East Oregonian : E.O. (Pendleton, OR) 1888-current, May 02, 1888, Image 1

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I i IB
DAILY. m r7mmmmmi fmmm'mmm.
Yh, Hnil-Wrrkl KAHT OlllMONIAW IV 1 W M, I VV HAST llltHOONIAN mil freely iniikii into t J
, now until ",0 .'" '' sZ A . r llm IIAST Olti:(H)NIAN lll.rnry uhon- l(
t"r"',,v" "" wl" ry ,.-,lr.. Th- ,i1.tl.. urn cor- "it
.iiiy i:ast oiti:at)NiAN for flHBHBHBBBHIIHI 11 gg , uit the oiitc whenever Iff
"length of tliiml'r"' ""inara
I r inclined, r M!
VOL. 1.
NO. 52.
" . I I Ml II .1 , . ,. , ,
lias been taken off botli
Woolen and Cotton Goods
Not by Congress, but by
And they now offer their Large and Comploto Stock of
Examine their goods, get their prices, and convinco yoursolf
that the above are not mere assertions, but that tliey will sub
Etmitiiite what they claim. Theirs is not an "Infant Industry,"
therefore they have discarded Protective l5riccs, and will freely
meet competition from all quarters. Thoy carry u
General Merchandise Stock
Consisting of
Staple and Fancy Dry Goods, Men's Boy's and
Children's Clothing', Furnishing: Goods,
Mens Ladies and Children's Shoes
Straw and Felt Hats, Crockery
and Glassware, Groceries,
Hardware, Etc.
I will noil for tlio
t nf ID nor
My Largo Stock of
Boots and Shoes, Harness,
Saddles, Whips, Hits mid Spurs
All goods marked in plain figures.
runaAtiUIN UMAftlrAUNfc, (TellOW
Great Rock Island
TViih7ivnJ KPlnr line In commotion
iromsuPaui aud MInneupoli
T'Chlcnsunml the Ku-tt.
Tu Hu tauln auit the Mouth.
To DeiOloliieN, Leavenworth
Ti n AtrM"ot KuiiHun city
lllO Oalv Linn Connecting with Hie
" Council nl,,(i7V "Con Miort Lino
CltVfor mas Leavenworth una Ramus
Allium PhiZT Sleeping and
l'nhice ninhiy Cars!
'tuffi? 0,1 tl,r0l,8" Express Tral nsi on
in uilMMl UCpcjU,
tes. ninps,
S or NorVi i.; ""Pon no"tof th.o. .
""rto "ern l .:.in wny Com.
Ticket Agent, u. It. a N. Co.,
Pendleton, Oregon.
SlU""n,on W., - "ortH.n.1. Ore.
A1::.' ".')'.". a
-.uui-u.ioiiii .Miuii,
noxt I!0 days at a
out fnr Radii
Ullll 1111 UUUi:l
(Waukcnsaw, Wis.) VEUI1E CLIQUOT
LaDOI.) inch 9 0w3m
Notary and Corporation Seals,
In Pendleton,
Tlie uauul prlco (or eul mmle by other
partlei, In 1'ortlnml or the East, U from (6.00
n $7.00, with express ( barges added. If you
need a eul,eeml your order to ti, nnd mvo
from 13.00 to $3.00 thereby.
East Oregonian Pub, Co..
mhHdtf Pendleton, Oregon.
They do happen every day. nnd when ono
happen to you. you will vlli thut
you wero Intured In Mm
the Tkavklkks' ri wiurces arc HiitMoleni to
pay t oiH'O llio iikui enormous miig of !
I'luluu 1 1 1 " t even no at rutlroiul uiul ieiun
I xiii t ncclili iil ran bring upon It. I'av all
elalmx, wlilioui iikcouui, Ininiedliitely upon
rtn ellil .f 8 'lifai lory roof. on Korfaltnrv
provivloiiii In uli its po:icio.
Ten Millions of Assets. Two Millions
of Surplus.
Clopton & Jackson,
Resident Agents,
East Oregonian building. ondleon.Or.
