US Presidency
1892

These facts appear from the report: First. The cost of articles entering into the use of those earning less than $ 1,000 per annum has decreased up to May, 1892, 3.4 per cent, while in farm products there has been an increase in prices, owing in part to an increased foreign demand and the opening of new markets. In England, during the same period, the cost of living increased 1. 9 per cent. Tested by their power to purchase articles of necessity the earnings of our working people have never been as great as they are now. Second. There has been an average advance in the rate of wages of .75 of 1 per cent. Third. There has been an advance in the price of all farm products of 18.67 per cent, and of all cereals 33.59 per cent. The ninth annual report of the chief of the bureau of labor statistics of the State of New York, a Democratic officer, very recently issued, strongly corroborates as to that State the facts found by the Senate committee.