, 1875-08-27

| II 10 one of tho trials Of newspaper life
| that articles must be framed to suit different
grades OF intelligence and tho various indi-
yi,lual supplies OF information. If It were
not for this embarrassing circumstance, 1t
would not bo necessary to 60 ali over another
| demonstration OF tho patent fact TINT it In
tho greenbnck and not gold that goes bob
hing up nnd down, md thus c1erts constant
though not nlways pcrceVtible disturbance Of
all kinds Of prices. gentleman who signs
himself "Anlorigo" writes us communities
tion which VIC PRINT elsewhere, md tho pur-
1oso of which seems to DO to recall tho
necessity Of coming down to tho level Of his
intelligence, and shaping tho argument to Lis
limited power of comprehension. We fear
that this is hard thing to do, md the only
encouragement 10 attempt it is the assurance
that, il ''AmcriGo" con be mado to under
stand 1t, there is no ono else so stupid as not
to SEQ it.
/. OF cotlrEo the merchant does not change
the currency price Of lis goods from day to
day, and tho employer docs not rovolutionize
the wages be pays every twenty-four hours,
to correspond with tho diurnal riso or fall in
lH9 SOlA fiAuo VI htatuossIASs - tApJ I'LL,
nil business would bo chaos, md tho grcon-
back would quickly be rejected and thrown
out Of use altogether. Tho instinct Of SELF
preservation deters men from adopting 20
suicidal policy. Fortunately there is a con-
servntivo tendency among business men
which induces them to agree upon ns much
stability in prices as possible, and not hnggle
nbout fractions from day to day and from
honr to hour. This conservative tendency
applies to nll the circumstances which indu-
enco prices, AZ we'll as to the varying purchas.
| ing power of tho greenback. Tho mechanic
h1es in his mind, aud has the approval Of
| custom for demanding. We will say, SO q day
for Ills labor. The depreciation Of the green
| back or & cents in tho dollar, or It's appro-
/ ciation of or 3 cents tomorrow, does not
| induce him to ask a fow ccnts moro Id ono
case, OF few centa less in the other, any
mora than the arrival Of fresh batch
| Of mechanics from Europa (Which Ia like
wiso calculated to dccreaso his wages) in
tlucos him to voluntarily throw OIL d few
| cants day. So man who has nude up
| his mind to aak $10O in currency for horse
lie has to sell does not ask 800. .25 simply be-
/ Cause greenbacks fall temporarily fraction
| Of cent in vnlue.
q But tllis conservative tendency, which
| enables tho transaction Of business In an
orderly and Systematic manner, hns the effect
to fir and maintain prices at higher rate
| tllan thoy ought to be, as a rule. Every
merchant in marking bis goods for eale Iuts
them sufficiently ligh 10 give him margin
on The possible decline in tho value Of tho
greenback. lie determines what profit he is
| willing to take, and then remembers: ttAh,
the groenback rnay be worth less than it Ia
now when I havo to ranow my stock, and
| will ald few cents yard to provide for
that contingency, and aave myself" This
| same apprehension extends to oil classes Of
trade, and unquest'onably Keeps up higher
range Of price, moro or less variable, In all
classes Of trade intercourse. In this way
there Is an uncertain, unstable, and variable
Crude Of prices all Tie time.
3. But whilc tho daily speculative changes
in the quoted valuo Of the g7senbaok do not
exert immediate corresponding changes in tho
price Of furniture, iron, fual, dry-goods,
houses. horses. rents, ETC.. any considerable
change one why or the other, which 80 romaina
for considerable time, pctvndes tho entire
gold, from Home cause or other, should bo
tomorrow quoted ot 1875, and greenbacks
should consequently bo worth only 80 cents
In tho dollor, andsuppose this relation should
| continue for length Of time. Does
"A,aorigo imagine that the deprecated
purchasing power OF the greenbaek would