The Louisiana populist., 1897-09-03
PRICES STILL FALL.
The BON DHOLDER AFTER THE
PRODUCER.
Nothing Makes 4 Man So Hon.s,ok T.,
is own Homf IS to See Everything
Shrinking from Year to Year Except
His Debts and Faxes.
(By solcn chase, of Maine.)

"ASu Puu III Iue CulCdSO
convention that vas heard around the
"orld. 1t was png-distance shot. 1t
uls EN- IN Wal ttreet; it hit em in
LONDON, IN Paris and in Berlin.
The question tnst Bryan thrust into
The face and eyNs of two continents
Is the question ef higher or lower
prices. The m.Dltns who voted for
mchlnley voted u lower prices, and
they nave got 1T they voted for.
Inc millions wh1 foted for Bryan
voted 1or higher NSes, and we did
uot get what we oPd f9r, but we are
going to pick our fiihts and try again.
Inc Dattle OF the 'taldards is battle
tor nlgher or lowe. pt ces, and nothing
else.
The conflict Is Stween the bond
holder and the plodscer. The term
producer includes tvey man, woman,
and child engaged N lr dependent on
the productive Industries of the coun-
try. The term bonfEolder includes
the money-lending FRAY yarnity of every
stripe and feather. y
II the money len Fen loans money
that is worth ten pIurtIs Of pork to
the dollar and gets lis pay in money
that Is worth twenty pounds of pork
10 the dollar he gets hisSpork without
feeding any corn to thelhogs. If on
the other hand the farner borrows
money that is worth ten pounds of
pork to the dollar and psys the debt
IN money that is worth tw}nty pounds
OF pork to the dollar he loses the corn
ne feeds to the hogs. Thia illustrates
how falling prices benefits Ithe money
lender and works injury I'd the pro-
ducer.
Last year l bought nes' hoe for
twenty-three cents. This II ar / can
buy the same kind Of hoe .'or twen-
ty cents. My last year hoe isinot worn
out. 1t has got rusty, but cIuld take
ait down to the mill and grine the rust
of on the emery wheel andlmake 1t
do quite well for another yer. If /
use the old hoe the twentylcen I
should save would buy three lecks of
Western corn or six yards of NV Eng
land calico. Judging the futurR by the
past, il l hoard the twenty csats for
year, can then buy bushel Af corn
or yards of calico. If let tht twen-
ty cents lie idle for year | shall gain
peck OF corn or two yards OF calico
by the rise OF money-that is shall
take peck OF corn from the primer
or two yards Of calico from the I1anu-
facturer without money and without
price. II use the old hoe / rIstrict
the consumption Of hoes and rfstrict
the production of hoes and thereby
restrict the opportunity of employment
for labor. / use the old hoe because
the price of new hoe in money un-
der the effect of the existing gold
standard" will take on a streak oi fat
while am using the old hoe.
After l6 to hoes and hogs will rse
There will be confidence in hoes and
In hogs. If hoard in money the phce
of hoe for year that money Will
take on a streak Of lean. There will
be conf1dnce in business men and
geonhden& in producers, because tyre
5 will be dividends in business and d',i-
dends in production. But now UNI ar
the EFFECT Of the existing gold stll-
dard'' the money lender gets richer "
diminishing the value of the .prope,v
of the producer and the dark pail q
4 falling prices hangs like the gloom a
midnight over the face of our fai,
land.
We are told by the fnanciers th a,
we are all going to get rich by buy.
ing cheap, and what a good thing 1t is
for the crippled pensioner, the popr
widow who is living on her small saw
.ingsI and to the laboring man to in
crease the purchasing power of the
dollar. II the purchasing power of thu
dollar Is increased until the shoemaks
er can buy his meat for cent pound
the hog raiser would not wear shoes
half|the year round, but the bondhold-
Aer would get 100 pounds of meat for
Shis dollar. and the country would bel
filed with tramps who could not get
SO much as marrow bone to grease
their chops"
II low prices is a good thing, haven't
we received about all the benefit we
can from falling prices, and wouldn't
an upward turn of values be Z healthy
change? Every laboring man sixty
years old who has earned his living by
the sweat of his brow knows that the
good times come with high prices and
hard times with low prices. The rise
Of prices that followed the discovery
of gold In California and Australia
lighted the torck Of civilization In dark
zplaces and raised the standard Of liy.
/ ing Of the toiliny millions the world
over. If the new hints had been silver
instead OF gold the result would have
heerl the same. At that time silver
and gold at is to / were both standard
money. The silver dollar would buy
"a much merchandise as the gold dol
lar the world over. When new mines
~ silver were discovered In our own