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The Farmer And Silver

The Farmer And Silver image
Parent Issue
Day
9
Month
October
Year
1896
Copyright
Public Domain
OCR Text

The valué of rnoney depends upon lts quantity. If the material that is made by law the legal standard of valué is plentiful and easy to obtain money wiJl be cheap and high prices will prevail. If that material is soarce and dimcult to get. it will take more of your produce or property to obtain it and prices wil) be low. It is easy to fee that when we have only one metal that can be converted by the hol der at will into redemption money that the tendenoy ia to raake inooey dear and when you make money dear you make produce and property cheap. The free coinage of silver, which sirüjMy means to give silver the same right to be coiued at the mint that gold now enjoys, wil! broaden the basis of our money, make it more plentiful and in that way raise the prioe of farm produce and the wages of the workingman. It is not neoessary to teil you that high prices will benefit the farmer, even though the prices of tbings he has to buy raise as much as the price of things be has to sell, which is not probable, for the farmer always sells at wholesale and buys at retail. The advantage of high prices and the disadvantage of low prioes is therefore obviously on the side of the farmer. The present low priees for farm produce commenced soon after congress destroyed one-half óur money of redemption by demonetizing silver and the decline has contiuned through low tariff and high tariff showing that the tariff has not had any effeot on the price of farm products, but that the cause of low prices is an appreciation of the gold in wbich that produce is meaSnred. Free silver will benefit the workingman beoause it will give 'us rising prices. Kising prices mean increased activity in all lines of business. In this country prosperity rests upon the farmer. When the farmer gets good prices for nis produce he can bny goods of the mercbant, when the merchant sells goods be must .in turn buy of the manufacturer. When the mannfaoturer has a good market for nis wares, he must run his mili on f uil time and pay good wages for his labor. The gold standard advocates admit that free silvei will -make prices rise. Kising prices will bring general prosperity. General prosperity means that all labor will be employed and it requíres no argument to show 'bat wages will be better when every workingman is employed thau they are wnen half of them are out of work as is the case at present.

Article

Subjects
Ann Arbor Argus
Old News