The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-08-17
The Cause of Free Silver.


cunhts Aof thc unprecedented c0ncru.
fraii0n Of wealth into the hands Of the
few.
The evils that must follow In tho
train OF the single gold standard have
but just commenced. The fall In prices
that has already taken place within the
issS 20 years has been mild compared
so that which must take place in the
future II this mad policy Of restricting
the standard money OF the great cJm-
mcrcial nations to gold aione is adhered
to.
In 1923 the creditor combination had
arranged TO extend the gold standard
10 Austria, and II became necessary for
them 10 secure four hundred millions
Of gold for this purpose. President
Cleveland, who was elected TO his high
Office at the instigation and through
the support of the gold combination,
threw opgn the treasury vaults of the
United States. and, contrary 10 law,
surrendered The option of the govern.
mcnt to pay its obligations in either
gold or silver and allowed the gold com.
bination 60 raid our treasury. The
bankers seized upon this opportunity
10 create devastating panic that swept
more than one thousand millions OF
wealth into their Golfers and prostrated
the business OF nation.
The panic Of 1898 did not proceed
from natural causes, hut WIS purely
an artificial panic resulting from the
manipulation of the gold standard and
conspiracy between our Rdministra-
ton and the bankers Of New York.
The long period OF distress that MAS
sure 10 follow the terrible crime OF
1879 was relieved by extraordinary and
unusual conditions that are not likely
to soon occur again. The United States
wus blchsrd with Douutifui haryests
and famine prevailed In nearly all other
countries, causing an unprecedented
demand, which advanced prices for the
products Of American farms. This un.
usual condition prevented u further
export of gold from our shores aud
turned the current In our favor. Fol-
lowing this came an increased produc.
ton Of gold from The Klondike and the
American mines, which augmented the
money supply and brought relief 10 the
American people.
The action OF the tifitiah Indian com
mission in determining 20 force India
to the gold standard, coupled with the
new demand for gold from japan, has
increased the strain upon gold and win
cause all the great financial institutions
OF the world TO adopt stringent meas.
ures 10 retain their reserves OF that
metal The result H. that already Flu.
rupe Is paying premium for gold and
Is removing "a from this country in
spite Of favorable rate Of exchange,
and the prospects are that the exodus
Of gold which har set In will continue
for an indefinite period. Normal crop
conditions throughout the world will
deprive the United States of the adynn.
tnge that IL has enjoyed during The past
two years.
In addition to the foregoing the
United States has entered upon a mad
career of industrial combinations
which are capitalized ut four or FIVE
times their actual value. This water.
ing OF stocks and insane movement OF
combinations In restraint Of trade Is
sure TO cause an artificial advance Of
prices through the power Of monopoly
and TO cheek exports from the United
States and invite imports. Added TO
this our people are visiting Europe in
-. ..--..,..,z s.....I,..r. ,aa s..,Hsu.. larra
amounts OF Nancy abroad. Next year
the Paris exposition will attract three
or four times the number Of Americans
that usually make foreign trips and
cause the expenditure Of vast amount
OF American money in European cap
itals. so that the prospects of the sill
yer question becoming acute in the
United States and cutting prominent
figure in politics again at an early day
Is an assured fact.
America being a debtor nation, SC
long rs an administration IL in power
that will disregard the Law and sur
render the option 10 creditors the
United States will have TO stand the
hgunt of the burden OF the new demand
for gold to supply Russia, India and
Japan.
II n time for the business men,
farmers, professional men and all other
CLASSES who do not live by lending
money and who do not thrive upon the
general wreckage of society TO open
their eyes TO the dangers that are be-
fore us. They should remember that
as time aud tide wait for no man, the
immutable laws of economies cannot
be disregRrded without paying the pen
atty. II does not require great mind
TO comprehend that with n constantly
increasing population and expansion
OF business ard credits that prices must
continue 20 fall TO the injury of all
producers and TO the benefit of all cred.
itors 30 long as money continues 20
gov scarce and dear. Free institutions
Ia the United States cannot survive II
the gold standard is continued ms per.
manent policy National Waterman.
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