Lexington union. (Lexington, Miss.) 1838-18??, 1840-09-12
wednesday Sep. 9, 1910.
low PRICES.

\
r,s combined opposition have exeried
..s.lves with an unexampled cargerness
impress upon the farming interest
[opchoutthe country that the measures Of
4, administration were directed against
H. The much abused, but little I'M
E.nood Independent Treasury has had
kssbare Of the odium, attached 10 re-
8rlion Of prices.
i, looking over our exchange papers,
have lately been struck with tho nu-
er,us symptoms detailed, or incidentally
|p0oued, of the revival Of business in
Nor,hern States The Independent
re,sury having just gone into operation.
reverse ought to be the case according
Wing predictions
On taking up the Richmond Wing Of
lgust II, we casually noticed a quota.
N of Flour, as selling from s. to $3.50
|pt, per barrel, and wheat at $l,o5 to-
10 per bushel.
The thought struck us at once, that al
same place Richmond, during
existence of the late U. $. Bank, .Jloar
IA for SO S7s per barrel, and rheat at
cents per bushel !
Now we would candidly ask every can
man if here are not two facts, from
Ihch conclusion may be drawn worth
ore than all the assertions, and theories
supported by facts which wing orators
h,a poured forth by the thousand for he
\, three years
4 We do not say Thai tho U s. Bank was
Rsremote agent in bringing -four down 10
b S7l per bbl.--or that the Independent
:. gteasnry raises the price to So 50 per
i, because we know, that the immuta'
Ne laws Of supply and demand govern
bs,e things. Bat we do say, what mus
espparcnt 10 the dullest intellect, thai
Iese t,ro facts, colla,ed, overthrow anf
bzce to ME ground the Wing assertions
lNaU. s. Bank mikes produce high
pl an Independent Treasury will reduce
price.
Indeed, we believe that the price o
ur Is nearer that price, most desirable
bh for the producer and the consumer
aa il has been, ever since the expansion
Iho q. S. Bank 10 1884 % was feI
rooshoui tho country. We never agair
sire to see hreadsuns 1.-The serv staff 0
Y, brought from The Black sea, to sup
prl the finest growing country in tht
orld, IL shows another inversion Of al
lies Of political economy. We may Sc
down % an nxiom, that the moment ~
ppor' breadstufs, We are beginning \
low poor.
There is a mistake very industriousl
opogaIed by the Wings in relation /
pc profits Of our farmers during thos
ears Of high prices Of brcadsluiis. iii
eassns Of tho high prices, were, fri
pc scarcity from poor crops, and secon
and Principally, the immense diyersiC
labor from agricultural pursuits 10 i'm
neraolc other projects, brought about
Subordinate expansion ofpaper curienc
me result was, that the price Of d
cultural labor rose rapidly-eycry THU
''a' inc armer consumed rose rapidly,
n''e ne received more for his wheat vi
Pnehand, he paid out more for raising
|4M wy o'ner. 20 thnt, in fact, when [
R"ahce came TO be struck he found hi
't with really less gains from his lat
4'u ne w'll now find with the price oil
'Oeat reduced, and The cost u rajsinr
'u .,s perhaps, il a much greater raj
Whenever the farmer can produce che
D00sA 70 enter foreign market, he \
ge''lOg whenever he finds am
"a'Ne' at home, he may know that n
se's y nominal, and obliged ID be )
NY y his increased expenses, and Be
!" aa'a'ns stationary il not actually u,
H. "'sOop England, who By i misconc
B 'T''' aa ~, Scen induced 70 charge NIr. \
G Y with opposing tho claims Or ! ~
WI. : : seat in tho Legislature or /
,,I nA' mas become convinced or III
co my, ana done The President The instic
E anoS y. The bishops letter Mi
l