity promised the country had
not yet materialized.
Mr.. Kirk said that from the essay the infer
ence might be drawn that all the mortgages
on farms were the result OF contraction OF
the currency. Statistics he had read showed
that less than three per cent OF all mort
cages on farms were the result OF domestic
expenditure, and that in other occupations
the percentage was over four per cent. for
| improvements etc, showing that farmers IA
a class were doing better than other business
classes.
Mr.. Rawlings thought that in Cecil county
in the last twenty years, there had been ma.
terial improvement in the farms of Cecil
county, and that possibly the mortgage in
debtedness resulting from it was now troub-
ling them.
Mr.. Ewing said the essay was straight
goods, that the gold standard which means
contraction of the currency. is the cause of
the existing business depression in the
country.
Mr.. Wilson, while he approved the general
ideas OF the essay. said there were other
causes contributing to the embarrassment of
the farmer besides imitation. He cited the
tendency TO eXtravaSant expenditure as one
of them.
The President designated Messrs. Duyck-
inck, Rawlings and Kirk the committee to
examine Col. Noyes stock and premises.
Upon re-assembing after dinner Mr.
Duyckinck. chairman of the committee on
premises, reported the fine condition Of Col.
Noyes' dairy and COW stables and the excel
lence of his stock. Mr.. Kirk said that take
it all in all. Col. Noyes had as fine a 10. of
COWS as he had seen this season.
Mr. Kirk asked the club if any member had
ever tried the stall system in the construction
of swine house.
Mr. Duyckinck was the only member of the
club who had ever seen ono so constructed in
Pennsylvania.
The club adjourned at o'clock D. m. to
meet at Mr.. w. w. Moore's on Wednesday.
June 9th.
AfNhs