Governor I'ennnrer' Hieech In 1'tilt
Htiminary oftlie Hpocchefi f CIpnrin and
Tlio Opera Houho wan crowded hint
ovoniny before uluht o'clock to HhIch to
tho HicakcrH announced to bo present.
Tlio Hpcuking was preceded by iiiuhIo by
both haudH. Jlr. 1'itzGerald called tlio
meeting to order, and llti-t introduced
Governor l'ennojer, who read tho follow
ing addrcBH :
l'KNNOVKIt'd Hl'CCCtl.
Fkm.ow CiTizKNs or Umatilla Coi'ntv:
It allbrdrt inu plcaHiiru, after the lapno
of two yeurH. to apiin uddieuB you upon
tho jKilitical iflxncH of tho day.
Wo are now HtauilhiK upon tho
thrcMhold of u now era in tho history of
ottr country, llio overnincnt of tho
United Statca Iuih leen in uxiHtonco un
der tho coiiHtitutlon just 0110 century.
That century hat been imo of wondorful
development and proHpetltv. Our pupula
Hon during thatieridhaH lncreaned from
thico to over nlxty million of pooplo, and
from a narrow pcttlcmcnt along tho
hIioich of tho Atlantic our country lma
expanded until it lum Kpauucd tlio con
tinent with tlio pciHfotcut energy of Cau
eaMlan thrift and ban covered tho whole
laud from ocean to ocean, with tlio Mous
ing of a ChriHtlun civilization. It Iiuh
been a century of unexampled iironperity.
Andean any one woudoratit? Tlioro
Iiuh nover been a jieojilo favored like our
peoplo; them Iiuh never been a land
blotted ilko our laud. Tho human race,
in all ilH mlgratioiiH, finco the time that
Adam turned IiIh back uhjii Kdcn, lum
uoviir found a land like that which wo
inherit. Where eltio upon tho globo.tmch
fertile noil, mich woodlandrt and prairieH,
mtch lake and rivern, wlicro mich fatucBH
of harvcHtB and where cIho haHl'rovldence
Htored in a land of Hitch abundant plenty,
in river bed and mountain Hldo, and in
the deep bosom of tho eartli mich wonder
ful HtorcH of precloiiH tuctalH ati our land
h;iH fiirnlHlicu?
l'oHgcHHing tliCHo natural rcoourccn, wo
could not fall to bo a prostorouH ncoplo.
When population becomes in any locality
crowded, when wagon from any cauno Iw
como reduced, there Iiuh been during tho
last hundred ycarrt for tho oor man tho
privilege of migrating westward and of
making for hlniHulf in tlio now territories
a comfortable homo and an indoiiendout
livelihood. Now all this in changed.
Thciu in now, comparatively HpcuUing, no
more territory where tho poor man cau
make, by his own labor, and without
money, a homo for himself and children.
Hero wo ate at-ceinblcd to-day upon tho
Hhorcrf of tho I'acllic, the westcrumoht
verge ot the continent, and yet tho early
pottlomunt of Oiegi-n dates back nearly
forty ye.iM. Henceforth population in
tills country will become dencer, and
heueefotth the condition of tlio loor and
laborinir cIuhm'h will become harder, and
tho cluincea for the amelioration of their
condition will dccmio lees and less.
lUiieeforth uIho 111010 attention must bo
paid to tlio government of tlio country.
It Is an easy matter to govern a ooplo
w lion all are prosperous. A government
may Ihi guilty of great abuses, and yet
tho gonoral prosperity of thocountry may
tolerate them, nut let theso abuses con
tinue when mich pioHtiority ceases, and
then there will bo discontent, and if those
utilises do not then cease, then thero will
be revolution.
