Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-10-10

try. The late administration was sen-I
tent with denoancsBg the silver coinage
act. and demanding lis rsreal without
ofsefing anything IN is place The
gse4eps administration earnestly urged
Iss- 'bav age Of nsezsnres providing fer
- sasgef sacr-aseG use Of silver ia oar
seniaf on. The leading features 81
this administrative policy hare siaee
bern er aeted iato iaw.
sons Of the results ef this frisnssfY
ExecEs I've ard Congressional posleT
toward silver, a. compared ~issa the ~
suits d Democratic hostility towards Is
exhibited ny Mr. G1evelznd's admins
srssion, appear 10 the following fseEs
The value % silver at the date Ct rie
passa9e Of tne Bland Act fFebrnary =,
Is3s.J sas sf 10 ~ PER o1nce. and the
eosnsss reiai value Of the silver in TIE
silver dollar aas G.9sl-i The price OF
silver fell rapidly aaa sfsaosf eonsfaatIy
from thar date TO the clese OF the lat
administration.
aag ,saied March {. ls@s} the value Of
silver was only 80 ~ fge eenrs per oraee.
and NJ bullion Ia the silver dollar was
worth Only az IL 100 cents. By reason
II the friendly freshmen Of silver by
thi. administration and Of anticipated
leglsIafion on the shbject. tie price fasa
> 10 100 cents per eanc- between Mach
I. $3.50, anG DecembeF % tire sane
year
0n D,csmber 1, when thn silver POI
lev Of the administration was announced
IN the Pre-ldsut's First ANIMAL message
10 Congress, and Ia fbe Report IT tie
secretary Of the Treasury, the price Of
silver wss % 27-ie0 cents per OUNCE ana
the bullion value Of tiie silver dollar was
IS s3-l90 cents.
From DvesHller l. I5s9 to July II,
is90. whea the nr1s silver law va.
passed, the price Of silver advanced 10
G9-le0 cents per ounce, reaching l.0s
10 100, and the balilon value Of the silver
dollar ro-e over cents.
| From the passage Of that Act to Aa-
gust 30 the price Of silver advanced from
~ 27-i00 cents per ounee 70 81 80 t7-i0O
per ounce, and fhe bullion value Of the
silver dollar rose from " ~ to ~ 40
cents.
Since the inauguration Of President
| Harrison, therefore, silver has advanced
70 . 10 cepta per ounce, and the hullion
value of the silver dollar has Increased
20 cents, showing that under the opera
| ton IT the new Law, and friendly man
agemenr, silver mas advanced ab9n- ~
much In seven weeks "a IL declined in
the ten and half years following the
pa sage Of the Bland Act
The stock Of full leg'd tender silver
money ia the nited States Is sl5l,57s,
s6s The Republican silver policy has
Increased the intrinsic value Of these
dollars. since the Inauguration of Pre-i.
dant Harrison, s7l9l5,GJ5 The value
Of our subsidiary silver coin has also
been increased Sl5,323 900. making a
total increase in the bullion value of our
silver coin of $50, 93s 0O1 when Con
gre.s met list December the price OF
cheat In Chicugo was 500 per bu,hel
On July II, l-Dp. the date OF the pa,-
sage of the new silver Act, it had ad
vanoed to s0 ~ per hushel On August
80 il had advanced to 81 ,1i - per hushe,
making total advance Of - per bush
el -laee the opening of the Republican
Congress.
Taking the wheat crop Of lssA $50.
500 900 bushels, the value Of which VAS
a little less than 70 cents per bu,hel, the
price hasadvancel II cents per bush
81. making total Increase in value OF
sl54 ,536. 100. The corn crop for the
year lSSo amounted to 2,ll2. N92 900
bushels. The advance in price over the
average price in isSa was So 20 1t per
5ushel, making the total incFeAsein the
value of that product based upon last
years crop si27, $50 $50.
The price of oats has advanced -in
December ;, lS>o, about SO1ll-2 per
bushel, which, Oh the crop Of last year,
would make total increase Of &!oS,-
900 G75
| The total increased value ot the crops
Of wheat, coru and oats, based upon ihe
value of the crops Tor last year. las
therefore amounted TO SGHl .35G.703.
Nearly all other farm products have
advanced in vilur in like manncr. II
70 these are added the increased value of
other products Of industry, the grand
total would largely exceed 81 00o,o1),-
900