The midland journal. (Rising Sun, Md.) 1885-1947, 1899-09-01
Our Export Trade and Its Lessons.

N-S~A- ) ~ @0II'
fl, 227,443425. Almost all of this vast
amount of the products of this country
has gone to pay interest and debts held
by foreigners. Our bonds and stocks of
various kinds have been purchased by
investors i'll foreign countries and they
receive their interest and dividends in our
products. The lower the price of that
produce the more Of it is required to pay
the interest and debts held by foreigners
and the better it is for them and the worse
for our people whose labor produces this
merchandise. Hence the fall i'll price is a
great advantage to the people who own the
debts and corresponding disadvantage
to those who pay them. What is called
the gold standard is the cause of the low
range Of price that this country has suf-
fered under since 1873. The products
that were sold by this country last year
should have brought our people at least
rs per cent more than was received for
them, and have gone that much further
in liquidating debts and paying interest.
Ever since these people who own the
debts have succeeded in having silver
cast out from the minis aud gold only
used as a money metal, the scarcity has
caused gold to increase i'll value and all
the products of labor, merchandise, to fall
in price. This state Of the markets is of
course great advantage to those who
own the debts, they can buy so much
more property with their interest and
debts.
Had silver remained a money metal
since 1873, as it had been for ages before
that time, the quantity of the worlds
money would have been almost doubled
and prices of products of labor would have
been rs or 80 per cent at least higher
than they are today. This country has
been suffering under the reign of low
prices since 1873, and the debt holders
and produce buyers of Europe have
profited TO the same amount that our
people have lost by this financial bunco
SauiS vi tiS SOlA obdhtdl'l lHNChlCd ny
the Rothschlds. When will our people
be emancipated from this craze Of the Jew
gold standard and think for their own
interest in place of as directed by the
attorneys of the gold ring of Europe who
control the Republican party and have
got control of the daily press Of the
United States?
The same law that places our products
in possession of the debt holders of Europe
at rs 10 80 per cent less than they should
command is.in operation at home The
rich, money class buys the products of
the industrial, producing class at IS to 80
per cent less than they should fetch The
mortgages and debts they own are fixed
at so many dollars. That sum does not
change, and the lower prices can be forced
down the more of labor's products their
debts they own will command.
The low price of products influences the
price of real estate or farms, but the mort
cages hold their number Of dollars, let
they may. Is it not plain that every
farmer should choose the side on which
his interest lies? 1t appears to be very
plain and yet they do not do it. They are
the main stay of the Republican party
which is steadily crushing their life out
by its gold standard
There iS NOT tho cl,aJo,u IF doubt
if silver had not been demonetized in 1873,
this country would have been clear
of foreign debt and farms would today
command IS to 80 per cent more in the
market than they do, and that thousands
of farms that haye gone to satisfy mort.
cages placed upon them i'll more pros
porous times would have remained in
possession of their former owners who
worked their lives almost out striving to
pay the interest which finally devoured
them, because the comparative scarcity
of money, measured by the amount of
produce it had to be exchanged for, drove
down prices till flesh and blood were not
equal to the contest between falling prices
and approaching money.
This scarcity of money measured by the
demands of the steadily increasing pro-
duce of the country, has driven all bus
mess onto a credit basis. Scarcely
business transaction Of any amount is now
on cash basis. Everything is credit,
discounting the future for the needs of
the present. Every credit transaction has
its quota of interest added to the bill and
the debtor pays it. 1t would be a mark
of egregious ignorance to think that even
one days credit did not carry with it its
quota of interest. And thus the money
loaner steadily devours the wealth pro-
Queer. And this is the end and aim of
the gold standard, and these are its
natural results.
10 argue, or rather attempt to argue,
that the United States is not able to estab-
lish the free coinage of silver and fix it
throughout the world, on par with gold
at our present ratio, is evidence that the
persons making the assertion have not
studied the question and do not understand
the commercial power of this country.
The domestic business of this country is
as great, if not larger, than that of all
Europe combined, and to suppose for
moment that such a volume of business,
which is steadily OIL the increase, would