And 1 nay here that thero must bo rad
ical changes in tho administration of the
general govorninont of thocountry in order
to meet tho chaiiL'cd condition of the tro
pic. I rJiall speak plainly. There have
been flagrant abuses in tho government,
which abuses still exist and must lie
1 remedied if wo iih to perpetuate 11 free
i government, 'lho federal government,
especially for tho last quarter of u century,
1 litis been guilty of abuses ho flagrant ami
outrageous, and which abuses are still
continued, that it is a wonder that tho
descendants of tho men who rebelled
against tho llritish Crown mora than 0:10
hundred years ago, have tamely submitted
to tliem. That government has become,
during tiiat jieriod, pimply u powerful
medium for imjioverislihig tho laboring
IKJOplo, and enilching u fow favored
clashes. It lias boon a parental govern
ment, not for tlio bonoflt of tho needy,
but for tho benefit of tho opulent. It is
tho truo provinco of all good governments
to protect tho weak agatiiNtthoHtrong, but
tho federal eoverninent. with a Persia-
tencv of purjwso which hIiowb an infamy
of design has continuously plundered tho
noor for tho bonollt of tho rich. Can thin
bo denied? I-ook at tho special privl-
leges conferred upon national banks, ut
its munillcent grants to rullroud corpora-
tiotis, ut its tariff laws, framed for tho
niiilcliiiiunt of favored classes, by which
a small portion of tho ieoplo havo become
imiiionselv ilch at tlio oxpenso of
tho great body of tho jeoplo, und donv j tlio niutiuiacturer. 1 nut conclusion irom
tho Ftnieacliiuont If you can. thoso statistics Is unanswered ami it Is
Let us for ono moment glance at tlio unanswerable. I'nder tho plea of pro
tarttr, tlio groat injustice which lias been ; tecting munufuctiircs the fanner has
tierpetrated by our tarilf law. Tlio gen- len and still is persistently robbed for
oral government was given tho privilege ! tho benolit of tho manufacturers. Is this
of laying imposts for tlio Hole puipoto of just or fair? From lmo to 1X80 faun
collecting tho necessary revenuo for its wealth increased only WASXfihHMl, the
support, but tlio I'ongrosw bus wi framed farmers constituting idsiut one-half of tho
Homo of its tarilflaws that thoy havo lieou population, while during the mmo peiiod
instrumental in enriching tlio few at tho j tho uthor half ineroaml thoir wealth $3,
oxponso of the many. It has been I .tut.TOl.ittl.or live and a half timet) to tho
claimud by the advocate of tho protective farmers' ono. I did not pnjwioto lather
svnteni that suuli sytont is a benefit to 1 you niucli with llguros, but mj much lias
all ilaei of our pooplo. What! fan I Won wiiil about tlio bh-HMntw of tlio proa
all chuwe bo Usnofltled by a tax? If so ! ent pioioctlvo tarill'that 1 will bojmrdoncd
tlioro is no more need of searching for tba if I statu that Hut cnu loports how
iihiloaopbor'a atone, whicti, it is Uiievod,
truiismuUw into gold ull the baser inotiiU 1
it touches. Tho taxation nmdo by our
t.iriir laws is u taxation
citiBivcly upon our own people, and
if it
can bcnelit allfUHKcs, as
tho udvocates
of protection claim, then itRmttst Mecca-
Barily follow that wo can all bo made to 18(50 under 11 revnuo tariff farm wealth
rich by taxation, provided tho taxes be increased 101 per cent., from 18(!0 to 1870
made high enough. The absurdity of , under a protective tarill ' It increased only
such a claim Is so transparent that It.:!!) percent, and from 1870 to 1880 it in
dee i not doscivo notice. A protective creased only 0 per cent. Is not a pretec
tal itf to bo effective must bo unjust, anditivo tarilf tho robbing of 0110 class for
its effectiveness is only in tlio exact ratio tlio benolit of another class? Statistics
ot us injustice, if It could l.o possible to
franio a protective ta'ifT on just jirinci
icm, ho unit just o.Nactiy wnat ono in
uiiHiry iccehed by it would havo to bo
paid out for the protection of other in
climtiles, then no indwitry would demand
protection, becatiHe it would not receive
any pecuniary Iwnctlt from it.
If any tax, collected from our own peo
ple, was to bo paid out among our own
people, for tho fostetlng of industries, It
uiiisl follow, if unci 1 tax bad looii col
lected equitably, Hint In Its eqtiltablo dis
bursement each individual would icturn
buck jusi exactly such amount us ho bad
paid in, less Ills sluitc of the cost of col
lection and dishttirctncnt. Tills would
bo just. Hut If this woredono, no one
would clamor for a tax fur tho purpose of
tostiMing or protecting Homo industries,
for the reason that no one would bo ben
olltted by it.
