Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1879-01-30
Ficklc Gold-Chcap Money Needed.


anism OF Exchange, shows from status,
tlcs read before the London Statistical
society, in 1860, that the vale of gold, be
tween ,S9 and lSO9, fell IN the ratio OF
100 to ol Or by 46 per cent. From 1906 to
lS49 1t rose again to the extraordinary ra-
ito OF 100 to 20, or by l41 per cent, ''rcn.
dcrlng government annuities and all fixed
payments almost two and a-haIf times as
valuable as they were in 1909, proStrating
and parallzlng industries in the same
ratio that debts oad fixed incomes became
more valuable, and gold increased in val
ne and purchasing power. v After 1916
the new gold discoveries in California and
Australia increased the worlds annual
supply from S6l 900, 900 that yearto $780,
600, 900 in 1852, diminishing its value and
producing power }6 per cent. Since ls49
the annual product of gold has steadily
diminished in quantity from Sl2l, 900
900 that year to about 50, 100000 in lSl7.
The New York Public, Il prominent
financial newspaper of the bullion school,
furnishes statistics TO demonstrate that
tne purchasing power o! gold mas lncreaS-
eu ~ per cent since 800 ahN tIli't thGre
mas Deeh a corresponding ShfihKa@e IN the
wages OF laOor ana the general prices OF
pf00auctS'
Inc london ECONOMIST OF Il late date.
lpSG' ~ lo'o'l IS alSo OIL tne opinion that
G0In nus oeeh advancing Ill N9Iue since
30 10 establish TINS conclusion, 1t
taEc1 t,aaEIc1 t1e a'ctaSG prices oi y articles IN
lo1o 10 COY 't wv anu makes a compare
SON. OF whlch ihe ioilOwln% are the primer
pal points; FROM lSoO to iS3' there was
y rise to l5O; TO- lS'9, a iali to li2, to
lNof' rise TO l'Z; TO iHG9, Il ta,l TO III a
temporary advance IN lo,V 10 l22; ana IN
tnG SnSgseIin! years ilnctu4tlons l Us below;
81 - ~ ~ i2Si iSI2' Ia; 20, ~;
lo'2' 10; io'o' l2"j lN"' l25; lN'S, ll]e-
'emoer lVf' u.,,
u WIN De observed that the hgnrcS OF
inc economist show an increase IN the
VaIue ol SolH tron lSt1 TO lN'S OF j" per
Itht., willc ic !he c'lcHIatlonS ot tnr lHo-
Nv pun ll'c IlSc Ill Roiu ~ 81 percent OhG
isufeS upon ColhmoditleS IN LOh"on' ana
Inc oI'ier Ill We" lolN.
The effects of shrinking and swelling
value OF money upon the industrial and
commercial prosperity Of Il country are
most disastrous.
The greatest prosperity, and the highest
moral intellectual and material develop
ment of nation are promoted by the use
OF money unchanglng in value. The fall
ing value of money, induced by an in
crease OF ITS quantity, has invariably been
followed by increased business activity
and general prosperity. and vice versa.
1t was scarce and dear money that cast
over the world the pail of the Dark Ages,
and not till the discovery of America I'M
locked the vaults # PotOsi, in l57O, in
creasing the yolum' of money, diminish
ing its purchasing power, and advancing
the prices of labor and products, did the
torch Of civilization light up the world, or
shackles of ieudalism fall from the limbs
Of society.
What is meant by dear and cheap mon
ey? What is the standard, above which
we are to know 1t Is dear and below
when IL IS cheap! ,.,
we nave our zero ABOVE or oeioW which
tIe mercury Is sure lh4icltor 9l temper,
atnre' Inc ocean level Is the standard OF
aItituue' ana the equator OF lautu9e'
IIn ihese S'"'''''ro' "'e "i''"'Si's anu re'i"'
1
''S; Svo oro told thot coIJ ;s = stordord y,
rolro NJ II conrot c , ho J stan,rJ ~, " oF its o, ~
n"iie' ~ I',lio; ~ ov"','',l" i VI ~ VMi, ,I
oh., oSnu', "mu nd as suetL W al yae
usoIntn T ~ ,tnJ1 -, oIie' p'o'"c'S'
u ~ Tn., ,ae,':oio %S '.'T '.ai'u"."' 'i, .L,.
IoItIio.mmg & y yere,"a r m p',ceG, ~ 'ne oi'i'
rc'sTItJ Az ~ Lnh Ss",,I"iu VI i,,oTeA Sanur
of az naoi;t;oa onE atapJ,. "i"I .I
y, ;co EotI,eS 0.;tI oton m, remain ?scauy % nnu
ron, 'o WIN Steay 0Is Snu Ii,,tof f 'uiuJ
u. IiloGes. LIS; lt,s is sen sen cnluehs TACT ahu
no Uy quJst' nF tn , ~ n,o" eau .,,G puioil"s
Ing poMG' po,,,, y, Snt ;noIey oe HAo" anu per
'n1nJn''i nnI i"aiia;hcGs ,hn.;t,t g. A.. -....
JnIS oJ D,;u suuI;l'u.,l'g ,or tr'e precious p
,.ieC",9 Iua ,, "Uuoo' n1 u.iuii oL VI eAcnaIee'
Gabt. t.nav;n% nowar pro w;th;n tho I0 "o, oontrol al
of tbe c,ovn,pment for tbe bnno6t Of Iaho,
and eniernrisa Nv ''' '"' '''''"' Vi i"o0'
WI ,,atto., y g ..,,
tborsomd . ner cant nreu,in' eU,H o"s' VI Che Jo
moSt;c monex We Lavo No mso eon = anJ wv
onr bns;nn.s |r nrosnertm Nv shoriJ @ Ia ~ ~, "I Lo
;eoror'i;g.d @ hy Toina irInI S ~ ~ noo o,.a "
rorr;no ond Soorta, ~JS fnt numeu " i'' o'oi
'i' G.I5,..I '.HN ~ '' ,iT, 10 t''.'o'
uGlu mas nearly doubled IN value and
| - IL rI ~ ~ N"N'' '' W