The free press. (Poplarville, Miss.) 1890-19??, 1900-08-23

LII our ITdup WIN LIE VIM
sets the price on our exports?
England, as the clearing house or
credit center of the business world,
sets the price.
How do you know?
Taking a sample case and follow it,
like wild weast. to its lair. Grain
is chief export. A farmer comes to
the station with ten wagonloads, or
carload of wheat. Does he fix the
price?
No.
He asks the price?
Yes.
OF whom?
The grain buyers.
How does "he" get 1t?
BY telegram from Chicago.
How does Chicago fix the price or
the buyer and the farmer?
Chicago gets it from New York.
How does New York fix the price
Of wheat for Chicago, for the elevator
man and the farmer?
New York Board of Trade gets it
by cable from London, where is starts
at 10 o'clock In the morning and cow
ing to the difference in time) 1t
reaches New York and is repeated
through Chicago, Kansas City, Mime
apolis, Omaha, to Boggtown cross
roads before 10 o'clock the same day
How does London fix the price for
New York, Chicago, Minneapolis,
Omaha and Roggtown crossroads?
All the nations Of the world owe
London, the Rothschilds, the credit
center of the world. London wants
foodstuffs, and will take her pay on
OUR Indebtedness in either gold or
grain or other products. The debt
calls for "gold"-gold dollars contain
ing fixed number of grains of GOLD.
If the coins are light through wear,
they are rejected, so in the final analy-
sis cur debt is named in the law as a.
fixed weight" of gold"
Our debt owing in London Cor Eu-
rope, OF which London is the clearing
house, is SO large that it would take
more than our entire stock of gold
to pay the INTEREST. Therefore, if
we would keep gold" here for
money" we MUST pay in products.
How is the price of products fixed
by the debtor Omitted States) or cred
itor (Europe)?
By the creditor, of course. The debt
is due him in gold" and if he "kind-
ly condescends" to accept payment in
anything else he must and does and
will in future fix the price at which
be will kindly" and "condescending-
ly" accept payment that is due in
gold" and you can either furnish the
products at HIS price or PAY THE
"gold"-as named in the bond"
But how is the price fixed?
London, Rothschild, Europe, our
creditor needs food and clothing, and
London says she is willing to pay us
the same price for wheat that she has
to pay in Russia, India and Argen-
tine. So yesterday she cabled for the
price of grain in the cheapest, poorest
| paid pauper labor country in the
world and today informs us she will
accept" our grain at that price or
we must pay her the "gold"-as
named in the bond-and she will buy
| the grain over there.
That is how the price" is fixed in
London TO New York, Chicago
Omaha and Boggtown crossroads.
How is payment made? Don't Eu.
| rope pay us gold for grain and meal
| and cotton?
No, Europe does not pay us gold.
On the contrary, while we send abroad
a thousand million Of dollars worth oil
products a year, instead of getting
pay in gold, we send some gold and
silver along with the goods.
What, and get nothing in return?
Precisely. We get nothing" but the
interest coupons clipped from the
bonds held abroad, which clipping in
no degree reduces the principal or pays
the debt, but after we have annually
poured our thousand million dollars
worth of products into the lap or nav
of London for one hundred years, We
| find that this entire vast export has
not paid the interest, and the debt has
grown larger by the sum so unpaid.
But look here, the Republican party
| has been telling US that this vast ex-
| cess of exports constitutes a balance
! Of trade" in our favor" Is not this
true? And if so. how do you reconcile
it with your statement above?
| 1t is not true.
"If' we took into account ONLY the
goods exported and the goods import
| ed, and eff" we received cash for the
excess exported We might properly
say the balance of trade was in our
favoy, and this half-told story is what
the Republican editors, orators and
spell-binders are peddling for the
truth, when in reality it presents an
entirely false conclusion, for We do
| NOT get cash for the surplus OF eX-
| ports, but the account Is balanced with
interest coupons which represent
nothing" and is only a diplomatic
~, 1a4o IL 4