It is only bacaiifo the protective hvb
torn is unjust, it is only because hoiiio In
dustries aro benefitted by it, at tho ex
pense of the great mass of the ttcotilo.
that those industries desiro it. There
aro Foveral highly protected industiles
that havo made those interested in them
immensely rich. From whom was that
wealth accumulated? Lrom our own peo
pie, becauso our own peoplo paid all the
tax. And does It not follow that if Home
of our people aro lienelittud bv a tax col
lected from tho whole People, that others
aro injured by it? 'lho Oregon wheat
grower is forced in his own caso, as
ovorylxxly Is forced, as a logical proi0'
Bitiou, to answer that ouostlon alllrmu-
lively. Ho has to comtteto with tho Hast
India farmer. Doth sell their wheat in
the Liverpool market. Tor their produce
thoy got tho same prlco. Hut tlio India
faruior buys what 110 needs in a cheap
freo market, while the Oregon farmer
buys what lie needs in a high protected
Tlio Oregon farmer is thus degraded be
low tho India farmer. Tho protective
tarilf system, which proposes to protect
our own labor against foreign cheap la
lur, may udvantago soma wealthy manu
facturers, but It injures tlio Oa'gon wheat
grower. This is but ono instance of
many which domonstrutes tho fact that
tho law of compensation is inexorable,
and that whllo hoiuo may lie benollted by
a tax levied uiou the wnole people, there
must bo of necessity a compensatory bid
unco who aro injured by it. No mathe
matical demonstration can bo plainer
than that fact.
1 will not on this topic indulge in do
tall or burden you at length with statistics,
but will content myself with citlui; ono or
two instances of tho Infamy of our pres
ent tariff taxation. The duty on window
glass is irom til to U7 ier cent., tlio uv
erago being about 8S jier cent. TI1010
was paid in tarilf taxes on window glass
in ItiSO -1 ,1 7-1,000. Tho census of 1880
shows thut less than four thousand per
sons woie employed in its uiuuufuctuie.
Taking what was paid in tarili' taxes and
tho enhanced prices of mich glass on ac
count of tho protection duty which goes
into tho pocket of tho protected manufac
turer, and it is estimated that tho peoplo
of this country pay over live million dol
lars a ycarmoio for tho prlvilego of allow
ing the tuiulightof heaven to illumine their
dwellings than they would have
bad to pay but for this protective taiifi'.
tied sheds ids sunlight a freo giftupon
hillsides and valleys and all over the ulad
green earth, but tho citizens of this tlio
proudest government of tlio world aro
heavily and outrageously taxod for tho
privilege of letting that free Hiiullght into
their homos. Five million of dollars tiro
paid yearly by tho whole peoplo for the
apparent protection of less than four
thousand workmen. It is a very high
prlco, but It is lor a very noble piiriHwo,
Hut aro thoy protected? Uy tho census of
1800 wo find that tho avorugo wages of
glass workors woro $$'J,tMJ per day. Uy
tho census of 1830 wo find that their av
erage wagos ier day wore $1.7U. Here is
u decrease of 711 per cent, and hero tho
cold stubborn facts dispel that other fulso
claim, of tho advocates of a protective
tariff that such tarilf increases tlio wages
of labor.
You remember that last May at tho
meeting of tho Stato Grange in Salem I
gave statistics from tho census of 1880,
which showed that while the profits of
farinini! wcrooulv 12 iercent per annum.
estimating tlio cost of production ut :i jer
ucro, tlio profits of manufacturing woro
over .10 iwr cent, und assorted that this
undue profit of tho 0110 Industry over tlio
other was becauso of our unjust tarilf
laws that took money from tlio ockets of
the farmer, and put it Into tho iockets of
thu! from lhoO to IMki,
tarilf, weahh in this 1
120 per ivnt. whllo froii
low, uuuvr ti iuujiuu
country iucreuavd
111 18UU to 1H70 It
increased only 7 I'er cent, and from l7o
to IHhO it iiicreasea only 40. per cent.
