The advocate., 1890-07-30

diligent in applying their theory 10 the
commodities OF the country, they never
once think Of applying 10 TO the money Of
the nation to the circulating medium.
If a scarcity Of cattle, hogs cotton,
corn and wheat will make these things
dear, will not the same theory applied 70
money make II dear also2
And If plenty of tho above-named
products will make them cheap, would
not the same condition have the same
effect ON money and make II cheap as
compared with the products Of laborY
If the advocates Of the theory that sup
ply and demand alone fixes tho price Of
the products Of labor have proved any
thing, they have proved too much.
They have proved that the theory can
be applied to money as well as property.
In a recent sermon on this subject the
Rev. r. Dewitt Talmage said:
"Oh, says some wlseacre, talk AZ you viii,
thC law Of demand and supply VIII regulate these
things until the end Of time" No, Il VIII
not, unless God dies and the batteries 0f The
Judgment day are spiked, ana Pluto And FrOser-
pine, king and queen OF The informal regions,
take possession Of this wOrd DO you know who
Supply and DOmnnd nre2 They have gone Into
partnership, and they propose To- swndle the
earth, and are sWindllng Il. You arc drowning.
Supply and demand stand on the shore, one on
one side, the other on the other slde, Of the life
boat, and they cry ont to yOui NOW, you pay
ms what We ask You for getting tO the shore, or
go tO the bottom" j You can borrow i've thou
sand dollars YOU can keep from failing I'm busl
ness, Supply and Demand sayi "NOw, You pay
us eXOrbltan uSurY, or you 20 Into bankruptcy
THIS rQhlher llrm or supply aRa Demand wy "
you; "Ihe crops are short we bought mp all
the wheat; II N In our bin. Now, you pay our
price, or starveW That Is your magnificent law
Of supply and demand.
Supply and Demand own the largest mill on
earth, and all the rivers roll over their wheel,
and Into their hopper they put all Nhe men, wO,
men and children they can shovel out OF tho CEN
turtles, and the blood and the bones redden the
valley where the mill grinds: That dlnbOilbal
law Of supply and demand viii yet have 10 stand
aside, and Instead thereof will come the law Of
love- the law OF cooperation, the law Of Kindness,
the law Of sympathy the law OF Christ.
To demonstrate, however, that the
theory OF over.production Is fallacy,
and that something else besides the law
OF supply and demand governs the price
Of the products of labor we call atten-
tion 10 the following statistics which we
take from the speech Of President l.. l..
Polk, delivered before the Senate com
mittee on agriculture:
In 1881 we produced 495,A0,867
bushels of wheat or 0l5 bushels per
capita, and It's price was Sl,15per bushel.
In 1889 we produced 400,5G0,000 or rs
bushels per capita and It's price was 70
cents per bushel. Thus we see that
while in 1881 we produced two bushels
per capita more than we did In 1889, we
received 20 cents per bushel more for
the crop.
But whatever may be said Of the law
Of supply and demand fixing tho price Of
labor's products, II certainly cannot be
said to relate to farm values.
In Massachusetts, the value Of the farm
lands in 1875 was Sl16,629,si9. In 1885