CHAPTER XXXVII. FREE AND UNLIMITED COINAGE
It was during the panic in 1894 that the strike vote was defeated. We
worked on until the first of July, 1896, when our agreement expired.
By that time the tin mill was on its feet. The town of Elwood had grown
from a country cross-roads to a city of the first class. As president
of the union, I had steadily gained concessions for the workers. We were
getting paid every two weeks. It is not practical to pay oftener in the
tin trade. A man's work has to be measured and weighed, and the plate he
rolls on Saturday can not be cut and measured in time for him to get
his pay for it that week. For the pay envelope is handed to him Saturday
noon, and his Saturday's rolling will not go through the cutter until
Monday. He can not be paid for it until it is in shape to be measured.
So we were satisfied to be paid twice a month.
But the mill was now making big profits and we demanded a raise in pay.
The mill owners countered by refusing to “recognize” the union. They
would deal with the men only as individuals. A strike was called, and
the union won. We recovered our raise in pay and signed a new contract.
The strike was off in September after two long months of idleness, and
within a few days after the dust had settled we smelt the fireworks of
political oratory. I am telling it now as it appeared to me then, and of
course I beg the indulgence of those concerned.
Bryan, the bearcat of the Nebraska ranches, had roared with his ears
back, and the land was in a tumult. “Coin's Financial School” had
already taught the people that the “gold-bugs” owned the country and
that the people could save themselves from eternal serfdom only by
changing the color of their money. Bryan told the westerners that the
East was the “enemy's country” and that the gold standard was a game by
which the East was robbing the West, and the only way the people of
the West could save themselves was to move East and clip bonds or else
change the color of the money!
This is the way it looked to me as a working man, and I hope my good
friend Bryan will pardon me for writing of his “great paramount issue”
in a joking way. For after all it was a joke, a harmless joke--because
we didn't adopt it. I got excited by the threatened “remedy” and went
into politics. While the tin trade was on strike, crazy propagandists
from everywhere poured into Elwood and began teaching the men
bi-metalism, communism, bolshevism and anarchy. A communist propagandist
is like a disease germ; he doesn't belong in healthy bodies. If he gets
in he can't increase and is soon thrown out again. But let a strike
weaken the body of workers, and the germs swarm in and start their
scarlet fever.
As soon as the strike was won, I threw myself into the task of
combatting the rising tide of class hatred led by Bryan, representing
agrarians in a fight against bankers and industrialists. I was chairman
of the mill workers' Sound Money Club. Bryan was running for president
on a platform declaring that the laboring man should “not be crucified
upon a cross of gold.” No laboring man wanted to be. I was on the same
side of the fence with Bryan when it came to the crucifixion question,
but on the opposite side of the fence regarding the gold question. Of
course I knew little about finance, and could not answer the Nebraskan.
But had he advocated the free and unlimited coinage of pig-iron I could
have talked him into a gasping hysteria. For, we mill fellows figured
that this was exactly what Bryan's money theory amounted to. His farmer
friends had borrowed gold money from the bankers, spent it in drought
years plowing land that produced nothing, and then found themselves
unable to pay it back. They wanted to call silver and paper cash and pay
the debt with this new kind of money. He wanted a money system by which
a farmer could borrow money to put in his crop, then having failed to
raise a crop (I have mentioned the great drought years) could yet pay
back the money. But no farming nation can suffer great crop losses
without being set back financially and starved to where it hurts. You've
got to figure God's laws into your human calculations.
“Bryan might as well try to dodge the hungry days by advocating the free
and unlimited coinage of tomato cans,” is the way one of the fellows
put it; “then every man could borrow a dollar and buy a can of tomatoes.
After eating the tomatoes he could coin the can into a dollar and buy
another can of tomatoes. And so on until he got too old to eat, and
then he could use the last dollar from the tin can in paying back the
banker.” Schemes like that are all right for orators and agitators who
make their living with words. But farmers and iron workers know what it
is that turns clods into corn and what makes the iron wheels that bear
it to market. It is muscle applied with the favor of God.
Without labor, no crops. Without rain, no crops. It was world-wide crop
failures that finally brought the lean years of the nineties. The
return of big crops was already reviving the sick world. It rejected the
radicals' “remedy” and next year it was well. Had we taken that wrong
medicine in the dark it would have killed us. Thirty years later Russia
let them shoot that medicine into her arm and it paralyzed her. The
rain falls upon her fields and the soil is rich, but it brings forth no
harvest and the people starve.
Russia has had famines before, but they were acts of God. The rain
failed and there was no harvest. Their present famine is an act of man.
Labor ceased. And the ensuing hunger was man's own fault. Nations that
think labor is a curse, and adopt schemes to avoid labor, must perish
for their folly.
In 1896 we came within an inch of adopting financial bolshevism. This
taught me that a people are poorly schooled who can not tell the good
from the bad. The wise heads knew what was good for the country. Hard
work and good crops would cure our ills. But millions voted for a poison
that would have destroyed us. From that time on I dreamed of a new kind
of school, not the kind we had that turned out men to grope blindly
between good and folly. But a school based on the fundamental facts of
life and labor, the need of food and housing, and the sweating skill
that brings man most of his blessings. A school from which no man could
come out ignorant. That school should teach the eternal facts, and he
that denied the facts would then be known for a fool or a rogue--and not
be thought a Messiah.
I love sentiment, and I believe in God. And I believe that facts are
God's glorious handiwork. “Ye shall know the truth, and the truth will
set you free.” The man who shuns realities because they belittle him is
on the wrong road; he is hopelessly lost from the beginning.