And now, fanners of l inatilla county, 1
look at tho following figures: From 1830
' show it ami it cannot bo denied.
lleforo Conurcss bcuan the tmconstitu.
tlonul and Iniquitous svstein of protective
tarilf taxation, for tho benefit of manufac
turing and other favored industries, agii
cult til 0 was ono of the most profitable
and honorable occupations in tlio Repub
lic. Now it is all changed. Kobbcd by
law for tho manufacturer who is
protected, by tlio railroad corporations
who have been fattened by gifts at his
expense, and by money sharks of (lie
country to whom the government has
surrendered tho control of the 11 nances of
the country, the farmer in almost daily
despoiled ot the just rewards of ids labor.
And with agriculture, the commerce of
our country Is nlso a Httlferer from this
ruinous protective system. You, whoso
years number witli my own, romembor
ub I do the time when tho Amorican mer
chant marine wuh the pride of the nation,
bearing as it did the ensign of tho Repub
lic on ovory sea to every port in ovcry
clime. Where is it now? Under a revo
11110 tarilf wo led ovcry nation in ship
building. To-day our ship yards aro
comparatively silent. In 1880 Maine did
not build 11 single ship. Protection lias
effectually killed ship building, by mak
ing a vessel cost from $M to 'M per ton
more in Maine than across the Hue In
New llrunswick. Tlio foreign trade of
Great Hrltuln Is moro than (100 per head
of K)pulation, Franco fl5, Germany $:tT,
and our own onlv about ('-'."). In 188(1
ono hundred million was paid by tho
United States for freight, which might
have 1m;cu saved in our own iioclicts if a
u protective tarilf had not obliterated our
shipping and turned over to Gieat Hrlt
uln its currying trade of tlio high seas.
The claim that a protective tarilf is ad
vantagcoim to labor is a delusion. Tho
census figures of the glass workers show
that, and cumulative evidence on that
point cau bo had. Wo have had protec
tion for Bovonty-flvo years. Tho mon
owning ptotcctcd manufactories have
grown immensely wealthy, but none of
their laltorers have ever been known as
millionaires. Tlio protective tarilf is a
protection to tho rich manufacturer, hut
none to the poor laborer. This should all
lie reversed. Protection should bo given
to the poor, ami not to tho rich, huhor
should bo protected, not on tlio ground
that tiny industry should receive protec
tion, but on that broader ground and
moro substantial basis thut fundamental
doctrine which is the very corner hIoiio of
nil just governments that it is an imier
ativo duty to protect tho weak against tho
strong. To that end stringent legislation
should bo liuil, excluding all Asiatic Im
migration us well us that of tho pauper
and criminal classes 01 r.uroH). Aimed
to this, every artlclo that tho laboring
classes eat, drink or wear should be abso
lutely free from taxation, 'lids would bo
just protection. Against such 110 one
could complain.
I como now to another act of parental
ism on tlio part of our government to
the rich at tlio expense of the whole peo
ple. I refer tit the National banking sys
tem. Tho federal government, with a
favoritism to tho rich, which lias signa
lized all of its actions for the last quaitor
of a century, in 1S(H magnanimously
turned over to tlio national banks the
privilege of issuing the paper cttriency of
tho country, ixit us briolly glance ut tho
immense favor which the government
has bestowed upon those ot institutions.
Tho first national hank notes wero issued
in 1801. From that year up to 1880, 11 pe
riod of sixteen years, an average of (luce
hundred million of bank notes were is
sued. This required '.I'M million in bonds,
The buyers of ltonds had a corner on
sccio from 180-1 to 1808. and Ixtught thu
bonds at an average of fifty cents, ho that
tho government, for a loan of l(Vi million
in gold, gave bonds for !t:i0 million, tho
bankers thus clearing lOTt million. Thu
bunkers received U iter cent, interest on
thoir doijsltod bonds, on which theircur
rency was issued which made $10,800,000
annually, and as this was paid in gold
for 10 years at tho uverago premium in
gold of "(1 percent, which amounted to
?.rt,741.',000, it would maku the interest
really received by thoin tlio.rHL'.OOO annii
ally.which In 1(1 years amounted to f 108,.
072,000. Noxt thoy received us u free
u'ift t.'fOO.OOO.OOO In notes which ut 8 per
cent, interest brought thoin in 10 years
381 million. Noxt thoy hud tho benefit
of tho interest on deitosltH which uvcruged
1(1 million, wiucii ut 0 per cent, for 10
years made tl&.iiCO.OOO, then the interest
on tho ltonds held to recover thoso do-,
itosits which inailo f lo,:!00,000 more.
Sum up all these items of interest drained
irom tlio copio by the .National banking I
system und we havo tho unoriuoiirf sum 1
of 8-:i,:;i):,000 paid in simple interest.
Carefully council out it will bo found j
that tho National banking system made
billions out of tho jteople. I
For tills munificent gift tho government J
only charged a 1 per cent, tax, which!
amounted to tlneo millions a year, or
forty-eight millions for the sixteen years. I
'lho national debt liisluiul of being in
bonds for bankers to iuo currency on,
mixbt as well havo Itecu in currency,
wising tint abotu enormous cost.
Hut thu moat luproheusible gift to the 1
rich by the uoveriniient was, when by u 1
rttMohition 01 CoiiiireaM, it made tho one 1
billion nix bundled million of five-twenty
ltonds, uyahlu in gold, thut wuro lawfully
to bo paid in cunenev ,tlius giwng, at one ,
Uiu-fu"tioii, a bonus of four hundred und
i.l.'litl' titi 1 1 iritiu lit it. .11.. rj ( '. .ii.m.uu i il.l
,,aJ. m .j to tho bondholders what it
ought to pay in currency; but it lum
never niudo good to tho poor soldier tho
greenbacks it paid to him, and which he
was coniH'llcd to use at a loss w hich he
could ill afford to bear.
Tho worst phase, however, of tho nu-;
tlonal banking systum Is not tho munill
cent grants which the government gave
to a favored fow, but it is in the fact that
it makes the bankers tho absolute dicta
tors of the llnaiiclal and business ulfalra
of the jteople. Thoy can vary tho vohimo
of currency, and thereby dictate tho prlco
of labor and property. It is an Infamotm
system and It should bo abolished. Tlioro
should bo no banks of issue, State or Na
tional. The government of the itcoplo
should Issue tho currency for the people.
The great demand of thu hour 111 this'
country Is thu leadership of another An-f
drow Jackson, which would, as ho did, 1
take the banking monopoly of thocountry
by the throat and .inuko It dislodge its 1
robber grasp uon the lluuuces of tho ;
nut ion.
TIIK 8!LVi:il Wl'lltiTIIlN.
Thero is still another instunro wiioro
tlio federal government has been parental
to tho bankers ut the expense of the jteo-1
plo of the whole country. Hut this tuiren
talisni Is the most Infamous of all, for the
reason that while in this country it is ben
eficial only to tho national bankers, it is
mainly bciiolkial to the capitalists of
Great Ilritaiu. God, among tlio many
maenlflcent endow ments 1 iu has bestowed .
tiHtn our country, has stored for our bcn
elit wondeiful dciatsltH ofsilser. This,
rightly used, would have been ol incalcu
lable 'blessing to us. Itut with a pcisist-1
ency bom nf selll.-h avarice, thu banking
monopoly of the country has waged unre
mitting war against that metal. You all
remember how through a tiick in 187.1
silver was demonetized by Congress. Hut
some years afterward, in 1878, Congress,
yielding paitlully to a popular demand,
reinonetlz.ed It, hut limited its coinage to
two millions a month, or twenty four mil- '
Hons yearly. The annual production of
silver In tills country forsovcral years bus "
averaged forty-eight millions. Of this
amount twenty-four millions has been
coined and nine millions has gone into
tho arts. What has become of tlio other
llfteen millions? It Iuih gone to Great
Hrltuln. Tho capitalists of Kiiglaud have
been getting that fifteen millions annual- (
lv at 80 cents on the dollar. With that
sliver thoy havo purchased wheat iu In
dia at 100 cents on the dollar, wiioro sil
ver is a legal tender, clearing from tlio
wealth of our mines 20 cents on thu dol
lar, robbing tho Ameilcan miner and do-
tiviiig :tlio Ameilcan larmcr ot 111s best
market for wheat.
Sllvor. ns wo huvo eccn. wuh demon
etized in 187!l. Now look ut its icaiing
on the wheut iitiestiou. lho llrst iuiior
tutlou of wheut from India to Livurpool
wns 111 the following year and amounted
to only ort.OOO bushels. 1 11 188.) the ox
portutlou of wheat from India, stimulated
by lCngllsh bunks through the vicious
legislation of our Congiess was IL',f()0,000
bushels, more than one-half the amount
oxttotted from the United States. Whllo
tho impottatiou of wheat from India has
been stimulated, the Impoitatinu of w heat
from tho United .Status Iiuh been lelarded.
In 1883 there was exported from this
county Hd,3S.'),828 which brought 112u
aggregating $110,8711,311, while in 188i
thero wus only expoitcd 81,000,000 bush
els, which brought 80-i, nggrcgatlng only
ttC',K(3,0,i7. nils lestricicd oxportniion .
of wheat fioni this country ami its do
cteased value is the direct result of con
gressional legislation in favor of American
bankers and lliitishcupilallslt. Is it any
wonder that llritish capitalists should
stimulute tho Importation of India wheat in ,
preference to American wheat when they ,
can tako sliver wiuth $7rt00 iu lAiidon
and receive $10,000 worth of wheat in'
bit us look at some figures in order to
see just bow this demonetization of sllvei
and itsconseipieut restricted coinage hue
cllcctcd our farming industry, l'rior to
the demonetization of silver in 1873 ant
the closing of tho United States mints to
free coinage, tho average farm value ol
wheat throughout thu country whs f 1.21
per bushel for the crop of 1872. Tho uv-
erago farm value Iu wheat In 1887 was OS
contB. uxtlc ut tlio lollowlng table 01 the
wheat grown iu this country for thu twe
yours mentioned and its value.
Yeur. Munheln. Value, I'uim vuluo
K-K7 .VI.:rJfl,jO. 3IO.Ol2.HfiO.. .i;s per hu
1K72.. ..il'J.toT.UO, . .UIO.IfcD.CTO. I .'.'I per hu
Tho prlco 1.21 reduced to its coin vuhu
was 1,10. This leaves a difference of It
cents per bushel in tho farm value of tin
two years. Forty-two cents on 1MII320,
OOOeipiuIs li)l.(tri8,t.")0. The silver pro
(luted lust yeur from our mines amouutec
to .10,001 .328 ounces which Hold at 37.
108,201 instead of irtO.IWH.OaO which i
would huvo biought If there hud been, 111
there ought to bo, an unrestricted coiutigi
In this country. The loss to the iiiiuon
wuh $13,281 ,080. Tlio loss to tho furinen
nH wo have wen wus $1(11,058,0.10. Tin
fanners' loss by tho unwise legislation o
our country against ono of the most vul
uablo products exceeded tint los to tin
minors by $178,370,101.
With free and unlimited coinugo 11
silver ut tho United Slates minis at -112K
grains, 001 ) lino, for ouch dollar, tho prlci'
of silver bullion would linmedtululy I e
como fixed at $1.2!) r ounce, in place a
05 cunts, us now ; and John Hull vsouli
at oiico siiMeiid his sperulalioii iu Indl
wlteut, the miners ' 1 1 I g. t a III
vul 110 for their liiilti. 11 ,,ni tin- 1)101(0
wheat grower w iM .it . n. 1 u bencflUot ,
HM India cunii' i lain- i . .t und luy j
down ul her i 1 ' 1 1 p 1 1 '"ss than on'
dollar jtorl.ii'lnl 1 !. 1 um mw 1m' '
liiiuii the fariiK-ia --i ' oit would b
ltenellttol if Congress will n-moto thl
unjust restrietioii uiiuiiist silwr, and u
luW, lis it ought, its fit-" ami uiiliuiito'
(Coni-hidi-d on si "i.d p..'-
r , .
t 1